A total of two IPOs were listed on May 30: Hengtai Shida (300513), with an issue price of 11.73 yuan, a price-earnings ratio of 22.98 times, and an industry price-earnings ratio of 88.31 times. The IPO focuses on Hengtai Shida, which has more than 15 years of experience in power grid informatization construction, and has accumulated a number of high-quality customer resources, such as the headquarters of the State Grid Corporation and China Southern Power Grid Corporation, which not only brought stable profits to the company, but also the foundation for future development. The company has professional system integration capabilities and professional software development capabilities. The service covers the six major aspects of power transmission, transformation, distribution, electricity consumption, scheduling, and information management. The company launched a peak-shifting auxiliary service system and wind power optimization scheduling support system in 2014, laying the foundation for entering the new energy industry; in 2015, it became the editor-in-chief of the national waste-to-energy monitoring system industry standard, laying the foundation for rapid entry into the comprehensive utilization of renewable energy. Tianshun shares (002800), with an issue price of 7.7 yuan. Changjiang Securities expects the company's 2016-2018 EPS to be 0.534 yuan, 0.567 yuan, and 0.677 yuan, respectively. The IPO focuses on Tianshun Co., Ltd. as a private integrated third-party logistics provider with the largest operating income in Xinjiang. Customers spread all over Xinjiang, and the business has expanded to many provinces outside of Xinjiang. The company is in a leading position in the industry in terms of third-party logistics management level, supply chain service business chain coverage, and comprehensive supply chain support capabilities. The company can provide various customers with a full range of integrated supply chain services integrating third-party logistics, supply chain management, logistics park management and logistics financial supervision. Its core business mainly involves supply chain design, logistics, supply chain process management, warehousing, procurement execution, distribution execution, logistics supervision, etc. Focusing on IPOs, Changjiang Securities expects the company's revenue in 2016-2018 to be 507 million, 536 million and 609 million yuan respectively, net profit of 40 million, 42 million and 50 million yuan respectively, and corresponding fully diluted EPS of 0.534 yuan, 0.567 yuan and 0.677 yuan respectively. Risks indicate the risk of a decline in logistics demand due to the macroeconomic downturn, regional market risks, and the risk of bad debts on accounts receivable.