Event: Geovis Technology Co.Ltd(688568) issued an announcement and signed a major sales contract with an amount of 507 million yuan;
Piesat Information Technology Co.Ltd(688066) issued an announcement and signed major sales contracts with an amount of 279 million yuan.
The demand of the industry is strong, and the satellite mapping ability is continuously improved. According to the announcement of Geovis Technology Co.Ltd(688568) , the content involves software development, hardware procurement and system integration. After the contract is signed, a unit will pay an advance payment to the company. According to the announcement of Piesat Information Technology Co.Ltd(688066) , a unit has good credit and strong performance ability. We believe that the transmission of strong demand from the industry to orders is the essential reason. Recently, China launched gaogao-7 satellite, which can draw 3D three-dimensional images, and realized 1:10000 scale satellite three-dimensional mapping for Chinese civil use. The mapping ability of the satellite is also improving.
Both the industry leaders have obtained orders, which indicates that the industry pattern is stable. The revenue of the third quarterly report Geovis Technology Co.Ltd(688568) was 584 million yuan, a year-on-year increase of 83.90%; The revenue of Piesat Information Technology Co.Ltd(688066) was 811 million yuan, a year-on-year increase of 98.60%. The two leading remote sensing companies continue to maintain a high-speed growth trend. The disclosure of orders by both companies further indicates the relative stability of the industry pattern and the embodiment of independent remote sensing capability.
Other industries may also show strong demand in the future. Our previous report pointed out that remote sensing has a wide range of applications in agriculture, forestry, climate, insurance, retail, biodiversity and other fields, and combines technologies such as unmanned driving, 5g, lidar, UAV and artificial intelligence. At present, it has been widely used in special, marine, transportation, emergency and other fields, and is expected to be further applied in other industries in the future.
Investment suggestion: remote sensing is a computer track we are optimistic about. It is expected to grow rapidly in the next few years, and the competition pattern is relatively stable. Continue to focus on Geovis Technology Co.Ltd(688568) , Piesat Information Technology Co.Ltd(688066) .
Risk tips: the expansion fields of special industries, enterprises and industries are not as expected; Industry competition intensifies.
