S&X(002298)2022-12-05 02:36Company Overview - Founded in May 1998, listed on Shenzhen Stock Exchange in 2009 with stock code 002298 [3] - Initial registered capital of 69.15 million yuan [3] - Focus on smart technology and information industry, emphasizing "independent control and domestic substitution" [3] Research and Development - R&D team size reached 371 by the end of 2019, expected to grow to 500 by the end of 2020 [4] - R&D expenditure in 2019 was 135 million yuan [4] - Established multiple R&D centers across cities like Beijing, Xi'an, and Chengdu [4] Core Technologies - Four main categories of core technologies: multi-dimensional intelligent sensing, embedded cloud storage, distributed heterogeneous computing, and intelligent big data application [4] - Comprehensive technology framework covering hardware and software, including internet and IoT applications [4] Product Lines - Four competitive product lines: intelligent sensing devices, mass storage devices, high-performance computing devices, and intelligent application software [4] - Over 400 domestic and international patents, and more than 600 software copyrights [4] Project Performance - Over 30 billion yuan in project orders with a 100% acceptance rate and 0 major complaint rate [5] - Focus on various smart applications including smart governance, big data centers, and smart transportation [5] Business Model - Revenue sources include product sales, service income, and operational income [5] - Standardized solutions enhance project implementation speed and reduce costs [5] Financial Performance - 2019 revenue of 2.756 billion yuan, a 12.20% increase year-on-year; net profit of 285 million yuan, a 62.91% increase [6] - 2020 half-year revenue of 1.211 billion yuan, net profit of 157 million yuan, a 37.62% increase [6] - Projected net profit growth of 50%-100% for the first nine months of 2020 [6] Future Development Strategy - Aim to become a leading enterprise in the smart technology sector globally [10] - Commitment to providing Chinese solutions, standards, and technologies worldwide [10] - Focus on the growing market for intelligent and smart solutions [10]