Digital Human (835670): “Digital Human Anatomy System” Leads the Industry, Net Profit Has Always Improved in the First Half of the Year
The company’s 南京夜网 operating conditions improved in the first half of 2019 in the first half of 2019: Digital People’s 2019 Interim Report showed that the company achieved revenue of 21.65 million yuan in the first half of the year, an increase of 46.
43%; net profit attributable to mothers was 1.08 million yuan, a year-on-year increase of 119.
The digital person deducted non-attributed mother’s net profit for the same period last year was -700,000 yuan. This period turned losses into profit. This period realized non-attributed mother’s net profit of approximately 980,000 yuan.
The company’s revenue and net profit are mainly concentrated in the second half of the year.
The company’s operation is subject to the project acceptance time and the nature of the customer. The company’s customers mainly include institutions of higher learning and administrative institutions such as science and technology museums in various cities.
Administrative institutions mainly formulate budgets for equipment procurement at the initial stage, and after they are approved by various departments, they are subject to local financial review, and bidding is conducted according to the reviewed budget.
Examination and approval are concentrated in the first half of each year, and implementation is relatively concentrated in the second half of the year.
The company’s net profit in the first half of 2018 accounted for about 2% of the higher net profit in 2018, and its revenue for the first half of 2018 accounted for about 20% of the full year 2018 revenue.
The realization of the company’s operating income is mainly concentrated in the second half of the year, with overlapping temporary characteristics.
In order to cooperate with the development of hardware products, a subsidiary, Etron Hongtu Technology Co., Ltd. was established.
Digital Human is mainly engaged in the research and development, production and sales of digital medical products. It has a variety of independently developed software and hardware products in the fields of medical image processing, medical teaching and human life science products. It has developed a digital human anatomy teaching system and digitalized medical morphology.Teaching platform, micro-interactive teaching system, digital anatomy laboratory overall plan and human life science products.
In order to cooperate with the development of hardware products, in the first half of 2019, the company established a holding subsidiary in Shenzhen, Shenzhen Yichuang Hongtu Technology Co., Ltd., which is mainly engaged in the research, development, manufacturing and sales of medical education touch screens.
“Digital Human Anatomy System” has gone abroad and is currently in the leading position in the industry.
The research and development team formed by the company and several medical universities such as Shandong University has realized the cross-border integration of computer information technology and traditional medicine, constantly innovates, has a variety of independent intellectual property rights, maintains the domestic leading level in the field of digital anatomy, and has covered the countryMore than 400 universities and dozens of science and technology museums.
“Chinese Digital Human Anatomy System” has passed the appraisal of the Expert Committee of the Chinese Anatomical Society and is the only set of 3D digital human anatomy products reconstructed based on complete Chinese anatomy tomographic data.
The “Digital Human Anatomy Teaching System” has gone abroad and has begun to set up markets in Southeast Asia, Europe, Africa, and South America.
The company’s R & D expenses in the first half of the year were approximately 7.83 million yuan, an annual increase of 14.
(Company semi-annual report) Investment suggestions: Although the company’s revenue and net profit are mainly concentrated in the second half of the year, the improvement in net income in the first half of the year has released a more positive signal.
Finally, the latest closing, the company 10 ahead of time.
5 yuan, market value 6.
1.3 billion, corresponding to PE (TTM) is 25.
2X, you can follow.
Risk warning: industrial policy risk, intellectual property risk, competition risk