Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) Bundle
Since its founding in 1994, Beijing UniStrong Science & Technology Co., Ltd. (listed as 002383.SZ) has evolved from a domestic GNSS hardware maker into a global geospatial player-launching the China LBS platform in 2000, the Atlas SBAS platform in 2010, acquiring Hemisphere GNSS in 2012 and rolling out the China Time system in 2015, while expanding partnerships such as the 2020 collaboration with PCCW Global; today UniStrong, with a market capitalization of about 7.34 billion CNY and roughly 740.36 million shares outstanding, operates a worldwide R&D and production network (USA, Canada, Italy, Japan, Singapore, Thailand, Pakistan), sells GNSS receivers, total stations and software, serves OEM/ODM, machine control, surveying, GIS and unmanned systems markets, and generates revenue from product sales, software development and service contracts-bolstered by Hemisphere as a wholly owned subsidiary and strategic global channels that position it across precision agriculture, engineering machinery control and marine navigation markets.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): Intro
- Founded: 1994 in Beijing; core focus on high-precision satellite navigation, GNSS receivers, and geospatial solutions.
- Listing: A-share listed on Shenzhen Stock Exchange (002383.SZ).
- Core markets: Surveying & mapping, agriculture, construction, smart transportation, timing & synchronization, location-based services (LBS), and international OEM/industrial partners.
- 1994 - Company established to develop GNSS and surveying instruments for the Chinese market.
- 2000 - Launched the 'China LBS' location service platform, entering the location-based services sector.
- 2010 - Introduced 'Atlas', a global satellite-based augmentation system (SBAS) platform to improve positioning accuracy and coverage.
- 2012 - Acquired Hemisphere GNSS Inc. (Canadian GNSS technology firm), expanding product portfolio and international reach.
- 2015 - Launched 'China Time', a high-precision time synchronization system aimed at telecom, power and finance sectors.
- 2020 - Strategic collaboration with PCCW Global to strengthen global service delivery and managed positioning services.
- Major shareholders: mix of institutional investors, company founders/management, and state-affiliated investment vehicles (typical for Shenzhen-listed tech firms).
- Key subsidiaries: Hemisphere GNSS (North America), R&D and manufacturing units in China focused on GNSS modules, receivers, RTK/PPP systems, timing products, and cloud/location services.
| Metric | Value (approx.) |
|---|---|
| Annual Revenue | ≈ RMB 1.2 billion |
| Net Profit (attributable) | ≈ RMB 90 million |
| Total Assets | ≈ RMB 2.5 billion |
| R&D Expense | ≈ RMB 120 million (10% of revenue) |
| Employees | ≈ 2,000 |
| Market Capitalization | ≈ RMB 6.0 billion |
- Mission: Deliver high-precision positioning, timing, and geospatial intelligence products and services to industry and government.
- Vision: Become a global leader in GNSS-based geospatial solutions through integrated hardware, software, and cloud services.
- Strategic priorities: international expansion (via Hemisphere GNSS and partners), vertical solutions (agriculture, surveying, telecom timing), platform services (Atlas, China LBS, China Time), and continued R&D investment.
- GNSS Receivers & Modules - multi-constellation RTK and PPP-capable hardware for cm- to dm-level positioning used in surveying, construction, precision ag, and autonomous platforms.
- Atlas SBAS Platform - augmentation and correction services to improve accuracy and integrity globally; integrates corrections, RTCM streams, and PPP services.
- China LBS - location platform providing mapping, routing, tracking and API services for enterprise and consumer applications.
- China Time - networked high-precision time-synchronization appliances and services for telecom, power grids, and financial infrastructures.
- Software & Cloud - mapping, data processing, fleet/location management, and subscription-based correction services (RTK/PPP/RTCM) delivered via cloud and partner networks.
- Integration & OEM - supplying modules and embedded GNSS solutions to industrial OEMs, vehicle manufacturers and machinery builders.
- Hardware Sales - one-time sales of GNSS receivers, modules, timing hardware, and surveying instruments (large share of revenue from enterprise equipment sales).
- Service Subscriptions - recurring revenue from correction services (RTK/PPP), LBS APIs, Atlas/SBAS access, and time synchronization services.
- Software & Cloud - licensing and SaaS for mapping, fleet management, and data-processing platforms.
- OEM & Channel Sales - supplying Hemisphere and other acquired tech into global OEM channels; long-term contracts with industry clients (construction, agriculture, utilities).
- Maintenance & Professional Services - installation, calibration, training, and long-term maintenance contracts for enterprise customers.
- Hardware ASPs and unit volumes - equipment sales fluctuate with infrastructure and capex cycles in surveying, construction and agriculture.
- Subscription growth - recurring margin-rich revenue from correction services and cloud/LBS subscriptions drives valuation multiple expansion.
- R&D intensity - sustained R&D spend (≈10% of revenue) to maintain multi-constellation, multi-frequency GNSS competitiveness.
- International sales mix - Hemisphere GNSS acquisition and PCCW Global partnership increase USD/foreign-revenue exposure and market diversification.
- Post-2012 integration of Hemisphere GNSS broadened product lines (OEM modules, embedded boards) and access to North American and global customers.
- Platformization (Atlas, China LBS, China Time) shifts business mix toward recurring services and SaaS-like revenue.
- Partnerships (e.g., PCCW Global) and channel expansion to offer global correction/positioning services and managed connectivity for IoT and M2M clients.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): History
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) traces its roots to surveying and geospatial instrument manufacturing and has evolved into a listed provider of GNSS, surveying, mapping, and precision agriculture solutions. Strategic acquisitions and international expansion have been central to its growth, notably the 2012 acquisition of Hemisphere GNSS Inc., which now operates as a wholly owned subsidiary and anchors UniStrong's overseas operations.- Founded as a domestic leader in surveying instruments, later diversified into GNSS modules, smart agriculture, and location-based services.
- Listed on the Shenzhen Stock Exchange under ticker 002383.SZ, enabling wider capital access and institutional ownership.
- 2012 acquisition of Hemisphere GNSS Inc. expanded product lines, R&D capability, and distribution in the Americas and Europe.
- Continues to combine domestic manufacturing scale with international technology and sales channels.
| Metric | Value |
|---|---|
| Ticker | 002383.SZ |
| Market capitalization (Dec 2025) | 7.34 billion CNY |
| Shares outstanding | 740.36 million |
| Major subsidiary | Hemisphere GNSS Inc. (wholly owned, acquired 2012) |
| Primary business lines | GNSS receivers/modules, surveying equipment, precision agriculture solutions, mapping services |
| Primary investor base | Institutional investors, public shareholders, management holdings |
- Ownership structure mixes public float with strategic, long-term institutional holders and insider/management stakes that align incentives toward technological R&D and global sales growth.
- Hemisphere GNSS functions as UniStrong's international R&D, product localization, and sales hub, contributing recurring revenue from overseas markets and expanding product compatibility (multi-constellation GNSS, inertial integration).
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): Ownership Structure
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) positions itself as a global provider of high-precision geospatial products and solutions, guided by a clear mission and set of values that drive its strategy, operations and ownership alignment.- Mission: To be a leading provider of high-precision professional products, solutions, and services in the global geospatial marketplace.
- Core values: innovation, quality, customer satisfaction, integrity, global expansion and reliability.
- Global footprint: facilities and business presence in the USA, Canada, Italy, Japan, Singapore, Thailand and Pakistan (7 countries).
| Item | Detail / Metric |
|---|---|
| Stock code | 002383.SZ (Shenzhen Stock Exchange) |
| Global facility count (countries) | 7 (USA, Canada, Italy, Japan, Singapore, Thailand, Pakistan) |
| Primary markets served | OEM/ODM, machine control, surveying, GIS, unmanned systems |
| Product scope | GNSS receivers, integrated platforms, software solutions, surveying instruments, unmanned vehicle navigation |
| R&D emphasis | Continuous GNSS technology development and platform innovation; sizable R&D investment prioritized (company reports R&D as core strategic spend) |
- Public shareholders: Shares listed and traded on Shenzhen Stock Exchange under 002383.SZ, making public float and institutional investors key components of equity ownership.
- Major strategic holders: Company has concentrated stakes held by founding/strategic entities and management-related shareholders that align with long-term technology and global growth objectives.
- Employee and management incentives: Long-term equity incentives and shareholding plans to retain technical talent and align interests with innovation-driven strategy.
- Innovation-led capital allocation: Ownership supports sustained R&D investment into advanced GNSS modules and integrated geospatial platforms to maintain technological leadership.
- Quality and compliance: Ownership governance emphasizes meeting international standards-certifications and product testing are core to maintaining export and OEM partnerships.
- Customer-centric business model: Shareholder strategy funds end-to-end solutions for surveying, machine control, GIS and unmanned systems, enabling OEM/ODM partnerships and recurring service revenue.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): Mission and Values
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) positions itself as an integrated provider of geospatial technology, combining hardware, software and services to serve surveying, construction, agriculture, marine and unmanned-system markets. The company's stated mission emphasizes precision, reliability and global accessibility of positioning and mapping solutions, while its values highlight innovation, customer-centricity and industry partnerships. How It Works UniStrong operates through a geographically distributed network of R&D centers, production plants, sales offices and service partners to deliver end-to-end geospatial solutions worldwide. Its operational model blends in-house development, OEM/ODM manufacturing and channel distribution to capture market share across multiple verticals.- Global footprint: R&D and production hubs in China with sales and service partners across Asia, Europe, Africa, Oceania and the Americas; products reportedly sold in 80+ countries/regions.
- Integrated product stack: GNSS receivers, multi-frequency RTK modules, total stations, laser scanners, machine-control systems, and software platforms for surveying, GIS and construction management.
- Solution bundles: OEM/ODM integration, turnkey machine control kits, precision-agriculture guidance suites, marine-navigation GNSS+INS packages, and unmanned aerial/ground system payloads.
- Channel mix: Direct sales to government and enterprise accounts, distribution to surveying dealers, and partnerships for telecom and cloud connectivity.
- GNSS receivers: Single/dual-frequency and multi-constellation RTK/GNSS units for centimeter-to-decimeter level positioning.
- Total stations & sensors: Motorized total stations and complementary sensors for surveying and construction layout.
- Software & cloud: Desktop and mobile surveying software, real-time correction services, and cloud data workflows for GIS and asset management.
- Systems integration: Solutions for machine control (excavators, graders), precision agriculture guidance, marine navigation and unmanned platforms (UAVs, USVs, UGVs).
- Typical integrated application examples:
- Precision agriculture: RTK guidance for seeding/harvesting with sub-10 cm accuracy.
- Engineering machinery control: GNSS+INS-based auto-steer and cut/fill control for earthmoving equipment.
- Marine navigation: GNSS+INS aids for hydrographic surveying and offshore positioning.
- Unmanned systems: High-precision payloads for UAV mapping and inspection missions.
| Revenue category | Primary customers | Monetization model |
|---|---|---|
| Hardware (GNSS, total stations) | Surveying firms, construction contractors, equipment OEMs | Direct product sales, volume OEM contracts |
| Integrated systems & machine control | Construction/earthmoving fleets, agricultural operators | Project/system sales, installation fees |
| Software & cloud services | Survey teams, GIS departments, fleet operators | License sales, SaaS/subscription, data services |
| After-sales & services | End users and channel partners | Maintenance contracts, spare parts, training |
- Company scale: Listed on Shenzhen Stock Exchange (002383.SZ), competing domestically with other geospatial suppliers and internationally against established OEMs.
- Revenue mix: Historically driven by hardware sales, with an increasing share from software/services as the company pushes solutions and recurring revenue.
- R&D intensity: UniStrong consistently invests a meaningful portion of revenues into R&D to sustain product upgrades and new offerings (company targets and disclosures typically show double-digit R&D as a percentage of operating revenue in growth phases).
- Export reach: Product distribution across dozens of countries, with particular penetration in Asia-Pacific, Africa and parts of Latin America.
- Strategic partnerships: Collaborations with international communications and cloud partners (e.g., PCCW Global) to provide connectivity, value-added services and global support for time-sensitive GNSS data distribution.
- OEM/ODM ecosystem: Supplying modules and integrated solutions to third-party equipment manufacturers to expand addressable markets without direct retail channels.
- Competitive edge: Cost-competitive hardware, vertically integrated manufacturing, and localized service networks enable UniStrong to compete on price-performance in emerging markets.
- Hardware unit shipments and ASPs (average selling prices) - drive near-term revenue.
- Recurring service/subscription adoption (correction services, cloud) - improves margin stability.
- OEM contract volumes and allocation - signal capacity utilization and backlog.
- R&D outcomes and product refresh cycles - impact long-term competitive positioning.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): How It Works
Beijing UniStrong Science&Technology CO.,LTD designs, manufactures and sells high-precision GNSS/satellite navigation hardware, embedded modules, software and integrated system solutions. The company combines in-house R&D, OEM/ODM manufacturing and channel/service delivery to serve surveying, machine control, GIS, marine, precision agriculture and unmanned systems markets worldwide.- Core product lines: GNSS receivers (RTK/PPP), OEM modules, INS-aided GNSS, machine-control controllers, marine navigation systems and surveying instruments.
- Software & services: positioning/RTK software, mapping/GIS platforms, cloud correction and technical support/service contracts.
- Sales channels: direct enterprise sales, OEM/ODM partnerships, global distributors and after‑sales service networks.
- Product sales - primary revenue source from hardware (receivers, modules, terminals) sold to OEMs, integrators and end-users.
- Software & licensing - recurring and one‑time license fees for positioning algorithms, firmware and cloud correction services.
- Service contracts - installation, maintenance, training, RTK network access and data services for enterprise customers.
- Channel/international revenue - growth from overseas operations and acquired subsidiaries that supply solutions to global markets.
| Revenue Component | Typical Contribution | Primary Customers/Markets |
|---|---|---|
| Hardware sales (GNSS receivers & modules) | ~60-75% | Surveying firms, OEMs, machine control, marine, precision agriculture |
| Software & cloud services | ~10-25% | GIS platforms, RTK/PPP correction subscribers, mapping service providers |
| Service & maintenance contracts | ~5-15% | Enterprise customers, construction fleets, marine fleets |
| International subsidiaries & channel sales (including Hemisphere GNSS) | Contributes materially to above lines | Americas, EMEA, APAC distribution partners |
- Acquisition of Hemisphere GNSS expanded product portfolio for North American and global markets, increased international OEM relationships and added a substantial installed base for recurring service and support revenue.
- Collaboration with PCCW Global has enabled UniStrong to package positioning hardware with global connectivity and managed services, opening recurring-revenue channels (e.g., cloud RTK broadcast, managed GNSS services) to telecom and enterprise customers.
- R&D develops GNSS receivers, modules and positioning algorithms → units are produced in-house or via OEM partners.
- Products are sold directly to integrators, machine-control vendors, surveying companies and marine/precision agriculture firms; OEM/ODM relationships embed modules in third‑party equipment.
- Software, firmware updates and cloud correction services provide recurring revenue and lock-in (subscriptions, licenses, support contracts).
- International subsidiaries and distributor networks (strengthened by Hemisphere GNSS) convert domestic R&D into export sales and after‑sales contracts.
- Precision agriculture - hardware + RTK correction subscriptions sell to farmers and OEM tractor manufacturers for yield/efficiency gains.
- Engineering & construction machinery control - turn‑key machine control kits plus installation and maintenance contracts.
- Surveying & GIS - high‑margin professional instruments, software suites, training and long‑term service agreements.
- Marine navigation - integrated receivers, autopilot interfaces and maritime service agreements for commercial fleets.
- Unmanned systems (UAV/UGV) - compact OEM modules and developer SDK licensing for robotics and surveying drones.
- Product mix - shifting sales toward high-margin modules and software increases gross margin.
- Recurring revenue growth - subscriptions for cloud RTK and service contracts stabilize cash flows and improve valuation multiples.
- International expansion - Hemisphere GNSS and channel partnerships increase foreign revenue share and diversify currency exposure.
- OEM/ODM scale - volume module sales to equipment makers drive unit economics and lower per‑unit production cost.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ): How It Makes Money
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) generates revenue by designing, manufacturing and selling high-precision GNSS (global navigation satellite system) products, providing data services and integrated geospatial solutions, and delivering technical support and system integration for government and commercial customers worldwide. Its business model blends product sales, recurring services, licensing and project-based system integration.- Core product lines: GNSS receivers, OEM modules, high-precision RTK/PPP devices, surveying equipment and agricultural/automotive-grade positioning units.
- Services and recurring revenue: subscription-based correction and positioning services, cloud mapping, post-processing services and maintenance contracts.
- Solutions and integration: turnkey surveying systems, fleet telematics packages, and customized geospatial solutions for smart city, agriculture, and construction clients.
- International expansion: sales through subsidiaries and partners (notably Hemisphere GNSS Inc.), and strategic partnerships such as the 2020 collaboration with PCCW Global to extend connectivity and service reach.
| Metric | Latest publicly disclosed / indicative figure | Notes |
|---|---|---|
| Stock code | 002383.SZ | Listed on Shenzhen Stock Exchange |
| Estimated annual revenue (recent year) | ~RMB 1.2 billion | Company reports show mid‑to‑high single‑ to low double‑digit growth historically |
| Estimated net profit (recent year) | ~RMB 120-180 million | Variable by year due to R&D and M&A timing |
| R&D spend | ~8-12% of revenue (~RMB 100-150 million) | Continuous investment to maintain GNSS tech leadership |
| Employees | ~1,500-2,500 | Engineering-heavy headcount across China, North America and EMEA |
| Key M&A / partnership | Hemisphere GNSS acquisition; PCCW Global collaboration (2020) | Enhanced global product portfolio and connectivity/services |
- Global standing: UniStrong holds a significant position in the global geospatial/GNSS market through a full-stack offering from chips/OEM modules to end-user receivers and cloud services, enabling cross‑sell between hardware and recurring services.
- Hemisphere GNSS acquisition: The integration of Hemisphere expanded UniStrong's international footprint, adding proprietary GNSS intellectual property and access to North American and global OEM channels, improving competitiveness across premium and mid-tier segments.
- PCCW Global tie-up (2020): The collaboration strengthened global service delivery - improving low-latency, high-availability correction services and enterprise connectivity for customers operating across regions.
- R&D intensity: Sustained R&D investment (typically near double‑digit percentage of revenue) keeps the company at the forefront of multi‑constellation GNSS, high-precision PPP/RTK techniques, and integrated sensor fusion for autonomous and vertical‑market applications.
- Growth drivers: Rising demand for precise positioning in agriculture, construction, autonomous vehicles, and location-based services worldwide supports a positive long-term outlook; UniStrong's strategy emphasizes global expansion, OEM partnerships and recurring-service monetization.
- Hardware sales: High-margin OEM and branded receivers sold to surveying, agriculture and vehicle markets.
- Recurring services: Subscription fees for correction streams, cloud processing and mapping services driving steady, higher‑margin annuity revenue.
- System integration & projects: Large one‑off contracts for infrastructure, smart city and defense customers.
- After‑sales & support: Service contracts, spare parts and software updates contributing to lifecycle revenue.
- Licensing & IP: Licensing of GNSS algorithms and chipset-level technology to partners and OEMs.
Beijing UniStrong Science&Technology CO.,LTD (002383.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.