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360鲁大师控股有限公司(3601.HK)

360Masters Holdings Limited (3601.HK)

致富證券 ·  Sep 26, 2019 00:00  · Researches

An overview of integration

The collection company develops a series of personal electronics and mobile equipment tools, which are not required to provide users to pick up online traffic, and further progress is achieved through online notification and online service changes and through the sale of power equipment. The set of tools and tools is a dedicated hardware and system monitoring and control tool for a personal computer / smart phone. According to Frost Sullivan, for the year ended December 31, 2018, it is the largest provider of personal computer and smart phone hardware and system equipment and monitoring solutions in China in terms of customer base. Based on the monthly consumption of personal computers and mobile devices, the monthly consumption rates are 98.8% and 58.9%, respectively.

In April 2019, the monthly household consumption of collection products was 125 million, including 120 million for tools and 4.9 million for warehouses, 104 million from China and 21.5 million for products in overseas markets.

Negative factor

If the collection company fails to maintain its innovation and provides attractive products and services to attract and retain or retain customers, there will be less exposure of online advertising and mutual trading value-added services, which will have a significant negative impact on the collection business and prospects.

The translation is provided by third-party software.


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