In the first half of the year, the company achieved main business revenue of 132.557 million yuan, an increase of 20.35% over the previous year, and realized net profit attributable to shareholders of listed companies of 5.0928 million yuan, an increase of 20.50% over the previous year, and earnings per share of 0.152 yuan. The company's integrated image system revenue from major customers in the former army was 76.2406 million yuan, a slight decrease over the previous year; the video conference system achieved revenue of 32.814,900 yuan, an increase of 27.46% over the previous year; and video surveillance revenue was 19.0119 million yuan, an increase of 1650.28% over the previous year. The increase in revenue is mainly due to the increase in video conferencing business and video surveillance sales. Among them, the reason for the sharp increase in video surveillance revenue is that it has been confirmed that the sales revenue amount for security and transportation projects is about 17.3 million yuan. In the first half of the year, the company actively carried out media promotion, channel promotion, exhibition tours and other activities for the Huaping Zhicheng series of new video products to promote the growth of traditional businesses such as video conferencing. In terms of emerging businesses, it continues to develop businesses such as smart homes, telemedicine, and online education. The company has set up three new holding subsidiaries, Huaping Haoyin, Huaping Xiangsheng, and Wangwou Network Technology, to develop businesses such as online piano education, digital operating room informatization, and online medical care. The new businesses are still in the cultivation period. Revenue from the video conferencing business is expected to increase by 20%-30% throughout the year. The video surveillance business is growing rapidly due to the contribution of the Safe City Project, and revenue from surveillance and command solutions has declined slightly. Net profit attributable to shareholders of the parent company is expected to increase by 26% and 18% respectively in 2014-2015. The diluted EPS was 0.39 yuan and 0.46 yuan respectively, and the corresponding PE was 43.5 times and 36.9 times, respectively. The company continues to tap the growth potential of traditional businesses and actively explore and develop new businesses. Future performance growth has some room for imagination, and maintains an investment rating of increased holdings. Risk warning: Increased competition in the industry has led to lower performance than expected, poor development of new businesses, etc.