Sunwave(SZ:002115) Zheng Quan Shi Bao Wang·2025-04-28 03:34Core Viewpoint - The company, Sanwei Communication, reported a revenue of 10.949 billion yuan for the year 2024, demonstrating resilience amid a complex global economic landscape and industry challenges [1] Group 1: Satellite Communication Business - The satellite communication business achieved significant growth, with revenue reaching 173 million yuan, a year-on-year increase of 13.91%, driven by continuous innovation [2] - The subsidiary, Haiwei Tong, is recognized as the first professional international satellite operator serving maritime terminal customers in China, with over 3,000 vessels' operational experience [2] - Haiwei Tong provides comprehensive satellite broadband access and vertical application services, addressing network coverage challenges in marine, remote, and overseas construction scenarios [2] Group 2: Strategic Partnerships and Product Innovation - In 2024, Haiwei Tong deepened strategic partnerships with global satellite operators, enhancing its satellite network resources and advancing the commercialization of integrated satellite communication services [3] - The launch of the Sea Cube platform, designed for smart ocean applications, incorporates innovative features such as cloud integration and digital security, enhancing vessel intelligence and operational efficiency [3] Group 3: Ecosystem Development - Haiwei Tong is promoting deep integration of industry, academia, and research, collaborating with various enterprises and universities to explore development paths aligned with national marine strategies [4] - The company upgraded its internal digital management system, improving operational efficiency and compliance levels, laying a solid foundation for a new global smart ocean service ecosystem [4] Group 4: Tower Operations and Financial Performance - The subsidiary, Xinzhan Technology, reported a revenue of 160.4949 million yuan in 2024, reflecting a 47.67% year-on-year growth, with nearly 10,000 existing sites [5] - The company is enhancing its operational capabilities through professional management and cost optimization, achieving a cumulative bidding amount of 430 million yuan in equipment business [5] Group 5: Security Communication Products - The company expanded its security communication product range, signing contracts with multiple benchmark clients and establishing a provincial-level demonstration project [6] - Participation in various international and domestic security product expos has strengthened the company's brand influence and market competitiveness in communication security [6] Group 6: Future Outlook - The company remains optimistic about opportunities arising from 5G development, planning to actively participate in operator procurement markets and collaborate on core projects in satellite communication and 5G infrastructure [7] - As global 5G construction progresses, the company aims to address the "last mile" network coverage issues, creating substantial growth opportunities [7]