Space 21: The leader in high-speed commercial satellite remote sensing big data services
Investment Highlights: The company is a leader in domestic commercial satellite remote control services, focusing on commercial satellite remote control big data services and solutions.
The company’s satellite remote sensing data and service products are mainly used for government departments, scientific research institutes and public institutions to conduct ground observation and information collection.
The company specializes in commercial remote sensing satellite operation, data acquisition, processing and solution provision. Currently it has “Beijing 2” series of 3 reverse satellites in orbit. Satellite manufacturing and launching are completed by many professional manufacturers.
The company is a leader in domestic commercial satellite remote sensing data services. Since its establishment, it has participated in a number of scientific research projects jointly supported by the “10th Five-Year Plan”, the National 863 Plan and Beijing, and then invested in the construction of the “Beijing 1” remote sensing small satellite system., And it is the first in China to provide commercial satellite remote sensing data services.
The company’s operating income has grown rapidly, with a stable customer structure and strong profitability.
The company is located in a high-speed growth period, with a compound growth rate of 45 in the past two years.
The company’s gross profit margin has declined slightly in recent years, but is still at a relatively high level, with a gross profit margin of 53 in the past two years.
16% / 54.
34%. The slight decrease in gross profit margin was mainly due to the completion of the company’s own reflection satellite constellation “Beijing 2” and its depreciation.
The company is extremely well-known in research and development. The proportion of research and development expenditure in the past three years has remained at about 10%, and the compound growth rate of research and development investment in the past three years has reached 41.
73%, accounting for 10% of revenue.
26%, the absolute amount of research and development costs continues to increase and the proportion is stable.
The company’s overall net interest rate is relatively high, at 11 in the past two years.
02%, reflecting the overall profitability of the product, as well as cost and expense control ability indicators.
The company’s commercial satellites have their own and independent operation and control capabilities, and they have covered the entire industrial chain of satellite data services.
The company is ahead of its competitors in satellite development and autonomous operation control, and has the ability to acquire, process, analyze and apply satellite reverse data.
The company is a leader in satellite remote sensing data acquisition and processing. The company’s “Beijing 2” constellation includes 3-star sub-meter full-color satellites that 杭州桑拿 transform 4 meters of multi-spectral resolution satellites. It has the ability to revisit any place in the world for 1-2 days.The level of measurement and control technology has reached the international advanced level of the same kind, and it is currently the only commercial inverted satellite constellation planned by the national civil space infrastructure in China.
At the same time, the company successively conquered key technologies such as cloud-free screening of stored data on the satellite, satellite intelligent observation, rapid surface change, and dynamic monitoring, laying the foundation for the subsequent participation in major projects such as “Digital China”, “Belt and Road”, and smart cities.
It is recommended to use PE or PEG estimation.
According to the “Rules for the Examination and Listing of Stocks 深圳桑拿网 of the Science and Technology Innovation Board of the Shanghai Stock Exchange” issued by the Shanghai Stock Exchange, the listing standard chosen by the issuer is “the estimated market value is not less than RMB 1 billion.The profit is not less than RMB 50 million, or the expected market value is not less than RMB 1 billion. The net profit in the latest year is positive and the operating income is not less than RMB 100 million.
The growth rate of the satellite remote sensing service market is accelerating; the lifetime of its own satellites is less than expected, leading to the risk of missing orbiting satellites.