Investment highlights: Event: On the evening of May 19, 2015, the company issued a progress announcement on the employee stock ownership plan. Employee stock holdings have been implemented, speeding up the take-off of stock prices. From May 15, 2015 to May 19, 2015, Xing Securities Asset Management's Xinzhong No. 18 pooled asset management plan buys 663,600 shares of the company's total share capital from May 15, 2015 to May 19, 2015, at an average price of 53.46 yuan/share through secondary market purchases, accounting for 0.53% of the company's total share capital. The implementation of this plan will enhance the cohesion of employees, achieve the sharing of interests between employees and the company, enable employees to explore markets more actively, actively improve the company's technology, and accelerate the company's leadership advantages. Shareholding plan details. The company implemented an employee stock ownership plan, and employees raised 20 million yuan to subscribe to the secondary share of XIC Asset Management's Xinzhong No. 18 pooled asset management plan. The latter purchased shares of Jinyun Laser after allocating capital according to a 1:1 ratio for a period of two years. There are no more than 100 directors, supervisors, senior managers, and other employees of companies and subsidiaries that have invested in this employee's shareholding plan. Among them, there are 4 company directors, supervisors, and senior managers, including supervisor Li Aijing, employee supervisor Zhang Tao, deputy general manager and director, Li Dan, and financial director Wu Guangquan. Mr. Liang Wei, the controlling shareholder of the company, guarantees the realization of Xinzhong's priority shares in the No. 18 Pooling Plan. Profit forecasting and valuation. The company continues to expand the application fields of 3D printing through improved technology, fully seizing the advantages of pioneers in various fields. The financial luck model is also a complete 3D printing business model in China. It integrates hardware, software, content, and services through the combination of the Internet. Cooperate with internationally renowned 3D printing companies to achieve complementarity of technology and resources. Strong alliances also build solid back-end capabilities for online “cloud platforms”. Furthermore, the company's non-public offering plan and employee stock ownership plan all show that the company is optimistic about the prospects of the industry. In the future, the company is expected to enter a rapid growth channel with new technology and new business models. 3D printing is expanding its application fields and is trying to enter high-growth industries such as the military industry. Furthermore, the Internet will not only improve the company's performance, but will also accelerate the expansion of application fields. Meanwhile, the financial transportation model will bring about deeper integration of the industrial chain. The 2015-17 EPS is predicted to be 0.21, 0.39, and 0.73 yuan respectively (regardless of the impact of non-public shares on equity), giving the company a target market value of 10 billion yuan, corresponding to a stock price of 79.37 yuan, corresponding to the 2015-17 dynamic PE of 378, 204, and 109 times price-earnings ratio and buying ratings, respectively. Risk warning. The presence of potential competitors; poor expansion of downstream demand; the company's non-public offering of shares has not been approved.