Brief Introduction

RocKontrol Technology Group Co. Ltd. (Ticker: 688051) is focused on the development and application of internet of things (IoT) technologies. It has been deeply involved in IoT for more than 10 years, during which it has accumulated rich experience in IoT solutions. By continuously investing in R&D and technology innovation, we have accumulated a strong portfolio of self-developed intellectual property in core technologies for smart sensors, cloud-linked databases, IoT platforms, AI computing and other products. We are a one-stop shop for IoT technology enterprises in sensor, online and applications industry supply chains.

The company has developed over the years with a focus of making buildings and environmental monitoring smarter, and is experienced in technology development for smart de-sulfurization. Our business has gradually come to focus on making environmental protection and city business districts smarter. For smart environmental protection, we are building an influential national dynamic database and operating system to provide intelligent big data and AI analytical services for government, commercial and civilian use. For intelligent cities, we are using environmental protection as an entry point, and combining our company’s strengths in AI technology and “event analysis” to create “data islands” in city management and help cities to fine-tune their management.

RocKontrol adheres to a principle of using technology to delve deeper into grass-roots applications, with a focus on the national economy and people’s livelihood, to obtain clear results. It currently has more than 300 patents and software copyrights for self-developed projects, and has undertaken more than 50 projects for the national government, 11 of those independent. It participates in numerous groups that help to set national and industry standards.

The secondary offering consists of 19.3340 million shares with a price of 50.81 yuan and PE ratio of 65.17. After the offering the company’s total share count will be 77.3340 million. The shares have been listed on SSE STAR MARKET of the Shanghai Stock Exchange on March 20,2020.

Through the end of 2019 the company had net assets of 907.7122 million yuan, 2019 revenue of 514.7816 million yuan, and net profit of 118.8515 million yuan.

Company Overview

Full name RocKontrol Technology Group Co., Ltd.
Abbreviations RocKontrol
Code 688051
Founded 2007-09-14
Listing 2020-03-20
Domicile Floor 1, floor 2, floor 3, No.6 The Privy Council, 10th Jiachuang Road, Tongzhou District, Beijing
Website https://www.rockontrol.com/
Email rk@rockontrol.com
STAR Theme New Generation IT
CSRCSector Information transmission, software and IT
Has weighted voting rights structure? Do not have weighted voting rights structure

Financials

Highlights

  2019 2018 2017 2016
Earnings Per Share 2.12 1.28 0.72 1.36
R&D expenditure as a % of operating revenue 9.12% 6.64% 6.58% 8.66%
Operating Revenue 514.78 389.04 332.28 306.50
Net Income 119.22 63.87 35.92 29.91

Income Statement (Unit: RMB mn)

  2019 2018 2017 2016
Operating Revenue 514.78 389.04 332.28 306.50
Operating Costs 394.21 314.44 213.27 206.52
Operating Income 140.19 73.94 38.17 26.19
Pretax Income 133.54 74.27 39.33 33.44
Income Tax 14.31 10.39 3.40 3.52
Net Income 119.22 63.87 35.92 29.91

Balance Sheet(Unit: RMB mn)

  2019 2018 2017 2016
Assets
Current Assets-Total 475.09 460.60 359.78 292.38
Non-current Assets-Total 432.62 378.31 357.30 319.84
Total Assets 907.71 838.91 717.08 612.22
Liabilities
Current Liabilities-Total 290.26 479.59 495.72 458.58
Non-current Liabilities-Total 134.07 158.32 84.92 53.74
Total Liabilities 424.33 637.91 580.64 512.32
Stockholder's Equity
Share Capital 217.40 54.46 54.46 54.46
Retained Profits 264.07 145.22 81.22 45.44
Minority interests 1.91 1.31 0.76 -
Total Owners' Equity 483.38 200.99 136.44 99.90

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017 2016
Net Cash Flows-Operating 21.25 65.91 2.44 41.91
Net Cash Flows-Investing -124.23 -27.17 -71.50 -49.49
Net Cash Flows-Financing 126.23 45.22 16.57 28.07

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Beijing weiqing Information Technology Limited liability Company 24.46 31.63%
Wei Li 12.09 15.63%
Gongqingchenghuayun Investment Management Partnership(Limited Partnership) 8.95 11.58%
Jin Li 2.50 3.23%
Shanghai Pugang Business Management Centre(Limited Partnership) 2.50 3.23%
Wei Wu 1.80 2.32%
Sanhong Tian 1.5 1.94%
Zengliang Li 1.5 1.94%
Jun Zhang 0.99 1.28%
Xiang Su 0.90 1.16%
19 Mar 2020

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