南凌科技(300921) - 2022年11月3日投资者关系活动记录表

Business Overview - Naling Technology has established a new business structure focusing on three core areas: Lingwang Services, Lingyun Services, and Digital Engineering [2] - Lingwang Services provides traditional enterprise private network solutions, while Lingyun Services focuses on cloud-based digital transformation needs, including SD-WAN services [2][3] SD-WAN Product Development - The company launched its self-developed SD-WAN product in July 2021, which supports national encryption algorithms (SM2, SM3, SM4) and aims to capture opportunities in cloud computing and network security [3][4] - The SD-WAN technology, introduced around 2014, is now being actively adopted by clients, offering flexible networking solutions that include internet, dedicated lines, and 5G [3][4] Competitive Advantages - Compared to traditional IP-VPN products, the SD-WAN solution offers intelligent path switching, plug-and-play capabilities, and visual management, enhancing security and operational efficiency [4][5] - Naling Technology is one of the few domestic companies with self-research capabilities in SD-WAN, allowing for customized development based on client needs [5] Market Position and Growth - As of June 2022, the company has established 65 business nodes globally, covering 36 cities in China and 3 overseas regions [4] - The company is among the first to obtain the national license for cross-regional internet VPN services, positioning itself as a leader in the IP-VPN sector [4][5] Financial Performance and Challenges - The company's revenue growth has been impacted by the economic slowdown and the COVID-19 pandemic, particularly affecting large enterprises in sectors like finance, retail, and logistics [5][6] - R&D expenses increased by 57.45% year-on-year, indicating a commitment to enhancing product offerings and market competitiveness [6] Future Outlook - The company plans to increase investment in R&D for SD-WAN and cloud services, aiming to accelerate growth in new business areas [6] - Collaboration with partners like Alibaba Cloud and Zscaler is expected to enhance integrated service offerings in cloud and network solutions [6]