The company's main business is to provide multimedia information system industry application solutions and services, including multimedia conference system, emergency command center system, science and technology court system and other industry multimedia information systems and solutions, among which multimedia conference system business occupies a leading position in China.
The company has formed a relatively complete business system, which can provide customers in different industries with integrated services, including scheme design, software research and development, software and hardware integration and operation and maintenance. the market covers large and medium-sized enterprises, party and government organs at all levels, the military, justice, information and communications, finance, culture, education and health and other fields. Through independent research and development, the company has mastered a number of industry-leading expertise, has rich project implementation experience, and completed many typical projects with influence and demonstration effect.
At present, multimedia information system is constantly infiltrating from traditional multimedia conference, emergency command and other fields to telemedicine, multimedia distance learning and all kinds of commercial applications, and continues to develop to customer terminals, and the market scale will be further expanded.
There are many enterprises involved in the multimedia information system industry in China, the market concentration is not high, and the competition is fierce. Enterprises with high business qualifications and rich project experience, and can provide tailor-made professional solutions and personalized services have strong competitiveness.
From 2012 to 2014, the company realized operating income of 663.6082 million yuan, 580.4582 million yuan and 587.9422 million yuan, up 19.24%,-12.53% and 1.29% respectively over the same period last year. The net profit attributed to shareholders of the parent company was 4653.43 yuan, 3720.26 yuan and 38.1059 million yuan, up 2.57%,-20.05% and 2.43% respectively.
The company's A-share fundraising will be mainly used for multimedia conference system platform development, emergency command center system support platform development, science and technology court system platform development projects.
It is estimated that the diluted EPS of the company after issuance in 2015-2017 is 0.54 PE50 0.71 yuan, and the reasonable valuation range of the secondary market is 27 yuan-31 yuan, corresponding to 58 times of 2015.
Risk tips: fluctuating market demand, fierce competition, lower-than-expected performance growth, etc.