Brief Introduction

Established in Zibo High-Tech Industrial Development Zone in China's Shandong province in 2006, Zhiyang Innovation Technology Co., Ltd. now has about 400 employees. Inspired by technological innovation, Zhiyang offers E2E intelligent electric power O&M solutions ranging from the R&D, production integration, and engineering implementation, to marketing services, covering power transformation to transmission and distribution of State Grid.

Since its establishment, Zhiyang has been investing heavily in R&D and applied big data, cloud computing and AI achievements to its services. As a major supplier and partner of the State Grid, Zhiyang has expanded its services to almost all provinces and cities in China. In 2018, Zhiyang provided successful power assurance for the Shanghai Cooperation Organization (SCO) Summit, the first China International Import Expo, and the CCTV Mid-Autumn Festival Gala and Nishan Forum on World Civilization.

Company Overview

Full name Zhiyang Innovation Technology Co.,Ltd.
Abbreviations ZHY
Code 688191
Founded March 27, 2006
Listing April 8, 2021
Domicile Zibo City, Shandong Province
STAR Theme New Generation IT
CSRC Sector Information transmission, software and IT services
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.80 0.75 0.59
R&D expenditure as a % of operating revenue 7.82% 8.94% 10.19%
Operating Revenue 502.23 328.54 219.37
Net Income 92.18 85.28 39.97

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 502.23 328.54 219.37
Operating Costs 297.43 169.36 114.69
Operating Income 107.83 99.01 45.41
Pretax Income 106.46 99.02 45.34
Income Tax 14.28 13.74 5.37
Net Income 92.18 85.28 39.97

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 688.42 500.97 337.27
Non-current Assets-Total 29.05 13.56 15.00
Total Assets 717.47 514.52 352.27
Current Liabilities-Total 323.15 212.37 130.91
Non-current Liabilities-Total 0.01 0.02 0.04
Total Liabilities 323.16 212.39 130.95
Stockholder's Equity
Share Capital 166.16 166.16 146.18
Retained Profits 228.14 135.96 75.14
Total Owners' Equity 394.31 302.13 221.32

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 52.93 34.39 2.98
Net Cash Flows-Investing -15.10 -1.03 -4.72
Net Cash Flows-Financing 19.01 -4.47 41.59

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
淄博智洋控股有限公司 52.42 45.66%
淄博智洋投资合伙企业(有限合伙) 8.32 7.25%
Liu Guoyong 8.22 7.16%
民生证券投资有限公司 7.20 6.27%
宁波昆石天利股权投资合伙企业(有限合伙) 6.98 6.08%
Nie Shugang 6.39 5.57%
Zhao Yanqing 4.82 4.20%
国高(淄博)创业投资有限公司 2.77 2.41%
宁波梅山保税港区昆石成长股权投资合伙企业(有限合伙) 2.19 1.91%
Valley organ 1.62 1.41%
As of March 31, 2021

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