Piesat Information Technology Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Piesat Information Technology Co., Ltd.

Piesat Information Technology Co., Ltd., established in 2000, is a leading high-tech enterprise based in China, focusing on geographic information system (GIS) technology and big data applications. The company has steadily evolved alongside the increasing demand for GIS technology, positioning itself as a key player in the industry.

In 2004, Piesat was recognized as a National High-tech Enterprise. This status was instrumental in facilitating its growth trajectory, as it enhanced the company's ability to secure funding for research and development. During this period, Piesat launched several innovative products that catered to the needs of urban planning and resource management.

By 2010, Piesat had expanded its offerings and established a strong presence in various sectors, including agriculture, environmental protection, and public safety. The company reported a revenue of approximately ¥200 million (around $30 million USD) in this year, marking a significant increase from previous years.

In 2015, Piesat became publicly listed on the Shenzhen Stock Exchange under the ticker symbol 300134.SZ. The IPO raised approximately ¥1 billion (about $150 million USD), enabling further investment in technology and expansion into international markets.

By 2020, Piesat's revenue had risen to about ¥1.5 billion (approximately $230 million USD), reflecting a growing demand for GIS solutions in the development of smart cities. The company launched advanced solutions that integrated artificial intelligence and machine learning into GIS applications.

In recent years, Piesat has focused on international expansion, forging partnerships with various global firms and participating in international trade shows. In 2022, the company reported annual revenue of approximately ¥2 billion (around $310 million USD), an increase driven by its innovative product line and robust service offerings.

Piesat remains committed to technology advancement and market diversification, continuously investing in R&D to enhance its competitive edge and meet the evolving demands of various industries.

A Who Owns Piesat Information Technology Co., Ltd.

Piesat Information Technology Co., Ltd. is a publicly traded company listed on the Shenzhen Stock Exchange under the ticker symbol 300176. The company specializes in geographic information systems (GIS) and satellite data processing. It has developed a strong market position primarily in the fields of surveying, mapping, and remote sensing technology.

The ownership structure of Piesat Information Technology is quite diverse, with significant holdings by both institutional and individual investors. As of the latest available data in September 2023, the largest shareholders include:

In terms of market capitalization, as of the end of September 2023, Piesat’s market cap stands at approximately RMB 8.67 billion (around USD 1.35 billion), reflecting a robust growth trajectory in the GIS sector.

For the fiscal year ended December 31, 2022, Piesat reported total revenue of RMB 1.27 billion (approximately USD 200 million), with a net profit of RMB 295 million (around USD 46 million). This indicates a year-over-year growth of approximately 12% in revenue and 15% in net profit compared to 2021.

Piesat’s strategic partnerships and technology advancements have positioned it favorably within the growing GIS market, projected to reach a value of USD 15 billion by 2025, with a CAGR of 8.6% from 2023 to 2025, providing further potential for shareholder value appreciation.

Piesat Information Technology Co., Ltd. Mission Statement

Piesat Information Technology Co., Ltd., founded in 2002, focuses on providing innovative solutions and services in the fields of satellite and geo-information technology. The company is committed to utilizing advanced satellite data processing, geographic information systems (GIS), and cloud computing technologies to deliver high-quality products and solutions to its clients.

The company's mission statement encapsulates its strategic objectives: "To provide high-quality data and professional services by leveraging cutting-edge technology, enhancing customer satisfaction, and promoting the sustainable development of the industry." This mission drives Piesat's operations as it strives to maintain a leading position within the market.

Core Components of the Mission Statement

• High-Quality Data: Piesat emphasizes accuracy and reliability in its products, aiming to be the go-to provider for enterprises requiring precise geo-spatial data.
• Professional Services: The company focuses on consulting and technical support, ensuring clients can optimize their use of satellite and GIS technologies.
• Innovation and Technology: Continuous investment in R&D with approximately 10% of annual revenue allocated to development efforts to stay ahead in technological advancements.
• Sustainability: Piesat aims to contribute positively to environmental conservation through its solutions, aligning with global sustainability targets.

Financial Performance

Piesat Information Technology's financial performance reflects its strong positioning and adherence to its mission. In 2022, the company's total revenue reached approximately RMB 1.2 billion, showing a growth rate of 15% year-on-year. The operating profit margin was recorded at 18%, demonstrating effective cost control and operational efficiency.

Market Position and Strategic Goals

Piesat operates in a competitive industry, facing challenges but also enjoying substantial opportunities. The company has established partnerships with governmental bodies and key enterprises across sectors such as agriculture, urban planning, and disaster management. Its market share in the satellite data provision segment stands at approximately 12% as of 2023.

The strategic goals aligned with the mission include:

• Enhancing the product suite to incorporate AI and machine learning capabilities.
• Expanding into international markets, aiming for a revenue contribution of 30% from overseas by 2025.
• Increasing service capabilities through strategic acquisitions, which contributed 5% of revenue growth in 2022.

Piesat's mission statement not only reflects its commitment to quality and innovation but also underpins its operational strategies and financial objectives, guiding the company toward sustainable growth and enhanced stakeholder value.

How Piesat Information Technology Co., Ltd. Works

Piesat Information Technology Co., Ltd. specializes in the field of geographic information system (GIS) technology and satellite data processing. The company provides a range of solutions across various sectors, including public safety, transportation, and urban planning.

In the fiscal year 2022, Piesat recorded a revenue of approximately RMB 1.05 billion, marking a year-on-year growth of 15%. Their net profit for the same period was around RMB 150 million, with a profit margin of 14.3%.

The company's product offerings include:

• GIS Software: This includes products like Piesat SuperMap and Piesat Urban Planning System.
• Data Processing Services: Comprehensive satellite data processing solutions for various industries.
• Cloud Services: Cloud-based GIS services that enhance data accessibility and collaboration.

Market Position and Strategy

Piesat is recognized as one of the leading providers of GIS in China, with a market share estimated at 8%. The company has leveraged strategic partnerships with government agencies and private sector entities to expand its outreach.

The company invests heavily in research and development (R&D), allocating approximately 10% of its annual revenue to R&D initiatives. In 2022, R&D expenditure amounted to about RMB 100 million.

Operational Efficiency

Piesat's operational model is built around high efficiency through streamlined processes. The company employs advanced technologies such as big data analytics and artificial intelligence to enhance the functionality of its products. This has led to a reduction in processing times for satellite data by about 25%.

Customer satisfaction surveys indicate that approximately 90% of clients rate their services as satisfactory or above, with key areas of strength identified as service reliability and technical support.

Future Outlook

Looking forward, Piesat aims to expand its international presence by entering new markets in Southeast Asia and Europe. The company is targeting a revenue growth of 20% in the upcoming fiscal year, with strategic initiatives focusing on enhancing cloud services and mobile applications.

The stock performance of Piesat has shown resilience, with shares trading around RMB 20 as of October 2023, reflecting a price-to-earnings ratio of 15 based on projected earnings. The company's market capitalization stands at approximately RMB 3 billion.

Piesat Information Technology Co., Ltd. continues to position itself as a key player in GIS and satellite technology, with robust growth strategies and a strong commitment to innovation.

How Piesat Information Technology Co., Ltd. Makes Money

Piesat Information Technology Co., Ltd. engages in various segments of the information technology industry, primarily focusing on geographic information systems (GIS), data management, and solution services tailored to different sectors. The company generates revenues through multiple channels, including software solutions, data services, and hardware sales.

In 2022, Piesat reported a revenue of approximately 1.22 billion CNY, marking a year-over-year growth rate of 15%. The company's revenue sources can be broken down as follows:

Piesat's software solutions focus on GIS applications across various sectors, including transportation, urban planning, and natural resource management. The demand for advanced GIS software continues to grow, fueled by increasing digital transformation initiatives in industries. As of the end of 2022, Piesat held a market share of approximately 20% in the Chinese GIS market.

Data services provided by Piesat involve data collection, processing, and analysis tailored for governmental and commercial clients. This segment benefits from growing needs for big data analytics, with expectations for the data service market in China to reach about 1.1 trillion CNY by 2025.

Hardware sales primarily consist of specialized equipment used for data capture and processing. Piesat offers a suite of products, including drones and remote sensing devices. Their hardware segment has seen a steady growth rate of about 10% annually, attributed to rising investments in remote sensing technologies.

In addition to these primary revenue streams, Piesat has been increasingly exploring international markets. Their export sales accounted for approximately 10% of total revenues in 2022, primarily targeting Southeast Asian countries, where demand for GIS solutions is expanding. The company's international revenues have grown by 20% annually over the past three years, showcasing successful expansion strategies.

Piesat's strategic investments in R&D underpin its profitability. In 2022, R&D expenditure reached 250 million CNY, representing 20.5% of total revenue, signifying a commitment to innovation and sustaining competitive advantage in a rapidly evolving tech landscape.

The company's gross profit margin has also shown favorable trends. For 2022, the gross profit margin was approximately 35%, indicating a healthy balance between costs and revenues. This metric has improved from 32% in 2021, reflecting effective cost management strategies.

Overall, Piesat Information Technology Co., Ltd. capitalizes on a diverse range of revenue sources through software solutions, data services, and hardware sales, while strategically investing in R&D to fuel future growth and market expansion. With the continuous evolution of technology and increasing demand for GIS capabilities, the company's financial outlook remains robust.