On January 19th, 2017, Guangzhou Shiyuan Electronics Co., Ltd. (hereinafter referred to as “CVTE”) went public on the Shenzhen Stock Exchange SME Board. Its Initial Public Offering share quantity totaled 40.5 million at the price of RMB 19.06 per share (Stock Name: 视源股份; Stock Code: 002841).
According to the announcement, from January 2016 to June 2016, CVTE has accomplished an operation revenue of over RMB 3.38 billion and a net profit of over RMB 323.60 million, together with a Compound Annual Growth Rate (CAGR) of 35.53% and 47.00% during the past three years, showing a clear sign of rapid growth.
Established in 2005, CVTE’s business focuses at six categories: components, future education, enterprise services, smart hardware, artificial intelligence and healthcare. Through years of efforts, CVTE has obtained public recognitions such as High-Tech Enterprise, First Batch of Nurturing Enterprises in the Strategic Emerging Industries in Guangdong Province, Innovative Enterprise in Guangdong Province, etc.
Major Supplier of LCD Main Board
As the world’s leading supplier for LCD main board, CVTE has achieved consecutive growth of global market share from 2013 to 2016. In the future, CVTE will target the blue sea market of Smart TV board and continue its technological and industrial leading advantages in the fast-changing internet era.
Establish Self-owned Brand, Explore Multi-Business Layout
As CVTE’s own brand in information education service industry, seewo was established in 2009 and has been developing speedily in recent years with high expectations ahead. The sales revenue of seewo interactive flat panel has carried out a CAGR of 93.86% in the last three years. Till June 30th, 2016, seewo has possessed over 1000 cooperative service network sites, which covers 719 cities.
During the past two years, CVTE has also expanded its impact in enterprise market. Currently it provides products and services to enterprises in China and it targets at bringing smart meeting experiences to more conference rooms around the world.
Moreover, CVTE has entered multiple industries like smart hardware, artificial intelligence, healthcare etc. These have catered to the future smart technology development, and to seek opportunities in new markets.
In the future, CVTE will focus at resource integration with the opportunity of public listing, appealing top talents to develop core technologies, putting more effort into investment and expand business scale in each industry. Public listing means more social responsibilities, and CVTE looks forward to creating more values on the new journey.
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