In-depth business is advancing as scheduled. The company's "380 platform" has advanced steadily, and provincial companies in Jiangsu, Guangdong, Fujian, Zhejiang, Hunan, Henan, Jilin and other regions have continued to deploy to third-tier and fourth-tier cities. At present, the company's "380 platform" has completed 2/3. Cooperation with the top three food, baby, daily, and alcohol agents in many regions is expected to complete the layout in 2017.
In-depth business is advancing as scheduled. The company's "380 platform" has advanced steadily, and provincial companies in Jiangsu, Guangdong, Fujian, Zhejiang, Hunan, Henan, Jilin and other regions have continued to deploy to third-tier and fourth-tier cities. At present, the company's "380 platform" has completed 2/3. Cooperation with the top three food, baby, daily, and alcohol agents in many regions is expected to complete the layout in 2017. While expanding the distribution of mature areas such as alcohol and daily necessities, the company has gradually expanded into new areas such as communications and beauty makeup, and its development trend is good. Since the beginning of the fourth quarter of last year, the company's in-depth business upgrade in key areas has progressed as scheduled, and it is expected to double in size in the first quarter, laying a good foundation for the high growth of in-depth business throughout the year.
Supply chain finance is the icing on the cake. The company's Yu Shang Financial recently released the "Supply Chain Financial Services Platform Strategy" and launched the online platform-Yu Shang Financial Management. The platform is positioned as an Internet supply chain financial platform and has reached strategic cooperation with Weizhong Bank and other companies. During the two-month trial operation period from the beginning of the year, the transaction volume exceeded 100 million yuan, and the cumulative number of registered users reached more than 10,000.
The company's supply chain financial business is based on the derivative of existing business, and can more effectively realize the "four-flow" of business flow, logistics, information flow and capital flow, which can not only meet customers 'various financial needs, but also better carry out risk control. With the development of deep business, the supply chain financial business is expected to gain more space for development. In the supply chain business ecosystem actively built by the company, its position as a core enterprise is expected to be further strengthened.
The innovation model leads to the reform of the circulation industry. In the traditional "production supply chain service" field, the company has established a leading position in the industry. On this basis, the company constantly carry on the strategic upgrade, leading the domestic supply chain service industry development. In the future, the company will use the 380 platform as its core carrier, covering 5 million stores, forming a "terminal alliance" of domestic small and medium-sized retail stores, and building a supply chain business ecosystem. The company's business has started from the line and gradually extended to the line. It will lay a solid foundation for ecological strategy. The company's business growth is more vivid. It is expected that in 2018, Yiyatong's supply chain ecosystem business will reach 100 billion. EPS is expected to be 0.49, 1.01 and 1.69 yuan in 2015-1017, and PE is 66x, 32x and 19x, respectively. Considering the company's high growth in the future, maintain the rating "buy".
