On May 29 of the incident, the company announced that it plans to purchase 100% of its shares in Xuanyu Space and 100% of Xuanyu Intelligence's shares from 502 by issuing shares and making cash payments, and to raise no more than 794 million yuan in supporting capital. Commenting on 502's asset injection and increasing performance, Aerospace Investment's participation in supporting financing demonstrated confidence. On May 29, the company issued an announcement to purchase 100% of its shares in Xuanyu Space and 100% of Xuanyu Intelligence's shares from 502 by issuing shares and paying cash. The total consideration for Xuanyu Space and Xuanyu Intelligent Trading was 968 million yuan, including 145 million cash consideration and 823 million share consideration. The issue price of the issued shares was 1,005 yuan/share. According to the profit forecast given in this plan to issue shares and pay cash to purchase assets and raise supporting capital and related transactions, Xuanyu Space will achieve net profit of 52.09 million, 70.49 million, and 87.57 million from 2018 to 2020; Xuanyu Intelligence will achieve net profit of 10.5 million, 15.44 million, and 21.6 million from 2018 to 2020. The company plans to raise a total of no more than 794 million yuan in supporting capital through a non-public share offering from no more than 5 specific investors, such as aerospace investment. The supporting funds raised will be used for the construction of target assets such as the Shunyi Aerospace Industrial Park satellite application intelligent equipment industrial base project, the intelligent equipment development and capacity building project of the Intelligent Equipment Control System Department component development and capacity building projects for the target assets of the Shunyi Aerospace Industrial Park. Aerospace Investment, as a related party to a listed company, promised to subscribe to raise no more than 200,000 yuan of supporting capital, but not less than 20% of the total supporting capital raised, demonstrating confidence in the company's development. The business has expanded into four major fields. The Wuyuan Intelligent Equipment Platform has established that Xuanyu Space's main business includes providing control systems and component products for industry users, and test simulation systems for applications in different industries. After six years of development, it has accumulated a large number of superior technologies such as intelligent measurement, control and simulation of complex systems, development and production of intelligent equipment microsystems and control components, etc., and has strong influence in the field of testing and control. Xuanyu Intelligence's main business is to provide integrated control and automated execution systems for special environments and special industries. The company has certain advantages in developing industrial control system products in special environments such as high temperature, high radiation, and high corrosion, and has accumulated high-quality customers in the nuclear industry. After the transaction is completed, the company will form four major product lines in the field of intelligent equipment, including railway operation safety inspection systems, intelligent testing and simulation systems, microsystems and control components, and nuclear industry automation equipment, based on control technology. Through this asset injection, the core technical level of listed companies has been further improved, and the product structure has been enriched. In the future, it will gradually become the main platform in the field of intelligent equipment for the Fifth Aerospace Academy. The traditional railway operation safety inspection system business is growing steadily. The new business is expected to grow rapidly, benefiting from the continuous construction of China's railway network and the rapid development of urban rail traffic. The company's railway operation safety inspection system business will maintain steady growth. With the continuous construction and improvement of the national railway network and the gradual construction of a modern high-speed railway network, demand for existing line equipment upgrades, major equipment repairs, and new railway construction will continue to grow. Furthermore, with the deepening of the country's “Belt and Road” development strategy and the rapid development of China's urban rail transit, the international market and China's urban rail transit market are expected to become new growth points for the company. Xuanyu Space and Xuanyu smart products have a broad market space and are expected to maintain relatively rapid growth. Xuanyu Space has provided multiple sets of space-borne computer series ground test equipment for a number of typical major projects. The main customers include Changguang Satellite Technology Co., Ltd., China Aviation Industry Corporation and other companies, and cooperated with customers such as Harbin Institute of Technology, China Aerospace Science and Industry Group Second Research Institute, and Shanghai Microsatellite Engineering Center on key projects. Rich customers within the space system provided broad market space for the future development of Xuanyu Space. Xuanyu Intelligence and customers in the nuclear industry have conducted in-depth research and discussions on the application of intelligent equipment, and key system integration projects have been successfully implemented, and the business is in a period of rapid development. Profit forecasting and investment ratings: Asset injection boosts performance, Wuyuan's intelligent equipment platform status is established, maintaining stable growth in the traditional railway operation safety inspection system business of the company that has increased holdings. The proposed acquisition target of Xuanyu Space and Xuanyu Intelligent has broad market space. The company has been established as the Wuyuan Intelligent Equipment Platform, and further capital operations are worth looking forward to in the future. The company's net profit from 18 to 20 is estimated to be 0.82, 0.96, and 112 million yuan, respectively, up 14.91%, 16.75%, and 16.70% year on year. The corresponding EPS for 18 to 20 years is 0.21, 0.25, and 0.29 yuan respectively, corresponding to the current stock price PE, 59, 50, and 43 times; considering this issue of shares and payment of cash to purchase assets and raise supporting capital, the company's net profit for the 18-20 year exam was 145, 1.82, and 221 million yuan, respectively, up 101.39%, 24.83% year on year. 22.65%, corresponding EPS for 18 to 20 years is 0.27, 0.34, and 0.41 yuan respectively, and corresponding to the current stock price PE is 46, 37, and 30 times, respectively.