Jiadu 佛山桑拿网 Technology (600728): Artificial intelligence and science and technology board theme blessing rail transportation business accelerates to land
Event: The company issued an announcement on March 1, 2019, saying that the company’s wholly-owned subsidiary Jiadu Xintai won the bid for “Guangzhou Rail Transit Line 11 and 13th New Line Station Equipment and Operation and Maintenance Service Procurement Project” and won the bid.About $ 11.9 billion.
The company’s rail transit business accelerated to land and won 119 million rail transit orders.
The company’s rail transit business welcomes historical moments. Recently, it won the bid for Guangzhou’s 119 trillion rail transit construction project orders, including station equipment supply, supply accompanying services and comprehensive operation and maintenance services within 15 years after the trial operation of the line, covering Guangzhou under construction and planning to be builtThere are a total of 10 new lines and extension lines of existing lines including Line 11, Line 10, Line 12, Line 18, etc. There are 140 stations with a total length of about 285 kilometers.
The winning bid accounts for 275 of the company’s 2017 operating income.
71%, the project can support the company’s higher performance in the next 4 years.
The company plans ahead and enjoys bonuses during the peak period of rail transit construction.
Based in Guangzhou and Wuhan, the company radiates its business to 18 cities across the country, and realizes the nationwide distribution of rail transit business.
In addition, the company is currently the only company with four major intelligent rail transit core technologies such as automatic ticket sales system, screen door system, comprehensive monitoring system and communication system.
Rail transit construction has entered a peak period. The company’s business advantage areas, Guangzhou and Wuhan, jointly plan to add 22 new subway lines by 2023, with a total length of 656 kilometers. The company’s forward-looking layout will help the company enjoy the rail transit bonus.
The company’s security has grown steadily, with the theme of AI + science and technology board blessing to help increase its value.
The company’s security business can maintain steady growth in 19 years due to products such as video clouds, public security guards and security platforms, and vehicle big data platforms. At the same time, the company’s share of Cloud Cong Technology is the largest provider of domestic face recognition technology.Cooperate with the field of artificial intelligence to help company officials to quickly advance the security business. With the theme of artificial intelligence and science and technology board, the company’s security business is icing on the cake.
Investment suggestion: We expect the company’s EPS in 2018/2019/2020 to be 0.
19 yuan, 0.
27 yuan and 0.
41 yuan, optimistic about the development prospects of the company’s artificial intelligence application scene to accelerate the landing, giving a “buy” rating.
Risk warning: The company’s industry is related to the fiscal budget, and there are uncertainties in the release of expenditure orders and cycles; there are uncertainties in the expansion of new services such as video cloud across the country.