Hailian Jinhui (002537): New strategy of financial big data drives a new round of take-off

Hailian Jinhui (002537): New strategy of financial big data drives a new round of take-off

Intelligent manufacturing and fintech are driven by two wheels. The new strategy of big data finance helps the company take off in a new round.

Hailian Jinhui acquired the advantages of linkage in 2016 and transformed it into a “smart manufacturing + financial technology” two-wheel drive technology company.

The fintech industry includes mobile information services, third-party payment services, big data services, operator pricing and settlement services, and cross-border e-commerce service businesses; the smart manufacturing industry is mainly the upgrading and transformation of traditional businesses, 杭州夜生活网 mainly automotive parts, home appliance parts, etc.

2019Q1 is expected to achieve a net profit of 1.

23-1.

510,000 yuan, an annual increase of 30% -60%.

Third-party payment services have a long history and multi-scenario precipitation of data value.

The linkage advantage is the largest mobile industry chain service provider in the three major areas of cross-integrated payment, intelligent financial information services, and mobile local multi-application services. The third-party payment market share is the fourth in China.

Self-developed “Linked Huishang +” cloud platform to connect with various O2O payment scenarios, establish a one-stop open sharing platform with merchant membership management, marketing, payment, financing and other functions, develop a profit sharing account system, a new retail payment system,Fund management in transit, aggregate payment systems and supply chain credit services.

The mobile information service business merges the bank’s short message market blocks, and the development of data resources enables the promotion of financial big data.

The advantages of linkage have deeply cultivated the bank’s short message market for more than ten years, and provided B-MAS operation support services to more than 20 bank head offices and credit card centers, such as the establishment of diplomatic relations between China Construction Engineering and Industry.

Hailian Jinke’s strategy was upgraded, and the comprehensive financial service platform set sail.

With the expansion of the loan balance and the sinking of the service population, risk control has become the key to expanding profit margins.

Last year, the company established its subsidiary Hailian Jinke (Beijing) Financial Technology Co., Ltd. with its own capital of 1 million US dollars. With the help of big data and artificial intelligence technology, it has quickly realized a systematic product portfolio, providing customers from acquisition, marketing, and wind.All kinds of comprehensive services controlled by the company will eventually enable financial institutions such as banks, securities and insurance to be reached.

Investment rating and estimation: Net profit is expected to be 4 in 2018-2020.

29 trillion (1 after deduction of goodwill.

3.9 billion), 6.

810,000 yuan, 8.

91 trillion, corresponding to EPS are 0.

34 yuan (0 after deducting goodwill.

11 yuan), 0.

55 yuan, 0.

71 yuan.

Give a “strong recommendation (upgrade)” rating.

Risk reminders: third-party payment market competition risks, fintech industry policy risks, raw material price risks in traditional industries, goodwill impairment risks, new and old management team integration risks, etc.