Key points of the report The leading industry informatization and intelligent overall solution provider company is mainly engaged in informatization construction and consulting, application software development and services for industries such as telecommunications, electricity, finance, transportation and government. Overseas business revenue accounts for more than 9%, and has rich international experience. At the same time, the company is paying close attention to the development trends of the industry and information industry. It has accumulated R&D in high-trust software technology, cloud computing, big data, mobile connectivity, and the Internet of Things, etc., and has been applied in software and projects developed by the company. Deeply involved in telecommunications OSS, and in the context of software industry upgrading and increased competition in the industry, the information systems of the telecommunications, electricity, finance and other industries that rely on a large number of information-based business systems for business development need to be upgraded urgently. The company mainly focuses on customized software development models, is deeply involved in telecom OSS solutions, and has developed more than 50 products in nine major product lines, covering all aspects of customer operation support, and has an obvious leading edge in the field of operation support. At the same time, efforts are being made in industrial application fields such as power enterprise management and control software and financial asset management. It has strong technology, high-quality products, and a deep understanding of the industry's business needs, and can grasp the development direction and trend of industry informatization. Focus on frontiers and trends, maintain continuous innovation On the basis of existing advantages, the company focuses on frontiers and trends, and maintains continuous innovation. A cooperation agreement was signed with the Chinese University of Science and Technology to jointly build the “China University of Science and Technology - Guochuang Highly Trusted Software Engineering Center”. The research and development of high-trust software technology is expected to play a major role in the future development of the software industry and information society; it has already accumulated a lot of research and development in technologies such as cloud computing, big data, mobile interconnection, and the Internet of Things, which have been applied in software and projects developed by the company; in addition, using Internet thinking, actively exploring “software operation and service models”, the industrial Internet layout in related industries has been initially completed. Raise capital to improve business and improve core competitiveness. The capital raised is mainly invested in six projects: “Next Generation Telecom Operation Support System Construction Project”, “Electric Power Enterprise Integrated Control Software Construction Project”, “Enterprise Information Integration Platform Construction Project”, “R&D Center Construction Project”, “Marketing and Service Network Construction Project”, and “Supplemental Liquidity” six projects. On the basis of the company's existing software system, the company's core competitiveness is enhanced through technological transformation and optimization and upgrading. Investment ratings are not yet granted. The EPS for 2016-2018 is expected to be 0.65 yuan, 0.82 yuan, and 1.00 yuan respectively. Considering the large fluctuations in stock prices during the initial listing period, investment ratings will not be given for the time being.