Media Coverage

New Infrastructure Entrepreneurship 2020 - Implementing Digital Twins in the Smart Aviation Field, Brilliant Technology Revenu

Publish Time:2018-04-11

March 4, 2020, the Political Bureau Standing Committee of the CPC Central Committee once again emphasized the need to "accelerate the construction of major projects and infrastructure as planned by the state." "New Infrastructure" has once again become a hot term, releasing new venture opportunities. 36Kr has learned that many startups have already benefited from policy dividends in 2020 and have expressed that this year's orders have exceeded expectations at the beginning of the year. For this reason, 36Kr has also launched a "New Infrastructure Entrepreneurship" report special topic, hoping to describe the progress of startups under the background of the new infrastructure era to our readers and to show the social impact behind these technological innovations. This article is one of them.

Interviewed Company: Beijing Brilliant Technology Co., Ltd.

Interviewee: CEO Wang Jue

Q0: What are the company's main positioning, main business, and main products? What is the user/customer scale and major customers? What are the annual revenue and profit margin levels? What is the financing situation?

Beijing Brilliant Technology Co., Ltd. (hereinafter referred to as "Boneng Shares") was established in 2005 and was listed on the New Third Board in July 2016, with the stock code 838596. Since 2006, the company has been deeply involved in the construction and application of digital twin airports, positioning itself as a professional infrastructure builder for digital twin systems, and has formed a complete visual big data application system consisting of data standards, visual big data platforms, and industry visual applications. It provides a complete industry visual application solution from data, platforms, to professional digital management systems, and is based on big data, cloud computing, and cloud storage architecture.

Brilliant Technology focuses on the research and development of visual big data platforms and their innovative applications in the field of smart aviation. The main products include digital twin service platforms and digital twin industry application products, such as visual big data platforms, airport collaborative decision systems, airport operation monitoring systems, visual security management platforms, airport operation situation monitoring and prediction systems, and other core technologies and products covering smart airport operations, services, security, commerce, and management.

User/Customer Scale and Major Customers: It has provided digital twin airport platform construction and services for nearly thirty airports nationwide, including Beijing Capital International Airport, Xi'an Xianyang International Airport, Chengdu Shuangliu International Airport, Zhengzhou Xinzheng International Airport, Chongqing Jiangbei International Airport, Changsha Huanghua International Airport, Nanjing Lukou International Airport, Shenzhen Airport, Haikou Meilan International Airport, Tianfu Airport, Beijing Daxing New Airport, Urumqi Airport, and other customers.

Annual Revenue and Profit Margin Levels: The operating income for the years 2017-2019 was 34.573.7 million yuan, 47.096.9 million yuan, and 88.862.1 million yuan, respectively; the net profit attributable to the mother company was 1.586.2 million yuan, 7.155.8 million yuan, and 18.543.3 million yuan, respectively; the average sales gross margin was over 60%, and the profit margin in 2019 increased by 159.14% compared to the same period of the previous year.

Financing Situation: 3.5 million yuan was raised in 2016; 18.2 million yuan was raised in June 2020.

Q1: In Q1 2020, what new progress may the company still have in terms of technology, products, market, commercialization, financing, and team?

In terms of technology and products, the company has completed the product planning of "Boneng's New Generation Digital Twin Foundation" and will release the "New Generation Four-Type Airport Digital Twin Foundation" product in the second half of 2020.

In terms of the market, the company has successively won the "Urumqi Airport Expansion Project Geographic Information System" and "Beijing Capital International Airport Co., Ltd. GIS Platform Upgrade" projects.

In terms of the team, the company has established a new product center, strengthened the existing technical and product teams, and attracted a group of industry experts and consultants.

In terms of financing, the company has completed a new round of financing of 18.2 million yuan.

Q2: Has the COVID-19 had an impact on the company? What kind of impact has it had? Is it beneficial or damaged? How has the company responded?

Since the outbreak of COVID-19, the company's business has been affected by the market to a certain extent in February and March. However, the company mainly provides digital twin construction services for airports and other large infrastructure projects, and the impact of the COVID-19 is limited. Moreover, it has actively resumed construction in line with national policies, so the impact on our existing business is limited.

At the same time, due to the impact of the COVID-19, the company's main airport customers have placed more emphasis on digital operation and maintenance services and the construction of smart four-type airports. The online operation and maintenance and smart control models have developed rapidly, which has provided great help for the company's new business development and the rapid application of digital twin technology.

Q3: In the rest of 2020, what new progress may the company still have in terms of technology, products, market, commercialization, financing, and team?

In terms of technology, the company will continue to focus on the research and development and application of digital twin technology, increasing R&D investment in three levels: the construction of digital twins, the construction of digital twin service platforms, and the construction of smart industry applications.

In terms of the market, the company will focus on the main business of digital twin airports and expand to other industries such as digital twin civil aviation, digital twin rail transit, digital twin port and shipping, digital twin parks, and digital twin cities, seeking diversified business development.

In terms of products, the company will release products such as the "New Generation Four-Type Airport Digital Twin Foundation," "Boneng's New Generation Intelligent Vehicle Terminal," and "Boneng's Unpowered Equipment Location Terminal" in the second half of 2020, focusing on serving the construction of four-type airports.

In terms of capitalization, as a New Third Board listed company, the company will further raise funds in the capital market in 2020 based on the completed financing to quickly enter the New Third Board Innovation Layer and Selection Layer.

In terms of the team, the company will continue to expand and optimize the team structure for the upcoming new product releases in 2020, attracting a group of technical experts and marketing personnel with rich professional experience to improve team efficiency and enhance market sales capabilities and product R&D levels.

Q4: What are the most influential events in the industry since 2019? What major events in the industry will be focused on in 2020?

At the beginning of 2020, the Civil Aviation Administration of China (CAAC) issued the "China Civil Aviation Four-Type Airport Construction Action Outline (2020-2035) to Promote the Construction Action Outline of Four-Type Airports," pointing out the five basic principles of four-type airport construction and clarifying the "one plan, two steps" two-stage construction goals of four-type airport construction. It planned the five main tasks of four-type airport construction. The Ministry of Industry and Information Technology introduced the "Civil Aviation Industry Medium and Long-Term Development Plan," proposing to lead with informatization and based on core capabilities, to build a rational industrial structure, military-civil integration, and a combination of production, education, research, and use to create an innovative aviation industry system. Expand and form a complete industrial chain, promote the development of the civil aviation industry, accelerate the deep integration of the internet, big data, artificial intelligence, and the real economy, promote the in-depth application of new generation information technology in the civil aviation field, help build smart civil aviation, and promote the innovative development of civil aviation.

The company will continue to focus on the follow-up measures of the CAAC and various airports according to the "Outline," focusing on various new and expanded airports, providing four-type airport digital twin foundation products and related solutions to ensure the sustainable construction and development of four-type airports.

Q5: What are the events and trends that are likely to occur in the industry and the company's specific direction in 2020?

On January 3, 2020, the CAAC issued the "China Civil Aviation Four-Type Airport Construction Action Outline (2020-2035)," which clearly defined the five main tasks of four-type airport construction: building safe airports and strictly guarding the safety lifeline; building green airports to achieve sustainable development; building smart airports to promote transformation and upgrading; building humanistic airports to achieve harmonious development; and building a solid foundation for high-quality development of airports in the new era.

In August 2018, the CAAC issued the "Airport New Technology Catalogue Guide," and in November 2019, the CAAC issued the "Opinions on Promoting the Application of New Technologies in Airports," promoting the widespread use of new technologies, including digital twin systems. It is expected that the investment in airport construction will continue to grow at a rate of more than 10% in the next 5-10 years.

In 2020, the construction of four-type airports will become an inevitable trend in the industry, and the digital transformation of civil aviation airports will accelerate. The application of airport digitalization and smartization will flourish, providing a broad market prospect for the company's development.

 

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