Brief Introduction

Wuhan XingTuXinKe Electronic has been focusing on military applications. With thorough understanding of the industry features, and continuous exploration of solutions, XingTuXinKe Electronic has created products like dedicated video command and control system, display and control system, and video-on-demand system and other systematic solutions. In the headquarter, in various combat zones, in various categories of troops, the solutions have been deployed to meet requirements for tasks like combat, drill, and on-duty war preparedness.

Wuhan XingTuXinKe Electronic continues to improve its technology. We have mastered critical core technologies such as ultra low latency encoding and decoding, adaptability to complex environment networks, and audio video middle-ware, in order to solve critical problems in the three links of information collection, transmission, and processing.

And in key technical aspects of bandwidth detection technology under high concurrency and bandwidth detection technology with high accuracy, we’ve made great breakthroughs. We have been granted 35 patents, 56 computer software copyrights, and won a number of honorary titles like the “Hubei Enterprises Technology Center”, “Hidden Championship Cultivation Enterprise in the Subdivision of Pillar Industry in Hubei”

As a private enterprise, Wuhan XingTuXinKe Electronic was invited to participate in the formulation of the first video command system technical standard of the whole army and to actively facilitate application and promotion of the industrial standard. Our scientific research quality have been praised by academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering and experts from scientific research institutions, and our technology capacity has become a leading force in China, and ranked among the cutting-edge around the world.

Wuhan XingTuXinKe Electronic’s products have been listed in the Catalogue of Research and Production License for Weapons and Equipment and have been organically assigned and deployed in large-scale in the whole army. They have been a strong demonstration in the army and brought significant military benefits. Products like the mobile command post, vehicle-mounted command shelter, and single soldier helmet have solved the problem of “the last mile” of video command in field conditions, and have been highly praised by the army.

Our systems have guaranteed drills and exercises for the 70th anniversary of the victories of War of Chinese People's Resistance Against Japan and the world Anti-Fascism war, Zhurihe Parade on the 90th anniversary of the founding of the Chinese People's Liberation Army and a dozen of critical drills and exercises organized in the headquarter, combat zones, and various categories of troops.

The company was honored the Outstanding Contribution Award for military review guarantee on the 90th anniversary of the founding of the Chinese People's Liberation Army.

In the future three years, the company aims to fulfill the mission of being “a world renowned audio video services provider” and to improve its capacities in market development, talent training and cultivation, and internal management. Wuhan XingTuXinKe Electronic will continue to improve its revenue-earning ability, to pay back investors and their anticipation with better performance and continuous divid

Company Overview

Full name Wuhan Xingtu Xinke Electronics Co.,Ltd.
Abbreviations XingTuXinKe
Code 688081
Founded June 17, 2004
Listing January 6, 2020
Domicile Wuhan
Website www.xingtu.com
Email xingtu@xingtu.com
STAR Theme New Generation IT
CSRCSector Manufacturing of computers, communications and other electronic equipment
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.79 0.61 0.09
R&D expenditure as a % of operating revenue 14.30% 10.13% 19.99%
Operating Revenue 198.14 148.84 79.55
Net Income 42.21 31.15 4.61

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 198.14 148.84 79.55
Operating Costs 57.95 50.27 19.23
Operating Income 51.40 37.85 2.31
Pretax Income 51.40 38.16 6.32
Income Tax 9.19 7.01 1.71
Net Income 42.21 31.15 4.61

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 277.88 227.99 158.41
Non-current Assets-Total 14.30 10.63 10.82
Total Assets 292.18 238.62 169.24
Liabilities
Current Liabilities-Total 277.88 93.48 79.25
Non-current Liabilities-Total 0 0 0
Total Liabilities 277.88 93.48 79.25
Stockholder's Equity
Share Capital 101.91 74.19 47.71
Retained Profits 107.95 70.96 42.28
Total Owners' Equity 292.18 238.62 169.24

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating -2.91 24.59 -10.59
Net Cash Flows-Investing -3.24 -0.68 -0.46
Net Cash Flows-Financing -5.78 23.40 -3.25

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Jiaming Cheng程家明 28.86 39.22%
Wuhan xingtu investment co. LTD武汉兴图投资有限公司 10.64 14.46%
Wuhan optics valley talent innovation investment partnership (limited partnership)武汉光谷人才创新投资合伙企业(有限合伙) 3.52 4.78%
Wuhan hua-hui venture capital fund partnership (limited partnership)武汉华汇创业投资基金合伙企业(有限合伙) 3.06 4.16%
Zhuhai huizhi lanjian investment fund (limited partnership)珠海汇智蓝健投资基金(有限合伙) 2.40 3.27%
Aimin Chen陈爱民 2.33 3.16%
Guangdong guangken taizheng modern agriculture equity investment fund (limited partnership)广东广垦太证现代农业股权投资基金(有限合伙) 1.52 2.06%
Chengcheng Du杜成城 1.50 2.04%
Zhongtai venture capital (shenzhen) co. LTD中泰创业投资(深圳)有限公司 0.92 1.25%
Wei Zhang张伟 0.55 0.74%
5 Jan 2020

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