Events. Chengmai Technology announcement on December 31, 2019: Chengmai Technology received the subsidiary Wuhan Chengmai Company, Wuhan Chengmai equity transfer and industrial and commercial change registration procedures have been completed, Wuhan Chengmai has obtained the "Business license" issued by Wuhan Market Supervision Administration. After this industrial and commercial change, Wuhan Chengmai will become a wholly-owned subsidiary of Tongxin Software, and Chengmai Technology will hold a 44.44% stake in Tongxin Software.
The boots fell to the ground and the uncertainty was further eliminated. The successful completion of the transfer of equity transfer and industrial and commercial change registration procedures in Wuhan Chengmai means that Wuhan Chengmai has become a wholly-owned subsidiary of UniCredit Software and the related matters related to the 44.44% equity stake in Chengmai Technology holding UniCredit Software have been landed. Asset evaluation stage, industrial and commercial registration stage and other possible uncertainties have been eliminated.
Deepin V20 Professional Edition is expected to be released in January 2020, and the new version will create an innovative environment for domestic operating systems. On November 23, 2019, the Ninth in-depth developer and user Conference was held in Beijing, where the new changes, features and features of Deepin V20, a deeply new operating system, were officially introduced. Partners in Huawei, Godson Zhongke, iFLYTEK, Sogou input method and other industry chains respectively demonstrated application solutions based on the latest deep operating system deepin V20 around the chip, machine, application software and other aspects. The Deepin V20 Professional version was released in Beta in mid-December 2019, and the final version is expected to be released in January.
The adaptation work is going on smoothly, and the complete ecosystem is gradually established. According to WeChat, the unified operating system UOS Loongxin version was launched on December 13; on December 17, it was convinced that SSL VPN was adapted to the unified operating system UOS; on December 19, Hexinchuang Tianyun desktop was adapted to the unified operating system UOS; on December 23, the domestic general CPU and unified operating system UOS were adapted; on December 25, the entire range of Godson 3A/B4000 products was adapted to the unified operating system UOS. On December 26, WPS was adapted to the unified operating system UOS, and on December 30, Tongxin completed the mutual verification of compatibility with Tongfang Youyun.
Maintain a "buy" rating with a target market capitalization of 15 billion. Domestic operating system leader for the winning Kirin, Tianjin Kirin and Deepin and other manufacturers, in the mainstream trend, winning Kirin, Tianjin Kirin, Deepin is expected to replace foreign manufacturers to become the domestic mainstream operating system. Continue to maintain a "buy" rating.
Risk tips: Tongxin software development is not as expected, customer expansion is not as expected, and competition in the operating system market is intensified.
