Trillions of Internet of Things track: Qinchuan Material Federation's performance is weak, from Ying to loss!

Text/Yang Jianyong

When talking about the Internet of Things, the first impression is that the scale of this industry is as high as trillion. In fact, combined with the data given by various authoritative research institutions, the global Internet of Things market is over trillion. Among them, IDC predicts that in 2026, the global Internet of Things (enterprise level) spending will reach 1.1 trillion US dollars. It should be noted that the Chinese IoT industry has shown a high -speed development trend in the past few years. Following the industrial scale in 2018 in 2018 After exceeding the trillion -dollar level, data showed that the scale of my country's IoT industry has exceeded 2.4 trillion yuan. It can be seen that the Internet of Things industry has huge opportunities, which releases new opportunities for manufacturers on the track.

However, players on the Internet of Things track show several happy situations. Among them, the Qinchuan Material Federation, which is a deep -cultivated IoT scene, increased slightly by 0.44%in the first half of 2022 to 154 million yuan, a loss of 6.16 million yuan, and the profit was 16.87 million yuan in the same period last year. In response to the sharp decline in net profit, from the situation of profitable and money, Qinchuan IoT claims that the competition is mainly fierce. The new crown epidemic has repeatedly increased market development difficulties. The price of product prices has declined. Both rises have increased the cost of product costs, which has led to a decline in gross profit margin.

At the same time, the cost of the Qinchuan IoT period increased year -on -year, especially the growth rate of R & D expenses, mainly due to continuous investment in research and development, and continuously increasing the reserves of R & D personnel. In addition, due to the new crown epidemic, the sales repayment was less than expected. The balance of accounts receivable has further increased, resulting in increasing credit impairment losses.

In the Internet of Things industry, the Qinchuan Federation is mainly based on the IoT intelligent gas meter as its core product. It is one of the few companies in China that also have the power sheet base and intelligent control parts and manufacturing capabilities. Secondly, IC card smart gas meters, membrane gas meters, industrial and commercial gas meters and other products. The higher -cost IoT intelligent gas meter sales accounted for 88.07%, an increase of 14.55%over the same period last year. By 5.66%in the first half of 2022.

In the semi -annual report, Qinchuan Federation stated that the company's IoT intelligent gas meter and the Internet of Things smart water meter belonged to the Internet of Things terminal products. The company's main products use the core technologies of independent research and development. During the reporting period, the IoT intelligent gas meter and water meter -related technologies are continuously strengthened, and the competitiveness of the core products of the Internet of Things intelligent gas meter will be continuously enhanced. , To enrich the product category, its sales have grown rapidly.

According to reports, Qinchuan IoT's IoT Smart Gas Watch has been increasing since its invested in the market in 2017. Sales in 2021 increased by 31.33%year -on -year. The plate. However, the market demand of smart gas meters is closely related to factors such as natural gas consumption, gas meter stock replacement, and the penetration rate of smart gas meters. The future development driving force is mainly due to gasification rate, stock replacement, new demand for real estate industry, etc. Factors affect. At the same time, industry competition is increasingly fierce.

You must know that the market competition is increasingly fierce, accompanied by the decline in sales prices. The Qinchuan Materials Federation snatched the market by reducing the price, and the dual factors of the rise in product costs caused a large decrease in gross profit margin. The procurement price of main raw materials such as main modules and IoT cards, intelligent gas meter -controlled chips, steel, and circuit boards has increased year -on -year increase in product costs.

It is worth mentioning that the domestic intelligent gas meter market is gradually based on the Internet of Things smart gas meter, but the market sales of the IoT intelligent gas meter in the Internet of Things mainly rely on the marketing of smart gas meter manufacturers. Continuously intensify, whether the Internet of Things intelligent gas meter can maintain an uncertainty of growth trend may lead to a slowdown or decline in the growth rate of overall operating income. From the perspective of the author's financial report, since last year, Qinchuan IoT's overall performance has grown weakly. In 2021, the revenue increased slightly by 1.19%, and the increase of 0.44%in the first half of this year. Losions indicate that the market competition pressure is huge.

Of course, not only the Qinchuan Federation, but also the Internet of Things companies such as Gao Xinxing, Yuanwanggu, Rihai Intelligent, Zujie Technology, and Graffiti Intelligence also deeply trapped in the dilemma of losses. In the first quarter of 2022, IoT PaaS revenue was $ 41.8 million, a year -on -year decrease of 16%. The total revenue decreased by 2.7%year -on -year due to the decline in IoT PaaS revenue. The net loss was $ 55 million, which was further expanded compared to last year. In the performance outlook, it is expected that the revenue in the second quarter of 2022 is between 60 million and $ 65 million, and the revenue in the second quarter of 2021 is US $ 84.7 million, and the revenue will continue to show a decline.

In the first half of 2022, Gao Xinxing's estimated revenue was 1.1 billion to 116 billion yuan, an increase of 3.87%to 9.53%over the same period last year. Under the situation of weak revenue growth, it was once again in the dilemma of losses. The expected loss in the first half of the year is expected to be 60 million to 70 million yuan. Yuanwang Valley is expected to lose 50 million to 70 million in the first half of 2022, and in 2021 and 2020, they lost 66.125 million yuan and 437.7 billion yuan, respectively. Rihai Intelligence is expected to lose 250 million to 3.20 million yuan in the first half of the year. Finally, with the increasing expansion of 5G, it will further promote the development of the Internet of Things industry and release opportunities for manufacturers around the Internet of Things. It is just that the revenue and profits of IoT manufacturers such as Beijing Junzheng and Zhongke Chuangda have achieved dual growth. Form a huge contrast.

However, under the booming trend of the Internet of Things industry, for manufacturers on the Internet of Things track, the Internet of Things can open a broader space for performance growth for them.

Yang Jianyong, a Forbes Chinese writer, is committed to in -depth interpretation of cutting -edge technologies such as the Internet of Things, cloud services and artificial intelligence.

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