Beijing Ultrapower Software Co., Ltd. (300002.SZ) Bundle
Founded on May 18, 2001 by Li Li and among the first GEM-listed firms in 2009 (stock code 300002), Beijing Ultrapower Software has grown into a diversified tech group that reported 6.45 billion CNY in revenue for 2024 (up 8.22% year-over-year) and 1.43 billion CNY net income (up 60.92%), while expanding from enterprise IT services into mobile games, IoT communications and AI/ICT operations management and launching the Radar Risk Management SaaS in 2025; its balance sheet shows 1.83 billion CNY in cash and equivalents versus just 24.8 million CNY of debt, ~1.97 billion shares outstanding (float ~1.77 billion), insider ownership ~11.79% and institutional holdings ~18.36%, a large patent portfolio with over 1,700 applications and 1,000+ authorized patents plus 2,100 software copyrights, products such as Ultra-IAM and Ultra-SDP and game titles like War and Order and Infinite Galaxy, a trailing EPS of 0.54 CNY and P/E around 21, market capitalization of 22.48 billion CNY (Nov 26, 2025) and historically low beta readings (0.39 / 0.32 reported), all signaling how Ultrapower's technology, patent-driven IP and multi-segment model generate cash (operating cash flow 1.65 billion CNY in 2024 against capital expenditures of 164 million CNY) while positioning it for continued participation in telecommunications, finance, government and industrial digitalization
Beijing Ultrapower Software Co., Ltd. (300002.SZ): Intro
Beijing Ultrapower Software Co., Ltd. (300002.SZ) is a Beijing-based software and information technology company founded on May 18, 2001, by Li Li. It has evolved from enterprise software services into AI-driven SaaS and industry solutions, with footprints in finance, insurance, government, and gaming.- Founded: May 18, 2001 (Founder: Li Li)
- Stock code: 300002.SZ - listed on Shenzhen GEM in 2009
- Diversification: mobile game development added by 2015
- R&D infrastructure: National Enterprise Technology Center and Beijing Engineering Laboratory established in 2017
- New product (2025): Radar Risk Management SaaS leveraging proprietary NLP
History & Milestones
- 2001: Company founded to provide software and IT services to enterprise and public sector clients.
- 2009: Successful IPO on Shenzhen Growth Enterprise Market (GEM), stock code 300002, signaling market acceptance and access to capital for growth.
- 2015: Expanded into mobile game development to diversify revenue streams and tap consumer markets.
- 2017: Built the National Enterprise Technology Center and Beijing Engineering Laboratory to formalize R&D and accelerate productization of AI and platform technologies.
- 2024: Reported revenue of 6.45 billion CNY (up 8.22% YoY as of Dec 31, 2024).
- 2025: Launched Radar Risk Management SaaS platform targeting finance, insurance, and government users using proprietary NLP capabilities.
Ownership & Corporate Structure
- Publicly traded: majority free float with institutional and retail shareholders following GEM listing; strategic shareholders include founding management and investment entities.
- Key internal units: enterprise software division, AI & analytics lab, game development studio, and SaaS product unit (Radar).
- International presence: selective cross-border partnerships and exports of software/IP; primary revenue and operations remain China-centric.
Mission, Vision & Competitive Positioning
- Mission: to empower organizations with intelligent software and data-driven risk management solutions.
- Vision: to be a leading provider of AI-enabled enterprise SaaS and industry applications in China and adjacent markets.
- Competitive edges: proprietary NLP models, long-term government and financial-sector contracts, and integrated R&D infrastructure.
How It Works - Products & Technology
- Core offerings:
- Enterprise software and system integration for government and corporate clients
- AI and NLP engines used for document understanding, compliance, and automated decisioning
- Radar Risk Management SaaS (2025) - modular risk scoring, monitoring, alerts, and reporting
- Mobile games and consumer applications (revenue diversification)
- R&D model: centralized labs (National Enterprise Technology Center, Beijing Engineering Lab) drive algorithm development, product prototyping, and standards compliance.
- Delivery: on-premise, cloud-hosted SaaS, and hybrid deployments with client-specific customization and ongoing support contracts.
How It Makes Money - Business Model & Revenue Streams
- Primary revenue streams:
- Software licensing and implementation fees for enterprise projects
- SaaS subscriptions and platform usage fees (Radar Risk Management and other cloud services)
- Maintenance, support, and professional services (customization, integration)
- Product sales and monetization from mobile games
- Long-term government and financial-sector contracts providing recurring revenue and higher gross margins
- Monetization tactics: tiered SaaS pricing, per-seat or per-transaction fees, multi-year service contracts, revenue-sharing or in-app monetization for games.
- Cost drivers: R&D investment, cloud infrastructure, sales/implementation teams, and content development for gaming.
Key Financials (Selected Years)
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue (CNY) | 5.45 billion | 5.96 billion | 6.45 billion |
| Revenue YoY growth | - | 9.36% | 8.22% |
| Net profit (CNY) | 420 million | 465 million | 502 million |
| R&D expense (CNY) | 210 million | 260 million | 310 million |
| R&D as % of revenue | 3.85% | 4.36% | 4.81% |
| Gross margin | 42.0% | 43.5% | 44.2% |
Customers & Market Focus
- Primary customer segments: banks, insurance firms, government agencies, large enterprises, and mid-market firms seeking compliance and risk automation.
- Client relationships: multi-year contracts and long procurement cycles typical in public sector and financial services.
- Target expansion: cross-sell SaaS to existing enterprise base, scale Radar platform across insurance and municipal risk units.
Risk Factors & Growth Drivers
- Growth drivers:
- Adoption of AI/NLP in regulated sectors
- Recurring revenue shift from license projects to SaaS
- Increased government digital transformation spending
- Risks:
- Competition from larger cloud and AI vendors
- Regulatory changes affecting data and AI use
- Dependence on a set of large contracts and public procurement cycles
Further reading: Exploring Beijing Ultrapower Software Co., Ltd. Investor Profile: Who's Buying and Why?
Beijing Ultrapower Software Co., Ltd. (300002.SZ): History
Beijing Ultrapower Software Co., Ltd. (300002.SZ) was founded in the early 2000s as a developer of embedded systems and industrial software solutions. Over two decades it expanded into smart manufacturing, industrial IoT platforms, and customized software services for energy, utilities, and automotive sectors. Key milestones include IPO listing, platform launches for IoT/edge computing, and partnerships with major state-owned enterprises and manufacturing groups.- Founded: early 2000s
- Primary focus: embedded systems, industrial IoT, smart manufacturing software
- Listing: Shenzhen Stock Exchange (300002.SZ)
- Strategic partners: energy, utilities, automotive and industrial manufacturers
| Metric | Value |
|---|---|
| Shares outstanding | ≈ 1.97 billion |
| Year-over-year change in shares | -0.09% |
| Insider ownership | 11.79% |
| Institutional ownership | 18.36% |
| Public float | ≈ 1.77 billion shares |
| Beta (5y) | 0.39 |
| 52‑week range | 7.73 CNY - 16.08 CNY |
- Deliver dependable industrial software and IoT platforms that increase asset efficiency, safety, and digital transformation for heavy industry and utilities.
- Combine embedded expertise with cloud/edge solutions to enable predictive maintenance, process optimization, and data-driven operations.
- Product portfolio: embedded OS and middleware, industrial control software, IoT platform, analytics modules.
- Deployment model: licensed on-premise software, cloud/edge subscriptions, and project-based engineering services.
- Sales channels: direct enterprise sales, system integrators, channel partners, and government contracts.
- License & software sales: perpetual and subscription licences for industrial control and IoT platforms.
- Services & integration: design, customization, deployment, and long-term maintenance contracts.
- Recurring revenue: SaaS/subscription modules and support contracts with industrial customers.
- Project revenue: one-off large integration projects for utilities, manufacturing lines, and energy operators.
- Stable share structure: 1.97 billion shares outstanding with a minimal -0.09% yearly change.
- Alignment & liquidity: insiders 11.79%, institutions 18.36%, float ≈1.77 billion shares.
- Risk profile: low volatility relative to market (beta 0.39); price traded between 7.73-16.08 CNY over the last 52 weeks.
Beijing Ultrapower Software Co., Ltd. (300002.SZ): Ownership Structure
Beijing Ultrapower Software Co., Ltd. (300002.SZ) is a publicly listed IT services and software company focused on enterprise digitalization, industrial IT, and software development. The company combines R&D, product development, consulting and project implementation to serve government and enterprise clients domestically and increasingly abroad. Its strategic mission emphasizes innovation, technological leadership and improving people's work and life through information technology.- Mission and values: committed to becoming a leading enterprise in the digital economy, emphasizing continuous innovation and a global presence.
- Social impact: focuses on using information technology to promote industrial development and social progress and to improve work and life quality.
- Recognition: designated a High‑tech Enterprise, National Enterprise Technology Center and home to a Beijing Engineering Laboratory.
- Intellectual property portfolio:
- Patent applications: >1,700 in core fields
- Authorized patents: >1,000
- Software copyrights: ~2,100
- Core offerings: enterprise IT consulting, solutions, software products, project implementation and operation services.
| Listed ticker | 300002.SZ |
|---|---|
| Listing status | Publicly listed on Shenzhen Stock Exchange |
| Corporate R&D recognitions | High‑tech Enterprise; National Enterprise Technology Center; Beijing Engineering Laboratory |
| Patents applied | >1,700 |
| Authorized patents | >1,000 |
| Software copyrights | ~2,100 |
- How it makes money:
- Fee-based IT consulting and systems integration projects for enterprises and government agencies.
- Licensing and sales of self-developed software products.
- Operation and maintenance contracts, cloud and platform services, and long‑term outsourcing engagements.
Beijing Ultrapower Software Co., Ltd. (300002.SZ): Mission and Values
Beijing Ultrapower Software Co., Ltd. (300002.SZ) positions itself as a diversified provider of cyber security, AI/ICT operations management, mobile entertainment and IoT communications solutions, focused on trustworthy identity, secure access and operational intelligence for industry customers. Its mission centers on enabling secure digital transformation across telecom, finance, energy, government and transportation sectors through platformized products, automated operation and domain-specific solutions. How It Works Ultrapower operates through four main business segments that generate diversified revenue streams and cross‑sell capabilities across enterprise and consumer domains.- AI / ICT Operations Management - platforms and SaaS for automated operation, security orchestration, log audit and intelligent incident response.
- Mobile Games - development and publishing of mid-to-large scale strategy and sci‑fi titles that generate IP, user spending and global distribution income.
- IoT Communications - asset security and device trust solutions, including management platforms and micro‑isolation for edge devices.
- Innovative Businesses - emerging AI security, cloud-native security services and industry-specific integrations driving long-term growth.
- Identity & Access: Ultra‑IAM (identity and access management) for centralized identity lifecycle, provisioning and privilege governance.
- Zero Trust & Secure Access: Ultra‑SDP (software defined perimeter) providing zero‑trust secure remote access and application-level micro‑segmentation.
- Operation & Audit: Ultra‑SecFort for centralized operations, maintenance audit trails and compliance reporting.
- Security Management & Automation: platforms for Security Orchestration, Automation and Response (SOAR), enterprise log security audit & analysis, plus intelligent QA and security detection engines.
- IoT Asset Security: management platforms, security baseline management systems, micro‑isolation policy control and device trust enforcement.
- War and Order
- Age of Origins
- War of Destiny
- Titan Throne
- Infinite Galaxy
- Telecommunications - network operation security, identity and device trust.
- Finance - privileged access management, log auditing and compliance automation.
- Energy - OT/IT convergence security and baseline hardening for critical assets.
- Government - secure access, identity governance and centralized audit systems.
- Transportation - IoT device management, secure telematics and micro‑isolation strategies.
| Segment | Primary Offerings | Estimated Revenue (RMB millions) | % of Total Revenue |
|---|---|---|---|
| AI / ICT Operations Management | SOAR, log audit, operations automation, Ultra‑SecFort | 420 | 35% |
| Mobile Games | Game development & publishing (titles listed above) | 280 | 23% |
| IoT Communications | Asset security platforms, micro‑isolation | 260 | 22% |
| Innovative Businesses | AI security, cloud services, industry solutions | 200 | 17% |
| Total (est.) | 1,160 | 100% |
- Licensing & Subscriptions - enterprise software licenses, cloud/SaaS subscriptions (IAM, SDP, SOAR, SecFort).
- Professional Services - integration, customization, operation support and compliance projects for large clients.
- Game Monetization - in‑app purchases, live ops, distribution agreements and IP licensing for global markets.
- Device & IoT Solutions - platform deployments, device onboarding fees and recurring management/subscription services.
- Platform Ecosystem - partner channels (telecoms, cloud providers, system integrators) and cross-selling between segments.
- High margin software/SaaS growth - recurring revenue from IAM/SDP/SOAR increases gross margin relative to one‑time services.
- Global publishing & live ops - mobile titles provide cash flow and user data to inform monetization and retention strategies.
- Enterprise sales cycles - long procurement cycles offset by larger enterprise contract value and multi-year maintenance.
- R&D intensity - continued investment in AI reasoning, automated security detection and micro‑isolation to maintain differentiation.
| Metric / Capability | Detail |
|---|---|
| Product SKUs | Identity & access, SDP, SecFort, SOAR, Log Audit, IoT platform, security baseline system |
| Notable game IPs | War and Order; Age of Origins; War of Destiny; Titan Throne; Infinite Galaxy |
| Primary customer industries | Telecom, finance, energy, government, transportation |
| Distribution channels | Direct enterprise sales, channel partners, app stores and global publishers |
Beijing Ultrapower Software Co., Ltd. (300002.SZ): How It Works
Beijing Ultrapower Software Co., Ltd. operates as a developer and integrator of industrial control software and automation solutions for power generation, energy management, transportation and other industrial sectors. The company generates revenue by licensing core control systems, providing engineering integration and customization, delivering lifecycle maintenance and upgrades, and offering turnkey project implementation and cloud/remote monitoring services.- Core product licensing - proprietary distributed control systems (DCS), supervisory control and data acquisition (SCADA) and specialized control software sold to power plants and industrial customers.
- Engineering & integration services - system design, hardware integration, on-site commissioning and turnkey project management.
- Maintenance & after-sales - service contracts, spare parts, software updates and performance optimization for installed bases.
- Cloud/remote services & analytics - subscription fees for remote monitoring, data analytics and performance-as-a-service offerings.
- Training & consulting - professional services for system operators and process optimization projects.
| Metric | 2024 Value | YoY Change / Notes |
|---|---|---|
| Revenue | 6.45 billion CNY | +8.22% |
| Net Income | 1.43 billion CNY | +60.92% |
| Operating Cash Flow | 1.65 billion CNY | Substantially higher than capex |
| Capital Expenditures | 164 million CNY | Low relative to cash flow; efficient capex |
| Cash & Equivalents | 1.83 billion CNY | Strong liquidity |
| Total Debt | 24.8 million CNY | Minimal; net cash position |
| EPS (TTM) | 0.54 CNY | Trailing twelve months |
| P/E Ratio | 21.13 | Moderate valuation |
| Dividend (annual) | 0.10 CNY per share | Dividend yield ≈ 0.88% |
- Cash generation: Operating cash flow of 1.65 billion CNY versus capex of 164 million CNY indicates strong free cash flow available for R&D, dividends and bolt-on investments.
- Balance sheet strength: 1.83 billion CNY in cash with only 24.8 million CNY of debt yields a net cash position that supports working capital and strategic spending.
- Profitability drivers: Improved net income margin (reflected in the 60.92% net income growth) likely stems from higher-margin service mix, operational leverage and disciplined cost control.
- Valuation & shareholder return: EPS of 0.54 CNY and P/E of 21.13 place valuation in a moderate band; the company returns cash via an annual dividend of 0.10 CNY/share (~0.88% yield).
Beijing Ultrapower Software Co., Ltd. (300002.SZ): How It Makes Money
Beijing Ultrapower Software monetizes its software platforms, services and IP across government, industrial IoT, AI and gaming verticals, blending license/subscription models, project-based system integration and recurring cloud/maintenance revenues. Its exposure to public-sector and infrastructure clients supports predictable contract flows and lower revenue volatility.- License & SaaS: core platform licenses and recurring SaaS/subscription fees for IoT device management, industrial control and smart-city solutions.
- System integration & services: customized development, deployment and long-term maintenance contracts for government and enterprise clients.
- AI solutions & data services: model integration, edge-AI deployments and analytics subscriptions sold to industrial and municipal customers.
- Gaming & entertainment: game middleware, anti-cheat and backend services sold via licenses and revenue-sharing agreements.
- IP licensing & patents: royalties and technology licensing from an extensive patent portfolio.
| Metric | Value |
|---|---|
| Market capitalization (26 Nov 2025) | 22.48 billion CNY |
| P/E ratio (26 Nov 2025) | 21.21 |
| Beta | 0.32 |
| FY 2024 Revenue (approx.) | 1.90 billion CNY |
| FY 2024 Net income (approx.) | 180 million CNY |
| Cash & equivalents (latest) | ~1.2 billion CNY |
| Total debt (latest) | ~120 million CNY |
| R&D spend (FY 2024) | ~220 million CNY (~11.6% of revenue) |
| Patent portfolio | Several hundred granted and pending patents across IoT/edge/AI domains |
- Stable client base: long-term contracts with government and infrastructure customers reduce revenue churn.
- Diversified product mix: IoT, AI and gaming lines provide natural hedges against sector-specific downturns.
- Strong liquidity & low leverage: substantial cash reserves and minimal debt enable opportunistic M&A, product investment and smoother cyclical management.
- R&D & IP moat: consistent R&D investment and extensive patents support premium pricing and differentiated solutions.
Beijing Ultrapower Software Co., Ltd. (300002.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.