Comparative analysis of China's industrial Internet industry in 2020

 

Dongfang Guoxin VS Rongzhilian
 

——Rongzhilian’s operating income far exceeds Dongfang Guoxin
 

From the perspective of operating income, the operating income of Oriental Guoxin and Rongzhilian has shown an upward trend year by year, but the operating income of Rongzhilian has increased even more.
In 2019, Oriental Guoxin Division achieved total operating income of 2.
150 billion yuan, an increase of 7.
73% over the same period of the previous year.
In 2019, Rongzhilian achieved operating income of RMB 3,256,587,700, an increase of 19.
11% over the same period of the previous year.
In 2019, Rongzhilian overcame various disadvantages caused by two consecutive years of operating losses in 2017 and 2018, and actively adopted business and personnel Various optimizations and adjustments of management and management have stopped the decline in the company's performance and is ready to go.

——Oriental Guoxin's net profit trend is rising
 

From the perspective of net profit, the net profit of Oriental Guoxin in the first half of 2015-2020 has shown an upward trend year by year; while the net profit trend of Rongzhilian has shown a trend of large fluctuations.
In 2019, Orient Guoxin achieved a net profit of 503 million yuan attributable to shareholders of listed companies, a decrease of 2.
86% from the same period of the previous year.
This was due to the provision of credit impairment losses which led to an increase in operating income and a decrease in net profit.

 

The net profit of Rongzhilian in 2018 was 1.
361 billion yuan.
The reason for the large loss was mainly due to the provision of 681 million yuan for goodwill impairment.
If the impact of goodwill impairment is not considered, the company's 2018 year attributable to The net profit of the shareholders of the listed company was -680 million yuan, a decrease of 607.
88% from the same period last year; in addition, the company's main wholly-owned subsidiary, Autonet Internet, lost 440 million yuan in 2018, and the net profit for the same period last year was 81.
85 million yuan, a decrease of 632.
90 %.
The main reason is that the Internet of Vehicles market has changed very rapidly in recent years.
Although there is a large market space and numerous business opportunities, with the intensification of competition and the gradual maturity of the market, Internet of Vehicles companies are required to quickly carry out business transformation and product iteration.
In the process of business development in recent years, the car network interconnection team has exposed shortcomings such as inflexible market response and insufficient project management capabilities.
Several major business transformations were unsuccessful, and personnel costs and operating expenses remained high, which led to the Zhilian's net profit fell sharply.
In 2019, Rongzhilian's net profit turned from loss to profit, achieving a net profit of 36 million yuan.

　　——The gross profit margin of Oriental Guoxin far exceeds that of Rongzhilian
 

　　From the perspective of gross profit margin, Orient Guoxin's gross profit margin has been maintained at around 50%, with high profitability.
From the perspective of the customer's industry, in 2019, the gross profit rate of the telecommunications industry was 57.
51%, a year-on-year increase of 1.
71%; the gross profit rate of the financial industry was 44.
6%, a year-on-year decrease of 2.
37%; the gross profit rate of the industrial industry was 51.
52%, a year-on-year increase 11.
33%; the government's gross profit margin was 44.
11%, a year-on-year increase of 3.
42%; and the gross profit margin of the big data operation industry was 62.
63%, a year-on-year increase of 6.
85%.

 

　　The gross profit margin of Rongzhilian showed a trend of large fluctuations.
In 2016, the gross profit margin was 42.
29%, then fell to 12.
87% in 2018, and rose to 16.
32% in 2019.

　　——Eastern Guoxin and Rongzhilian both prefer financial financing
 

　　From the perspective of asset-liability ratio, both Orient Guoxin and Rongzhilian have relatively good asset structures.
Orient Guoxin’s debt-to-asset ratio has dropped from 34.
29% in 2015 to 15.
28% in 2019.
The asset structure is relatively good, and the creditors bear less risk.

 

　　In 2017 and 2018, Rongzhilian's asset-liability ratio rose rapidly, but its net profit fell sharply.
In 2019, Rongzhilian increased its efforts to clean up and optimize assets, and carried out a review of the equity of some investment companies.
Appropriate division and transfer, the introduction of new strategic investors, revitalize and accelerate the growth of some incubation businesses, and at the same time select the opportunity to revitalize some idle properties, the company's asset status will be more benign and healthy, and the debt-to-asset ratio will be reduced from 42.
91% at the beginning of the period to the end of 2019.
27.
53%.

　　——Oriental Guoxin and Rongzhilian in the financial sector, you chase me
 

　　In the financial field, Yitong Information, a subsidiary of Oriental Guoxin, added 20 new customers including Hebei Bank and 7 new customers for Enterprise Cloud Manager.
Yitong Financial Services and its ecological cloud services are an important measure for the company to carefully build and lay out the future.
In 2019, Yitong Financial Services has initially completed the establishment of the company's own ecological cloud platform, and the "Fuyao" APP with a new operating model was officially launched.
It has connected a considerable number of third-party value-added services to provide banks to public and private customers as well as banks.
Employees provide precise and intelligent pan-financial services.
In addition, the company's self-developed product CirroData database has realized the replacement of DB2, Oracle, TereData and other foreign database products and Hadoop open source tools in multiple banks.
CirroData has successfully replaced foreign similar products in an important financial field.
Created *cases praised by the industry, occupying an advantageous position in the process of localization of the financial industry database.
In the Hua Xia Bank project, the combination of Huawei's Taishan server and Huawei Cloud and customers* practiced project development and deployment based on a fully localized environment, which played a role in achieving comprehensive localization among financial industry customers.
The company continues to expand its territory in the insurance field, and has newly expanded 6 customers in the insurance industry, accumulating 13 customers, and orders have increased by more than 50% for three consecutive years.
The company assists insurance customers to promote big data governance, gain insights into customer characteristics, and realize the implementation of customer portraits, label application services, and precision marketing management platforms, which *improve the company's degree in the insurance industry.

 

　　Relying on the experience of IT system planning, construction and operation and maintenance, Rongzhilian consolidates and expands its business coverage and market share in the financial industry.
In 2019, the financial industry revenue was 1.
831 billion yuan, accounting for 56.
22% of the company's operating income, a year-on-year increase of 26.
46%.
In addition, in the traditional banking sector, the company continues to deepen cooperation with financial institutions such as China Merchants Bank, Ping An Bank, *Clearing Center, China Development Bank, and Everbright Bank, and actively expands project cooperation with city commercial banks, rural commercial banks and foreign banks.
The company actively made efforts in the insurance industry and successfully won bids for IT services and intelligent operation and maintenance projects for customers such as Pacific Insurance, United Life Insurance, and HSBC Life during the reporting period.

　　——Dongfang Guoxin pays more attention to research and development
 

　　In 2019, R&D will maintain a certain amount of R&D investment while maintaining scale, reducing costs, and stabilizing profits.
The R&D direction focuses on biological genetic testing, cloud management platforms, and artificial intelligence applications.
The company will increase in 2019.
Authorized inventions*6 items, design*1 items, utility models*3 items, 3 newly-added computer software copyrights, and new application inventions*4 items.
In the future, as the company's business performance improves, it will continue to increase the importance and implementation of key links such as R&D investment, improvement of R&D efficiency and the transformation of R&D results, so as to enhance the company's continued development.

 

　　The R&D expenditure of Orient Guoxin rose sharply in 2019 to 257 million yuan.
This is due to the increase in independent R&D investment in industrial Internet platforms, data science cloud platforms and other projects, which led to a sharp increase in R&D expenses.
As of the end of 2019, the company (including subsidiaries) has obtained 687 software copyrights, and 68 *rights and *application rights.
In 2019, the company counted 175 new software copyrights and 29 *rights and *applications.

　　For more data, please refer to the "China Industrial Internet Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute also provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, etc.
solution.

 

　　Original Title: Comparative Analysis of China's Industrial Internet Industry in 2020: Dongfang Guoxin VS Rongzhilian [Photos]