The wireless communication module is widely used, and its products span 2G/3G/4G: the company's main product is a wireless communication module, and its revenue contribution exceeds 99%. The company has formed strong R&D capabilities in communication technology, radio frequency technology, data transmission technology and signal processing technology. The products cover LTE, HSPA+, GSM/GPRS wireless communication modules and GNSS positioning modules, and provide TCU and SmartPOS based on IntelX86 architecture. , SmartDevice and other IoT intelligent terminal overall solutions, covering mobile Internet (MI), Internet of Things, car networking and other application scenarios.
The company has cooperated with Intel, Huawei and other enterprises, and has a certain share in the smart grid, car networking, mobile payment, industrial IoT applications and other markets.
4G product technology upgrade, smart grid application performance rise: power grid intelligent transformation is a key project of power grid investment during the 12th and 13th Five-Year Plan. The five-year plan investment amount is 175 billion, and the average annual investment is about 35 billion yuan. The company closely grasped the opportunity of intelligent transformation of power grids and realized mass production of 4G communication modules supporting big data traffic in 2015. In 2016, the company's smart grid product revenue was 4,697.55 million yuan, a year-on-year increase of 47%. The sales of 4G products contributed a lot, from 8,480,800 yuan in 2015 to 25.1255 million yuan in 2016, an increase of 212.16%.
The vehicle front-mounted system enters BYD and grasps the opportunity of upgrading the vehicle network: With the gradual landing and improvement of V2X, LTE-V and other technologies and standards, the development of the car networking market is huge. The vehicle front loading system involves various functions such as wireless communication, multimedia entertainment, positioning and navigation, vehicle control, etc. The module integration is difficult and the technical barriers are high. In the past, it was mainly developed and led by large automobile companies. The company cooperated with BYD to realize the self-produced vehicle front-loading system applied to some BYD models, which indicates that the company has successfully entered the vehicle front-loading system market and has a large room for future growth.
Strong demand in the mobile payment market has injected momentum into performance development: China's electronic payment market has developed rapidly, and electronic money consumption has become a common practice. By the end of 2015, China's electronic payment terminals had exceeded 22.82 million units, an increase of 43.21% year-on-year. The electronic payment market will continue to grow as China's consumer demand grows. The company's wireless communication module can be widely used in POS machines, scanning code devices and other electronic payment terminals, and is expected to further share the market benefits of communication modules under the mobile payment scenario.
Investment suggestion: We expect the company's operating income from 2017 to 2019 to be 389 million yuan (+37.5%), 467 million yuan (+24.4%), and 588 million yuan (+21.6%); net profit is 46.5 million yuan respectively. (+60.9%), 57.6 million yuan (+23.9%), 70.7 million yuan (+22.7%); corresponding EPS is 0.59 yuan, 0.72 yuan, 0.88 yuan; corresponding PE is 64 times, 52 times, 43 times . We are optimistic that the company has certain growth opportunities and competitiveness in the field of M2M, such as smart meters, car networking, mobile payment, etc. The car network front-loading system independently developed by the company will become the main driving force for future performance growth. Referring to the comparable company's 2017 average dynamic PE 72 times, we give the company a dynamic PE of 72 times in 2017 and a 6-month target price of 42.48 yuan.
Circular Connectors
Circular connectors, also called [circular interconnects," are cylindrical, multi-pin electrical connectors. These devices contain contacts that transmit both data and power. Cannon (now ITT Tech Solutions) introduced circular connectors in the 1930s for applications in military aircraft manufacturing. Today, you can find these connectors in medical devices and other environments where reliability is essential.
Circular Connectors is designed with a circular interface and housing to quickly and easily connect and disconnect signal, power, and optical circuits. Circular connectors are often preferred in military, aerospace, and industrial applications: these can be connected and disconnected without the use of coupling tools such as torque wrenches. Antenk`s circular connectors offer rugged solutions that have been engineered for reliable performance in a wide variety of harsh environment applications.
I/O connectors provide secure electrical contact and smooth, safe disconnect. They are used across a range of industries for communications devices, business equipment and computers. Top considerations when purchasing I/O connectors include pinout, gender, voltage rating, contact plating, and termination style.
Types of Circular Connectors
Circular connectors typically feature a plastic or metal shell surrounding the contacts, which are embedded in insulating material to maintain their alignment. These terminals usually pair with a cable, and this construction makes them especially resistant to environmental interference and accidental decoupling.
Circular I/O Connectors Types
Audio Connector
BNC/TNC Connector
DC POWER Connector
Mini din connector
DIN Connector
M5/M8/M12/M16/M23 PP9 Connector
SMA/SMB/FME Connector
RCA Connector
MCX MMCX Connector
Power Connector,Circular I Connectors,Circular O Connectors,Circular Power Connector,SMA/SMB/FME Connector,RCA Connector,MCX MMCX Connector,and we are specialize in Circular O Connectors,Circular Power Connector
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