Incident Overview: During the reporting period, the company achieved operating income of 515.5933 million yuan, an increase of 31.39% over the previous year; realized net profit of 65.02.65 million yuan, an increase of 47.92% over the previous year. Analysis and judgment: Comprehensive risk management technology systems occupy a high position in financial technology: During the reporting period, the company launched a comprehensive risk management system, including integrated pricing systems, balance and liability systems, public and retail rating systems, post-loan early warning systems, audit systems, and compliance risk management systems. The market demand for this series of products is strong, and currently the products all maintain a high standard rate. In terms of traditional business, the company's inherent businesses, such as process banking, electronic banking, video risk control business and insurance business, call centers, etc., continue to maintain its leading market position, and actively promote new products on this basis, thereby continuously exploring market potential. New Weijiang, a financial O2O aggregation platform, was successfully launched: during the reporting period, the company sought to build a consumer finance IT cloud service platform with information flow and data flow interaction between financial institutions, merchants, and users. Its financial O2O aggregation platform Xinweijiang has been successfully launched. Xinweijiang opens up all aspects of banking financial services, bank users, and merchants through a cooperative approach that opens up the mobile banking interface, and innovates financial scenarios covering lifestyle and consumer services, which is of innovative significance. In addition, the company funded the establishment of Hangzhou Xinyada Fantai Technology Co., Ltd., which will provide technical services for consumer finance after the establishment of Hangzhou Xinyada Fantai Technology Co., Ltd. The company acquired 80% of Jinwang Antai's shares for 960 million yuan, and can be expected to strengthen the commodity e-commerce sector in the future: since China's commodity electronic trading market was established relatively late, there have always been development problems with inadequate market systems and chaotic implementation in the overall market development process, but a high growth trend has still erupted. As of 2016, China's electronic commodity trading market has surpassed 1,100, with more than 600 types of transactions. The average annual transaction volume of trading centers is 100 billion yuan. In order to guide the spot market to move in the right direction, the State Council has successively issued Documents No. 37 and No. 38 to further regulate the phenomenon of frequent financial risks and chaotic trading systems, and ensure the healthy and orderly development of commodities from a policy perspective. In the context of this era, Jinwang Antai has provided customers with one-stop solutions for commodity e-commerce and has cooperated with more than 100 trading platforms for many years. Therefore, regardless of overall technical maturity, market expansion capabilities, and industry depth, as the commodity trading market is further regulated and developed in the future, I believe that the company will explode greater development potential in the future. Profit forecast and investment advice: The company's main business is developing well, and is actively expanding new products and extending the company's overall product chain. Future development continues to be promising. EPS forecasts for 2016-2018 are 0.50, 0.64, and 0.70 yuan, respectively, maintaining the “gain” rating. Risks indicate that the overall revenue of related project cooperation falls short of expectations, market risks, and policy risks.