At present, the core product of the leading military electronic information equipment supplier is command and control information processing equipment.
The company is mainly engaged in the development and sales of military electronic information equipment, and its main products are a series of information processing equipment, such as command and control information processing equipment, software radar information processing equipment, portable wireless command terminals, other information processing terminals and special modules, which widely cover all arms of the army, and have entered the air force, rocket army and other services. At present, a number of products independently developed by the company have been finalized and entered the stage of mass production, and have become an important domestic supplier of military electronic information equipment. 2020H1, the company achieved revenue of 295 million yuan, including command and control information processing equipment 277 million yuan (accounting for about 94%), software radar information processing equipment 5.34 million yuan (accounting for about 2%).
A number of products have been finalized or selected, and the company has entered a period of high-speed growth. Many of the company's products have been stereotyped separately or matched with the weapon system, including fully reinforced command and control information processing equipment, portable full reinforcement command and control information processing equipment, * indication radar information processing equipment, meta-computing terminals, * display and control terminals and so on. The company's products have been won or selected many times in the competitive bidding and competitive negotiations, and some of the products have been mass-produced. As many of the company's products gradually entered the stage of mass production or stereotyping, driving rapid growth in performance, the company achieved a compound annual growth rate of 348% in revenue from 2017 to 2019. The return net profit quickly reversed from a loss of about 36 million yuan in 2017 to a profit of 218 million yuan in 2019.
Deep ploughing intelligent wireless ad hoc network technology, the prospect of new products equipped with self-developed chips is promising. In the military communication system, it is necessary to use the self-organization combination of communication nodes to build a wireless communication system with invulnerability, self-healing and self-organization, and is developing in the direction of software-defined communication and intelligent communication. The company's intelligent wireless communication technology has independent intellectual property rights from the physical layer to the data link layer, from hardware to software, and can realize communication in a complex electronic environment and without infrastructure, which is mainly used in portable wireless command terminals. Chinese weapon K unit has issued a preparation notice of the situation display terminal to the company (the sales amount is about 15 million yuan), which is expected to generate sales revenue in 2020. In order to fill the gap of baseband processing chips in China's broadband ad hoc network, the company has launched the research and development of related products, 2019
Risk hint: the intensification of industry competition brings the risk of market share change or product price reduction.