Internet applications in the industrial sector started quietly

Following the Industrial Internet of German Industry 4.0 and the United States, China Made 2025 has also become a national strategy. Huichuan has mastered the entrance of industrial Internet controllers, introduced bus technologies, and built a platform for industrial Internet. Huichuan is expected to become the giant of the Industrial Internet. Germany proposes Industry 4.0 and the United States proposes Industrial Internet, while China proposes China Manufacturing 2025, and the in-depth application and integration of Internet+ in various industries in China is already a major trend. Internet applications in the industrial field have also started quietly, and Huichuan technology has been used in the Internet. The company has accumulated over 3 years of experience. Through the application of elevator internet of things, it has built an industrial internet application platform and accumulated tens of thousands of customers. At the same time, the company is vigorously expanding in the fields of air compressors, cranes, and heating. Customers, gradually expand to tens of millions of customers in the next 3-5 years.

The inverters, controllers and servos provided by Inovance Technology are important entrances to the industrial Internet. The company has taken the lead in introducing EtherCat bus technology from Europharm to reach these devices. EtherCat bus technology is the fastest and most cost-effective bus technology. , Huichuan first introduced to provide customers with faster and more automated services to achieve the interconnection between the control equipment, also marks the beginning of the beginning of the equipment layer, the control layer to the network layer expansion, will also put customers, distributors and supply Businesses and other companies united to set up an industrial Internet alliance to form an industrial Internet ecosystem centered on Inovance. According to GE's calculations, the Industrial Internet will affect the global economy of 32.3 trillion U.S. dollars and increase GDP by 15.3 trillion U.S. dollars over the next 15 years. Among them, 3 trillion U.S. dollars will be in China, and the market space for interconnections will exceed imagination. Become a giant of the Industrial Internet.

We maintain our previous profit forecast and expect that EPS for 2015-2017 will be 1.20/1.57/1.99 yuan, which is an increase of 40/31/26% year-on-year. Considering that the company has an excellent strategic position in the Industrial Internet and Industry 4.0 in 2015 , Electric vehicles have entered the passenger car from the direction of passenger cars, taking into account the valuation of the Internet, software companies, electric vehicle related companies, given Huichuan 80 times earnings in 2015, revise up the target price to 96 yuan, maintain the buy rating, in the medium term Look at the company's potential to have a market value of at least 100 billion.