Ying Hantong (430642): In-depth development of innovative IOT solutions, in-depth expansion of business, science and technology board has completed the second round of inquiry

Ying Hantong (430642): In-depth development of innovative IOT solutions, in-depth expansion of business, science and technology board has completed the second round of 北京桑拿洗浴保健 inquiry

Event: The company released the semi-annual report for 2019, and the company achieved operating income in the first half of the year1.

24 ppm, a ten-year increase4.

68%; net profit attributable to mother is 2101.

160,000 yuan, an annual increase of 22.

40%.

The revenue of independent research and development of wireless data terminal products has increased significantly, and the company’s performance has maintained a steady growth: the company’s overall company maintained a stable development momentum in the first half of 2019, and the company’s independent research and development of wireless data terminal products saw a significant increase in revenue, driving operating income and net profit compared to the same periodSteady growth.

The company’s related financial data performed better. The company’s gross profit margin in the first half of 2019 was 50.

70%, net interest rate is 17.

50%, both higher than the same period last year, and increased profitability.

Utilize the development trend of the Internet of Things to expand horizontally in multiple markets and regions, deepen the development of innovative IoT solutions, expand business in depth, and establish barriers to competition: the company gradually develops the core technology of the Internet of Things through independent research and development, the Internet of Things product portfolio, and uses the Internet of ThingsThe development trend is expanding horizontally in multiple markets and regions; and on the basis of the Industrial Internet of Things intelligent gateway products and cloud platforms, in-depth development of innovative IoT solutions for the targeted industry segments, transformation of sensing, communication and artificial intelligence data analysis technologiesAt the level, it provides a complete set of high value-added Internet of Things (IoT) solutions for industry customers, expands its business in depth, and establishes competition barriers.

The company’s business model is the development + sales + technical services of industrial IoT communication equipment, cloud platforms, artificial intelligence and industrial Internet of Things (IIoT) solutions.

Continuously improve research and development efforts, significant results of independent research and development: In the first half of 2019, the company expanded research and development efforts, continued technical innovation, and improved existing products and research and development of new products and technologies with remarkable results.

Yinghantong launched a smart heating network system, which provides a “cloud” + “end” integrated heating network solution, which comprehensively helps the heating network to run efficiently and intelligently; assists companies to scientifically manage heating resources, improve the efficiency of thermal energy use, and respond quickly to the sceneFailure; accelerate the realization of industrial innovation and transition and upgrading.

And the company successfully passed the “Enterprise Intellectual Property Management Regulations” (national standard GB / T 29490-2013) certification assessment, obtained the “Intellectual Property Management System Certification”, and the edge computing gateway InGateway900 received AWS IoT Greengrass certification, marking the company’s intellectual property rightsThe standardized management, the use of intellectual property rights, and the prevention of intellectual property risks have reached a new level, which is a strong proof of the company’s high capacity for independent innovation and the level of intellectual property management.

Talking about Ubiquitous Electricity Internet of Things, Yinghantong’s intelligent response, deep integration, and empowering the grid: Ubiquitous Electricity Internet of Things means transforming around the power system, fully applying the “big cloud and mobile intelligence” (big data, cloud computing, Internet of Things, Mobile Internet, artificial intelligence) and other modern information technology and advanced communication technology, to achieve the exchange of everything in the power system interconnection, human-machine interaction, with a comprehensive state perception, efficient information processing, convenient and flexible application features such as smart service systems.

Its architecture includes the perception layer, network layer, platform layer, application layer, ubiquitous electricity, and the ubiquitous “Ubiquitous Electricity Internet of Things.”

Yinghantong’s intelligent response, deep integration, and empowering the power grid, from edge computing to cloud big data, are closely tied to power grid business applications, and better meet the needs of establishing the “ubiquitous electric power Internet of Things”.

The intensive AI + big data intelligent analysis system developed by Yinghantong combines sensor unit, mobile communication, cloud computing and AI + big data applications, and vertically interconnects the four-layer architecture of the power Internet of Things.

Yinghantong obtains Beijing “Intellectual Property Pilot Unit Certificate” to promote the company’s technological innovation and development: In the first half of 2019, Yinghantong obtained Beijing ‘s “Intellectual Property Pilot Unit Certificate” and was identified as the Beijing Intellectual Property Experiment 2019-2021The unit, Yinghantong’s complete intellectual property management system and excellent innovation technology won this honor, which shows the company’s deep cultivation and accumulation in technological innovation, independent innovation ability 杭州桑拿 and protection; this realization fully affirmed the waste of YinghanThrough the intellectual property strategy, the achievements in the use and protection of intellectual property have laid a good foundation for the company’s scientific and technological innovation and development.

Investment suggestion: The company has a comparative advantage in the Industrial Internet of Things industry, and its revenue and profits will maintain steady growth in the first half of 2019.

Finally the latest company market size 8.

2.6 billion, PE TTM 16.

4 times, it is recommended to pay attention.

Risk Warning: Market Operation Risk, Technology Update Risk