China Zhongji Investment completed a targeted investment in "Qianfang Technology" through a private placement.
Recently, China Zhongji Investment completed a targeted investment in Beijing Qianfang Technology Co., Ltd. (hereinafter referred to as "Qianfang Technology", stock code: 002373.SZ). Qianfang Technology is a leading enterprise in the fields of intelligent transportation and intelligent security, possessing a complete industrial chain ranging from products to solutions, from cloud data to travelers, and from hardware infrastructure to intelligent software hubs.
Established in 2000, Qianfang Technology has been deeply involved in China's transportation information industry for 20 years and has a clear advantage in the field of intelligent transportation.
In terms of big data, Qianfang Technology possesses 40% of commercial vehicle travel data, 40% of highway passenger transport operation data, and 80% of civil aviation flight data, forming a unique integrated transportation big data in the industry. It has successfully served the Ministry of Transport's daily monitoring of the highway network and applied it to areas beyond transportation, including planning and consulting, industry GIS applications, and autonomous driving mode analysis.
In terms of technology accumulation, Qianfang Technology has made key breakthroughs in intelligent transportation, intelligent traffic management, intelligent road networks, intelligent civil aviation, and intelligent rail transit. It has undertaken more than 4000 intelligent transportation projects, over 1500 highway projects, spanning 31 provinces and cities across the country, and provides services to more than 50 airports and more than 120 subway lines.
In the field of intelligent security, in 2018, Qianfang Technology acquired Uniview Technologies. After the acquisition, Qianfang Technology comprehensively expanded its innovative smart city business centered on the two major business areas of intelligent transportation and intelligent security.
Uniview Technologies, established in 2011, is a world-leading supplier of video surveillance products and solutions. It owns 13 series of products, including "Nine Mountains, Four Passes, Two Lakes", covering multiple links such as perception, storage, computation, and analysis. It has won bids for more than 680 "Safe City" projects and more than 160 "Snow Bright" projects, providing security services for 625 universities, more than 240 landmark commercial buildings, more than 200 Class-A hospitals, major Chinese summits such as APEC and G20, and deployed large-scale intelligent security for Beijing Daxing International Airport.
The China Zhongji Investment project team believes that the company focuses on technological innovation and industrial cooperation, actively expands its business boundaries while focusing on intelligent transportation, and has accumulated successful cases in multiple fields such as intelligent transportation, intelligent traffic management, intelligent expressways, intelligent road networks, intelligent civil aviation, intelligent rail transit, intelligent parking, intelligent communities, and intelligent campuses. From a fundamental perspective, the company has high industry barriers and development potential.
Wu Fushun, Partner and Managing Director of China Zhongji Investment, stated that under the background of 5G and new infrastructure construction, the accelerated development of various sub-sectors of intelligent transportation is very significant. As a leading enterprise in the fields of intelligent transportation and intelligent security, Qianfang Technology has leading core technologies in transportation big data, vehicle-road collaboration, AI algorithms, and hardware, and has very rich customer and business scenario resources. Under the background of high industry prosperity, it has stable performance support and is believed to bring stable and secure returns to investors.
