MONTNETS TECHNOLOGY(SZ:002123)2022-12-07 08:31Group 1: Company Overview - Rongxin Electric Power Electronics Co., Ltd. focuses on mobile information services, primarily supporting enterprise-level communication services, intelligent traffic management, and mobile IoT [1] - The company was established in 2001, initially engaging in SP business, and shifted to enterprise-level SMS applications after 2007 [1] Group 2: Business Performance - The enterprise SMS business has seen rapid growth, with revenue contributions from the financial sector at approximately 35%-40%, and over 80% of domestic internet companies as clients, contributing around 45% to revenue [2] - The company holds the leading market share in the enterprise SMS sector, accounting for about 3-4% of the market, with potential for further growth [2] Group 3: Growth Metrics - The enterprise SMS business has experienced a compound annual growth rate (CAGR) of 60%-70% since 2012, with current revenue continuing to grow rapidly [3] - The volume of SMS sent by clients has increased significantly, from 100,000 messages per month to over 200 million messages per month [3] Group 4: Intelligent Traffic Management - The company launched intelligent traffic management services in July 2015, signing contracts with 70-80 clients, including major companies like Tencent and Wanda Group [4] - The market size for forward traffic is estimated at 500-600 billion, with a prediction that 40% will shift to a backward payment model [4] Group 5: Future Plans - The company plans to enhance market share in the enterprise SMS sector without acquiring competitors, focusing on leveraging its scale and customer base [5] - In the audio and video communication sectors, the company may consider cash equity partnerships, with potential for full acquisitions in the future [5]