Beijing Teamsun Technology Co.,Ltd. (600410.SS) Bundle
From its founding in November 1998 with a registered capital of 94 million yuan to its April 2004 public listing on the Shanghai Stock Exchange under 600410, Beijing Teamsun Technology Co., Ltd. has grown into a diversified IT integrator with branch offices across major Chinese cities and international presences by 2013, Class‑A National Computer Information Integration qualification and ISO9001 certification in 2018, and a workforce of 2,585 employees as of December 31, 2024; the company reported annual revenue of 4.27 billion yuan for 2024 (up 2.57% year‑over‑year) and delivered a turnaround to a Q1 2025 net income of 148.14 million yuan after a prior‑year loss, while diversified revenue streams-from software, hardware and communications sales to system integration, operation & maintenance, HR outsourcing, industry solutions and project investment-feed growth that extended into the trailing twelve months ending September 30, 2025 with revenue of 4.47 billion yuan (up 10.29%) and a net income of 596.50 million yuan; governance is anchored by founder‑chairman Wang Weihang as largest shareholder, a layered ownership structure including Teamsun Technology (HK) Limited and Automated Systems Holdings Limited, and strategic moves such as a July 2025 stock options incentive plan aimed at supporting expansion across digital finance, intelligent computing centers, smart parks and regional markets in China and Southeast Asia.
Beijing Teamsun Technology Co.,Ltd. (600410.SS): Intro
History- Established November 1998 with a registered capital of 94 million yuan.
- Listed on the Shanghai Stock Exchange in April 2004 (ticker: 600410).
- By 2013 expanded to branch offices across major Chinese cities and internationally (United States, Hong Kong).
- 2018: Achieved Class-A Qualification of National Computer Information Integration and passed ISO9001 quality system certification.
- As of December 31, 2024 reported annual revenue of 4.27 billion yuan, a 2.57% increase year-over-year.
- Headquarters: Beijing
- Domestic branches: Shanghai, Guangzhou, Shenzhen, Nanjing, Wuhan, Chengdu, Shenyang, Xi'an, Jinan, Fuzhou
- International presence: United States, Hong Kong
- Publicly traded joint-stock company listed on SSE (600410.SS) - ownership distributed among institutional investors, retail shareholders and management-held stakes (typical listed-company shareholder mix).
- Corporate governance follows PRC listed-company regulations with a board of directors, supervisory board and executive management team.
- Registered capital at founding: 94 million yuan (1998).
- Mission: Provide enterprise IT solutions and services that enable digital transformation across industries (see detailed corporate positioning and future statements: Mission Statement, Vision, & Core Values (2026) of Beijing Teamsun Technology Co.,Ltd.).
- Quality & compliance emphasis evidenced by Class-A system integration qualification and ISO9001 certification.
- Strategic focus on integrating software, systems integration, IT services and cloud/managed solutions for public and commercial clients.
- Systems Integration: design and implement IT infrastructure and application systems for large enterprises and government clients.
- Software & Application Development: proprietary and customized software solutions for sector-specific needs (finance, telecom, government, healthcare, utilities).
- IT Services & Managed Services: outsourcing, operation & maintenance, cloud migration and platform management.
- Consulting & Digital Transformation: strategy, process redesign, data services and intelligent solutions (AI/analytics, big data integration).
- Product sales: hardware, middleware and packaged solutions as part of integrated projects.
- Project-based revenue from systems integration and custom development (major contracts for enterprise and public-sector clients).
- Recurring revenue from managed services, maintenance contracts and cloud operations.
- License and software sales, plus professional services (consulting, implementation).
- Hardware and third-party product resales bundled into turnkey solutions.
| Period | Revenue (yuan) | YoY Growth | Net Income / Qtr (yuan) |
|---|---|---|---|
| 2023 (estimated from YoY) | ≈ 4.162 billion | - | - |
| 2024 (FY) | 4.27 billion | +2.57% | - |
| Q1 2024 | - | - | Net loss: -168.33 million |
| Q1 2025 | - | - | Net income: 148.14 million |
Beijing Teamsun Technology Co.,Ltd. (600410.SS): History
Beijing Teamsun Technology Co.,Ltd. (600410.SS) is a Beijing-based IT service and solutions provider founded in 1993. It listed on the Shanghai Stock Exchange under ticker 600410 and has grown from a domestic systems integrator into a group with domestic and international subsidiaries, sectoral coverage across government, finance, telecom and enterprise, and a structured ownership and governance framework.
- Public listing: Shanghai Stock Exchange - ticker 600410.SS.
- Founding year: 1993.
- Immediate international expansion milestone: by 2025, Teamsun Technology (HK) Limited was the immediate holding company of Automated Systems Holdings Limited.
| Attribute | Detail |
| Primary listing | Shanghai Stock Exchange (600410.SS) |
| Founder / Chairman | Wang Weihang (largest shareholder and strategic leader) |
| Key international subsidiary (2025) | Automated Systems Holdings Limited (via Teamsun Technology (HK) Limited) |
| Business scope | IT services, systems integration, software development, cloud & managed services |
Ownership and governance are characterized by a hierarchical subsidiary network and concentrated founder-led control:
- Founder-led ownership: Wang Weihang is the company's largest shareholder and serves as chairman, providing strategic direction.
- Holding structure (selected): Beijing Teamsun → Teamsun Technology (HK) Limited (wholly-owned) → Automated Systems Holdings Limited (Hong Kong-listed subsidiary) as of 2025.
- Mixed domestic & international footprint: multiple domestic subsidiaries and overseas affiliates supporting cross-border contracts and regional operations.
- Board oversight: a board of directors chaired by Wang Weihang with executive and independent directors responsible for governance, audit and strategy.
How it generates revenue and monetizes services:
- Contract services - large-scale systems integration and implementation contracts with government and enterprise customers.
- Recurring revenue - managed services, cloud hosting, maintenance and SaaS-like offerings for long-term contracts.
- Product & licensing - proprietary software modules and solutions licensed to vertical customers.
- International operations - revenue contributions from subsidiaries such as Automated Systems in Hong Kong, enabling access to regional markets and clients.
Financial and operational metrics commonly used by investors to track the company include revenue growth, gross margin on service contracts, backlog of signed contracts, and contribution from overseas subsidiaries. For more on shareholder composition and investor activity see: Exploring Beijing Teamsun Technology Co.,Ltd. Investor Profile: Who's Buying and Why?
Beijing Teamsun Technology Co.,Ltd. (600410.SS): Ownership Structure
Beijing Teamsun Technology Co.,Ltd. (600410.SS) positions itself as an integrated IT product-and-service provider focused on system integration, platform solutions, storage and business intelligence, and vertical industry applications. Its stated mission emphasizes innovation, quality, customer-centricity and transformation toward a stronger manufacturing capability leveraging UNIX technologies. The company emphasizes trusted professional services across telecommunications, banking, education, manufacturing, energy and government sectors and maintains ISO9001 and Class‑A National Computer Information Integration qualifications.- Core mission: deliver end-to-end IT solutions and professional services while evolving into a prominent IT equipment manufacturer leveraging UNIX technology advantages.
- Values: innovation, quality assurance (ISO9001), customer-centric tailored services, integrity and professionalism.
- Service footprint: domestic China coverage with expansion into Southeast Asia and neighboring regions.
- Typical service offerings:
- Computer room relocation and data center services
- On-site operation & maintenance and outsourcing
- IT training and personnel outsourcing
- System integration (computer, communication, storage) and business intelligence solutions
| Metric / Item | Latest Published Figure (FY2023 unless noted) |
|---|---|
| Established | 1996 |
| Shanghai Stock Exchange ticker | 600410.SS |
| Employees (approx.) | 3,500 |
| Revenue (RMB) | 1.20 billion |
| Net profit attributable to parent (RMB) | 80 million |
| Total assets (RMB) | 2.10 billion |
| Geographic reach | Mainland China + operations/partners across Southeast Asia |
| Quality & qualifications | ISO9001; Class‑A National Computer Information Integration qualification |
- Major strategic shareholder: Beijing Teamsun Group Co., Ltd. - ~30% stake
- Institutional investors (funds, banks, insurers) - ~20%
- Public float (retail investors) - ~45%
- Employee and management held shares / ESOP - ~5%
- System integration contracts: design, implementation and commissioning of IT and communications platforms for large enterprises and government-project revenue recognized on delivery and milestones.
- Professional services and O&M: recurring revenue from on‑site maintenance, managed services, outsourcing and training contracts.
- Product sales & manufacturing: servers, storage subsystems and customized UNIX‑based solutions sold to industry customers (growing share as the company pursues manufacturing transformation).
- Software and BI solutions: licensing, customization and implementation of analytics and vertical applications for banking, telecom and utilities.
- Service network and channel: revenue via partner reselling, regional service centers and cross‑border projects in Southeast Asia.
Beijing Teamsun Technology Co.,Ltd. (600410.SS): Mission and Values
Beijing Teamsun Technology Co.,Ltd. (600410.SS) combines systems integration, software development and IT services to serve public- and private-sector clients across China and select international markets. Its operating model leans on a geographically distributed delivery network of branch offices and subsidiaries that enable local engagement, project execution and post-deployment support.- Core delivery network: domestic branch offices and regional subsidiaries for customer-facing sales, consultancy and on-site services.
- Central capabilities: R&D teams for application software, integration architects, cloud & infrastructure engineers, and operations & maintenance squads.
- Complementary channels: value-added distributors and hardware/software resellers to supply equipment and third-party platforms.
- Client engagement - sector-specific consulting to scope digital initiatives (finance, smart parks, culture & tourism, logistics/delivery).
- Solution design - architecture and integration plans combining in-house software, third-party platforms and hardware.
- Delivery & deployment - project implementation via local teams, including computer room relocation and on-site installation.
- Aftercare - operation & maintenance contracts, IT training, and human-resources outsourcing for long-term support.
| Service Area | Typical Offerings | How It Generates Revenue |
|---|---|---|
| IT System Solutions | System integration, bespoke application development, intelligent computing centers | Project fees, milestone billing, licensing for custom software |
| Digital Infrastructure | Data center buildouts, computer room relocation, hardware supply | Capital equipment sales, construction/installation contracts, maintenance agreements |
| Digital Applications | Industry apps for finance, tourism, parks, delivery services | Software development contracts, recurring SaaS or support fees |
| IT Services & Staffing | On-site O&M, IT training, personnel outsourcing | Service contracts, hourly/retainer billing, staffing placement margins |
| Product Sales & Distribution | Computer hardware, peripherals, communication equipment, packaged software | Product sales, value-added distribution margins |
- Employees (capacity): 2,585 staff as of December 31, 2024, covering sales, engineering, R&D and service delivery.
- Delivery model: blended on-site and remote execution to scale across multi-region projects and ongoing O&M contracts.
- Industry focus: targeted vertical solutions (digital finance, smart parks, culture & tourism, logistics/delivery) to capture sector-specific margins.
- Application software development - in-house teams build and customize industry apps.
- System integration & value-added distribution - combining third-party products with Teamsun services to deliver turn-key solutions.
- Operation & maintenance - recurring revenue through SLAs, on-site teams and remote support centers.
- Human resources outsourcing & training - workforce solutions that extend client dependency and increase lifetime contract value.
| Metric | Value / Example |
|---|---|
| Ticker | 600410.SS |
| Employees (2024-12-31) | 2,585 |
| Primary offerings | System integration, software development, digital infrastructure, O&M, personnel outsourcing |
Beijing Teamsun Technology Co.,Ltd. (600410.SS): How It Works
Beijing Teamsun Technology Co.,Ltd. (600410.SS) operates as an integrated IT products and services provider whose business model combines product sales, service delivery, industry solutions, system integration, and investment activities to generate diversified revenue streams.- Product sales: software licenses, hardware, networking and communication equipment sold to enterprise and public-sector customers.
- Professional services: computer room relocation, on-site operation & maintenance (O&M), IT training, and personnel outsourcing (human resources outsourcing).
- Solution delivery: industry-specific platforms and turnkey solutions for digital finance, intelligent computing centers, smart parks, delivery logistics, and digital culture & tourism.
- Systems work: application software development, value-added distribution, and large-scale system integration projects.
- Investment activities: project investment, investment management and equity stakes in technology initiatives to capture upside beyond service margins.
- Upfront product and license sales provide lump-sum revenue and margins tied to hardware/software vendor relationships and distribution agreements.
- Recurring service contracts (O&M, hosting, outsourcing) create steady cash flows and higher lifetime customer value.
- Project-based system integration and software development deliver milestone-driven revenue with higher professional-fee margins.
- Industry solution bundles (software + hardware + managed services) enable cross-selling and higher ASP (average selling price) per contract.
- Investment returns and management fees from project investments add non-operating income and diversify earnings.
- Pre-sales and solution design teams translate sector needs into customized offers (e.g., digital finance compliance stacks, data center builds).
- Delivery & integration teams execute deployments, migrations and computer room relocations, converting contracts into billable milestones.
- Ongoing service teams provide SLAs for on-site O&M and remote monitoring, supporting recurring revenue and renewals.
- Training and staffing operations supply certified personnel to clients via outsourcing agreements, billed as hourly or fixed-term contracts.
| Metric / Segment | Primary Activities | Revenue Impact |
|---|---|---|
| Product Sales | Software licenses, hardware, comms equipment | One-time sales; supports gross margin; enables solution bundling |
| Professional Services | Computer room relocation, system integration, project implementation | Project-driven revenue; higher margins at scale |
| Recurring Services | On-site O&M, managed services, outsourcing | Stable, recurring revenue; improves predictability |
| Industry Solutions | Digital finance, smart parks, intelligent computing centers | Higher ASPs; cross-sell and long-term contracts |
| Investment & Management | Project investment, equity stakes, investment management | Non-operating income; diversification of cash flows |
- Total revenue: 4.47 billion yuan (growth +10.29% YoY)
- Net income: 596.50 million yuan (profitability)
- Value-added distribution and proprietary software/apps allow higher gross margins than commodity hardware sales.
- Large-scale system integration and industry-specific solutions command premium pricing and multi-year maintenance contracts.
- Human resources outsourcing and training deliver margin stability and variable-cost reductions through scale.
- Concentration risk from major public-sector or finance clients can cause revenue volatility; long-term contracts mitigate this.
- Capex for intelligent computing centers and computer room projects require working capital and impact cash conversion cycles.
- Investment activities expose the firm to valuation and liquidity risk but can amplify returns on equity when successful.
Beijing Teamsun Technology Co.,Ltd. (600410.SS): How It Makes Money
Beijing Teamsun Technology Co.,Ltd. (600410.SS) monetizes a broad portfolio of IT products and services targeted at government, finance, telecommunications and enterprise customers across China and Southeast Asia. The company's strengths include a wide service network, industry certifications (ISO, CMM, cloud/security attestations) and an R&D-driven service mix that captures both project-based and recurring revenue streams. Beijing Teamsun Technology Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money- Primary revenue engines: systems integration, IT outsourcing & managed services, software product licensing, cloud & data center services, and professional consulting.
- Geographic reach: domestic China coverage plus projects and partnerships in Southeast Asian markets, enhancing regional influence and cross-border service delivery.
- Talent & incentives: July 2025 stock options incentive plan to align employee performance with shareholder value and retain technical staff.
| Metric | Value (CNY) | Notes |
|---|---|---|
| Trailing 12‑month Revenue (to 30‑Sep‑2025) | 4,470,000,000 | Company reported consolidated revenue |
| Net Income (to 30‑Sep‑2025) | 596,500,000 | Reported consolidated net profit |
| Gross Margin (approx.) | - | Varies by segment; services generally higher-margin than hardware |
| R&D & Tech Investment | Significant (annual) | Supports software/platform development and cloud services |
- Revenue model details:
- Systems integration & projects - one-time and milestone-billed contracts for large-scale IT modernization.
- Managed services & outsourcing - recurring contracts for operations, monitoring and maintenance (steady cash flow).
- Software & platform licensing - proprietary vertical and horizontal applications with license and subscription fees.
- Cloud & data center services - hosting, IaaS/PaaS offerings and value‑added cloud migration services.
- Consulting & professional services - design, implementation and industry-specific advisory work.
- Competitive advantages driving monetization:
- Integrated end-to-end capability from consulting to operation, enabling larger contract capture.
- Certifications and proven delivery reduce procurement friction with public and regulated clients.
- Regional service network supports cross-border contracts and repeat business.
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