Haoyun Technologies(SZ:300448)2022-12-04 10:06Group 1: Company Overview and Financial Performance - In 2019, the company achieved a revenue of 784 million CNY, representing a year-on-year growth of 2.50% [2] - The revenue breakdown includes: - IoT platform construction and solutions: 67% - IoT device and software sales: approximately 17% - Safe city operation business: approximately 7.5% - UWB business revenue: 63 million CNY, with a year-on-year growth of 220% [3][4] - Operating profit was 194 million CNY, with a year-on-year increase of 8.08% [3] - Net profit attributable to shareholders was 154 million CNY, growing by 10.13% year-on-year [3] - The net cash flow from operating activities was 119 million CNY, consistently positive and covering the annual net profit [3] Group 2: Business Focus Areas - The company focuses on three main areas: - Smart IoT data platform based on business engines - UWB business based on precise positioning services - Blockchain business development [3][4] - The smart IoT data platform is a low-code platform that allows rapid application development with minimal coding [4][5] Group 3: UWB Technology and Applications - UWB technology offers several advantages over Wi-Fi and Bluetooth, including: - High precision positioning (centimeter-level accuracy) - Strong stability and anti-interference capabilities - Better penetration and security [5][6] - UWB can operate over distances of up to 200 meters, while Wi-Fi and Bluetooth typically range from 10 to 50 meters [6] - The market for UWB applications is estimated to exceed 1 trillion CNY, with significant potential in enterprise-level applications and smart home technologies [8] Group 4: Blockchain Business Development - The company is collaborating with a partner to establish a blockchain joint venture, focusing on financial IoT applications [9] - Blockchain technology will enhance data accuracy and security, providing decentralized data management [9][10] Group 5: Impact of COVID-19 - The pandemic has impacted project implementation and acceptance, but the company expects minimal overall effect on annual performance due to existing orders [10] - New project bidding is gradually resuming, with expectations of stable demand from government and B-end clients [10] Group 6: Future Outlook - The low-code platform is anticipated to play a significant role in digital transformation across various industries [12] - UWB technology is expected to see increased adoption in smart homes, automotive electronics, and payment systems, with a focus on developing new industry solutions [15]