The company is a high-tech enterprise specializing in R&D, production, sales and maintenance of automatic ticketing system (AFC) terminal equipment. The company's business includes production of automatic rail transit ticketing equipment, sales of rail transit automatic ticketing equipment parts and related supporting equipment, sales and installation of intelligent safety doors at express bus platforms and shielded doors for rail transit platforms, software development, automatic lockers, computers and intelligent systems technical services, technical consulting and technology transfer. The advantage of specialization. AFC terminal equipment is a complex system integrating multiple technologies such as computer technology, network technology, automatic control technology, contactless IC card technology, mechatronic technology, sensing technology, and mechanical manufacturing technology. There are many types of equipment, high technical content, complex structure, and high requirements for overall design, module manufacturing, and equipment management level. Strong comprehensive technology integration and application capabilities are required. The degree of specialization is very high, and the maturity of the industry requires a long period of specialized accumulation and accumulation. Since 2001, the company has been positioned in the R&D, production, sales and service of AFC terminal equipment, and has always focused on specialized development in this field. Years of specialized management have given the company many valuable experiences in manufacturing processes, talent teams, R&D results, customer resources, etc., and is also conducive to the promotion and strengthening of cooperative relationships with various system integrators. R & D and core technical advantages. The company has long focused on cultivating its own R&D capabilities. The company's R&D team is mainly composed of the R&D department and the engineering department. As of December 31, 2014, the company had 94 professional R&D technicians. The company's R&D department undertakes the main work of developing core modules and new products. It has comprehensive capabilities such as corresponding structural design, process design, control circuit board design, and control software development, and is the core department of the company. Up to now, the company has obtained 17 invention patents, 14 utility model patents, 14 design patents and 31 software copyrights, covering various types of AFC terminals and core modules. Production process advantages. The company has advanced sheet metal processing equipment and a high level of production technology in the industry, including the manufacturing process of core modules and shells. The technical content and added value of AFC terminal equipment is mainly reflected in the design and manufacture of various core modules such as transmission modules, coin processing modules, blocking modules, and recycling modules. The technical complexity of the block is reflected not only in the development and design of control circuit boards and control software, but also in the design and manufacture of complex mechanical structural components in the module. These modular structural parts are small but irregular in shape. There are many types, produced in small batches, and the processing accuracy requirements are high. Advantages of business development capabilities. Up to now, the rail transit AFC terminal equipment business carried out by the company has covered many domestic cities. The company is also actively expanding the international market, seizing good opportunities for rapid development of urban rail transit in Southeast Asia and South Asia, entering the Indian, Malaysian and Philippine markets, and achieving the export of the entire AFC terminal equipment line at an early stage among domestic companies. The company's EPS is estimated to be 0.93 yuan, 1.15 yuan, and 1.41 yuan after 15-17 years of dilution. The company is a high-tech enterprise specializing in R&D, production, sales and maintenance of automatic ticket sales and inspection system (AFC) terminal equipment. Combining the winning rate, individual stock fundamentals, valuation, and current market sentiment, we expect the pricing range for this IPO to be 20.40-20.52 yuan on the first day of listing. It is recommended that the successful investors continue to hold it.