Gosuncn(SZ:300098)2022-12-03 10:20Group 1: Financial Performance - The total revenue for the reporting period was 3.563 billion yuan, representing a year-on-year growth of 59.27% [5] - The net profit attributable to the parent company was 540 million yuan, with a year-on-year increase of 32.16% [5] - Revenue from IoT connections and terminals was 1.656 billion yuan, accounting for 46.48% of total revenue [5] - Revenue from police terminals and information applications was 180 million yuan, making up 5.06% of total revenue [5] - Revenue from software systems and solutions reached 1.727 billion yuan, representing 48.46% of total revenue [5] Group 2: Industry Breakdown - Revenue from the public security sector was 1.625 billion yuan, accounting for 45.62% of total revenue [6] - Revenue from the transportation sector was 1.170 billion yuan, representing 32.84% of total revenue, with vehicle networking products generating 607 million yuan (17.04%) and electronic license plates contributing 215 million yuan (6%) [6] - Revenue from the telecommunications sector was 614 million yuan, making up 17.22% of total revenue [6] - Other industries generated 154 million yuan, accounting for 4.31% of total revenue [6] Group 3: Research and Development - R&D investment for 2018 was 406 million yuan, constituting 11.39% of total revenue [6] - The number of R&D personnel accounted for 34.84% of total employees [6] - The company plans to maintain R&D investment at over 10% of revenue in 2019 [6] Group 4: Strategic Focus - The company is focusing on two main business areas: vehicle networking and standardization of public security law enforcement [5] - Organizational restructuring has been implemented to support the development of these core business areas [6] - The company aims to transition from project integration to product management, enhancing its core competitiveness [10] Group 5: Market Outlook - The vehicle networking market is expected to grow by approximately 50% in 2019 [7] - The overall market size for public security law enforcement standardization is projected to reach 40-50 billion yuan [9] - The company holds about 40% market share in the law enforcement software platform sector [9]