The network products independently developed by the company won several provincial and ministerial-level scientific and technological progress awards, among which the broadband network multimedia system and terminal won the first prize of scientific and technological progress in Henan Province.
In 2005, Wycombe's broadband network multimedia solution won the China IPTV Best Solution Award from People's Posts and Telecommunications and China Information Industry Network.
The company has built an operation system with research institute, broadband information service center and marketing center as the main support. Relying on strong R&D strength and nationwide marketing platform, it has formed two profit growth points: system sales and business operation. The company fully implements ISO900 1:2000: 2000 international standards, implements standardized management and control in the process of product design and development, production, installation and service, and forms a quality management system of "focusing on customers, full participation and continuous improvement".
In terms of corporate governance, according to the Company Law of People's Republic of China (PRC) and the Articles of Association, the shareholders' meeting, the board of directors, the corresponding special committees, the board of supervisors and the management responsible to the president have been established. At the same time, the Rules of Procedure for the Shareholders' Meeting, the Rules of Procedure for the Board of Directors and the Rules of Procedure for the Board of Supervisors were formulated to promote the coordinated operation of various institutions and effectively check and balance and standardize their operations.
Since its establishment, the average annual growth rate of sales revenue is 83. 17%, net profit is 239.6%, shareholders' equity is 6 1.79%, average annual return on net assets is 24.58%, and return on investment is 13.63%.
The company's main business includes: providing broadband network multimedia system equipment for telecom operators, providing diversified products for end users, and providing various interactive services including e-commerce, distance education, instant messaging, interactive entertainment and so on for industry and home users by using the self-developed broadband network multimedia operation platform. The products and services provided by the company are based on the existing broadband network, with "set-top box+TV" as the user terminal, helping telecom operators to increase their income and APRU value, and bringing TV users to the Internet.
IPTV, namely interactive network TV, is a brand-new technology that integrates Internet, multimedia, communication and other technologies to provide users with a variety of interactive services including digital TV. With the improvement of Internet technology and application environment, IPTV with great development potential in the future has been vigorously promoted around the world.
Lehman Brothers, an internationally renowned investment bank, recently published a report saying that with the gradual start of IPTV market, the global telecom equipment market will usher in a new turning point. The report quoted the forecast of Infonetics, an American market research company, that the number of IPTV users will reach 20 million in 2008 and 53 million in 2009, and the investment in IPTV network facilities will increase from 400 million in 2005 to 26 billion, including 6 billion in IPTV telecom equipment. IDC, a well-known consultancy, pointed out in the report "China IPTV Market 2006-20 10" that China is the largest potential market for IPTV in the world. Television is the first entertainment for China people, and it is booming all over the country. The network is rich in information and fast in service, and the combination of the two will have a very broad development prospect.
Wycombe has always been in the leading position in IPTV industry and has great development potential. Since 2000, the company has been involved in the IPTV field, and has long been committed to the technical development of broadband network multimedia systems and the development of various application services. Wycombe broadband network multimedia adopts a distributed architecture that conforms to the existing broadband network layout, and through the patented technology with independent intellectual property rights, it solves the problem of ensuring the service quality of broadband network multimedia based on the Internet and supporting the compatibility of serial coding formats. At the same time, integrate industry information resources according to market demand, and solve the content bottleneck of broadband network multimedia at a lower cost. Wycombe broadband network multimedia solution is based on innovative core technology, aiming at solving effective market demand, integrating system equipment, terminal products and operating platform, and is a cost-effective solution at present.
The company actively cooperated with the strategic layout of the central new rural construction, established the largest IPTV user group in China based on the rural market with the strongest demand for IPTV services, and promoted the rural informatization construction in China at a lower cost. On the other hand, by tapping the needs of industry customers, the unique broadband network multimedia multi-service operation mode solves the specific application of industry informatization and effectively promotes the development of IPTV in cities.
In short, Wycombe has the core technology of broadband network multimedia with independent intellectual property rights and all-round system solutions; Created a unique broadband network multimedia business model and promoted the development of the entire IPTV industry.
Wycombe believes that the next three to five years will be the most explosive development stage of IPTV industry and an important period for the company to accelerate its development. Wycombe will continue to maintain its sustained growth and leading position in the industry, and plans to achieve sales revenue of 654.38 billion yuan in 2008, becoming the most competitive solution provider in the domestic IPTV market; In 20 10, a world-class IPTV research base and the largest IPTV user base will be established, and an internationally renowned brand in the IPTV field will be built.