Event: on October 20, the company and Huawei jointly announced the innovative 5G messaging product "5G Digital Banking" for financial institutions. Users can directly handle many financial services without installing mobile phone APP and following official account to use the new Collan 5G digital banking product. On October 16, the company issued a notice to sign a cooperation framework agreement with Hunan Xiangjiang New District Management Committee on the project "GOLDILOCKS distributed Relational Database". Cooperation content: combined with the relevant industrial advantages of Xiangjiang New area and its own development strategic layout, the company plans to set up a holding joint venture company in Hunan Financial Center. The holding joint venture company will carry out local industrial transformation of Collan distributed relational database product GODILOCKS, and cooperate with Xiangjiang Kunpeng server to promote the development of all-in-one computer industry, including but not limited to brand, technical support, R & D, sales and other work.
Comments:
At present, the database has been verified in many application fields, and orders and cooperation have sprung up everywhere. The GOLDILOCKS distributed database independently developed by SUNJE SOFT, a subsidiary of the company, was approved and / or certified by TPC on May 30, 2017. this certification has been obtained in only a few databases in the world. GOLDILOCKS database is the only database product in Asia certified by TPC-C and TPC-H. In view of its product advantages, the company has partners in many industries: at present, the main customers in China are China Unicom, Samsung Securities, SK Telecom, etc., and it has successfully adapted to the distributed financial architecture platform of China Information Sm@rtGalaxy, and there is a possibility of cooperation in the future.
Hand in hand with Huawei, the bank's digital business will continue to expand its advantages. The company and Huawei are the first to formally launch 5G messaging innovative products for financial institutions, which will help hundreds of Kolan bank financial customers to quickly use 5G new business, enable the digital transformation of the financial industry, and improve the convenience and efficiency of financial services. This time the company has set a benchmark with Huawei, and the business is expected to continue to get orders in the future. According to IDC analysis, the company won a number of firsts in the banking IT field in 2019; as the company continues to expand its influence, the banking digital business will continue to expand its advantages in the market; at the same time, the company will also enjoy the industry's magnificent demeanor and its future performance can be expected.
The digitization of the financial industry is rapidly promoted by 5G commercial, and the financial IT continues to benefit. Based on GSMA RCS UP v2.4 standard specification, 5G digital bank is a 5G digital banking product launched by the company around the operator's 5G message standard service, which is suitable for the financial service scenario of 5G message. The financial industry has been hit by the commercial landing of 5G, and the digitization process has been continuously accelerated; this new product of 5G digital banking has effectively lowered the threshold of 5G message access for industry customers. to provide industry customers with rich, convenient and personalized service solutions and efficient, safe and stable technical guarantee. Help financial customers to quickly use 5G new business, in order to seize the opportunity in the digital transformation, and continue to release new financial IT demand.
The substitution logic of database localization remains unchanged. According to the survey data of Zhiyan Consulting, by 2017, foreign manufacturers accounted for more than 80% of China's database market share; according to IDC research, international manufacturers in China's traditional relational database market were still dominant in 2019, with Oracle, Microsoft, SAP and IBM occupying the first to fourth positions in the market, with a total market share of 66.8%. The proportion of localization has increased, but with the development of Xinchuang industry, we expect the penetration space of database localization rate to increase rapidly in the future. In terms of the market as a whole, IDC predicts that China's relational database software market will reach US $3.82 billion by 2024, with an overall annual compound growth rate of 23.3% in the next five years. We believe that Xinchuang's opportunities overlay the high-profile demeanor of the database industry, and the company's database business will continue to expand in the future.
Risk factors: 1) the bidding rhythm of Xinchuang is not up to expectations, 2) the impact of the epidemic is repeated, 3) the risk of loss of core technical personnel