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北信源(300352)公司研究:安可后应用新亮点 信源豆豆加速推广

Research of Beixinyuan (300352) Co., Ltd.: application of new bright spot Xinyuan Doudou after Anke

國盛證券 ·  Dec 4, 2019 00:00  · Researches

Event: according to the company Interactive easy, Xinyuan Doudou has been deployed and applied to many government, military, financial and energy industry units, such as the Ministry of Public Security, Internet Information Office, Aerospace Science and Industry Group, Bank of China Ltd., people's Bank of China Clearing Center, and so on, since its launch, which has been widely praised by industry users.

After years of technical precipitation, the company has launched a new generation of Internet security aggregation channel-Xinyuan Doudou. Xinyuan Doudou is an aggregation platform based on private server and instant messaging, combined with years of technology accumulation of information security, privacy protection and industry insight. through a variety of technical means, the company has realized the high security of instant messaging, the high privacy of private data and the importance of protection means on Xinyuan Doudou. Secure communication aggregation is provided from server security, data encrypted storage, communication link protection, user identity protection, platform security management, private chat and other dimensions. at present, Xinyuan Doudou products have completed the comprehensive adaptation of the localization platform and its technology from server to client, from operating system to database, from middleware to encryption algorithm.

Application software has become the key to the industrialization of Anke, and the value of Xinyuan Doudou mobile office platform is prominent. Under the catalysis of policy, technology and market, the progress of Anke is very obvious, and the market space of Anke-related software and hardware products and services is expected to reach the trillion level. At the same time, domestic application software has become the key to the ecological construction of domestic operating system. Xinyuan Doudou is equipped with an open platform, adding cloud disk applications, mail systems, attendance systems, examination and approval, schedule management, video conferencing, live meetings and other high-quality standard office applications to quickly achieve mobile office, and the value of the platform is prominent.

Government, military and energy multi-industry units have been applied, and Xinyuan Doudou has joined hands with Huawei to speed up the promotion. Since its launch, Xinyuan Doudou has been deployed and applied in the Ministry of Public Security, Internet Information Office, Aerospace Science and Industry Group, Bank of China Ltd., people's Bank of China Clearing Center and many other government, military, financial and energy industry units, and has been widely praised by industry users. The company signed a strategic cooperation agreement with Dingqiao Communication to accelerate the channel promotion of domestic security products represented by Xinyuan Doudou, which is expected to be promoted on a large scale in the party, government and military, large-scale enterprises and overseas areas.

Investment suggestion: under the catalysis of policy, technology and market, Anke ushered in the policy landing, and a number of products of the company were shortlisted in the "Purchasing list". At the same time, the company's source Doudou was applied in the government, finance and other fields. It is estimated that the company's revenue from 2019 to 2021 will be 739, 920, 1.87 million, respectively, and its net profit will be 2.08, 315, and 486 million, respectively, maintaining its "buy" rating.

Risk tips: increased competition in the industry; government investment in security information products is not as expected; Xinyuan Doudou promotion is not as expected; key assumptions may have the risk of errors.

The translation is provided by third-party software.


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