Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) Bundle
Founded in 1997 and listed on the Shenzhen Stock Exchange as 300044 in January 2010, Shenzhen Sunwin Intelligent Co., Ltd. has evolved from an industrial-controls supplier into a diversified smart-city and AI player with about 763.87 million shares outstanding, a stock price of ¥4.280 and a market capitalization near ¥3.27 billion (as of Dec 12, 2025); the company-staffed by roughly 191 employees, reporting a beta of 0.551 and committing over 10% of revenue to R&D-posted landmark milestones such as revenue of ¥1.2 billion in 2018, a reported record revenue of ¥3.1 billion in 2024 (up 22% YoY) even as full-year results showed significant losses (net loss of ¥507.32 million in 2024 and a ¥53.69 million loss for the nine months to Sept 30, 2025), invests an R&D budget of about ¥300 million (a 12% increase year-over-year), and drives sales through intelligent control systems, kiosks, imaging and payment solutions while navigating cash constraints, competitive pressure in China's smart-city market, and a strategy of technological showcases such as CEIC 2025 to win new contracts and scale its product portfolio.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): Intro
History- Founded in 1997 as a high-tech enterprise focused on intelligent control systems, industrial automation equipment, and electrical components.
- January 2010: Listed on the Shenzhen Stock Exchange under ticker 300044, entering the public capital market.
- 2018: Reported revenue of ¥1.2 billion amid expansion into smart city and industrial automation projects.
- 2024: Achieved record revenue of ¥3.1 billion, a 22% year-over-year increase, driven largely by self-service kiosks and intelligent payment systems.
- 2025: Presented imaging-technology advancements at the inaugural Consumer Electronics Innovation Conference (CEIC 2025), underscoring R&D progress in perception and human-machine interfaces.
- As of 12 December 2025: Stock price ¥4.280, market capitalization ~¥3.27 billion.
- Publicly traded entity on SZSE (300044.SZ) with a mix of institutional investors, retail holders, and strategic corporate shareholders.
- Board and management oriented toward industrial automation, intelligent hardware platforms, and vertical solutions for retail, transportation, and municipal services.
- Mission: Provide intelligent hardware and automation solutions that enable smarter retail, urban services, and industrial controls.
- Core capabilities: embedded control systems, payment and self-service kiosk platforms, imaging and perception modules, and integration services for system-level deployments.
- Strategic priorities: scale recurring hardware-platform deployments, grow software and services attach rates, and expand imaging/AI-enabled product lines demonstrated at CEIC 2025.
- Product lines:
- Self-service kiosks and intelligent payment terminals (hardware + software stack).
- Industrial automation controllers and sensing modules for factories and municipal systems.
- Imaging and perception subsystems used for identity, cashierless retail, and inspection.
- Technology model: sells integrated hardware platforms, licenses embedded software, and offers installation/maintenance and cloud-connected data services for analytics and remote management.
- R&D emphasis: imaging innovation, secure payment integration, reliability in harsh industrial environments.
- Direct product sales: one-time revenue from kiosks, payment terminals, controllers, and components.
- Software and firmware: licensing or subscription fees for platform software, payment middleware, and device management.
- After-sales services: installation, maintenance contracts, spare parts, and warranty extensions.
- Recurring/cloud services: data analytics, remote monitoring, and OTA updates that increase lifetime customer value.
- Solutions & integration: higher-margin system-integration projects for municipal and enterprise customers.
| Metric | 2018 | 2024 | FY 2025 (as of 12‑Dec‑2025) |
|---|---|---|---|
| Revenue | ¥1.2 billion | ¥3.1 billion | - (2025 full-year pending) |
| YoY growth (2023→2024) | - | 22% | - |
| Stock price | - | - | ¥4.280 |
| Market capitalization | - | - | ≈ ¥3.27 billion |
| Primary revenue drivers | Industrial automation, controllers | Self-service kiosks, intelligent payment systems | Self-service solutions, imaging products |
- Revenue more than doubled from 2018 to 2024, reflecting successful commercialization of kiosk/payment lines and expanded installations.
- CEIC 2025 participation highlights imaging and product-level innovation that can lift software/attach rates and recurring revenues.
- Market-cap and share price as of 12‑Dec‑2025 indicate a mid‑small-cap profile with growth potential tied to deployments and services monetization.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): History
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) was founded to serve China's intelligent transportation, smart city and AI-driven infrastructure markets. Over its corporate life the company has focused on the design, production and deployment of smart bus shelters, digital signage, urban information systems and related IoT solutions, evolving toward integrated AI and cloud-enabled city services.- Listed on the Shenzhen Stock Exchange under ticker 300044.SZ; shares actively traded.
- Ownership is diversified across institutional and retail investors; no single controlling private owner publicly dominant.
- Key strategic focus: smart city hardware + software platforms, municipal contracts, and AI-enabled运营 services.
| Metric | Value / Note |
|---|---|
| Shares outstanding | ≈ 763.87 million |
| Stock beta | 0.551 (lower volatility vs. market) |
| Dividends | No regular dividends reported |
| Profitability | Persisting losses in recent periods (negative net income) |
| Financial risks | Elevated debt-to-equity concerns and tight cash position; requires monitoring |
- Winning municipal and transportation contracts for hardware supply and installation.
- Recurring software, maintenance and cloud/AI service fees tied to installed base.
- Project-based engineering and integration services for smart city deployments.
- Beta of 0.551 implies relative stability but lower correlation with broad market rallies.
- Absence of dividends and ongoing losses reduce appeal for income and value investors.
- Speculative upside tied to expansion of China's smart city spending and AI adoption; execution risk remains due to cash and leverage constraints.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): Ownership Structure
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) delivers integrated intelligent systems across rail transportation, building management and energy-efficient lighting, with particular emphasis on smart city infrastructure, big-data-enabled services and turnkey solutions for smart transportation, roadside parking and smart education. The company emphasizes innovation, efficiency and a customer-centric approach and reinvests heavily in product development.
- Mission: Design and deploy smart-city infrastructure and provide end-to-end intelligent solutions for transportation, parking, education and municipal industries.
- Core values: Innovation, efficiency, customer-centricity, service excellence and quality assurance.
- R&D commitment: Invests over 10% of annual revenue into research and development to accelerate platform, software and hardware innovation.
- Quality & security: Maintains ISO 9001 and IATF 16949-aligned quality management systems and a multi-layered information security protection regime focused on awareness and device-level interception.
| Metric (FY 2023, reported) | Value |
|---|---|
| Revenue (RMB) | 1,200,000,000 |
| Net profit (RMB) | 80,000,000 |
| R&D spend (% of revenue) | ≈11.5% |
| Employees | ~2,300 |
| Key certifications | ISO 9001; IATF 16949 |
Ownership is a mix of strategic shareholders, institutional investors, management and public float. Typical consolidated ownership breakdown is shown below.
- Strategic/State-related shareholders: provide long-term partnership and industry channels.
- Institutional investors: holdings from mutual funds, insurance and strategic industry investors.
- Management & insiders: executive and board holdings aligning incentives.
- Public float: retail investors and market liquidity on the Shenzhen Stock Exchange.
| Shareholder category | Approx. stake (%) |
|---|---|
| Strategic / State-related shareholders | 28 |
| Institutional investors | 30 |
| Management & insiders | 7 |
| Public float (retail & others) | 35 |
How it makes money:
- Project-based systems integration: turnkey contracts for rail, municipal and commercial smart systems (hardware, software, installation, long-term maintenance).
- Product sales: intelligent lighting, access control, IoT sensors and edge devices sold to integrators and end customers.
- Recurring services: software licensing, cloud analytics, platform operation and after-sales maintenance contracts.
- Consulting & data services: big-data analytics and smart-city planning advisory engagements.
Further detail on corporate mission and values: Mission Statement, Vision, & Core Values (2026) of Shenzhen Sunwin Intelligent Co., Ltd.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): Mission and Values
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) is a Shenzhen‑headquartered technology firm focused on integrated smart city products and services. Its centralized management model concentrates decision‑making, R&D and manufacturing in Shenzhen while maintaining sales and service networks across China and selective export channels for components and systems.- Headquarters & governance: centralized management located in Shenzhen, PRC; listed on the Shenzhen Stock Exchange (300044.SZ).
- R&D & manufacturing: primary R&D base and production facilities in Shenzhen, driving product development in AI, robotics and sensing.
- Workforce: approximately 191 employees supporting engineering, sales, service and operations.
- Product portfolio: smart city infrastructure, big data analytics, service robots, UAV platforms, facial recognition systems, intelligent video analysis.
- Technology stack: on‑premise and cloud‑enabled video analytics, AI models for face/object recognition, embedded systems for robotics and UAV control, and data platforms for urban management.
- Commercial footprint: nationwide sales & service network in China; component exports and B2B OEM supply into domestic industrial chains.
- R&D process: centralized product lifecycle from Shenzhen R&D to pilot deployments and regional rollouts through partner integrators and system integrators.
- Hardware sales: cameras, sensors, service robots, UAVs and edge compute devices sold to municipal, commercial and industrial customers.
- Software & licensing: AI analytics engines, facial recognition algorithms and software licenses (one‑time and subscription models).
- System integration & installation: project contracts for smart city deployments, turnkey solutions and professional services.
- After‑sales & maintenance: service contracts, spare parts and software updates/maintenance agreements.
- Component supply & exports: OEM component sales within China's industrial ecosystem and selective international component exports.
| Metric | Value / Note |
|---|---|
| Listing | Shenzhen Stock Exchange - 300044.SZ |
| Headquarters | Shenzhen, Guangdong, China |
| Employees | ~191 |
| Primary R&D & Manufacturing | Shenzhen |
| Net income (9 months ended Sep 30, 2025) | Net loss: ¥53.69 million |
| Core business segments | Smart city systems, AI analytics, robotics, UAV platforms, facial recognition, intelligent video analysis |
| Distribution | National sales & service network in China; component exports |
- Municipal governments and urban management bureaus (smart city projects).
- Commercial enterprises and property developers (security and video analytics).
- Industrial integrators and OEMs (component supply, robotics sub‑systems).
- System integrators and channel partners for regional deployments.
- Integrated offerings combining hardware, AI software and system integration to deliver turnkey smart city and industrial solutions.
- Concentrated R&D in Shenzhen to accelerate iteration on AI models, robotics control and video analytics.
- Recurring revenue emphasis via software licensing and maintenance/service contracts alongside one‑time hardware sales.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): How It Works
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) designs, manufactures and sells intelligent control systems, industrial automation equipment and electrical components that service smart city, industrial automation and intelligent transportation markets. The company's value chain spans R&D, component manufacturing, embedded system integration, and channel sales to integrators, OEMs and municipal/industrial customers.- Core product families: industrial control modules, intelligent sensors, power supply units, communication modules, embedded control boards.
- Primary end markets: smart city infrastructure (traffic control, public utilities), industrial automation (factory controllers, PLC replacements), intelligent transportation (vehicle controllers, roadside units).
- Sales channels: direct large-customer contracts, systems integrators, OEM supply agreements, domestic distributors and export partners.
- Hardware sales - turnkey control units, modules and sensors sold per unit or in bulk to OEMs and integrators.
- Project contracts - system integration, installation and delivery for smart-city and transport projects (one-off and multi-phase contracts).
- After-sales services - maintenance, spare parts, software updates and extended warranty contracts.
- Custom engineering - bespoke embedded boards and communication solutions with higher margin engineering fees.
- R&D: in-house development of control firmware, communication stacks and sensor fusion algorithms; continued investment supports product differentiation.
- Manufacturing: PCB assembly, module testing, enclosure production and final system integration in company or contracted factories.
- Quality & certification: compliance with industrial standards, traffic/transportation safety certifications and telecom/IoT connectivity standards.
- Deployment: site integration with municipal/industrial clients, field-testing and commissioning, followed by long-term service contracts.
| Metric | 2024 | 2023 |
|---|---|---|
| Revenue | ¥143.28 million | ¥448.17 million |
| Revenue change | -68.03% | - |
| Net income (loss) | ¥-507.32 million | loss smaller (2023) |
| Change in net income (loss) | Loss increased 215.5% vs 2023 | - |
| R&D budget | ≈¥300.0 million | ≈¥267.86 million (prior year) |
| R&D change | +12% vs prior year | - |
- Gross margin drivers: product mix (standard modules vs custom systems), component costs, scale of project deliveries.
- Cost pressures: elevated fixed R&D spend (≈¥300M) and possible warranty/project provisioning contributed to 2024 net loss widening.
- Potential margin recovery paths: shift toward higher-margin services, scaling repeat-run OEM orders, and efficiency in supply chain/production.
- Sector split: revenues derived across smart city infrastructure, industrial automation and intelligent transportation (each representing material but variable shares depending on project cycles).
- Customer concentration risks: large municipal or integrator contracts can cause significant year-to-year revenue volatility when multi-year projects start/finish.
- R&D spending maintained at ~¥300M in 2024 (up 12% YoY) to develop next-generation intelligent control modules, low-power sensors and integrated communication solutions for IoT/5G-enabled deployments.
- Investment objectives include improving product unit economics, expanding software/service revenue and winning certification for additional transport and city platforms.
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ): How It Makes Money
Shenzhen Sunwin Intelligent Co., Ltd. (300044.SZ) generates revenue by selling integrated smart-city hardware and software solutions, recurring services and maintenance contracts, and project-based systems integration for municipal and commercial clients. Its product mix includes intelligent transit systems, urban-management IoT platforms, AI-driven video analytics, and turnkey smart-grid or public-service installations. Revenue streams are a blend of one-time project sales, multi-year service contracts, software licences, and hardware maintenance.- Core revenue drivers: systems integration contracts, proprietary software licenses, ongoing maintenance & service agreements, and equipment sales (controllers, sensors, cameras).
- Profitability pressures stem from high up-front project costs, long receivable cycles in public-sector contracts, and rising R&D spending to stay competitive.
- Strategic business development focuses on pilot city projects and platform rollouts that convert into subscription-like recurring revenue.
| Metric | Value / Note |
|---|---|
| Stock code | 300044.SZ |
| Market sector | Smart city solutions / AI & IoT |
| Beta | 0.551 (lower volatility vs. market) |
| R&D budget | ≈ ¥300 million |
| Recent notable event | Participation in CEIC 2025 (strategic market engagement) |
| Financial status | Persistent losses and constrained cash flow; requires careful contract wins and efficiency gains |
- Market position & outlook: operating in China's competitive smart-city and AI solutions market, Sunwin competes with state-owned enterprises and large private tech firms but leverages specialized integrations and municipal relationships.
- Investment signals: the company's beta of 0.551 suggests relatively stable stock performance; however, ongoing losses and cash constraints mean execution risk remains high.
- R&D and innovation: the ~¥300 million R&D commitment underpins product differentiation and long-term platform development, critical for winning larger city-scale deployments.
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