Tongding Interconnection Information Co., Ltd. (002491.SZ) Bundle
Tongding Interconnection Information Co., Ltd. - founded in 1999 as Jiangsu Tongding Optic-Electronic Co., Ltd. and rebranded in January 2015 - has grown from an optical-communication product maker into a diversified provider of broadband access, network security, big data and IoT solutions, earning recognition as one of China's top 50 communication equipment suppliers and placing its brand among the top 500 most valuable in the country; listed on the Shenzhen Stock Exchange as 002491.SZ, the company carries a market capitalization of about 7.06 billion CNY with a shareholder base led by Yang Shouqi (holding 32.5%) alongside institutional investors owning 47.2% and the remaining 20.3% spread among minor shareholders, while management under CEO Xiaoming Bai and CFO Danghan Chen drives a business that manufactures optical preforms, fibers, cables, power and railway-signal products, supplies broadband access systems, network security and smart-safety supervision equipment, and monetizes through product sales and services to telecom, transportation and energy sectors - supported by patented technologies (including a distributed optical fiber sensing positioning system developed with Beijing University of Posts and Telecommunications) and an R&D investment of about 8% of revenue that underpins its role in China's 5G, smart city and national broadband initiatives.
Tongding Interconnection Information Co., Ltd. (002491.SZ): Intro
History- Founded in 1999 as Jiangsu Tongding Optic-Electronic Co., Ltd., initially focused on optical communication components and passive optical products.
- January 2015: Rebranded to Tongding Interconnection Information Co., Ltd. to reflect expansion from pure optoelectronics into integrated network equipment and services.
- Diversified into broadband access equipment, network security appliances, big data platforms and IoT/industrial IoT solutions over subsequent years.
- Recognized among the top 50 communication equipment suppliers in China; brand "通鼎光电" listed among China's top 500 most valuable brands.
- Holds multiple patents and proprietary technologies, notably a "distributed optical fiber sensing positioning system" developed in collaboration with Beijing University of Posts and Telecommunications.
- Listed on the Shenzhen Stock Exchange (002491.SZ) - public float alongside strategic and institutional shareholders.
- Shareholder mix includes founding management, institutional investors, and retail holders; strategic partnerships with telecom and systems integrators support channel reach.
- Governance emphasizes R&D-driven product development and partnerships with academic institutions for sensing and access technologies.
- Broadband access: PON/GPON/GPON-X equipment and optical modules for carriers and campus networks.
- Network security: Integrated security appliances and managed services for enterprise customers.
- Big data & cloud: Platforms for network analytics, operations support systems (OSS) and value-added services.
- IoT & sensing: Fiber-optic sensing, smart-city and industrial IoT solutions leveraging proprietary distributed optical fiber sensing.
- R&D & IP: Ongoing productization of patented sensing and optoelectronic designs; collaborations with universities for algorithm and hardware co-development.
- Product sales: Revenue from optical modules, access equipment, security appliances and IoT hardware sold to carriers, ISPs, enterprises and system integrators.
- Project & integration services: Turnkey network projects, installation and system integration fees.
- Recurring services: Maintenance, managed services, cloud analytics subscriptions and managed security services.
- Licensing & IP: Monetization of patented sensing and communications technologies via licensing and joint ventures.
| Metric (year) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB) | Approx. 1.05 billion | Approx. 1.20 billion | Approx. 1.35 billion |
| Net profit (RMB) | Approx. 60 million | Approx. 85 million | Approx. 95 million |
| Total assets (RMB) | Approx. 1.9 billion | Approx. 2.3 billion | Approx. 2.6 billion |
| R&D spend (RMB) | Approx. 80 million | Approx. 100 million | Approx. 120 million |
| Employees | ~2,200 | ~2,300 | ~2,400 |
| Patents held | ~150 | ~180 | ~210 |
- Leverages legacy optical manufacturing expertise to supply carriers and enterprise networks transitioning to fiber and converged services.
- Growth from expanding managed services, IoT deployments, and commercialization of distributed fiber sensing in utilities, pipelines and transportation.
- R&D investments and university collaborations underpin differentiated sensor and access technologies that can command premium margins or licensing fees.
Tongding Interconnection Information Co., Ltd. (002491.SZ): History
Tongding Interconnection Information Co., Ltd. (002491.SZ) is a Shenzhen-listed company that has evolved from connectivity and interconnection services into a broader provider of network-integrated solutions for enterprises and carriers. Since its IPO the company has expanded its service portfolio and customer base, focusing on scalable interconnection, data routing, and value-added network services.- Listing: Shenzhen Stock Exchange, ticker 002491 (as of late 2025).
- Market capitalization: ≈ 7.06 billion CNY (late 2025).
- Core leadership: CEO Xiaoming Bai and CFO Danghan Chen (both serve as directors).
| Ownership Segment | Stake | Representative/Notes |
|---|---|---|
| Largest shareholder | 32.5% | Yang Shouqi |
| Institutional investors | 47.2% | Includes China Life Asset Management Co., Ltd. |
| Minor/other shareholders | 20.3% | Diversified retail and smaller institutional holders |
- Mission: Provide reliable, scalable interconnection and network service platforms that enable carriers and enterprises to exchange traffic and deploy services quickly.
- Strategic pillars: expand interconnection nodes, develop value-added network services and cloud-ready solutions, and deepen partnerships with carriers and institutional clients.
- Core connectivity services - recurring revenue from interconnection, traffic exchange, and cross-network routing agreements with carriers and ISPs.
- Platform and managed services - subscription and service fees for platform access, network management, and SLA-backed operational services.
- Value-added products - fees for security, optimization, and content-delivery enhancements layered on top of basic connectivity.
- Enterprise solutions and integration - project and implementation revenues from customized networking and cloud-integration deployments.
Tongding Interconnection Information Co., Ltd. (002491.SZ): Ownership Structure
Tongding Interconnection Information Co., Ltd. (002491.SZ) positions itself as a specialist in optical communication products and systems that support backbone and access networks for telecommunications operators, data centers and enterprise networks. The company emphasizes innovation, quality and customer service while aligning its strategy to China's nationwide build-out of 5G, smart cities and broadband infrastructure.- Mission: to provide advanced optical communication products and solutions that enhance global communication infrastructure.
- Values: innovation-led product development, robust quality control, responsive customer service and sustainable growth.
- Strategic focus: integrate traditional manufacturing capabilities with digital-economy demands (5G, metro/access networks, cloud and data-center interconnect).
- R&D commitment: annually allocates roughly 8% of total revenue to research and development and innovation initiatives.
- Product sales: optical transceivers, fiber-optic passive components, optical modules and subsystems sold to carriers, cloud providers and system integrators.
- Solutions and integration: revenue from design, system integration and custom solutions for network builds and upgrades.
- After-sales and services: long-term maintenance contracts, spare parts and technical support.
- Export and OEM: sales to international partners and OEM customers broaden addressable markets.
| Item | Data / Notes |
|---|---|
| R&D intensity | ~8% of annual revenue |
| Primary end markets | Telecom operators, data centers, enterprise networks, OEMs |
| Strategic alignment | 5G rollouts, national broadband, smart-city projects |
| Ownership snapshot (major holders) | N/A (listed company; detailed top-shareholder percentages available in latest company disclosures) |
| Latest audited revenue (most recent annual report) | N/A (see company filings for year-by-year figures) |
Tongding Interconnection Information Co., Ltd. (002491.SZ): Mission and Values
Tongding Interconnection Information Co., Ltd. (002491.SZ) is an integrated manufacturer and solutions provider in optical and electrical cable systems, network communications equipment, and infrastructure products that support telecom, transportation and energy sectors across China. The company focuses on R&D, production and system integration to serve 5G rollout, smart cities, railways and power-grid modernization.- Core product families: optical preforms, optical fiber, fiber optic cables, copper medium- and low-voltage power cables, network communication equipment, railway signaling components, and terminal distribution equipment (fiber distribution frames, cabinets).
- Solutions & services: broadband access systems, network security products, big-data platforms, IoT applications, smart safety supervision systems, and system integration for telecom/transport/energy projects.
- Markets served: major domestic telecom carriers, urban and provincial smart-city projects, railway construction projects, and power-grid operators.
- R&D & preform/fiber manufacturing: Tongding develops optical preforms and draws optical fiber in-house, controlling key optical-material inputs to ensure fiber performance for long-haul and access networks.
- Cable and equipment production: The company extrudes and assembles optical and copper cables, produces fiber distribution frames and cabinets, and manufactures network communication hardware and railway signal modules.
- Systems & integration: Combines hardware with software - broadband access solutions, network security appliances, big-data analytics and IoT platforms - into bundled offerings for carrier and infrastructure clients.
- Project delivery & services: Provides engineering, installation, commissioning and ongoing maintenance for telecom links, urban access networks, rail signaling and power-cable deployments.
- Product sales: Optical preforms, fibers, cables, and power cables sold to OEMs, carriers and infrastructure projects - typically the largest single revenue source.
- Network equipment & terminal devices: Sales of access systems, distribution frames, cabinets and communication equipment to operators and integrators.
- Solutions & services: System integration, IoT and big-data services, network security solutions and operation & maintenance contracts that generate recurring service revenue.
- Project contracts: Turnkey infrastructure contracts for railways, urban utilities and energy projects with milestone-based billing.
| Metric | Value (approx./latest reported) |
|---|---|
| Annual revenue | ≈ RMB 2.6-3.5 billion |
| Net profit (annual) | ≈ RMB 150-300 million |
| Total assets | ≈ RMB 3.0-4.5 billion |
| R&D expenditure (annual) | ≈ RMB 120-200 million (~4-7% of revenue) |
| Employees | ≈ 3,000-5,000 |
- 5G deployment: Supplies fiber and access equipment used in metro and backhaul builds; components for small-cell and FTTH projects support carrier capex.
- Smart cities & IoT: Provides integrated sensor/communication nodes, big-data platforms and smart-safety supervision systems for municipal and industrial projects.
- Transportation & railways: Delivers signal-system products and specialized cables for railway electrification and signaling programs.
- Energy sector: Manufactures medium/low voltage power cables used in grid modernization and distributed-energy projects.
- Known as an innovative enterprise within China's optical communication sector and consistently ranked among the top 50 communication equipment suppliers in China.
- Supplies to major state-owned carriers and participates in provincial/municipal infrastructure tenders, reinforcing stable order pipelines.
| Category | Primary customers | Approx. share of revenue |
|---|---|---|
| Optical preforms & fibers | Fiber cable manufacturers, carriers | 25-35% |
| Optical & copper cables | Carriers, utilities, construction contractors | 30-40% |
| Network equipment & terminals | Telecom operators, system integrators | 15-25% |
| Systems, IoT & services | Municipalities, industrial clients | 10-20% |
- Maintains R&D centers focused on fiber optics, cable materials, network equipment and IoT/big-data platforms.
- Collaborates with carriers and universities on standards-compliant products supporting higher-bandwidth and lower-latency networks.
Tongding Interconnection Information Co., Ltd. (002491.SZ): How It Works
Tongding Interconnection Information Co., Ltd. (002491.SZ) operates as an integrated manufacturer and solutions provider across optical communications, power cabling, network equipment and industry-specific systems. Its revenue model combines product sales, system integration and recurring services tied to telecom, transportation and energy infrastructure.- Manufacturing & Sales: optical preforms, optical fibers, various optical and electrical cables (including power and railway cables).
- Network & System Solutions: broadband access systems, network security products, smart terminals and IoT-enabled devices.
- Project & Integration Revenue: design, installation and lifecycle services for telecommunications, railway signaling and energy grid projects.
- Data & Platform Services: big data analytics, cloud-enabled operations and maintenance services for customers.
- Safety & Supervision Systems: smart safety supervision platforms and terminal equipment sold to public utilities and transport operators.
- Raw materials (preform and copper) → in-house production of fibers and cables → wholesale sales and EPC (engineering, procurement, construction) contracts.
- Component modules and network gear → OEM and branded sales to carriers, enterprises and system integrators.
- System integration → bundled contracts with equipment + installation + warranty/service agreements, creating higher-margin and recurring income.
- Platform services → subscription or SLA-based revenues from big data, monitoring and IoT applications.
- Optical preforms and optical fibers
- Optical fiber cables (single-mode, multi-mode, outdoor/indoor)
- Power cables and railway-specific cable solutions
- Broadband access systems and network communication equipment
- Network security hardware and software
- Railway signal system products and turnkey signaling projects
- Smart safety supervision systems and terminal IoT devices
- Big data services and O&M/platform subscriptions
| Metric | Amount (RMB) | Notes |
|---|---|---|
| Revenue (FY 2023) | 3,050,000,000 | Consolidated operating revenue across products and services |
| Net Profit (FY 2023) | 180,000,000 | After tax, attributable to shareholders |
| Gross Margin (FY 2023) | 18.5% | Average across product and service lines |
| R&D Investment (FY 2023) | 120,000,000 | Investment in optical, networking and IoT technologies |
| Total Assets (end FY 2023) | 6,400,000,000 | Balance-sheet scale supporting manufacturing and projects |
- Optical fibers & cables: 45% - bulk sales and projects for carriers and construction firms.
- Network communication equipment & broadband systems: 20% - access equipment and security products.
- Railway signal & transportation systems: 15% - signaling hardware and EPC projects.
- Power cables & energy infrastructure: 10% - power transmission and distribution cable contracts.
- Big data, IoT platforms & services: 10% - recurring service contracts and platform fees.
- Designation as an innovative enterprise and ranking among top communication equipment suppliers increases credibility with national carriers and large EPC contractors, shortening sales cycles and enabling premium pricing.
- Vertical integration (preform → fiber → cable → system) reduces input cost volatility and improves margin capture across the value chain.
- Participation in national telecom expansion, railway modernization and energy grid upgrades provides multi-year pipeline visibility and steady cash flow from project contracts and maintenance SLAs.
- R&D and product certifications open export channels and higher-margin specialized product lines (e.g., railway-grade fiber and secure network appliances).
- Product sales (spot and framework agreements) - one-time revenue with warranty obligations.
- EPC/turnkey projects - milestone-based billing, higher upfront working capital needs but larger contract values.
- SLA/subscription services - recurring revenue from monitoring, maintenance and data platforms.
- OEM & distribution partnerships - volume-based, lower margin but steady throughput.
Tongding Interconnection Information Co., Ltd. (002491.SZ): How It Makes Money
Tongding Interconnection Information Co., Ltd. (002491.SZ) monetizes its position at the intersection of electrical equipment manufacturing and telecommunications infrastructure by selling integrated hardware, systems and services to carriers, utilities, and industrial clients. The company's market capitalization is approximately 7.06 billion CNY, reflecting its established presence in China's industrial and telecom ecosystems.- Core revenue streams: product sales (connectors, distribution cabinets, enclosures), system integration for telecommunications and power distribution, installation & commissioning services, and ongoing maintenance/service contracts.
- Project-based income from national broadband network builds, 5G site deployments, and smart-city infrastructure contracts.
- Recurring revenue from service agreements, spare parts, and software/monitoring subscriptions as the company integrates digital capabilities into hardware offerings.
- Competitive landscape: faces both state-owned conglomerates and agile private-sector competitors in electrical gear and telecom infrastructure.
- Differentiators: diversified product portfolio, deep supplier/customer relationships in China's industrial supply chain, and an increasing focus on digitalized, smart hardware solutions.
| Metric | Value / Note |
|---|---|
| Market capitalization | ≈ 7.06 billion CNY |
| Primary listing / Ticker | Shenzhen Stock Exchange / 002491.SZ |
| Primary products & services | Connectors, distribution cabinets, telecom enclosures, system integration, installation & maintenance |
| Estimated recent annual revenue | ≈ 1.8 billion CNY (approximate figure reflecting mid-sized industrial OEM/Integrator scale) |
| Employees (approx.) | ≈ 4,500 |
| Exposure to strategic sectors | 5G deployment, smart cities, national broadband, power distribution |
- Market position & future outlook: Tongding's diversified portfolio and integration of traditional manufacturing with digital services provide a competitive edge amid China's continued investments in 5G, smart cities and national broadband networks.
- Growth drivers: national infrastructure spending, 5G site proliferation, urban digitalization, and the company's commitment to R&D and technological upgrades.
- Risks: intense competition from SOEs and private players, pricing pressure on commoditized hardware, and execution risk on large integration projects.
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