Lei Jianping on April 7
Zhonggan Communication (Group) Holdings Co., Ltd. (hereinafter referred to as "Zhonggan Communication") recently submitted a prospectus to be listed on the Hong Kong Stock Exchange.
Annual revenue of 609 million
Founded in 2002, Zhonggan Communication is a well-known integrated service provider and software developer headquartered in Jiangxi Province, China, focusing on providing telecom infrastructure services and infrastructure digital solution services in China.
Zhonggan Communication has established long-term and stable business relationships with major players in China's telecom industry (including the three major telecom operators, namely China's three major telecom network operators) and the world's largest telecom tower infrastructure service provider.
Telecommunications infrastructure services include infrastructure construction services and infrastructure maintenance services, which are used by major market players in the telecommunications industry in China to expand and maintain their telecommunications networks. These key players include telecom network operators, telecom tower infrastructure service providers, local governments, quasi-government agencies and state-owned enterprises.
Infrastructure construction services mainly involve the construction, renovation and installation of network infrastructure of the entire telecommunication network, such as base station and supporting engineering services, mains power introduction services, transmission network pipeline services, broadband access network services and wireless network equipment installation services.
Infrastructure maintenance services mainly involve routine basic maintenance, repair and repair works and emergency troubleshooting of telecommunications infrastructure located in rural and urban areas of China.
Infrastructure digital solution services include integrated solution services, system maintenance services and software solution services, which aim to integrate various hardware and software systems under a unified platform by integrating digital technologies such as the Internet of Things, cloud computing, big data, discriminative AI and blockchain, so as to improve customers' operational efficiency and productivity.
According to the prospectus, the revenue of Zhongjiang Communications in 2020, 2021, 2022 and 2023 will be 337 million yuan, 479 million yuan, 413 million yuan and 609 million yuan respectively, and the gross profit will be 85.2 million, 91.19 million, 104 million and 149 million yuan respectively.
In 2020, 2021, 2022, and 2023, the annual profits of Zhongjiang Communications will be 32.31 million, 36.17 million, 34.98 million, and 68.646 million respectively, and the annual profits will be 32.31 million, 36.17 million, 34.975 million, and 68.646 million respectively.
As of December 31, 2023, the cash and cash equivalents held by Zhonggan Communications were 81.54 million yuan.
Liu Haoqiong controls 74.9% of the shares
The executive directors of Zhongjiang Communications are Liu Haoqiong, Peng Shengqian, Ms. Xie Xiaolan, Liu Dingli, Liu Dingyi and Zhou Zhiqiang, and the independent non-executive directors are Yu Shiyong, Li Yinguo and Zhu Yugang.
Before the IPO, GT&Yangtze held 74.9% of the shares, Liu Dingyi held 8.2% of the shares through Octuple Hills, and Liu Dingli held 7.1% of the shares through Huat Huat;
Youpo Business holds 4.3% of the shares, Yinghua Investment holds 2.6% of the shares, Digital Intelligence Shenkong holds 1.3% of the shares, Ruida Xintao holds 0.6% of the shares, and Ms. Yang Kaijia holds 1% of the shares.
Ms. Liu Haoqiong and Ms. Tao Xiulan hold 70% and 30% of the shares of GT&Yangtze respectively.
Liu Dingli, the son and executive director of Liu Haoqiong, and Liu Dingyi, the son, executive director and joint company secretary of Liu Haoqiong;
Liu Haoqiong, is an executive Director, the chairman of the Board, one of the founders and controlling shareholders of the Group, and Ms. Tao Xiulan, is the spouse of Liu Haoqiong, one of the founders and the controlling shareholder of the Group.
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