Transtrue(SZ:002771)2022-12-04 10:24Company Overview - Beijing Zhen Shitong Technology Co., Ltd. specializes in integrated solutions and services for information technology and multimedia video conferencing, focusing primarily on video conferencing systems and emergency command solutions [2][3]. - The company has provided comprehensive multimedia video solutions to hundreds of important clients, particularly in key sectors such as energy, government, and finance, with over 30% of its solutions delivered to government and central enterprises [3][4]. Market Context - The video conferencing industry in China experienced rapid growth following the SARS outbreak in 2003, marking a golden decade for video conferencing vendors [4][6]. - The COVID-19 pandemic has created both challenges and opportunities, prompting the company to offer its cloud video collaboration platform for free to users until the end of the pandemic [4][6]. Business Development - The cloud video business began around 2015, addressing the need for widespread access, allowing participants to join meetings using just a smartphone [5][6]. - The company has been recognized as a key technology engineering laboratory for cloud video conferencing systems in Beijing and holds various telecommunications licenses [5][6]. Service Features - The cloud video service includes features such as data conferencing capabilities, seamless compatibility with traditional video conferencing systems, and a comprehensive meeting management platform tailored to client needs [5][6]. - During the pandemic, the company supported over 28 pandemic prevention meetings for a local government and rapidly expanded its cloud video system for a central enterprise, enabling virtual meeting rooms for hundreds of thousands of employees [6][7]. Future Outlook - The cloud video market is maturing, with advancements in CPU processing power and mobile bandwidth expected to drive explosive growth in the sector [6][7]. - The company aims to leverage its existing client resources and explore new business opportunities in areas such as smart technology and industrial internet [8][9].