It's No.6 Caicai Road, Guangzhou Science City.
Tel: (020) 2232 8888 22 1 3439
www.vtron.com
jiweiyu@vtron.com。
As one of the world's most famous suppliers of high-precision multi-screen display systems, VTRON Corporation, headquartered in WAXHAW, USA, has been widely used in the world and established a far-reaching influence with its well-known brands and excellent talent team. VTRON R& came to China on 1998 and wholly established Guangdong Weichuang Video Technology Co., Ltd., which has now developed into the most influential R&D, manufacturing, sales and engineering base of VTRON in China and the Asia-Pacific region (R&: D) and one of the most dynamic organizations of VTRON Group in the world. Core values of "cooperation, responsibility and innovation"
The company was established in August 2002. Since its establishment, it has been focusing on the field of visual information communication, improving customers' work efficiency and competitiveness with systematic solutions of visual information communication, and providing customers with visual information communication products integrating hardware equipment, software platform and industrial application solutions.
Guangdong Weichuang Video Technology Co., Ltd. is a foreign-invested enterprise established by VTRON in China and a production base of VTRON in China. Flextronics is located in Guangzhou Science City, a national high-tech industrial development zone.
VTRON specializes in R&D, production, sales and service of high-definition large-screen digital display splicing wall system (large digital TV wall), interactive digital blackboard and other products, and is an internationally renowned brand in the industry. After years of development, the company has accumulated a number of international and domestic patents and world-leading original technologies, and has independent intellectual property rights of all products. VTRON's system products have created more than 600 classic engineering cases around the world, covering Chinese mainland, Hongkong, Taiwan Province Province, the United States, Israel, Japan, Germany, the Netherlands, Switzerland, Norway, Spain, South Korea, Turkey, Chile, etc., and are being applied in many fields such as electric power, telecommunications, transportation, energy, government, public security, military and so on. Many of them have become the "first" projects in industries or regions, such as the OCC dispatching system of Shenzhen Metro, the new network management control center of Guangdong Telecom and the emergency center of Nanning Association, the first emergency center of China Association. In China, among many internationally renowned brands in the industry, VTRON brand has been the first in sales for four consecutive years.
"Technological innovation and leading products" is one of the core competitiveness of enterprises. Flextronics pays attention to the investment and construction of R&D force, and applies the advanced achievements of R&D to production in time, so that the company's products and systems are at the international leading level in display application solutions of various industries.
VTRON Company has a strong comprehensive competitive advantage, effectively uses scientific management methods and carries out strict product quality inspection, thus ensuring the continuous development of the enterprise. The factory of VTRON has obtained the international ISO-900 1: 2000 series quality certification, and its main products have obtained internationally recognized safety certifications such as EU CE, US UL and China CCC. VTRON is a DLP authorized by TI Company in the United States. As a product partner, VTRON has established partnerships with international companies in many application fields.
VTRON has R&D, production, marketing, service and other institutions. The marketing system in China mainly includes: VTRON North Office, VTRON Shanghai Office, VTRON Guangzhou Office, Marketing Department, Technical Support Department and Customer Engineering Service Department. VTRON provides services to customers all over the world with its experienced sales team and technical support team. Provide the best cost-effective solutions for different industries; Implement perfect pre-delivery system testing and factory inspection; Provide quality services such as system installation, training, maintenance and upgrade.
"Great voices are heard, the avenue is invisible" is very appropriate for Weichuang video. This family was born in Guangzhou and just turned six. Like most small and medium-sized enterprises, it is unknown and hidden in the shade of trees in Guangzhou Science and Technology Park. However, such a company has taken the lead in the digital interactive display market, defeating the giants of Europe, America, Japan and South Korea, including Toshiba, and becoming a "big fish in a small pond". It is this enterprise that has been highly concerned by the country.
2004165438+1October 18 Chairman Wu Bangguo inspected Weichuang. On February 22nd of the same year, 65438+, General Secretary Tao Jin visited Flextronics during his inspection tour in Guangdong, and wrote four characters of "outstanding innovation". On September 12, 2005, Garbo inspected VTRON and inscribed "Leading the Future, World Famous Brand". China countries have fully affirmed the growth and development of VTRON, and their deep concern and ardent expectation for VTRON has become a great motivation for VTRON and VTRON people. Weichuang will continue to adhere to the road of "reform and innovation" in the future to create more value for customers and society.
"Six of the nine central authorities have visited the company." In fact, in addition to the central leadership, Flextronics Video has become a must-see for leaders of various ministries and heads of state. "Among the first batch of 9 1 science and technology innovative enterprises in China, there are only 900 Weichuang videos, which are on a par with Shenhua, CLP, ZTE and Huawei, and the order of magnitude is several times or even dozens of times that of Weichuang." Tang Minchao, deputy general manager of Weichuang Video, said.
"The customer's success is our success". The rapid development of VTRON in the field of digital display will surely make it a global leader in the field of centralized information display.
"invisible champion" focuses on market segments
At the beginning of Weichuang's business, most domestic IT enterprises engaged in PC assembly and production were still in the middle of the value chain, and the competition among them was fierce. After careful consideration, several entrepreneurs of Weichuang decided to give up the PC industry and chose the "blue ocean" of the ultra-high resolution digital splicing wall system market.
By finding market segments, Flextronics accurately locates and focuses on visual information exchange solutions. In 2003, in the bidding project of digital display wall of Shenzhen Metro, which was participated by many world-renowned enterprises, Weichuang Company won from the strong competitors and built the OCC dispatching system of Shenzhen Metro, which is known as the "global rail transit discount". In addition, the multi-monitoring system of Three Gorges cascade dispatching, water dispatching and permanent shiplock, which is folded into Asia Telecom, the new network management control center of Guangdong Telecom, and the water conservancy and hydropower of China, are all masterpieces of Weichuang. Today, Weichuang's products have created more than 2,000 classic engineering cases around the world, covering Chinese mainland, Indian, Korean, Russian, Norwegian and other countries and regions, and are widely used in electric power, telecommunications, transportation, energy, government, military and other fields.
IDB (Interactive Digital Blackboard, a multifunctional writing platform integrating digital rear projection, interactive electronic whiteboard and computer, and a modern high-tech innovative product) products also shined brilliantly during the Olympic Games broadcast. Through IDB, the host introduced the northern culture to the audience of the whole country and even the whole world, delivered the Olympic information and event comments, and interacted with the audience and other hosts.
Innovation must create value.
Independent intellectual property rights, key technologies and continuous innovation ability are the core competitiveness that Flextronics can lead in the digital mosaic display "blue ocean".
"Weichuang regards innovation as the main development direction of the enterprise from the early stage of its business," Lu Ruxi, the company's chief engineer, told reporters. In terms of independent innovation, Weichuang attaches great importance to the research and development of technologies and products with independent intellectual property rights. As of June 2008, Weichuang has obtained and is applying for patents 125, including 68 invention patents. According to reports, the authorization rate of Weichuang's invention patent application was as high as 100% two years ago, far exceeding the national average authorization rate of 20%.
Weichuang clearly put forward in the pursuit of enterprise value: "Innovation must produce value, otherwise innovation is meaningless. We emphasize that innovative products must be well received by customers and have strong vitality. "
As early as 2005, Weichuang's world's largest and highest resolution display system was applied in Shenzhen Metro Dispatching and Monitoring Center. This huge digital display wall with an area of 1 10 square meter and 8 1 screen has more than 60 million pixels, but its whole screen refresh rate is less than 2 seconds. At present, Weichuang has developed an ultra-high definition giant screen display system with 130 screen and hundreds of millions of pixels, breaking the monopoly position of foreign-funded enterprises in the display field in the past. The research achievement won the first prize of Guangdong Science and Technology Progress Award.
In July this year, at the "Working Conference on Innovative Enterprise Construction" jointly organized by the Ministry of Science and Technology, the State-owned Assets Supervision and Administration Commission and the All-China Federation of Trade Unions, Weichuang, together with giants such as Huawei and ZTE, was awarded as one of the first batch of 9 1 "innovative enterprises" in China. At present, innovation is constantly providing strong market competitiveness for Weichuang, and its self-developed product sales have accounted for more than 80% of the company's total sales. At the same time, Weichuang also cooperated with relevant state departments to draft the industry standard of monitor splicing wall.
Attach importance to investment and management innovation
In 2006, Weichuang was selected as the first batch of 103 "innovative pilot enterprises" in China. Subsequently, the state conducted enterprise innovation and intellectual property training for the pilot enterprises, and Weichuang Company benefited a lot. Previously, Flextronics' investment in R&D accounted for 5% of the company's turnover. Since then, Flextronics' R&D funds have increased substantially every year. As of the first half of this year, R&D funds have accounted for 65,438+00.83% of operating income. At the same time, in the process of increasing capital investment, Weichuang has continuously improved the R&D architecture and attached great importance to the introduction and training of scientific and technological talents. At present, Weichuang's technicians account for more than 50% of the company's personnel and are the main core of technological innovation.
In addition to vigorously introducing R&D talents, Weichuang also encourages R&D personnel to innovate through incentive mechanism. The "scientific and technological innovation reward management system" established by Weichuang has greatly improved the initiative and enthusiasm of technicians for invention.
Walking in Weichuang Company, we can find that the word "innovation" has always been carried by all employees-Weichuang Company has printed the core values on the badges of every employee. Innovation, has become the soul of people who go deep into Wei Chuang and become the most powerful fighting force to meet challenges.
Weichuang Company has always insisted that "the success of customers is our success". The rapid development of VTRON in the field of digital display splicing wall will surely make it a global leader in the field of centralized information display.
Weichuang shares: a leader in the field of visual information communication.
Guangdong Weichuang Video Technology Co., Ltd. issued a letter of intent for offering 53.45 million new shares to the public and landing on the A-share market.
The company was established in August 2002. Since its establishment, the company has been focusing on the field of visual information communication, improving customers' work efficiency and competitiveness with systematic solutions of visual information communication, and providing customers with visual information communication products integrating hardware equipment, software platform and industrial application solutions.
The company's main products are VW series and IDB series, with strong professionalism. VW series products (referring to ultra-high resolution digital splicing wall system) are mainly aimed at control rooms in various industries. This product has the characteristics of ultra-high resolution, multiple signal sources, super-large screen and seamless display, which meets the needs of users for centralized display, centralized monitoring and centralized command and scheduling, thus effectively improving the work efficiency and quality of monitoring personnel and completing the work that can not be completed before a single display screen; IDB series products (full name interactive digital platform) integrate many functions such as high-definition display, touch operation, digital drawing board, multimedia information display, remote data conference, interactive wireless projection and so on. It is a set of products aimed at improving the efficiency and quality of group communication. It consists of intelligent interactive terminal system and application software system based on interactive function, and is mainly used for meetings, education and training.
In the field of mass products, there are not many enterprises with full-line technology, and Weichuang Co., Ltd., as an enterprise with full-line technology, is at the forefront of the industry. At the same time, the company has continuously increased investment in product research and development, and many technologies are at the international leading level. By establishing a good brand image, the company has formed a perfect domestic marketing and agency network. Because of this, the company's operating income has maintained steady growth in the past three years, and Volkswagen products have maintained the first domestic market share for many years.
With the continuous expansion of the application field of mass products, the market demand will maintain rapid growth. In the traditional field, with the rapid growth of IT investment in China, the substantial increase of information and the gradual improvement of information and integrated management requirements in various industries, users in various industries have an increasing demand for seamless display of ultra-high resolution, multi-signal sources and super-large screen images. In the new field, with the digital network video (IP video) monitoring gradually becoming the mainstream of video monitoring, digital network video monitoring has been extended from expressway, unattended computer rooms (substations, telecommunications rooms, etc.) and other monitoring points. ) to the remote monitoring application field which has great demand for centralized monitoring. With the development of computer network technology and IP video surveillance, the wide application of global positioning system (GPS) technology and geographic information system (GIS) technology, and the graphical trend of application software, mass products based on intelligent video surveillance technology will also make great progress.
IDB products are innovative products in the field of visual information communication, and are currently in the period of market expansion and promotion. But from the perspective of its alternative projection, electronic whiteboard and remote video conference system, its potential market space is very huge.
In this IPO, the company plans to raise 448 million yuan for the expansion of ultra-high resolution digital splicing wall system, information construction and R&D center expansion.
The implementation of the Volkswagen expansion project will ensure that the company will seize the opportunity of rapid market start, maintain the first domestic market share and ensure the steady growth of the company's business. On the basis of making full use of information technology, the informatization construction project will realize and improve the company's product design ability, technology research and development ability, supply chain management ability, marketing management ability and all kinds of basic data management ability with the help of advanced management software platform. The smooth implementation of the expansion project of R&D Center will help to realize the rapid improvement of the overall R&D strength of the company as soon as possible, maintain the leading position of products and technologies, help the company to realize the development of technology-driven business model in the future business development, and enhance its core competitiveness in the face of global competition.
The company's future development prospects are optimistic. First, the company's products are in line with the development trend of IT products and technologies, and the future demand is expected to show an accelerated growth trend. Second, the company's "smile curve" business model helps the company maintain strong profitability. Third, the company continues to increase investment in research and development, with strong technical reserves and guaranteed long-term development. Fourth, the stability of the company's management team and core personnel will be very conducive to the sustainable and healthy development of the company.
Essence Securities said that based on the optimistic expectation of the company's long-term development prospects, it is estimated that the company's earnings per share in 2009, 20 10 and 2010/year will be 0.60 yuan, 0.80 yuan and10.09 yuan respectively. Considering the company's high growth and strong profitability, the reasonable pricing range of the company on the first day of listing is 28.04-32.04 yuan, which is equivalent to 35-40 times of PE in 20 10. The company's products include smart grid, Internet of Things, WINDOWS7 and many other concepts.