Event description: 1. The company released the performance forecast for the first half of the year. The operating conditions are good and profits are expected to grow steadily. The company released the 2018 semi-annual performance forecast. During the reporting period, net profit attributable to shareholders of listed companies is expected to reach RMB 20.0791 million to RMB 24.8544 million, an increase of 30% to 40% over the same period last year. Incident opinion: 1. The company's overall business situation is good, and the performance growth rate is in line with expectations in the first half of 2018. The company's overall business situation is good, and various tasks are being carried out in an orderly manner according to the annual business plan. Net profit attributable to shareholders of listed companies is expected to reach $20.0791 million to $24.8544 million in the first half of 2018 (the estimated impact of non-recurring profit and loss on net profit is about $13.079 million), an increase of 30% to 40% over the same period last year. The company actively exploits the technical advantages and market advantages of new products. The development of basic software business and key application business is good, its position in the industry has been further consolidated, and the overall performance has maintained a good growth trend. 2. Cooperate with Lenovo to develop autonomous and controllable safety ecosystems. In March 2018, Beixinyuan and Lenovo reached a major cooperation and signed an agreement. The two sides will work together to develop the domestic autonomous controllable business market and work together to provide safe, reliable and applicable domestic autonomous controllable software and hardware products to customers in various industries. The company has always attached importance to the construction of a domestically produced autonomous and controllable safety ecosystem. Over the years, it has adhered to the direction of adapting autonomous and controllable research and development, and has an in-depth understanding of the requirements for autonomous and controllable safety ecological construction. 2018 will be a landmark year for the official launch of autonomous, controllable and localized terminals. The company will strive to build the number one autonomous, controllable and localized terminal security brand in China by leveraging its accumulated advantages in technology, products, services and experience in the field of localization adaptation. 3. Three domestic security products were selected into the “Adaptation List”. The advantages of information security products are obvious with the official release of the first phase of the “Adaptation List” of localized information products, and three domestic security products owned by Beixinyuan were selected. The three products enhanced the security protection capabilities of localized information products from the three dimensions of people, terminals, and attack prevention. The advantages of the company's information security products are obvious. They mainly include domestic terminal security, data security, intranet security, inspection tools, server reinforcement, anti-virus, and virtualized terminal security software. Domestic terminal security products support domestic databases and have a leading advantage in domestic production integration support. At the same time, they are also conducive to building autonomous and controllable integrated solutions that are conducive to creating autonomous and controllable integrated solutions. They are an excellent choice for the government, military, education, medical, financial and other enterprises and institutions to purchase terminal security protection products. 4. The investment recommendations take into account the company's technical barriers and customer resource advantages. The company is expected to achieve net profit of 1.65, 2.01, and 259 million yuan in 2018-2020. The corresponding valuation is 35, 28, and 22 times the current market value, maintaining a “highly recommended” rating. Risk warning: The risk of changes in relevant national policies, and the company's market expansion falls short of expectations.