share_log

瑞斯康达(603803)新股询价报告

Reskonda (603803) IPO inquiry report

華鑫證券 ·  Mar 28, 2017 00:00  · Researches

Company profile

The company is a leading provider of communication access equipment and solutions in China, continuously focusing on the research, development, manufacturing and sales of communication network access products, and focusing on enterprise integrated access equipment based on communication operators. at the same time, actively expand the business in industrial communications and other fields. At present, the company's products cover six categories: integrated access terminal products, centralized office-end products, industrial network products, private wireless network products, software products and auxiliary access products, with more than 3000 model categories. The products are used in communication operators, smart grid, intelligent transportation and other fields.

The highlight of the company

(1) in recent years, the development of Internet of things, cloud computing and other technologies has promoted the accelerated integration of information and industrialization, and the traditional industry has gradually transformed into an intelligent industry. This also puts forward extremely high requirements for network coverage and bandwidth. China has the largest number of broadband access users in the world, but the network penetration and average network speed are significantly lower than those in developed countries, and there is a huge market space in the field of network access. At present, the communication equipment industry has entered a mature stage, and the role of cost advantage in the competition is becoming more and more significant. China is expected to achieve further development and growth of the industry by virtue of the advantages of integrated manufacturing and supply chain.

(2) after years of independent innovation and continuous accumulation, the company has a number of leading domestic core technologies in ASIC chip design, packet core architecture, highly integrated converged communication system architecture, Internet of things, industrial cloud and other related fields, and has successfully developed a number of ASIC independent chips for access devices, and a large number of devices have adopted the company's independent chips. This will also lay the foundation for the company to continue to enhance its competitiveness in the next stage. Since its inception, the company has continued to focus on R & D. in recent years, the annual R & D investment has exceeded 10% of the operating income of that year.

(3) in the domestic market, the company has set up offices in 23 central cities across the country, and the domestic marketing network is in a leading position among domestic access equipment manufacturers. The company has a number of wholly-owned subsidiaries and service organizations, products are sold to the United States, India, Russia and other countries and regions of telecom operators and power, transportation and other fields. The company's brand value and influence continue to expand, in China Mobile Limited, China Telecom Corporation, China Unicom, the headquarters of the State Grid and some provincial and municipal companies, have become long-term partners and excellent suppliers.

(4) the industrialization project of intelligent packet network products in this fund-raising project is conducive to the construction of "intelligent pipeline", improve the core status of the pipeline, and provide an overall full-service solution to help telecom operators truly achieve unified access to all services. Converged communication value-added operation solutions and product industrialization projects are conducive to solving the problem of ICT network integration of government and enterprise customers. The intelligent industrial Internet of things access product industrialization project conforms to the development trend of the industrialization of the Internet of things, and is conducive to solving the problem of the "last kilometer" of the Internet of things and the industrial environment of the Internet of things.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment