The company released its annual report for 2020, with an operating income of 3.211 billion yuan, an increase of 45.57% over the same period last year, and a net profit of 315 million yuan, an increase of 191.95% over the same period last year.
The company issued a performance forecast for the first quarter of 2021, with a profit of 45 million yuan to 56.24 million yuan, an increase of 100% per cent over the same period last year.
Strategic transformation AIOT. With the AIoT intelligent Internet of things management and control platform as the core, the company provides five application units: IBMS integrated management, EMS energy management, FMS operation and maintenance management, BIM 3D visualization, and APP mobile operation and maintenance at the back end, while the front end provides APP application management to promote the company's active transformation from hard to soft.
The performance exceeded expectations. In the year of the epidemic in 2020, the company's revenue increased by 45.57% year-on-year to 3.211 billion yuan, and the net profit returned to its mother was 315 million yuan, an increase of 191.95% over the same period last year. The total amount of contracts and winning orders signed by the company is 4.395 billion, which is 57.31% of the same period last year, and the orders are full.
The winning bid for a major project in the field of pan-intelligent architecture shows its strength. As the leading enterprise of domestic construction informatization, the company has won the bid for many important projects, such as China Zun, Shang Bao Building, Ayre Ophthalmology and so on.
Qianhai Guiwan Park intelligent project software contract amount of more than 10 million yuan, the company's software transformation has taken a solid step.
Investment suggestion: as the leading enterprise of domestic construction informatization, the company is actively transforming to the direction of software. It is estimated that the company's EPS from 2021 to 2023 will be 0.21,0.31 and 0.45 yuan respectively, covering the buy rating for the first time.
Risk tips: AIOT transformation is not as expected; rail transit, medical information construction cycle is not as expected; industry competition is intensified.
