On May 20, Chengdu Jouav Automation Tech Co.Ltd(688070) held the annual general meeting of shareholders in Chengdu Chengdu Jouav Automation Tech Co.Ltd(688070) since its establishment in 2010, the company has focused on the industrial UAV business. In 2015, the company took the lead in releasing and mass producing the vertical take-off and landing Fixed Wing Industrial UAV in China, and successfully landed on the science and innovation board in 2021.
Chengdu Jouav Automation Tech Co.Ltd(688070) chairman Ren bin told Securities Daily and other media at the shareholders’ meeting that China’s civil UAV market has great potential, and the scale of industrial UAV market driven by application in downstream industries continues to increase. It is expected that the annual growth rate of the industry will remain above 30% during the 14th Five Year Plan period.
“The company maintains confidence in the development of UAV industry. In 2022, the company will seize the industry development opportunities during the 14th Five Year Plan period of UAV industry, make efforts in business planning, market development, partner construction, supply chain management, team construction and other aspects, effectively improve the operation quality and lay a solid foundation for future development.” He said.
layout genealogical UAV platform and industry application solution
In the company Hall of Chengdu Jouav Automation Tech Co.Ltd(688070) , a variety of real products of industrial UAVs are displayed in turn. The staff introduced to the reporter of Securities Daily that Chengdu Jouav Automation Tech Co.Ltd(688070) has the full independent production capacity of composite materials, parts, avionics system and complete machine. Its different industrial UAV products can be used in application scenarios such as surveying and mapping and geographic information, intelligent security, energy patrol inspection and emergency rescue. Some product models can be equipped with lidar or complete shipborne and offshore operations. The price of the company’s industrial UAV products ranges from 100000 yuan to millions of yuan.
It is reported that Chengdu Jouav Automation Tech Co.Ltd(688070) has eight series of vertical takeoff and landing fixed wing UAV platforms with a maximum takeoff weight of 7 kg to 100 kg, a load of 0.8 kg to 20 kg and a flight time of 1 hour to 10 hours. The products include pure electric UAV, oil electric hybrid UAV and new energy UAV system represented by hydrogen fuel. At the same time, the research and development of the heavy-duty UAV platform project raised and invested by the company is advancing in an orderly manner.
Chengdu Jouav Automation Tech Co.Ltd(688070) Board Secretary Li Xiaoyan introduced at the shareholders’ meeting that in 2021, the company seized the demand for industrial UAVs in the downstream emerging market, strengthened channel development and strategic partner development, continued to promote the implementation of key projects in the fields of Surveying and mapping and geographic information, intelligent security, energy inspection and emergency response, and achieved positive results in the development of overseas markets. The total orders realized by the company in the whole year increased by 33.39% year-on-year, of which Chinese orders increased by 19.24%, overseas orders increased by 195.47%, and the total orders on hand at the end of the year increased significantly.
\u3000\u3000 “In 2021, the company maintained a leading position in the field of Surveying and mapping and achieved significant breakthroughs and growth in the field of intelligent security. With the increasing demand in the Asia Pacific region, Africa, South America and other places, the company promoted its business in the overseas market. China’s UAV application is relatively leading. Our application scenarios are relatively mature, our models are relatively rich, and our products are relatively cost-effective. Therefore, we have good competitiveness in the international market 。 The operation of the company is generally good. ” She said.
industrial UAV application market has great potential
In terms of industry, with the launch of national air traffic control and airspace reform, the continuous expansion of low altitude airspace reform pilot, the improvement of basic technology and resource supply, and the promotion of new infrastructure, laws and regulations continue to be optimized. During the “14th five year plan” period, China’s UAV application is considered to achieve rapid growth.
As the market potential of UAV application is gradually tapped, the competition on this track has also attracted more and more attention. It is reported that in addition to Dajiang, a number of listed companies represented by Aerospace Ch Uav Co.Ltd(002389) in the A-share market have arranged UAV related businesses, and AVIC UAV, another UAV enterprise in Chengdu, has also started its IPO sprint recently. In this context, Chengdu Jouav Automation Tech Co.Ltd(688070) how to view the competition of the industry?
Ren Bin said: “at present, the main business direction of relevant listed companies and companies to be listed is focused on military large-scale UAVs, and some listed companies layout the UAV industry chain related business. Chengdu Jouav Automation Tech Co.Ltd(688070) focus on several kilograms to hundreds of kilograms of vertical take-off and landing fixed wing UAVs, focus on the application of industrial UAVs, and there is no direct competitor of listed companies at present.”
Industrial UAV is a strategic emerging industry that has only begun to develop in recent years. The industry is in the early stage of rapid development, the industry concentration is gradually improved, and the upstream and downstream supporting facilities of the industrial chain are continuously improved. With the progress of AI, big data, cloud computing and other technologies, we continue to promote and enable the development of UAV intelligent, platform and Tool 2.0 era.
Ren Bin said: “The development of industrial UAV is at a good stage. Its penetration rate is still relatively low, and its market development is at an early stage. From 2015 to 2021, Chengdu Jouav Automation Tech Co.Ltd(688070) ‘s business is mainly concentrated in the surveying and mapping industry with relatively mature applications and the largest scale. Since last year, we have expanded our business to security monitoring, which covers many fields such as smart security, smart city, river patrol inspection, forest fire prevention, and has great market potential Great power. In Jiangxi, Zhejiang, Sichuan and other places, the application of public security system to industrial UAV has just begun, with a considerable growth rate. We believe that monitoring and intelligent security may become one of the important growth points of the company’s future business. “
Looking forward to 2022, Chengdu Jouav Automation Tech Co.Ltd(688070) will focus on technological innovation, marketing construction, strengthening internal management and strengthening the construction of talent team. Specifically, in terms of aircraft platforms, the company will continue to improve the product performance of cw-15, cw-25, cw-40 and cw-100 vertical take-off and landing fixed wing flight platforms, promote the research and development of supporting multi rotor UAV platforms, and create a high-quality industrial UAV hardware platform; In terms of software, the company will continue to improve the application software and ground command and control system functions such as vertical and horizontal flying chart / Eagle chart and vertical and horizontal cloud, promote the integration into relevant information systems, realize the deep integration with the user’s business end, and make the UAV “gradually become the user’s standard product”.
