What happened: the company released its quarterly report.
Revenue growth accelerated in the first quarter. In the first quarter of 2021, the company achieved operating income of 1.57 billion yuan, an increase of 18.48% over the same period last year, and net profit of 69.0117 million yuan, an increase of 7.91% over the same period last year.
Led by Dianke Digital, United Electric Group released China's first city-level, high-security, open city-level security management platform for the Internet of things. In the only product release session during the 2021 China Electric City Digital Governance Summit Forum on April 24, China Electric launched the first independently developed city-level security management platform for the Internet of things, "Dianke" Haishi. The platform is based on the open architecture of China Electric Technology Kaiwu, adapted to the completely highly reliable home-made and self-controlled computing environment of Shenwei, led by Dianke Digital, and independently developed by the dominant forces of Dianke Group. It is China's first city-level, high-security and open city-level security management platform for the Internet of things, and has formed a perfect city-level open Internet of things standard system, including 15 international standards. By the end of the Summit Forum, the platform had actually landed on 15 ground lines, including Xiongan New area and Shanghai, with cumulative access to more than one million IoT terminals. Shanghai alone imported nearly 200 types of sensing terminals and 510000 IoT sensing devices, with an average daily data increment of 8.4 million pieces of data. At the same time, it has formed an Internet of things ecological alliance with more than 50 leading enterprises, helping more than 30 Internet of things scenarios in more than 10 industries, and continuously injecting vitality into the operation and development of Shanghai's "one-network" municipal Internet of things operation center and Shanghai's urban digital transformation.
Dianke Digital (32) makes every effort to ensure the successful launch of the long March 5B rocket and the Tianhe module.
Relying on the basis of more than 50 years of research and development of aerospace computing products, Electrical Digital (32 Institute) continues to give full play to the advantages of independent support and technological innovation in the launch mission of the long March 5B remote two rocket. rocket-borne products such as long March 5B remote two rocket booster servo controller and rocket time instruction converter have been developed, which has played an important role in ensuring the successful launch of the long March 5B remote two rocket. As an important electronic equipment of the long March 5 B remote 2 launch vehicle system, the booster servo controller is mainly responsible for controlling four booster servo mechanisms to promote the engine swing and realizing the function of the long 5 rocket booster servo system. The time instruction converter is used to measure the command parameters of the booster control system of the long March 5B remote 2 launch vehicle to complete the measurement function of the booster control system.
Investment advice: the company recently issued three important announcements: the acquisition of Yaxun Network and Baifei Electronics, the launch of the largest equity incentive in the company's history, and the proposed renaming to China Electric Power Digital Technology Co., Ltd., the company has two top "national team" strategic shareholders of China Electric Power Group and China Arms equipment Group, and is located in the rare listed company platform of Shanghai, the world science and technology innovation center. No matter the major shareholders' new vision for the positioning of the company's asset securitization platform or the asset quality of the main business, as well as focusing on the digital transformation and development of the industry, are undergoing profound "qualitative changes" by leaps and bounds, and we are firmly optimistic about the company's broad development prospects. considering that the audit and evaluation of the underlying assets of this reorganization has not yet been completed, the estimated valuation and proposed pricing of the underlying assets have not yet been determined, out of the principle of prudence. Do not consider the proposed acquisition of asset performance thickening, the company is expected to 2021-2022 EPS of 0.90 yuan, 1.07 yuan, to maintain the buy-A rating.
Risk hint: the restructuring progress is not as expected.