At present, the company's flagship product is Ares radio and television network monitoring and management system, and based on this, it has formed a series of products around the digital processing technology of video and audio, such as information release system, advertising value-added system and webcast system. With strong technical strength and good user reputation, Bohui Technology has the honor to participate in the research and development of the "multi-site time superposition system" of Shenzhou series spacecraft, and has been undertaking the task of time code and site information superposition system from Shenzhou II to Shenzhou VII. Bohui's monitoring products provide important technical support to ensure the safe broadcasting of radio and television programs in important activities such as the 17th National Congress, earthquake relief, Beijing Olympic Games, Paralympics and National Day military parade. In 2008, 2009, 20 10, 20 1 1 won the bid for the national digital TV monitoring network project of the monitoring center of the State Administration of Radio, Film and Television for four consecutive years, which was well received by users.
"Gathering talents, gathering fine products" is the concept that Bohui Company has been adhering to since its establishment, and it is a high summary of Bohui culture. It is the company's development goal to regard employees as wealth and customers as partners, and realize a win-win situation for shareholders, employees and customers. Focusing on market development and product research and innovation, Bohui is willing to work with colleagues in the industry to contribute its strength in the process of triple play.
Digital Video invested 30 million shares in Beijing Bohui Technology.
Digital Video signed a capital increase contract with Beijing Bohui Technology Co., Ltd. This investment is an important strategic layout of the company in its main business field. The cooperation with Bohui Technology will further promote the company's technical level in this field. At the same time, this investment also caters to the trend of triple play, which will greatly broaden the company's technical coverage.
Digital Video (300079) announced that the company signed a capital increase contract with Beijing Bohui Technology Co., Ltd., and agreed to increase the capital of Beijing Bohui by digital video, with a total investment of 30 million yuan, of which 2.5 million yuan was used to increase the registered capital and 27.5 million yuan was included in the capital reserve. The shares of the company account for 20% of the registered capital of Beijing Bohui.
This investment is an extension of the company in the field of digital TV. The company will make full use of the existing technology and brand advantages of both parties to form a complementary product line, thus promoting the integration of the digital TV industry, which is also conducive to optimizing the industrial chain structure of the company and enhancing its comprehensive competitiveness.
Bohui Technology's main business is the research and development and manufacture of audio and video products. Its main products include Ares series radio and television network monitoring and management system, nEI integrated information release system, digital TV broadcast control products and cable network advertising value-added products. Therefore, the company's investment in Bohui Technology is conducive to providing customers with a more comprehensive overall digital TV solution from the front end to the terminal, extending the company's digital TV product line and ensuring the company's leading position in this field.
Bohui Technology has established a nationwide sales and service network, and the market share of monitoring products exceeds 50%, serving 500 customers nationwide, including radio and television operators at all levels, provincial/municipal radio and television bureaus, local TV stations and IPTV operators, including the Monitoring Center of the State Administration of Radio, Film and Television, China Cable TV Network Co., Ltd., Beijing gehuayouxian TV Network Co., Ltd., Jiangsu Radio and Television Information Network Co., Ltd., Chongqing Cable TV Network Co., Ltd. and Guangdong Southern Radio, Film and Television Media Group.
In recent years, Bohui Technology has successively won the bid in the customer fields such as provincial and municipal TV stations, cable TV operators and earth stations, and has shown a good growth momentum in all levels of markets. In 2009, Bohui Technology's total operating income was 60 186600 yuan, and its net profit was 1102500 yuan. Considering that Bohui Technology is a non-listed company and its market share is at a high level in the same industry, the investment amount of this acquisition is determined to be 30 million yuan according to the price-earnings ratio of about 65,438+00 times.
Bohui Technology has developed well since 20 10, and its turnover and profitability have improved rapidly. The company's operating income in the first half of 20 10 was 70.56% of that in 2009, and its net profit in 2009 was 102. 14%. Based on the basic judgment of the market situation of the industry, as well as the due diligence investigation of Bohui Technology's operating performance, sales channels and core team, it is estimated that the average annual net profit of Bohui Technology in 20 10-20 12 is not less than 20 million yuan.
Digital TV is a leading digital TV solution provider in China, and the company belongs to the equipment and software technology provider in the digital TV industry chain. At present, the company mainly provides products and services for digital cable TV network operators, and its main business includes digital TV conditional access system (CA system) and digital TV front-end equipment. With the integration of the three networks to further promote the popularity of digital cable TV, the company actively seeks new expansion directions in its own related fields. This capital increase is an important measure for the company to integrate the upstream and downstream of the digital TV industry chain.
At present, the company occupies 30% market share of domestic TV front-end equipment, and will benefit from the rapid promotion of digital TV in China. Relevant institutions predict that the compound growth rate of digital TV front-end market in 2009-20 13 is about 16%. At the same time, the company is actively exploring overseas markets. At present, the proportion of the company's overseas market revenue has a trend of further expansion, which is also conducive to the company's decentralized operation and enhanced profitability.
In recent years, in order to encourage the development of digital TV industry, the state has promulgated a series of laws and policies to promote the development of industries and enterprises. Good policy environment and broad market space will further promote the rapid development of Bohui's science and technology business. Judging from the development of digital TV industry, in recent years, the industry will enter a period of rapid growth, and M&A opportunities in the industry will appear.
The third quarterly report of digital video 20 10 shows that the company achieved an operating income of 242 million yuan in the first three quarters, a year-on-year increase of 25.98%; The net profit attributable to the parent company was 65.438+0.06 billion yuan, a year-on-year increase of 465.438+0.88%, and earnings per share was 654.38+0.07 yuan.