On the evening of April 12, Geovis Technology Co.Ltd(688568) released its annual report for 2021. During the reporting period, the company achieved an operating revenue of 1.040 billion yuan, a year-on-year increase of 48.03%; The net profit attributable to the parent company was 220 million yuan, a year-on-year increase of 49.41%; The cash flow from operating activities continued to improve, and the net amount more than doubled to 167 million yuan; The basic earnings per share was 1 yuan, a year-on-year increase of 28.21%. This also means that the group development strategy of the company has made a “good start”.
The annual report shows that in the fourth quarter of 2021, Geovis Technology Co.Ltd(688568) won the position increase of nearly 200000 shares by the 503 portfolio of the national social security fund, the fifth largest circulating shareholder, and the number of shares increased to 2.4 million; QFII British Columbia investment management company is the tenth largest circulating shareholder of the company, holding 933600 shares.
Geovis Technology Co.Ltd(688568) is the first enterprise in China to engage in the R & D and industrialization of digital earth products, and has successively launched geovis digital earth basic software series products. In the future, on the one hand, the company will improve the group layout, establish Xingtu enterprise and Xingtu international company, and further cover the business to the enterprise and overseas business sectors; On the other hand, promote the independent and high-speed development of subsidiaries, build an industry ecology, and gradually achieve their respective development goals.
revenue structure optimization smart government business eye-catching
Geovis Technology Co.Ltd(688568) relying on geovis digital earth platform, the application scenarios are continuously extended. At present, the company’s business covers six sectors, including special fields, smart government, meteorological ecology, aerospace measurement and operation control, enterprise energy and online business. The company can provide software sales and data services, technology development and services, all-in-one machine products, system integration and other services for the government, enterprises, special fields and the public.
Geovis Technology Co.Ltd(688568) ‘s revenue structure was further optimized, and the performance of civil market was extremely outstanding. In 2021, the operating revenue of the company from the five business segments of special fields, aerospace measurement and operation control, smart government, meteorological ecology and enterprise energy was 551 million yuan, 97 million yuan, 237 million yuan, 91 million yuan and 19 million yuan respectively, with a corresponding year-on-year increase of 16.61%, 289.30%, 105.68%, 107.26% and 34.36% respectively.
In terms of product division, Geovis Technology Co.Ltd(688568) main products include geovis technology development and service, geovis software sales and data service, geovis all-in-one product sales and system integration. In 2021, the operating revenue of geovis technology development and service increased by 47.31% year-on-year to 783 million yuan; The operating revenue of system integration increased by 143.43% year-on-year to RMB 115 million; The operating revenue of geovis software sales and data services increased by 119.32% year-on-year to 89 million yuan. This is mainly due to the continuous expansion of the company’s product orders.
Generally speaking, Geovis Technology Co.Ltd(688568) attributed the growth of income in the past year to three aspects. Firstly, in 2021, based on the new development stage, the company formulated the “14th five year plan” development strategy of collectivization, ecology and internationalization. Based on the group development strategy of the company and relying on the implementation of the “marketing service network construction project”, the company has upgraded its marketing network, transforming the marketing network with regions and offices as the main body into a group structure with four management headquarters in Beijing, Xi’an, Qingdao and Hefei as the core, 38 participating and holding subsidiaries as the main body and more than 20 offices across the country as the supplement, taking into account both industry expansion and regional market coverage.
Secondly, with the implementation of the collectivization development strategy, the company further strengthens the development of various market segments, increases the investment of human and material resources, continues to expand the business scale and continuously improves the industry position.
Third, during the reporting period, the company adhered to innovation, continued to increase R & D investment, improve product layout and improve the core competitiveness of products. The company has made remarkable achievements in industrial chain extension, core technology accumulation, application expansion and ecological layout.
improve R & D intensity and improve business product layout
From the perspective of the company’s operation, in 2021, Geovis Technology Co.Ltd(688568) overcame the challenge of the epidemic, continued to increase R & D investment and improve product layout.
In terms of industrial chain expansion, Geovis Technology Co.Ltd(688568) layout the field of aerospace measurement, operation and control, and is committed to establishing China’s first-class commercial satellite control center, extending the industrial chain from the middle and lower reaches to the upper reaches, further realizing the layout of the whole industry in the star map and forming the commercial model goal of connecting the upper and lower reaches of the industrial chain. It should be noted that due to the rapid development of aerospace measurement, operation and control business, the company split it from special fields in 2021.
In terms of core technology, Geovis Technology Co.Ltd(688568) based on the Beidou grid division theory and the Beidou grid code as the core, developed a new generation of digital earth geovis IBASE Beidou grid space-time engine, and created a new generation of digital earth geovis 6 with “Beidou as the body and high scores as the image”.
In terms of industrial applications, Geovis Technology Co.Ltd(688568) relying on the advantages of data resources and platforms, we have continuously promoted the deep integration of digital earth and industrial applications, and initially built a geovis digital earth application ecosystem for users in government, enterprises and special fields, covering the whole chain of aerospace information industry; On the basis of maintaining steady growth in the industry expansion of special fields, digital earth has expanded the application fields and application scenarios of digital earth products.
In terms of business model, Geovis Technology Co.Ltd(688568) actively opens up a new blue ocean in the mass market of digital earth, continuously infiltrates the digital earth business into mass applications, explores the online application scenarios of digital earth, and will realize the online operation of Geovis Technology Co.Ltd(688568) digital earth products and provide global services and operation capabilities.
The reporter of China Securities Journal noted that in 2021, based on geovis 6 digital earth basic platform, Geovis Technology Co.Ltd(688568) on the basis of the original special fields, meteorology, transportation, commercial aerospace and other industries, the layout of civil markets such as agriculture, forestry, emergency and the public was further strengthened.
Geovis Technology Co.Ltd(688568) is developing geovis online digital earth products based on independent digital earth theory, independent space infrastructure, independent digital earth software and independent IT infrastructure, which will provide more intelligent, accurate and efficient digital earth applications to public users.
High R & D intensity is the engine of Geovis Technology Co.Ltd(688568) rapid development. The digital earth industry covers a wide range of technical fields, covering remote sensing, navigation, communication, big data, cloud computing, artificial intelligence, geographic information and many other fields. It is a technology intensive industry. In 2021, the company’s R & D investment reached 159 million yuan, a year-on-year increase of 66.79%, and the R & D intensity increased by 1.72 percentage points to 15.26%.
