Guangdong Shenglu Telecommunication Tech:Stretching to IoV Business,Focusing on Establishment of Vehicle?mounted Mobile Network System发布时间：2016-05-03 研究机构：兴业证券
Targeting at high?end clients, Shenzhen Wei Bang will principally design and develop cloudplatforms and mobile APPs in the future based on existing systems, marking Guangdong ShengluTelecommunication steps forward further in the industry already with hardware division.
We believe Shenzhen He Zheng is going to achieve 50% CAGR in the next two years riding on thetrend that electronic devices fast spread among vehicles. DONGFENG Nissan and GuangzhouHonda, two major clients of the Company in 2014, totally purchased 150,000 devices from theShenzhen He Zheng. With the development of IoV and categories of vehicle?mounted electronicdevices becoming more and more diversified, auto manufacturers are approaching the companyfor deeper cooperation. We expect the amount of DA intelligent systems ordered in 2015 to reach300,000 as DONGFENG Honda, Volkswagen and Zotye all have signed agreements with ShenzhenHe Zheng. Its products may be applied to new energy vehicles in 2016 as well.
Shenzhen Dian Di, an online commercial platform operator distributing vehicle?related products,launched its app in Shenzhen in 2014 and is going to promote the updated version nationwidethis year. The company expect that there will be 30 million clients in the next five years. ShenzhenHe Zheng signed cooperation agreement with Shenzhen Dian Di and is able to further expand itssales through the channel in the future.
Guangdong Shenglu Telecommunication Tech. bought 100% stake in Nanjing Hengdian last year.
The target company promised profit after deducting non?recurring profits and losses would reachCNY 50 million in 2015, CNY 60 million in 2016 and CNY 72 million in 2017. It supplies electroniccomponents to aviation and weapon companies for radar, ECM and telecommunication systemsto use.