Xinyuan Doudou mainly works in private cloud to solve the needs of secure communication and remote collaborative work. Xinyuan Doudou is a secure communication aggregation platform based on private server and instant message. it provides secure remote collaborative office functions such as instant messaging, video conferencing, mobile attendance and clock-in, and creates a private cloud office model on the Internet. to better meet the security and confidentiality requirements of users in the party and government organs, finance, military industry and other industries. Users can integrate standard office applications on the basic platform to achieve mobile collaborative office according to their own needs. In addition, Xinyuan Doudou can expand users' internal applications into a business platform with secure communication office functions through DDIO interface, and its application rapid development platform UAP can also quickly customize the required applications according to the needs of users.
Join hands with Huawei to enter the private cloud security market, is expected to benefit from the development of Kunpeng industrial chain. In June 2019, the company signed a Strategic Cooperation Agreement with Chengdu Dingqiao Communications, a joint venture between Nokia and Huawei, and in July 2019, Beixinyuan official Weiwei announced a cooperation with Huawei to superimpose Huawei's cloud capability. work together to create a leading aggregation platform for office communications applications and enter the private cloud security market. In December 2019, the company's host monitoring and audit system and instant messaging source Doudou completed compatibility tests with Huawei Kunpeng Desktop Cloud. In January 2020, the company's antivirus system V3.0, instant messaging source Doudou V4, host monitoring and audit system v1.2 completed compatibility tests with Huawei FusionCube Kunpeng desktop cloud, and obtained three of the first seven compatibility certificates. We believe that with the ecological development of Huawei Kunpeng industry, the promotion pace of the company's products is expected to accelerate.
COVID-19 epidemic promotes the demand of telecommuting, and the emergency command and communication system of information source Doudou epidemic situation is put online.
The COVID-19 epidemic at the beginning of 2020 promoted the demand for telecommuting. Beixinyuan launched a special solution for the government, medical management units and hospitals, epidemic emergency command and communication system, using the "end-management-cloud" security architecture to achieve event reporting, event disposal, risk early warning, command and dispatching, information disclosure and zero reporting functions. In addition, Beixinyuan decided to open Xinyuan Doudou for free and some platform applications free of charge by June 30, 2020. We believe that the outbreak of telecommuting demand brought about by this epidemic is expected to speed up the promotion of Xinyuan Doudou in various industries.
Profit Forecast: it is estimated that from 2019 to 2021, the net profit of return to the mother will be 0.30 trillion yuan, respectively, and the EPS will be 0.14 yuan, 0.20 yuan, respectively. The current stock price will be given a "buy" rating corresponding to PE, which is twice as much as 358-55-38.
Risk tips: intensified competition in the industry; Xinyuan Doudou promotion is not as expected; risk of policy change
