Eastcompeace Technology Co.,ltd: history, ownership, mission, how it works & makes money

A Brief History of Eastcompeace Technology Co.,ltd

Eastcompeace Technology Co., Ltd., established in 1994, is based in Beijing, China. The company specializes in the research, development, and manufacturing of telecommunications equipment and solutions. Over the years, Eastcompeace has expanded its operational scope to encompass a wide range of technology services, including cloud computing and IoT (Internet of Things) solutions.

In 2007, Eastcompeace listed on the Shenzhen Stock Exchange, marking a significant milestone in its corporate journey. Following its IPO, the company reported revenues of approximately ¥1.1 billion (about $160 million) in 2008, reflecting a robust demand for its products and services. The company's stock price experienced a gradual increase, positioned around ¥20 per share shortly after the listing.

By 2015, Eastcompeace underwent a strategic overhaul aimed at enhancing its telecommunications infrastructure solutions. This included partnerships with leading technology firms and a commitment to innovation. The company's revenue for 2015 reached around ¥3.5 billion (approximately $510 million), with a net income margin of 10%.

In 2020, during the rapid acceleration of digital transformation due to the pandemic, Eastcompeace positioned itself as a key player in providing cloud services. The revenue growth from this segment alone accounted for a significant portion of the total revenue, with estimates suggesting an increase to ¥5 billion (about $740 million) by the end of the year. The gross profit margin improved to 20%, owing to operational efficiencies and cost management strategies.

The following table illustrates key financial metrics over the years:

As of 2023, Eastcompeace continues to innovate in the tech space, focusing on 5G infrastructure and smart city solutions. The company's market capitalization reached approximately ¥20 billion (around $2.9 billion), reflecting investor confidence in its growth trajectory.

Eastcompeace's R&D expenditure has also seen significant growth. In 2022, the company allocated around ¥800 million (about $120 million) to R&D, representing a substantial investment in future technologies. This strategic move aims to enhance its competitive edge in the rapidly evolving telecommunications market.

Partnerships with major global firms and participation in international exhibitions have further bolstered Eastcompeace's reputation on the global stage. The company has established collaborations with firms such as Huawei and Cisco, resulting in advanced product offerings that meet international standards.

The company's vision remains focused on integrating advanced technologies and creating synergies across different tech sectors, thereby positioning itself as a leader in the telecommunications industry.

A Who Owns Eastcompeace Technology Co.,ltd

Eastcompeace Technology Co., Ltd, established in 1997, is a company listed on the Shenzhen Stock Exchange under the ticker symbol 002017. As of the last available reports, the ownership structure of Eastcompeace is composed of various public and institutional shareholders. The largest shareholder is the state-owned enterprise, China Electronics Technology Group Corporation, holding approximately 45% of the shares.

Another significant portion of the shares, about 20%, is held by institutional investors, including mutual funds and investment firms focused on technology sectors. The remaining shares are distributed among retail investors and other private entities, showcasing a relatively diversified shareholder base.

As of October 2023, the market capitalization of Eastcompeace Technology Co., Ltd was approximately ¥22 billion (about $3.3 billion USD). The company's financial performance has shown a steady increase in revenue, with a reported revenue of ¥5 billion (approximately $750 million USD) for the fiscal year 2022, marking an increase of 15% compared to the previous year.

The latest earnings report also indicated a net profit margin of around 10%, reflecting effective cost management strategies. Furthermore, the company has a debt-to-equity ratio of 0.5, indicating a balanced approach to leveraging.

The company’s strategic focus on research and development has led to significant technological advancements, with over 100 patents registered in various telecommunications technologies. This commitment to innovation is supported by a dedicated R&D budget of approximately ¥500 million (about $75 million USD), which accounts for 10% of total revenue.

Looking ahead, Eastcompeace Technology Co., Ltd aims to expand its market reach, particularly in international markets, and is anticipated to leverage its strategic partnerships with global telecom providers. This expansion strategy is expected to enhance its revenue streams by an estimated 20% in the upcoming financial year.

Eastcompeace Technology Co.,ltd Mission Statement

Eastcompeace Technology Co., Ltd. focuses on providing innovative solutions in the technology sector, particularly within telecommunications and smart city development. The mission statement emphasizes the commitment to delivering high-quality products and services that enhance communication, efficiency, and connectivity for clients globally.

As of 2023, Eastcompeace Technology has reported revenues of approximately ¥3.5 billion (around $500 million), illustrating its strong market presence in the telecommunications industry. The company has strategically aligned its operations to create value in enhancing digital infrastructures.

The mission statement aims to solidify its role in the global telecommunications landscape, emphasizing sustainability, technological advancement, and customer satisfaction. The company has set ambitious goals, targeting a 15% annual growth rate, reflecting the growing demand for digital solutions and communication technologies.

With an eye on future innovations, the company is investing in R&D, with an annual budget of around ¥400 million (about $55 million), aimed at advancing its technological capabilities and expanding product lines to meet emerging market demands. The mission underscores a commitment to research, with a focus on artificial intelligence and the Internet of Things (IoT).

Eastcompeace Technology believes in fostering partnerships and collaborations within the tech ecosystem, which is reflected in their mission-driven approach to customer relations, aiming for a client retention rate of over 85%.

The company has successfully implemented projects in various regions, contributing to economic development and improving quality of life through technology solutions. As part of its mission, Eastcompeace Technology is committed to corporate social responsibility and aims to reduce its carbon footprint by 30% by 2030.

How Eastcompeace Technology Co.,ltd Works

Eastcompeace Technology Co., Ltd. is a key player in the telecommunications and information technology sectors. Established in 1997, the company specializes in a variety of products and services aimed at enhancing digital communication and connectivity.

The company operates primarily in three segments: telecommunication equipment manufacturing, network solutions, and data services. Eastcompeace is known for its innovative approach to developing and manufacturing telecom equipment, which includes routers, switches, and various types of network infrastructure that are crucial for service providers.

Business Segments

• Telecommunication Equipment Manufacturing: Production of advanced routers, switches, and other networking hardware.
• Network Solutions: Providing integrated network solutions to telecom operators and enterprises.
• Data Services: Offering cloud storage, data analytics, and cybersecurity services.

According to the company's latest financial report from Q2 2023, Eastcompeace generated a revenue of ¥3.5 billion, reflecting a year-on-year increase of 15%. This performance is attributed to the growing demand for digital infrastructure amid the increasing reliance on remote work and cloud technologies.

Eastcompeace spends heavily on research and development, with an allocation of ¥600 million in 2023, representing 17% of its total revenue. This investment is aimed at enhancing product offerings and maintaining competitive advantage in the fast-evolving tech landscape.

Market Position

The company holds a significant market share in the Asia-Pacific region, particularly in China, where it has established partnerships with major service providers. As of 2023, Eastcompeace's market share in the telecom equipment segment in China was approximately 10%, positioning it among the top five vendors in the country.

Eastcompeace's commitment to innovation and customer service has garnered it a loyal client base. The company has been awarded multiple contracts from both governmental and private entities, enabling it to expand its footprint and enhance profitability.

Future Outlook

Looking ahead, Eastcompeace Technology Co., Ltd. is focused on expanding its services into emerging technologies such as 5G and Internet of Things (IoT). The global shift towards digital transformation is expected to drive demand for the company’s offerings, positioning it for continued growth.

Analysts project that the company's revenue could reach ¥4.0 billion by the end of 2023, with a corresponding increase in net profit to approximately ¥750 million. This optimistic outlook reflects not only the company’s robust performance but also the overall growth potential of the telecommunications market.

Key Financial Metrics

In conclusion, Eastcompeace Technology Co., Ltd. is strategically positioned to capitalize on the evolving telecommunications landscape, investing heavily in R&D while maintaining a solid financial foundation. The company’s proactive approach and innovative solutions will be critical as it navigates future challenges and opportunities in the tech sector.

How Eastcompeace Technology Co.,ltd Makes Money

Eastcompeace Technology Co., Ltd., a prominent player in the tech industry, generates revenue primarily through its telecommunications and technology solutions. As of the most recent financial reports, the company reported revenues of approximately 3.5 billion CNY (around 500 million USD) for the fiscal year 2022, representing a year-over-year growth of 12%.

The company operates in various segments, including network infrastructure, smart city solutions, and intelligent transportation systems. Below is a detailed breakdown of revenue sources:

Network Infrastructure is a major revenue driver, primarily from contracts with government entities and telecom operators. In 2022, the company expanded its customer base, securing new contracts worth 600 million CNY in this segment alone.

Smart City Solutions have seen significant investment due to the increasing demand for urban management technologies. The company has initiated several projects across major cities, contributing to its revenue growth. Overall, this segment has increased by 15% since 2021.

Intelligent Transportation Systems, which include traffic management systems and public transit solutions, accounted for 23% of the total revenue. Notably, Eastcompeace secured a 200 million CNY contract for a smart traffic solution in a major metropolitan area in early 2023.

Other Technology Services encompass a range of services, including consulting and cloud services, both of which are gaining traction in the industry. This segment has maintained stable revenue but is expected to grow as the company invests in digital transformation services.

In terms of profitability, Eastcompeace reported a net profit margin of 10% for Q4 2022, yielding a net income of approximately 350 million CNY. The company has also focused on cost management, achieving a reduction in operational costs by 5% in the past year, contributing to improved profitability.

Further diversifying its revenue streams, Eastcompeace is exploring international markets. The company anticipates that overseas sales will contribute to 20% of total revenue by 2025, with a target of 700 million CNY in international contracts by the end of 2023.

Overall, Eastcompeace Technology Co., Ltd. continues to capitalize on its expertise in telecommunications and urban solutions, positioning itself for future growth through both domestic and international ventures.