Optics Valley Information (430161): Spatial Information Technology Business Rapidly Increases System Integration Capability Significantly Improved
Event: The company released the semi-annual report for 2019, which reported an operating income of 94.7 million yuan, an increase of 56 in the future.
23%, net profit attributable to mothers was 5.76 million yuan, an increase of 84 year-on-year.
There are two major reasons for the increase in revenue: (1) the space information technology business has maintained steady growth, and the revenue has increased by 897 million over the same period of the previous year; (2) the company’s system integration capabilities have been strengthened, and the service target has shifted from the department level to the city level.The magnitude of individual projects has changed, resulting in an absolute increase in the proportion of income in the current period of 26 million yuan in the same period last year.
Optics Valley Information: Professional information technology service and consulting service provider.
The company is a professional information technology service and consulting service provider. The products and services it provides mainly include space information technology services, big data technology services, and system integration technology services. The business revenue ratio in 2019 was 43.
9%, mainly for inclusive finance and Internet + agriculture.
The company will adhere to the 杭州桑拿洗浴会所 information-oriented, data-centric, upgrade the existing industry-oriented technology and market capabilities into city-level application service capabilities (platform-level business), and expand the government-oriented 3S application capabilities to the enterprise market, Especially in the large industrial fields (2B business) of power, petroleum, steel, chemical, etc.
Spatial information technology services: Stock services such as mapping and data services have grown steadily, supplementing planning consulting services to cater for policy guidance.
In summary of the report, in addition to the research and development and promotion of smart government affairs collaboration platform, OpenGIS cloud platform, space-time big data platform, OVIT mobile application platform, surveying and data services, and “smart surveying and mapping”, the company’s natural resources are developing well.In addition, it has focused on developing planning consulting services.
After March 2018, many new types of planning, such as land and space planning, multi-planned village planning, and urban renewal, have entered the historical stage. Scientific planning solutions, regional development layout, and industrial positioning require strong data acquisition.And analysis of governance capabilities.
Optical Valley Information has served in the field of spatial data for nearly five years. It has data service capabilities in surveying, mapping, Internet of Things, and Internet big data mining. It has served land and resources for more than ten years and can provide “investigation and confirmation, planning and evaluation.””Using and repairing, supervising and enforcing” information services for the entire business process, the “cloud GIS platform and big data platform” with its own intellectual property can efficiently and stably support the restructuring of natural resources and planning operations.
The company established the Optics Valley Information Space Planning Institute, and the Guangzhou Branch was established in early 2019, forming a team of nearly 30 planners.
Since May 2018, the company’s team of planners has served a wide range of regions in Guangdong Province, such as Guangzhou, Huizhou, Longchuan County, Shixing County, Jiaoling County, Lianping County, Dapu County, etc.Master planning, regulatory detailed planning, village planning, village remediation, land use planning and other businesses have been widely recognized by customers.
At the baseline of the report, space information technology services achieved operating income of 4,244.
09 million yuan, an increase of 26 in ten years.
79%, revenue accounted for 45%.
Big data technology services have achieved in-depth development in agriculture + finance + operators, and business income has increased by 107%.
The reports are connected in series, and the company’s big data platform has been further developed and applied in the agriculture, finance, and operator industries. In addition to the offline batch processing business in previous years, the report summarizes that big data applications in these three industries have matched the real-time nature of the business.Requirements, realizing stream-based real-time processing, combined with machine learning models, for automated and intelligent data processing, real-time monitoring, early warning and real-time analysis.
In 2019, the company used the business experience and informatization results accumulated in the agricultural field to develop the “Village Revitalization Public Service Platform” and “Nongshe Cloud” to provide effective services for agricultural subjects and become the mainstay of new agricultural operations.
The report summarizes that the company’s service business realized by big data technology achieved operating income of 2,912.
140,000 yuan, an increase of 106 in ten years.
System integration technology services are centered on integration and cross-border, with revenue growing 75% annually.
With the expansion of IT assets of governments, enterprises and institutions, application depth, data accumulation, system integration and technical services, and increasing with each passing day, the company has now realized planning and consulting, overall solution design, application development, system integration, operation and maintenance services, operationsThe full-process information service of the service has covered internal service industries including land and resources, finance, education, energy, medical care, and operators.
The report summarizes that based on the user’s actual demand scenario, the company integrates services and application innovation ecology on the cloud, establishes the link between the details of citizens’ lives and the development of smart cities, and has achieved significant progress and far-reaching market opportunities in the smart county business direction.
At the same time, the company created an integrated solution for operators based on short message sending and business data analysis, and opened up the “last mile” for customers. Focusing on the development of county-level financial media centers, it integrated news collection, intelligent processing, and unified storage.The multi-functional industry platform of big data analysis helps the development of traditional media and the construction of new types of integrated media.
The report totaled 2,584 operating income from the system integration technology service business.
07 million yuan, an increase of 74 in ten years.
R & D expenditure continued to increase, and R & D revenue accounted for 15%.
According to the semi-annual report, the company’s R & D expenditure for this period was 14.57 million yuan, an increase of 33 each year.
69%, R & D accounted for 15% of revenue, mainly due to the company’s continued increase in R & D expenditures on big data business, in order to form internal core competitiveness, transfer more R & D talents, rising R & D labor costs.
The company’s current gross profit margin is 39.
22%, a decrease of 9 per year.
03pct, profitability has improved.The company’s cash flow is tight. The net cash flow from operating activities in 2017-2019H1 was negative, which was -58.66 million yuan in 2019H1, a decrease of 1,382 compared with the same period last year.
The decrease of 980,000 yuan was due to the fact that the company’s contract size with the upstream and downstream settlement periods and the average level of projects undertaken in this period exceeded the same period last year.As a result, the cash paid to employees and paid for employees increased by 5.6 million yuan over the same period of the previous year.
Investment suggestion: All three major businesses of the company have entered a period of rapid growth and have better ability to continue operations.
Finally the latest, the company’s market size is 3.
2.5 billion, PE (ttm) 6.
3 times, it is recommended to pay attention.
Risk reminder: the risk of technology upgrading, the risk of technology being corrected and the loss of confidentiality, and the risk of brain drain.