The incident company issued a revised performance forecast announcement on the evening of July 11. The company's net profit for the first half of the year was about 42 million yuan to 48 million yuan, compared to -38.69 million yuan for the same period last year, turning a loss into a profit over the previous year. The interim report performance has improved drastically. It is expected that the annual report results will accelerate quarterly. Previously, in the 2019 first quarter report disclosed by the company on April 26, the company's net profit for January-June 2019 was expected to turn a loss of 8 million yuan to 13 million yuan compared with the same period last year. Referring to the announcement, this major upgrade is related to the acceleration of order release in June, when the policy was clarified at the end of May. Considering policy requirements and the company's position in the industry, the release of Q3 and Q4 orders and the acceleration of performance are worth looking forward to. The investment logic entered the second phase. The company's profit forecast for 2019 and the target market value exceeded our expectations, taking into account the pace of order execution and the company's profitability, and adjusted the company's net profit from 2019 to 2021 from 1.80, 2.16, and 258 million yuan to 310, 3.22, and 197 million yuan. The company's investment logic is entering the second stage, and the results have been realized. The profit situation exceeded expectations, and we raised the company's target market value to 7 billion yuan, corresponding to 22.5 times PE in 2019, and maintained our holdings increase rating. Risk warning: The company's order execution process is lower than expected; the company's profitability is lower than expected