Taiji shares (002368): Performance in line with expectations Strengthen Internet + Government Services

Taiji shares (002368): Performance in line with expectations Strengthen “Internet + Government Services”

The main points of the report describe the company’s announcement of the first quarter of 2019 performance preview, a series of 武汉夜生活网 previews, the company achieved net profit attributable to shareholders of listed companies.

20,000 yuan?
2185.

280,000 yuan, the range of change is -5% in ten years?
20%.

Event commentary performance was in line with expectations.

The company’s change in net profit attributable to shareholders of listed companies is -5%?
20%, basically in line with expectations.

The most important thing is that during the reporting period, the company revolved around its business plan, steadily promoted the company’s production and operation, and stepped up efforts to explore the market. In the first quarter of 2019, the contract extension and operating income continued to grow steadily; at the same time, the internal management efficiency was further optimized.Control statutory costs and improve the company’s profitability.

It 杭州桑拿 can be seen that Taiji continues to gradually improve the company’s established strategy to increase orders and revenue, while controlling costs, optimizing business structure and profitability, and continuing to optimize on the revenue and cost side.

Strengthen “Internet + Government Affairs” and create a benchmark for digital government construction.

In early 2019, the company successfully won the bid for the national government service platform (Phase 1) engineering general integration service and core business system construction, and built a national “Internet + government service” platform, and promoted to the central ministries and provinces and cities at the same time; at the same time, the company strengthenedRegarding the layout of “Internet + supervision”, the successful bidding of the “Internet + supervision” application system construction project of the national government service platform on March 21st helped Tai Chi fully absorb the release of new demand.

The 2nd Digital China Construction Summit is expected to be realized recently. Taiji will assist the Bureau of Information Technology and other competent authorities in organizing e-government forums, reflecting its industry scale in the field of government informatization.

Combined with the first summit, this summit is expected to further promote the government’s digital construction wave, and Taiji shares are expected to fully benefit.

Profit forecast and investment advice: The company focuses on “data-driven, cloud-led future, and network security world” as its strategy. It takes government affairs cloud, network security and autonomous and controllable businesses as its pioneer, and optimizes its business structure and company management in multiple dimensions.

The application for convertible bond issuance is advancing steadily. If the merger is smooth, it is expected to accelerate the company’s business growth and cultivate new growth poles.

Expected company 2019?
The net profit attributable to mothers will be 4 in 2021.

2.4 billion, 5.

6.4 billion and 7.

14 trillion, the corresponding EPS is 1.

02 yuan, 1.

36 yuan and 1.

72 yuan, corresponding to PE is 36 times, 27 times and 21 times, maintaining the “buy” level.

Risk Warning: 1.

The company’s R & D and other expenditures effectively converted orders and revenue, and the overall business growth was less than expected; 2.

There is uncertainty in the progress of the company’s SOE reform, or it exceeds expectations, and the initial reform results may be lower than expected.