Focus technology: the new integration of information technology and education opens up a new space for Internet education.

With the help of the policy spring breeze of educational informationization and the first-Mover advantage in educational resources, the company will fully enjoy the blue ocean of Internet education with a level of 100 billion, and the Internet education model of "cloud+data+terminal+application" is expected to gradually land. We expect that the company's performance is likely to be accelerated. We maintain the forecast of EPS 65,438+0.39/65,438+0.68 yuan in 2065,438+05, give it a P/E ratio of 65,438+050 times in 2065,438+05, and raise the target price from 65,438+039 yuan to 208.

Gaohong shares: still in the strategic investment period, optimistic about the potential of the Internet business sector.

(1) The revenue of IT chain retail business is based on reducing costs and increasing efficiency; The enterprise information business sector and information service business sector (Internet business) facing future strategic investment have grown substantially.

The company has made remarkable growth in new business areas facing future strategic investment, and completed the transformation from traditional IT sales business to enterprise information application service provider. The income of traditional IT sales business declined slightly, and the business structure was adjusted, gradually compressing the business sector with smaller gross profit and tilting towards the high gross profit sector.

(2) The Internet business layout has achieved initial results and has great potential.

Santai Holdings: The advantages of O2O strategic layout in Suyi Community are highlighted

This year, the express delivery business has entered an accelerated growth period, and the huge user base and large user value have also created conditions for the rapid growth of the company's express delivery business income. If the company achieved revenue of 32.97 million yuan in the first quarter, the company expects to achieve revenue of 400 million yuan in 20 15. Among them, the basic income includes half of the express delivery business income. We think that by the end of this year, it will be a high probability that the express delivery income will exceed 400 million yuan: with the convenience and efficiency of express delivery business becoming more familiar to couriers and users, the turnover rate of smart cabinets will continue to increase, bringing more revenue; In the future, with the rapid development of express delivery business and the increase in the number of users and frequency of use, the screen advertising value of the company's smart cabinets will be further enhanced.

Tenbon International: participated in the establishment of mutual life insurance companies, and the internet insurance layout was more perfect.

Tenbon International announced on June 5, 2065438/KLOC-0: In order to optimize the business structure, broaden the business scope, promote the strategic layout of the company in the fields of Internet finance and mutual insurance organizations, participate in the innovative development of inclusive finance, and enhance the comprehensive competitiveness, the company will lend its own funds of 50 million yuan to participate in the establishment of mutual life insurance companies (or organizations) without affecting the development of its main business. After lending money, it plans to

Comments on the first quarterly report of Beijing 20 15: The performance is in line with expectations, and we are fully exploring new scenarios of Internet insurance.

The performance met expectations. In the first quarter of 20 15, the company realized an operating income of 37,822,500 yuan, a year-on-year decrease of 7.23%; The net profit attributable to the owners of the parent company was 6,543,808,637 yuan, down 654.38+02.64% year-on-year; Earnings per share was 0. 14 yuan, which was in line with expectations.

The decline of traditional business income is mainly affected by MAS business that operators strengthen control. In the first quarter of 20 15, the company's main business was basically carried out normally, but due to the strict control of channel resource allocation by major domestic telecom operators, settlement delay, contract renewal and other reasons, the income of MAS business decreased by 60.37% compared with the same period of last year.

The high valuation of Zhongan Insurance highlights the great prospect of Internet insurance business. As the only company with Internet insurance business license in China, Zhongan Insurance achieved revenue of 790 million yuan and net profit of 33 million yuan in 20 14, and its current valuation has reached 64 billion yuan. Zhongan Insurance's ultra-high P/E ratio highlights the broad prospects of Internet insurance: First, Zhongan Insurance was established 1 years before it achieved profitability, which is extremely rare in the traditional insurance industry; Second, Zhongan Insurance's quarterly performance grew rapidly. In 20 15 years, it is estimated that the premium of existing products will increase by more than 220%.