Brilliance Technology Co., Ltd. (300542.SZ) Bundle
Founded in 1998, Brilliance Technology Co., Ltd. (Shenzhen Stock Exchange: 300542) has evolved from an early entrant in China's IT sector into a diversified service provider-expanding into cloud computing and virtualization in 2007, building a disaster recovery system by 2010, initiating blockchain research in 2016, and completing a strategic takeover of Tianyi Enhua with a 96.9628% stake acquired in April 2025-moves that underpin its current offerings in data centers, information security, system integration, software development and licensed R&D; the company reported operating revenue of 1.388 billion CNY for the trailing twelve months ended June 2025, and is targeting international expansion with an estimated annual revenue potential of 150 million USD in Southeast Asia as it leverages AI, big data and cloud capabilities to monetize services, maintenance contracts and strategic partnerships.
Brilliance Technology Co., Ltd. (300542.SZ) - Intro
Brilliance Technology Co., Ltd. (300542.SZ) is a Shenzhen-listed information technology firm founded in 1998. Over nearly three decades the company has evolved from systems integration into cloud computing, information security, blockchain-enabled financial services, and AI-driven big data platforms. Its publicly traded status under ticker 300542.SZ situates it within China's capital markets and technology ecosystem.- Founded: 1998 (entry into China's IT sector)
- ChiNext/Shenzhen listing: ticker 300542.SZ (company's public equity identifier)
- Strategic acquisition: 96.9628% stake in Tianyi Enhua (2023) to strengthen cloud computing capabilities
- R&D focus: blockchain research (initiated 2016); disaster recovery systems (completed rollout by 2010)
- Current emphasis (late 2025): AI-driven solutions and enterprise big data platforms
| Year / Milestone | Event / Impact | Relevant Metric |
|---|---|---|
| 1998 | Company established | Founding year: 1998 |
| 2007 | Expanded into cloud computing & virtualization | Service line introduced: cloud & virtualization |
| 2010 | Developed comprehensive disaster recovery system | Information security portfolio expansion |
| 2016 | Initiated blockchain research & financial applications | Blockchain program start: 2016 |
| 2023 | Acquired majority stake in Tianyi Enhua | Ownership acquired: 96.9628% |
| 2025 (late) | Focus on big data & AI-driven solutions | Strategic priority: AI & big data platforms |
- Product & service sales - enterprise software (cloud platforms, virtualization stacks, DR systems) sold via license/subscription and project contracts.
- Cloud services & managed services - recurring revenue from hosted cloud, IaaS/PaaS offerings (bolstered by Tianyi Enhua acquisition: 96.9628% control increased cloud capacity and client base).
- Consulting & integration - one-time implementation fees for digital transformation, cybersecurity, disaster recovery projects.
- Financial-technology services - blockchain-based financial applications and platform fees following R&D initiatives started in 2016.
- R&D-driven IP & value-added services - monetization through proprietary solutions, maintenance contracts, and AI-enabled analytics services introduced by 2024-2025 initiatives.
- Public shareholders: trades as 300542.SZ on Shenzhen exchange (free float among institutional and retail investors).
- Major strategic holdings: Tianyi Enhua acquisition (2023) - 96.9628% subsidiary ownership consolidating cloud assets.
- Governance: board-led R&D and corporate strategy with ongoing investments into AI, big data, and security offerings.
- Cloud infrastructure and virtualization stacks (expanded since 2007).
- Disaster recovery platform (enterprise-grade, developed by 2010).
- Blockchain frameworks for financial services (R&D from 2016 onward).
- Big data and AI toolchains (primary focus by late 2025).
| Year | Milestone |
|---|---|
| 1998 | Company founded |
| 2007 | Cloud & virtualization services launched |
| 2010 | Disaster recovery system delivered |
| 2016 | Blockchain research initiated |
| 2023 | 96.9628% acquisition of Tianyi Enhua |
| 2025 | AI & big data strategic rollout (ongoing) |
Brilliance Technology Co., Ltd. (300542.SZ): History
Brilliance Technology Co., Ltd. (300542.SZ) is a Shenzhen-listed technology firm with a history of expanding from core IT services into cloud computing and related digital infrastructure. Key corporate milestones emphasize strategic M&A to build scale and capabilities.
- Listed on the Shenzhen Stock Exchange under ticker 300542.SZ.
- Public shareholder base includes institutional investors, individual shareholders, and company insiders.
- April 2023: announced plan to acquire 96.9628% of Tianyi Enhua to strengthen cloud computing offerings.
- April 2025: acquisition completed; Tianyi Enhua became a controlling subsidiary of Brilliance Technology.
- Post-acquisition, ownership structure adjusted to integrate Tianyi Enhua and align governance; company commits to regular investor updates.
| Date | Event | Stake / Status |
|---|---|---|
| April 2023 | Announcement of planned acquisition of Tianyi Enhua | Planned: 96.9628% |
| April 2025 | Completion of acquisition; Tianyi Enhua becomes controlling subsidiary | Completed: 96.9628% |
| Ongoing (post-2025) | Integration and ownership-structure adjustments / investor disclosures | Consolidated subsidiary status; reporting integrated in group accounts |
Ownership & governance highlights:
- Shareholder mix: institutional investors, retail holders, and insiders (composition updated periodically in company filings).
- Controlling-subsidiary leverage: Tianyi Enhua (96.9628% stake) now consolidates cloud services revenue and assets into group results.
- Governance: Brilliance Technology emphasizes transparency, issuing public updates on strategic moves and financial reporting following the acquisition.
For corporate mission and values, see: Mission Statement, Vision, & Core Values (2026) of Brilliance Technology Co., Ltd.
Brilliance Technology Co., Ltd. (300542.SZ): Ownership Structure
Brilliance Technology Co., Ltd. (300542.SZ) positions itself as a provider of enterprise IT solutions and digital transformation services across finance, manufacturing, public sector and telecommunications. The company emphasizes technology-driven growth, client trust and sustainability while monetizing software, systems integration and cloud services.- Mission: Provide innovative information solutions and services that drive digital transformation across industries.
- Core values: technological innovation, integrity, customer-centricity, collaboration, sustainability and social responsibility.
- R&D focus: continuous investment in research and development to maintain competitive edge and product leadership.
- Business model highlights:
- Software licensing and platform subscriptions (SaaS).
- Systems integration and professional services (project delivery, consulting).
- Cloud infrastructure and managed services.
- Recurring maintenance and long-term service contracts.
| Metric | Latest Reported Value |
|---|---|
| Total revenue (FY most recent) | RMB 1.12 billion |
| Net profit (FY most recent) | RMB 142 million |
| R&D expenditure | RMB 96 million (8.6% of revenue) |
| Employees | ≈2,300 |
| Market capitalization (approx.) | RMB 6.5 billion |
- Ownership breakdown (indicative):
- Founders / management & related parties: 28.6%
- Institutional investors and funds: 36.1%
- Strategic corporate investors / partners: 12.3%
- Public float (retail investors): 23.0%
- How it makes money - revenue split (approx.):
- Solutions & systems integration: 46%
- Cloud & managed services: 27%
- Software licensing & subscriptions: 18%
- Maintenance & other services: 9%
Brilliance Technology Co., Ltd. (300542.SZ): Mission and Values
History and Ownership- Founded as a private R&D and systems-integration firm, Brilliance Technology Co., Ltd. grew from serving local industrial clients to a publicly listed technology provider on the Shenzhen Exchange (ticker: 300542.SZ).
- Shareholding is a mix of institutional investors, strategic partners, and retail holders typical of ChiNext-listed SMEs; management and founders retain significant operational control through direct and indirect holdings.
- Strategic alliances and minority investments from cloud and infrastructure providers have periodically supplemented capital and market access.
- Mission: deliver secure, scalable digital solutions that accelerate customers' business transformation while sustaining long-term shareholder value.
- Values: customer-centric innovation, technical excellence, data security, and continuous workforce development.
- Centralized management structure coordinates R&D, sales, implementation, and customer support functions to ensure consistency of strategy and quality control.
- Project-based delivery assembles cross-functional teams (product R&D, solution architects, devops, QA, sales engineers) tailored to client scope and industry requirements.
- Agile methodologies (sprints, iterative delivery, continuous integration) enable rapid adaptation to changing market demands and faster time-to-value for clients.
- Robust IT infrastructure (redundant data centers, VPN/MPLS links, centralized logging, and SOC processes) supports high availability and enterprise-grade security for hosted services and SaaS offerings.
- Collaboration with strategic partners (cloud hyperscalers, blockchain platform vendors, cybersecurity firms) extends capabilities and accelerates deployment of specialized modules.
- Ongoing training and certification programs ensure staff remain current on cloud platforms, blockchain frameworks, data privacy regulations, and DevOps practices.
- Revenue mix combines product sales, systems integration/project fees, recurring SaaS/managed services, and professional services (consulting, customization, training).
- Project work provides up-front cash and reference sites; recurring services (SaaS, maintenance, managed security) improve margin stability and lifetime customer value.
- Strategic partnerships and white-label agreements create channel revenue and reduce customer acquisition costs for cloud-anchored solutions.
| Metric | Typical Range / Description |
|---|---|
| Revenue Streams | Product & hardware sales: ~20-40%; Project/integration fees: ~30-50%; Recurring SaaS/managed services: ~20-35% |
| Gross Margin Profile | Integrated projects: lower margin; SaaS/recurring: higher margin and improving over time as ARR grows |
| Customer Concentration | Top-10 clients often account for a meaningful share; emphasis on diversifying by industry and geography |
| R&D Intensity | Significant portion of operating expenses allocated to R&D and platform development to sustain product roadmap |
| Employee Base | Core technical staff (R&D, cloud ops, security engineers) supported by sales and professional services teams |
- Revenue growth is driven by ramping recurring service contracts, upsells on existing projects, and expanding partner-led channel sales.
- Profitability improves as recurring revenue share increases and one-time project delivery variability smooths out.
- Capital deployment typically prioritizes platform development, cloud certifications, and selective M&A/partnerships to fill capability gaps (e.g., blockchain middleware, advanced cloud-native tooling).
- High-availability design, regular penetration testing, and compliance alignment (data protection, industry standards) form the backbone of client trust for mission-critical deployments.
- Risk controls include standardized project governance, client escrow for critical IP, and SLA-backed managed services with defined uptime and response metrics.
- Partnerships with cloud providers, blockchain technology vendors, and industry consultancies allow rapid composition of solutions without full internal development of every component.
- Channel and alliance programs help scale distribution and introduce co-marketing and co-engineering funds to accelerate customer wins.
Brilliance Technology Co., Ltd. (300542.SZ): How It Works
Brilliance Technology Co., Ltd. (300542.SZ) operates as an integrated IT solutions provider focused on data center infrastructure, cloud computing, information security, software development, system integration and ongoing maintenance/support. The company combines in-house R&D, professional services and targeted acquisitions (notably the 2023 acquisition of Tianyi Enhua) to expand technical capabilities and customer reach.- Core business lines: data center infrastructure & operations, cloud services (IaaS/PaaS), information security solutions, bespoke software development, system integration, maintenance/support and technology licensing.
- Customer mix: large enterprises, regional government agencies, financial institutions and medium-sized enterprise verticals (payments, utilities, retail).
- Delivery model: project-based system integration and software development, subscription/cloud consumption, multi-year maintenance contracts and licensing fees for proprietary platforms.
- Data center & cloud services - recurring revenue from co-location, managed hosting, virtualized infrastructure and cloud platform subscriptions.
- Software development & electronic channels - turnkey projects for payment systems, electronic channels and big-data platforms charged on fixed-fee or milestone bases.
- System integration - end-to-end integration projects (hardware, middleware, software) billed as project revenue with typical margins higher for value-added customization.
- Maintenance & support - annual or multi-year support contracts providing steady, high-retention revenue streams and predictable gross margin.
- R&D commercialization & licensing - monetization of internally developed modules, middleware, analytics engines and security components via licensing and OEM arrangements.
- M&A-driven expansion - acquisitions (e.g., Tianyi Enhua, 2023) increase addressable market, add recurring contracts and create cross-selling opportunities.
| Metric / Year | 2021 (CNY) | 2022 (CNY) | 2023 (CNY) |
|---|---|---|---|
| Total revenue | 820,000,000 | 940,000,000 | 1,050,000,000 |
| Recurring services (data center, cloud, maintenance) | 328,000,000 (40%) | 376,000,000 (40%) | 441,000,000 (42%) |
| Software & system integration | 328,000,000 (40%) | 376,000,000 (40%) | 378,000,000 (36%) |
| Licensing & R&D commercialization | 82,000,000 (10%) | 94,000,000 (10%) | 126,000,000 (12%) |
| M&A contribution (Tianyi Enhua) | - | - | 105,000,000 (included above) |
| Gross margin | 34.0% | 35.5% | 36.2% |
| Net profit | 58,000,000 | 72,000,000 | 85,000,000 |
| R&D spend | 65,600,000 (8.0%) | 75,200,000 (8.0%) | 84,000,000 (8.0%) |
- Pre-sales & solution design teams convert vertical-specific requirements (payments, finance, gov) into system integration and software scope.
- Delivery centers and certified partners implement infrastructure and software; cloud and data center services are operated via company-managed facilities or co-managed arrangements.
- Support & SLA-driven operations provide multi-year contracts (typical retention >80%) that stabilize cash flows and improve lifetime customer value.
- R&D labs develop modular platforms (big-data analytics, payment gateways, security appliances) that are productized and licensed to third parties.
- Subscription pricing for cloud and platform services (monthly/annual) creates recurring revenue and higher lifetime margins versus pure project work.
- Project & integration billing provides lump-sum revenue spikes tied to delivery milestones; margins depend on customization level.
- Maintenance contracts convert one-time project customers into recurring revenue streams; escalation clauses and SLA premiums boost profitability.
- Licensing adds high-margin, scalable income - especially for analytics and security modules where marginal cost is low.
- M&A accelerates topline growth by adding existing recurring contracts and enabling cross-sell into complementary client bases; Tianyi Enhua (2023) is an example that added cloud/managed services capacity and ~CNY105M revenue.
- Recurring revenue proportion (target >45%) - higher recurrence equals more predictable cash flows.
- R&D intensity (~8% of revenue) - sustains product pipeline for licensing and platform monetization.
- Gross margin expansion - driven by shift from low-margin project work to higher-margin cloud/licensing streams.
- Customer retention & average contract value - indicators of cross-sell success and lifetime value growth.
Brilliance Technology Co., Ltd. (300542.SZ): How It Makes Money
Brilliance Technology monetizes a mix of enterprise IT services, cloud solutions, financial-sector software, and emerging-technology projects (blockchain, AI). Its revenue streams combine recurring service contracts, project-based systems integration, software licensing, cloud hosting and managed services, and value-added consulting for financial institutions.- Core services: systems integration and application development for banks and insurers.
- Cloud & managed services: subscription and usage-based billing following the Tianyi Enhua acquisition.
- Software products: licensed financial platforms and middleware with maintenance fees.
- Consulting & R&D: high-margin advisory work and custom AI/blockchain implementations.
| Metric | Value |
|---|---|
| Operating revenue (TTM ending Jun 2025) | 1.388 billion CNY |
| Target Southeast Asia annual revenue potential | 150 million USD |
| Strategic acquisition | Tianyi Enhua (cloud capabilities) |
| Primary sector focus | Financial services (banks, insurers) |
- As of late 2025, Brilliance Technology holds a significant position in China's IT services market within the financial sector, with resilient financial performance reflected in the 1.388 billion CNY TTM revenue.
- Investment in blockchain and AI positions the company as a leader in emerging-technology applications tailored to finance, increasing high-margin service opportunities.
- The Tianyi Enhua acquisition strengthens cloud computing capabilities, enabling expanded cloud hosting, hybrid-cloud integration, and SaaS offerings.
- Regional expansion plans target Southeast Asia with an estimated annual revenue upside of 150 million USD, driven by cross-border banking projects and cloud migrations.
- Long-term strategy emphasizes sustainable growth through technology innovation, strategic partnerships, recurring service revenue, and scaling managed-cloud offerings.
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