On December 21, the Beijing Municipal Bureau of Economics and Information Technology and the Beijing Federation of Industry and Commerce announced the list of the first batch of "hidden champion" enterprises in Beijing. 20 "specialized enterprises" including Qi'anxin and Oriental Yuhong "Specially new" enterprises are on the list.
From the perspective of identification, "hidden champion" companies must master a certain "superior skill" in their segmented fields. Market value observation analysis has sorted out 5 of them. Let’s see why they were selected?
1. Qi’anxin
Qi’anxin is a leading domestic network security provider based on big data, artificial intelligence and security operation technology. The company’s main business is specifically for governments, enterprises, education, Financial and other institutions and organizations provide enterprise-level cybersecurity technologies, products and services.
Public information shows that as of March 2021, the company’s product line has covered 13 first-level security fields and 94 second-level subdivisions (about 90% of government, enterprise and various industry networks). Security segment), and has carried out security business in Indonesia, Singapore, Canada and other countries and regions.
According to the IDC report, in 2020, the company ranked first in the market share of domestic security analysis and threat intelligence, security services, terminal security, cloud security and other product businesses. The leading position in some of these fields is still improving.
In addition, the company also has four major reputation databases: IP, DNS, URL, and file black and white lists, and has established a company security threat intelligence center. It is the leading commercial network security threat intelligence center in China and the largest threat intelligence center. One of the data owners.
The company attaches great importance to technological innovation and has comprehensively deployed the "Platformization of R&D capabilities" strategy to form eight major R&D platforms. According to the CCIA Top 50 selected by the China Cybersecurity Industry Alliance (CCIA) in 2021, Qi'anxin was rated as competitive. No. 1, the resource ranking is also among the top ten, and it is in the echelon of industry leaders. The total R&D expenses from 2017 to 2020 were 3.634 billion yuan, accounting for 36.5% of the cumulative revenue.
Due to the gradual expansion of network security product revenue, the company's operating income continues to grow rapidly. In the first three quarters of 2021, the company's total revenue was 2.674 billion yuan, a year-on-year increase of 43.02%, with a gross profit margin of 62.58%, and a CAGR of 58.67% from 2016 to 2020.
2. Dongfang Yuhong
A leader in the domestic waterproofing industry, the company began to develop and produce TPO waterproofing membranes in 2009, and has now built and put into operation 5 polymer waterproofing membrane production, R&D and logistics The base has 28 large and small production lines at home and abroad, and its products basically cover the general waterproof field and coating market.
In 2011, the company's TPO products became the first domestic waterproofing company to pass FM certification, and later successively obtained CE certification and GOST certification. At present, the company has 13 categories of subdivided products certified as green building materials products by China Building Materials Inspection and Certification Group, and in June this year, it obtained the first domestic green building materials product certification certificate issued by China Building Materials Inspection and Certification Group.
After years of development, the company has accumulated a good reputation in the industry, and has been awarded the title of excellent supplier by many real estate customers such as Vanke, Country Garden, Poly, and Greenland, and has been ranked among the top 500 waterproof materials in real estate for many years. The preferred brand among suppliers, with a preference rate of 36%.
In addition to the waterproofing business that ranks first among real estate developers, the company's architectural coatings, building repairs, mortars, and insulation materials are among the top three among real estate developers, with obvious brand advantages.
At the same time, thanks to the country’s vigorous promotion of the development of rooftop distributed photovoltaics, the company has recently signed strategic cooperation agreements with well-known manufacturers such as Xinyi Power Supply, JA Solar Technology and Ruihe Technology,* **Co-promote the development and sales of BIPV.
The third quarterly report shows that in the first three quarters of 2021, the company's revenue and profit achieved double growth, with operating income totaling 22.68 billion yuan, a year-on-year increase of 51.4%; net profit attributable to the parent company was 2.68 billion yuan, a year-on-year increase 25.7%.
3. Chuangda
The world's leading platform-based intelligent operating system service provider. The company provides full-stack software services with operating systems as the core. Its business covers intelligent software, Three major sectors: smart cars and smart Internet of Things.
As one of the earliest companies in China to start Android system research and development, Thunderstar has profound accumulation and leading advantages in comprehensive technical capabilities based on Android systems, and has more than 1,000 independently developed technology patents. and software copyright.
Currently, the company already has leading intelligent terminal solutions and can provide customers with high-quality engineering and technical services and comprehensive technical consultation.
The company has always adhered to a technology-driven development strategy, with R&D personnel accounting for 92% and R&D investment increasing year by year. According to statistics, Chuangda's subsidiaries and R&D centers are located in more than 30 regions around the world, with more than 800 customers and more than 100 Fortune 500 companies in the industry chain.
These include world-renowned chip manufacturers such as Qualcomm, Huawei, ARM, Samsung Semiconductor and Inter, first-class mobile phone manufacturers such as OPPO, VIVO, Xiaomi and Samsung, as well as well-known leaders such as Tencent, Baidu, Alibaba and Alipay. application software manufacturers.
The annual report shows that after 2017, benefiting from the explosion of demand for smart cars and the Internet of Things business, the company's operating income and profits have maintained rapid growth. From 2017 to 2020, the company's revenue compound growth rate reached 31.2 %, and the CAGR of net profit attributable to the parent company is as high as 78.4%.
In the first three quarters of 2021, the company achieved revenue of 2.672 billion yuan, a year-on-year increase of 49.5%.
4. GigaDevice Innovation
A leading domestic leader in storage and MCU chip design, the company's current core business mainly includes three parts: storage chips, microcontrollers and sensors.
The company was founded in 2005, with NOR Flash as its traditional main business. In 2020, the company ranked third in global market sales, with a market share of 15.6%, ranking first among mainland manufacturers.
The company also has the most complete ARM architecture MCU product line in China and is the domestic leader in the 32-bit MCU field. It has 33 product series, more than 400 models, a variety of packages, and a full range of Covering the high, middle and low-end markets. In 2020, its MCU market share in China reached 1.07%, ranking first among local MCU manufacturers in China's 32-bit MCU market in terms of shipments for five consecutive years.
As an IC design company, the company focuses on integrated circuit design and final sales. Its current main partners include SMIC, TSMC, UMC, Huahong Group, Intel, Samsung and Canon. Waiting for domestic and foreign first-tier manufacturers.
In terms of R&D expenses, judging from the financial report disclosure data, the company attaches great importance to R&D investment. In 2020, its total investment was 541 million yuan, a year-on-year increase of 37%. The R&D expense rate has been higher than 10% all year round and continues to rise.
From 2016 to Q3 of 2021, the company's revenue and net profit attributable to the parent company have always maintained rapid growth. In Q3 of 2021, market demand continued to be strong, the company's product supply increased, and revenue and net profit increased by 99.45% and 144.92% year-on-year.
5. Beidou Starcom
The leading domestic Beidou chip company, one of the largest R&D, manufacturing and suppliers of global user navigation and positioning products, solutions and services, focusing on satellites Navigation and positioning, 5G communications and automotive intelligent networking are three industry fields.
The company insists on leading business expansion with technological innovation and relies on the leading role of technology and R&D. In 2019, it successfully released the country's first 22nm independently developed Beidou chip - the industry's leading radio frequency baseband integrated navigation. Locate the chip.
In the satellite navigation and positioning industry, the company's products have covered the entire industry chain in the Beidou field, and are leading domestically and world-class. Among them, satellite navigation high-precision positioning chips with independent intellectual property rights rank first in domestic market share.
In the field of communication device business, the company is one of the few companies in China that has independent intellectual property rights in preparing low-temperature ceramic material preparation technology and has achieved large-scale production. It has now entered a segment with high technical barriers. field, supplying to head communication equipment manufacturers such as Huawei.
In the field of automotive intelligent network connection business, after years of development, the company has now established a complete technology research and development and production and manufacturing system, and has established cooperation with domestic first-tier automobile manufacturers such as Changan, Geely, BAIC and SAIC Volkswagen. Long-term and stable cooperative relationship.
According to the financial report, thanks to the recovery of the industry and the growth of demand, the company's performance has achieved rapid growth in recent years. In 2020, it achieved revenue of 3.624 billion yuan, a year-on-year increase of 21.34%; attributable net profit was 147 million yuan, a year-on-year increase of 122.50%.
This article involves content about listed companies and is the author’s personal analysis and judgment based on the information publicly disclosed by listed companies in accordance with their legal obligations (including but not limited to temporary announcements, periodic reports and official interactive platforms, etc.) ; The information or opinions in this article do not constitute any investment or other business advice, and Market Value Watch does not assume any responsibility for any actions resulting from the adoption of this article.
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