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ICT integrates cutting-edge technology innovation and development, and accelerates the construction of a new era of the Internet of Things

ICT integrates cutting-edge technology innovation and development, and accelerates the construction of a new era of the Internet of Things

China Listed Companies Network/Article

Recently, Shandong Xintong Electronics Co., Ltd. (hereinafter referred to as "Xintong Electronics" or "the Company") is impacting the listing on the main board of the Shenzhen Stock Exchange and will hold a listing meeting on February 2, 2024. It is reported that ICT Electronics intends to raise 474.96 million yuan this time, and the total number of shares issued to the public will not exceed 39 million shares, accounting for 25% of the total share capital after the issuance, and the sponsor is China Merchants Securities. The funds raised by the company from this issuance are mainly used for the three-dimensional inspection of transmission lines and the technology research and development and industrialization projects of the big data analysis platform, the construction projects of maintenance bases and service outlets, the projects of information and communication electronics research and development centers and the replenishment of working capital.

The Department of ICT is a provider of intelligent terminals and system solutions for the industrial Internet of Things with the operation and maintenance of specific industries such as power and communications as its core service objectives.

Through in-depth analysis of customer needs, ICT Electronics accurately captures the combination and value points of customer business needs and Internet of Things technology, continuously develops and iterates products, and continuously improves the industry application value of the company's products. With the intelligent terminal of the industrial Internet of Things as the carrier, it provides customers with solutions and related services such as data collection, data integration, data analysis and processing, data visualization system, and gives full play to the connection advantages of all elements of the industrial Internet, the whole industry chain and the whole value chain, which not only solves the operation and maintenance needs of downstream customers in each business link, but also comprehensively improves the depth and breadth of information perception of downstream customers in each business link, and guides customers to build a An efficient new human-machine collaborative work system promotes the integration and development of IoT technology and customer business.

The Internet of Things industry has ushered in a period of rapid and comprehensive development

The main business areas of ICT Electronics are the power industry and the communication industry, which belongs to the intelligent terminal manufacturing industry of the industrial Internet of Things. The main products sold by the company are transmission line intelligent inspection systems, mobile intelligent terminals and other products, which provide customers with functions such as collection, processing and analysis of industry operation and maintenance data through the above products.

With the promulgation and implementation of a series of policies such as the "Guiding Opinions of the State Council on Deepening the Development of the Industrial Internet of "Internet + Advanced Manufacturing" and the "Guiding Opinions of the General Office of the State Council on Promoting the Construction and Development of Agricultural High-tech Industry Demonstration Zones", the integrated innovation and large-scale application of the productive Internet of Things have risen to the strategic height of the mainland.

In general, the Internet of Things can help traditional industries such as petrochemicals, equipment, aerospace, construction machinery, home appliances and other traditional industries to expand market space and promote transformation and upgrading, and can meet the application characteristics of wide coverage, low power consumption and low cost through the private network of the Internet of Things, and use new technologies such as big data, blockchain, and edge computing to open up new application spaces such as traceability of agricultural products and industrial real-time control.

In addition, the power industry is an important basic industry and public utility that has a bearing on the national economy and people's livelihood, and the safe, stable, and reliable supply of electricity is an important guarantee for the mainland's economic development. Driven by strategies such as "strong smart grid" and "power Internet of Things", the application of modern information technology in the field of electric power has been accelerated, and a good policy environment has been created for the development of ICT and electronics.

Favored by leading enterprises to establish stable cooperation

In mainland China, with the transformation and development of information and communication technology and innovative breakthroughs, communication operators are accelerating the deployment of NB-IoT and eMTC networks, and the upstream, midstream and downstream industry chains have been basically formed, and the network has also achieved nationwide coverage. According to GSMA statistics and forecasts, as of 2020, the number of cellular IoT terminal connections in the authorized frequency band in mainland China reached 1.34 billion, and this value is expected to reach 2.29 billion by 2025. According to the GSMA, the number of IoT devices worldwide will grow rapidly: by 2019, the number of IoT device connections worldwide will reach 11 billion, of which 6 billion will be consumer IoT terminals and 5 billion industrial IoT terminals. The number of IoT terminal connections worldwide will reach 25 billion by 2025. Among them, the number of consumer IoT terminal connections is 11 billion, and the number of industrial IoT terminal connections is 14 billion, accounting for more than half of the global connections.

ICT integrates cutting-edge technology innovation and development, and accelerates the construction of a new era of the Internet of Things

In the "14th Five-Year Plan" stage, the power grid is an important infrastructure related to the national economy and people's livelihood, and the State Grid takes the expansion of domestic demand as the strategic base point, plays a basic guarantee, innovation and leading role, and accumulates basic strength for economic development, ensures the stability of the industrial chain and supply chain, and gathers development advantages to create new opportunities. We will continue to build a safe, reliable, green and intelligent, interconnected, and mutually beneficial modern power grid, focusing on increasing investment in UHV, charging piles, new digital infrastructure and other fields, and it is expected that during the "14th Five-Year Plan" period, the investment in power grids and related industries will exceed 6 trillion yuan.

With the rapid development and application of a new generation of information technology such as Internet of Things technology and artificial intelligence technology, the integration and development trend of production, operation, maintenance and other links of the whole industry and the whole industry chain and various types of intelligent terminal equipment is becoming more and more obvious. In addition, due to the rapid promotion of technologies such as 5G, edge computing, and artificial intelligence, the intelligent terminals of the industrial Internet of Things have been further upgraded and iterated, bringing the demand for stock replacement.

With strong product performance, product quality and technical services, ICT Electronics seizes the development opportunity, the main business has developed rapidly, the sales market has expanded from the beginning of the company's establishment in Shandong Province to all provinces and cities across the country and some overseas regions, has been recognized by downstream customers, and has established a strong and long-term cooperative relationship with the State Grid, China Southern Power Grid, China Unicom, China Mobile, China Telecom and other well-known domestic enterprises.

Closely follow the market demand and integrate cutting-edge technology

As we all know, the industrial Internet of Things terminal closely follows the development of a new generation of information technology for product development and production. ICT Electronics has been actively exploring the integration and application of cutting-edge technologies such as new generation communication technology, edge computing, artificial intelligence and downstream customers such as power and communications, attaching importance to technology accumulation and development of core capabilities, and has achieved a series of R&D results through independent research and development, and as of the end of 2021, the company has 41 authorized invention patents. He has made certain research achievements and application experience in the fields of visual intelligent patrol terminal and control platform technology, artificial intelligence image intelligent analysis and detection technology, communication access network operation and maintenance detection technology, and element-intensive ID card recognition technology.

The company has been awarded the honors of "National Intellectual Property Demonstration Enterprise", "Shandong Artificial Intelligence Leading Enterprise", "Shandong Excellent Software Enterprise", "Shandong Gazelle Enterprise", "Shandong High-end Brand Cultivation Enterprise" and other honors by relevant departments, and was selected as the "Third Batch of Specialized and New Little Giant Enterprises" by the Ministry of Industry and Information Technology in July 2021.

In addition, the company was invited by the State Grid to participate in the drafting and revision of the "Technical Specifications for Intelligent Monitoring Devices for Transmission Line Channels", which is the enterprise standard of the State Grid; With China Electronics Standardization Institute, Shandong University of Technology, State Grid Shandong Electric Power Company and other units, we jointly undertake the compilation of the industry standard "Technical Specification for Outdoor Image Inspection Terminal for Photovoltaic Power Supply".

In the future, with the construction of communication base stations, the application scenarios of Internet of Things devices will gradually penetrate into many fields such as industrial production, logistics and warehousing, home entertainment, social security, etc., and the market scale will grow rapidly, providing a good growth space for domestic Internet of Things intelligent terminal manufacturing enterprises. ICT seizes the development opportunity to continuously track the technology trend, invests a lot of manpower and material resources in the research of cutting-edge technology, so that the product in terms of performance, function and other aspects to maintain the lead, and constantly introduce new products to meet customer needs, consolidate the company's market position.

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