No. 6 Caipin Road, Guangzhou High-tech Industrial Development Zone
That is No. 6 Caipin Road, Guangzhou Science City
Telephone: (020)2232 8888 2221 3439
www.vtron.com
jiweiyu@vtron.com .
Headquarters VTRON Corporation is located in WAXHAW City, USA. As the world's most famous high-precision multi-screen As one of the display system providers, Weichuang Rixin Company has been widely used and established a profound influence around the world by virtue of its well-known brand and excellent talent team in the industry. VTRON came to China in 1998 and established Guangdong Vicron Video Technology Co., Ltd. as a wholly-owned subsidiary, and developed into VTRON's most influential R&D (Ramp; D), production (Manufacture), sales (SALES), Engineering (Engineering) base is also one of the most dynamic organizations of the VTRON Group worldwide. The core values ??of "collaboration, responsibility, and innovation"/
Founded in August 2002, the company has been focusing on the field of visual information communication since its establishment, improving customers' work with system solutions for visual information communication Efficiency and competitiveness, providing customers with visual information communication products that integrate hardware equipment, software platforms and industry application solutions.
Guangdong Vtron Video Technology Co., Ltd. is a foreign-invested enterprise established by VTRON in China and is VTRON's production base in China. VTRON is located in Guangzhou Science City, a national high-tech industrial development zone.
VTRON specializes in the R&D, production, sales and service of high-definition large-screen digital display video wall systems (large digital TV walls), interactive digital blackboards and other products. It 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 for its full line of products. VTRON's system products have created more than 600 classic engineering cases around the world, covering many countries and regions including mainland China, Hong Kong, Taiwan, the United States, Israel, Japan, Germany, the Netherlands, Switzerland, Norway, Spain, South Korea, Turkey and Chile. regions, applied to various fields such as electric power, telecommunications, transportation, energy, government, public security, military, etc. Many of them have become the "first" projects in the industry or region: such as: "The First Screen of Global Rail Transit"--Shenzhen Metro OCC dispatching system, "Asia Telecom's first screen" - Guangdong Telecom's new network management control center, "the first China Congress linkage emergency center" - Nanning Congress linkage emergency center, etc. In China, among the many internationally renowned brands in the industry, the VTRON brand ranks first in sales for four consecutive years.
"Technological innovation and product leadership" are one of the core competitiveness of the enterprise. VTRON focuses on the investment and construction of R&D capabilities, and applies the advanced results of R&D to production in a timely manner, making the company's products and systems at the internationally leading level in display application solutions in various industries.
VTRON company has strong comprehensive competitive advantages, effectively uses scientific management methods and implements strict product quality inspection to ensure the continuous and sustainable development of the enterprise. VTRON's factory has obtained the international ISO-9001:2000 series quality certification, and its main products have obtained internationally recognized safety certifications such as EU CE, US UL, and China CCC. VTRON is the DLP product partner authorized by American TI company around the world. VTRON has formed partnerships with many powerful international companies in various application fields.
VTRON company has R&D, production, marketing, service and other organizational structures. The marketing system in China mainly includes: VTRON North Office, VTRON Shanghai Office, VTRON Guangzhou Office, Marketing Department, Technical Support Department, Customer Engineering Service Department, etc.
VTRON provides services to global customers with its professional and experienced sales team and technical support team; provides solutions with the best performance-price ratio for different industries; implements complete pre-shipment system testing and factory inspection; provides high-quality systems Installation, training, maintenance and upgrade services.
"The sound is loud, the road is invisible" is very apt for Witron Video. This company was born in Guangzhou and has just turned six years old. Like most small and medium-sized enterprises, it is unknown and hidden in Guangzhou Technology. The park is surrounded by green trees. However, such a company dominates the digital interactive display market and is proud of its peak, defeating European, American, Japanese and Korean giants including Toshiba, and becoming a "big fish in a small pond". It is this company that has received great attention from the country.
On November 18, 2004, Chairman Wu Bangguo inspected VTRON. On December 22 of the same year, General Secretary Jintao visited VTRON in person during his inspection tour of Guangdong and wrote the four characters "Excellent VIC"; on September 12, 2005, Jiabao inspected VTRON and wrote "Leading the future, world "Famous Brand" inscription. The Chinese state has fully affirmed the growth and development of VTRON. Their deep concern and ardent expectations for VTRON have become a huge motivation for VTRON and VTRON people. VTRON will continue to adhere to the path of "reform and innovation" in the future to create more value for customers and society.
“Six of the nine central governments have come to inspect the company.” In fact, in addition to central leaders, Witron Video has become a must-visit place for leaders of ministries and commissions and heads of state when they come to Guangzhou. "Among the 91 first batch of scientific and technological innovation enterprises in China, Witron Video, which currently has only 900 people, is on par with Shenhua, China Electronics Group, ZTE, and Huawei, and their magnitude is several times or even dozens of times that of Witron " said Tang Minchao, deputy general manager of Witron Video.
"Customer's success is our success." VTRON's rapid development in the field of digital display will surely make it a global leader in the field of centralized information display.
“Hidden champions” focus on market segments
At the beginning of Witron’s business, most of the domestic IT companies engaged in PC assembly production were still at the middle level of the value chain. The competition is also fierce. After careful consideration, several entrepreneurial veterans of Witron decided to abandon the PC industry and chose the "blue ocean" of the ultra-high-resolution digital video wall system market.
By looking for market segments, Witron accurately positioned itself and focused on visual information exchange solutions. In 2003, in the Shenzhen subway digital display wall project bidding project that many world-renowned companies participated in, Weichuang Company won the bid from strong competitors and won the bid with its technical advantages, building what is known as the "first screen of global rail transit" Shenzhen Metro OCC dispatching system. In addition, "Asia Telecom's first screen" - Guangdong Telecom's new network management control center, "China's water conservancy and hydropower first screen" - the Three Gorges ladder diversion, water diversion, and permanent ship lock monitoring systems are all from Witron masterpiece. Today, Witron's products have created more than 2,000 classic engineering cases around the world, covering mainland China, India, South Korea, Russia, Norway and other countries and regions, and are widely used in power, telecommunications, transportation, energy, government, military and other fields.
The IDB (interactive digital blackboard, a multi-functional writing platform that integrates digital rear projection, interactive electronic whiteboard, and computer, and is a modern high-tech innovative product) products were also used during the broadcast of Olympic events. With great success, the host introduced Northern Humanities to audiences across the country and even the world through IDB, delivered Olympic information and commented on the event, and interactively communicated with the audience and other hosts.
Innovation must create value
Independent intellectual property rights, key technologies and continuous innovation capabilities are the core competitiveness of Witron that can lead the "blue ocean" in the field of digital splicing display.
“Wei Chuang has strategically determined innovation as the main development direction of the company since its early days,” Lu Ruxi, the company’s chief engineer, told reporters. In terms of independent innovation, Witron attaches great importance to the research and development of technologies and products with independent intellectual property rights. As of June 2008, Witron has obtained and is applying for 125 patents***, including 68 invention patents.
According to reports, Witron's invention patent application grant rate two years ago was as high as 100%, far exceeding the national average application grant rate of 20%.
Vitron clearly states in its corporate value pursuit: "Innovation must generate value, otherwise innovation is meaningless. We emphasize that innovative products must be well received by customers and have strong vitality."
As early as 2005, Witron's world's largest and highest-resolution display system was applied in the Shenzhen Metro Dispatching and Monitoring Center. This 81-screen ultra-high-resolution giant digital display wall covers an area of ??more than 110 square meters. Although it has more than 60 million pixels, its entire screen refresh rate is less than 2 seconds. At present, Witron has developed a 130-screen, ultra-high-definition giant-screen display system with hundreds of millions of pixels, breaking the previous monopoly of foreign companies in the display field. This research result won the first prize of Guangdong Province Science and Technology Progress Award.
In July this year, at the "Innovative Enterprise Construction Work Conference" co-organized by the Ministry of Science and Technology, the State-owned Assets Supervision and Administration Commission, and the All-China Federation of Trade Unions, Witron, Huawei, ZTE, etc. Together with the giants, it was rated as one of the first 91 "innovative enterprises" in China. At present, innovation is continuously providing strong market competitiveness for Weitron, and the sales of its independently developed products account for more than 80% of the company's total sales. At the same time, Witron also cooperates with relevant national departments to draft industry standards for display splicing walls.
Attach importance to investment and management innovation
In 2006, Wetron was selected as one of the first 103 "innovative pilot enterprises" in the country. Subsequently, the state carried out training on corporate innovation, intellectual property rights and other aspects for pilot companies, which benefited Witron a lot. Previously, Weichuang's technology research and development investment accounted for 5% of the company's turnover. Since then, Witron's annual R&D funding has continued to increase significantly. As of the first half of this year, R&D funding accounted for 10.83% of operating income. At the same time, in the process of increasing capital investment, Witron continues to improve the construction of its R&D structure and attaches great importance to the introduction and training of scientific and technological talents. Currently, Witron's technical personnel account for more than 50% of the company's personnel, and they are technologically innovative. Main core.
In addition to vigorously introducing R&D talents, Witron also encourages R&D personnel to innovate through incentive mechanisms. The "Technology Innovation Reward Management System" established by Witron has greatly improved the initiative and enthusiasm of technical personnel for invention.
Walking around Weitron, you can find that the word "innovation" is carried by all employees at all times - Weitron has printed its core values ??on each employee's badge. Innovation has become the soul of Witron people and has become the most powerful fighting force to meet challenges.
Weichuang Company has always insisted: "The success of our customers is our success." VTRON's rapid development in the field of digital display video walls will surely make it the global leader in centralized information display.
Wetronics: a leader in the field of visual information communication.
Guangdong Weichuang Video Technology Co., Ltd. issued a prospectus and plans to publicly issue 53.45 million new shares to 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 system solutions for visual information communication, and providing customers with integrated hardware A visual information communication product integrating equipment, software platform and industry application solutions.
The company's main business products are VW series and IDB series products, which are highly professional.
VW series products (referring to ultra-high-resolution digital splicing wall systems) are mainly targeted at control rooms in various industries. The products have ultra-high resolution, multiple signal sources, ultra-large screens, seamless displays and other features to meet the needs of users. Centralized display, centralized monitoring, centralized command and dispatching requirements, thereby effectively improving the work efficiency and quality of monitors, and completing work that cannot be completed in front of a single display screen; IDB series products (full name interactive digital platform) integrate high-definition display, touch operation, digital It is a set of products designed to improve the efficiency and quality of group communication. It consists of an intelligent interactive terminal system and an application software system based on realizing interactive functions. Composed, mainly used for conferences and educational training.
In the field of VW products, there are not many companies with full-line technologies, but as a company with full-line technologies, VIC is at the forefront of the industry. At the same time, the company continues to increase investment in product research and development, and many technologies are at the leading international level. By establishing a good brand image, the company has formed a complete domestic marketing and agent network. Because of this, the company's operating income has maintained steady growth in the past three years, and VW products have maintained the first place in the domestic market share for many consecutive years.
As the application fields of VW products continue to expand, market demand will maintain rapid growth. In traditional fields, with the rapid growth of my country's information IT investment, the substantial increase in the amount of information, and the gradual increase in the information and integrated management requirements of various industries, users in various industries are demanding ultra-high resolution, multiple signal sources, There is an increasing demand for seamless display of very large screen images. In terms of new fields, as digital network video (i.e. IP video) surveillance gradually becomes the mainstream of video surveillance, digital network video surveillance has extended from monitoring points such as highways and unattended computer rooms (substations, telecommunications computer rooms, etc.) to centralized In the field of remote monitoring applications where there is a large demand for monitoring. With the development of computer network technology and IP video surveillance, as well as the widespread application of Global Positioning System (GPS) technology and Geographic Information System (GIS) technology, coupled with the graphical trend of application software, VW based on intelligent video surveillance technology Products will also achieve considerable development.
IDB product is the company's innovative product in the field of visual information communication. It is currently in the market expansion and promotion period. However, judging from its alternative projection, electronic whiteboard and remote video conferencing system, its potential market space is Very huge.
With this IPO, the company plans to raise 448 million yuan for three projects including the expansion of ultra-high-resolution digital splicing wall systems, information construction, and expansion of R&D centers.
The implementation of the VW expansion project will ensure that the company seizes the opportunity of rapid market launch, maintains the first place in the domestic market share, and ensures stable growth of the company's business. The information construction project will make full use of information technology and use advanced management software platforms to achieve and improve product design capabilities, technology research and development capabilities, supply chain management capabilities, marketing management capabilities, and the company's various basic data management capabilities, etc. . The smooth implementation of the R&D center expansion project will help to rapidly improve the company's overall R&D strength as soon as possible, maintain the leadership of products and technologies, and help the company achieve the development of a technology-driven business model in future business development. , to enhance the company’s core capabilities in facing global competition.
The company's future development prospects are optimistic. First, the company's products are in line with the development trends of IT products and technologies, and future demand is expected to show accelerated growth. 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, has abundant technical reserves, and ensures long-term development. Fourth, the stability of the company's management team and core personnel will be very conducive to the company's sustainable and healthy development.
Essence Securities stated that based on its optimistic expectations for the company's long-term development prospects, the company's EPS is expected to be 0.60 yuan, 0.80 yuan and 1.09 yuan respectively in 2009, 2010 and 2011. Taking into account the company's high growth and strong profitability, the company's reasonable pricing range on the first day of listing is 28.04-32.04 yuan, which is equivalent to 35-40 times the PE in 2010.
The company's products have multiple concepts such as smart grid, Internet of Things, and WINDOWS7.