Event: the company released its mid-2020 report, with revenue of 210 million yuan in the first half, an increase of 41.45% over the same period last year, and a net profit of 7.3217 million yuan, an increase of 96.49% over the same period last year.
The performance is in line with expectations, public network + private network two-wheel drive, with 5G end-to-end full product line.
In the first half of 2020, the company is doing well and its performance is growing at a high speed. Even under the influence of the epidemic, the company's Q2 achieved revenue of 187 million yuan in a single quarter, an increase of 42.63% over the same period last year. The company has more than 15 years of history of the established private network equipment manufacturers, products cover a number of private network subdivision areas. After years of development, the company has become the only domestic enterprise besides Huawei, ZTE and Nokia Bell that can provide complete 4amp 5G communication solutions, and has become one of the few manufacturers in the world with core network equipment supply capability. it has formed a full network product system covering public network communication and private network communication, including core layer, aggregation layer and access layer. Widely used in telecom operators, government emergency, smart cities, coal mines, power and other customers.
Overseas business to achieve a breakthrough from 0 to 1, to undertake major multinational projects. The company's products, technology and services have been recognized by overseas telecom operators and continue to cooperate. The market has expanded from domestic to overseas, entering more than 30 countries and regions, including Asia-Pacific, Europe, South America, etc. The company's customers include Indian State-owned Telecom (BSNL), Japan Softbank Corp. (Softbank), Indian TATA, Philippine long distance telephone Company (PLDT), British Jersey Telecom (JT), Italy Tiscali, China Telecom Corporation, China Unicom, etc., with more than 20 million subscriber lines. At present, the company has delivered a number of overseas projects, as the impact of the epidemic is eliminated, overseas business is expected to accelerate development.
Fund-raising projects enhance the core competitiveness and benefit from the construction of 5G network. The company's fund-raising direction is mainly in 5G related fields, including 5G core network equipment development project, next-generation Internet broadband access equipment development project, emergency command and decision analysis system development project and product research and development center construction project. 5G is not only the head of the "new infrastructure", but also a strategic infrastructure for high-quality economic and social development. 5G is also accelerating the process of digital transformation in various industries, giving birth to more new application scenarios, new construction models and new business models. The company is expected to deeply benefit from 5G network construction and continue to expand market space.
Risk hint: overseas epidemic control is lower than expected; 5G construction progress slows down
