The acquisition of Bohan Weiye helped the company grow its performance. Huapengfei is a professional logistics service provider in the domestic electronic information industry, providing “integrated, one-stop, personalized” integrated logistics solutions. In 2015, Bohan Weiye was acquired and successfully deployed in the field of mobile informatization, making the intelligent mobile service business a new bright spot for the company, achieving revenue of 167 million yuan, accounting for 21% of the company's revenue. Considering the huge market space for enterprise-grade mobile informatization, and Bohan Weiye's net profit of 100 million yuan in 2015, exceeding the performance promise by 2.09%, the company is likely to achieve a gambling agreement in the future, helping Huapengfei's performance to grow. Bohan Weiye's innovative model dominates the market, and has signed an EMS contract to guarantee performance. The traditional mobile terminal industry lacks integrated software and hardware operation services. Through an in-depth understanding of the market and an original combination of software and hardware, the company can save customers time and costs to a large extent compared to other competitors, and effectively enhance the company's competitiveness. At present, the company has reached a cooperation with China Post to provide PDA terminal support for EMS. According to the plan, the EMS business alone can guarantee a 10% increase in the company's performance. As one of the few providers of integrated services in the industry, we expect the company's market share to reach 11% in 2016 and achieve revenue of 210 million yuan. IT informatization in the medical field has become a trend, and the Bohan Weiye mobile nursing station project is expected to be rolled out nationwide. With the further spread of the Internet, new medical methods with “Internet +” as the core have gradually begun to form business connections with hospitals, and hospital IT upgrading and reengineering has become an inevitable trend. Bohan Weiye entered the medical field by participating in the mobile nursing station project through cooperation with Sichuan Telecom. As the company's business model further matures, in the future, the company is likely to replicate the mobile nursing station project nationwide and share market dividends in the medical field. Profit forecast. We expect the company's EPS for 2016-2018 to be 0.51 yuan, 0.68 yuan, and 0.87 yuan, respectively, and the corresponding PE will be 74 times, 55 times, and 43 times, respectively, giving the company an “increase in holdings” rating. Risk warning: China Post business accounts for a high share, and there is a risk of a single major customer; Bohan Weiye's cross-industry expansion falls short of expectations