UniStrong(SZ:002383)2022-12-06 02:32Company Overview - Beijing Huzhong Sizhuang Technology Co., Ltd. is one of the earliest companies in China's satellite navigation and positioning field, established in 1994 with the vision of becoming a global leader in high-precision professional products and services in the spatial information domain [1]. Business Focus - The company focuses on Beidou high-precision mobile internet applications, characterized by "precision and professionalism," targeting dynamic high-precision positioning markets such as surveying, agricultural automation, and mechanical control [2]. - The company has completed a full industry chain layout, integrating satellite navigation with various technologies, including communications and internet applications, indicating a broad application prospect [2]. Market Opportunities - The high-precision application market is mature in China but presents significant growth opportunities in Southeast Asia, Africa, and Russia, with potential for domestic products to replace European and American counterparts [3]. - The precision agriculture market has low penetration rates, indicating substantial future growth potential, especially in domestic and overseas markets for small to medium-sized tractors [3]. Product Development - The company has developed the "China Time" synchronization system, which has strategic importance for the country, and aims to enhance the domestic application of Beidou timing solutions [3]. - The "China Position" service platform provides public location services for cities and small businesses, integrating urban and industry data resources, which is crucial for future smart city developments [4]. - The "China Precision" system is the fourth commercial satellite-based augmentation system globally, offering centimeter-level positioning accuracy, which strengthens the company's competitive edge in high-precision fields [4]. Positioning Services and Revenue Model - The positioning service business relies on the "China Position" spatial data cloud platform, with three revenue models: providing platform services to SMEs, specialized operational services to industries or cities, and data services to governments or industries [5]. Strategic Partnerships - The company has signed a strategic cooperation agreement with China Yituo Group to advance agricultural machinery automation technology and develop high-precision agricultural control products [6]. - The partnership with ofo involves providing positioning terminals and operational platform support [5]. Growth Factors - The high-precision business is expected to grow significantly in the coming years, driven by differentiation in domestic markets and expansion into overseas markets [6]. - The company has a high global market share in marine positioning, with future applications extending to robotics and drones [7]. International Market Dynamics - The overseas market growth is primarily due to the localization of existing products and some new market opportunities, particularly in Southeast Asia [7]. Aviation Sector Integration - Civil aviation airport scheduling requires high-precision applications, and integrating spatial information technology with traditional scheduling systems will enhance information systems and services in the aviation sector [7].