Lithium battery pack products are developing rapidly, and the future market space of Baicheng products is broad. Shanghai Vida subsidiary Baicheng began to produce lithium battery packs and chargers in 13 years, and developed rapidly in 14 and 15 years, and the products were mainly supplied to Jiangsu Dongcheng and Germany Anhai. The company is giving RADIOFLYER to do Tesla authorized baby car toy battery packs, chargers, switches and other supporting products, the domestic driving scooter, balance car lithium battery pack products are also under development, according to our calculations, the company's switch products and lithium battery pack products in the future market space can reach 5-635 million and 10.62-12.74 billion The total revenue of Aveo in 2014 was 120 million yuan, and there is still a broad space for future market expansion.
The reform of Jinan is just in time. The company acquired Jinan First machine in 13 years, because the first machine has been in a state of loss for a long time, the company has begun to start the reform measures of the first machine. We believe that the company's acquisition of DeMaico, with its technology and experience advantages in automation and intelligence, is expected to help open the reform situation and achieve a turnaround in business.
Profit forecasting and valuation analysis. We expect the company's net profit in 16-17 years to be 126 million yuan and 152 million yuan respectively, and fully diluted EPS16-17 years to be 0.30 yuan and 0.36 yuan respectively. Shandong Weida headquarters stable operating performance, DeMaike 16-17 years high probability will achieve rapid growth, especially in the field of logistics automation, the future with the rapid growth of e-commerce, logistics industry, "four to one" gradually listed, the company's related performance growth is most noteworthy. We give Shandong Weida Company 16-year 50-55 times PE valuation, is expected in the next six months the target price of 15.00-16.50 yuan/share, we give a buy rating.