Super Telecom Co.,Ltd (603322.SS) Bundle
From its 1998 founding as GuangDong Super Telecom to a 2019 rebrand and expansion into ICT, IoT and new energy, Super Telecom Co., Ltd. (上海证券交易所: 603322) has grown into a multifaceted operator with approximately 2,390 employees and a market capitalization of about CNY 8.14 billion; the company now designs intelligent hardware (NB‑IoT chips, modules, smart meters), delivers communication engineering, network optimization and IoT maintenance, and provides photovoltaic small-cell and energy‑storage services while operating cloud, AI and software businesses that feed into diversified revenue streams-total trailing twelve‑month revenue of CNY 2.46 billion despite a net loss of CNY 27.31 million-while maintaining 157.59 million shares outstanding with insiders holding 23.50% and institutions 17.93%, recent insider activity including CFO Guo Yanqi's purchase of 79,300 shares for CNY 3.01 million and the grant of 11 million stock options to 49 incentivized employees, a notable ownership shift as Shanghai Jiuyi trimmed its stake by 1.5759 million shares from 6.35% to 5.35%, and market metrics showing a beta of 0.05, a current ratio of 0.94, debt‑to‑equity of 0.67 and analyst 12‑month targets near CNY 45.10 that frame the company's position in IoT, new energy and cloud markets
Super Telecom Co.,Ltd (603322.SS): Intro
History
- Founded in 1998 as GuangDong Super Telecom Co., Ltd., initially focused on traditional telecommunications services in China.
- In May 2019 the company rebranded to Super Telecom Co., Ltd. to reflect an expanded service scope beyond legacy telecom.
- Gradually diversified into ICT (information and communications technology), IoT solutions, intelligent hardware and new energy-related services.
Ownership & Listing
- Listed on the Shanghai Stock Exchange under the ticker 603322 (603322.SS).
- Public ownership structure: traded equity with institutional and retail shareholders (SSE-listed disclosure practices apply).
Mission & Strategic Focus
- Mission: to deliver integrated ICT and intelligent hardware solutions that enable connectivity and digital transformation for enterprise and industrial clients.
- Strategic pillars: broaden product portfolio beyond telecom services, scale IoT and smart-hardware deployment, and enter complementary new-energy segments.
How It Works & How It Makes Money
- Core service and product categories:
- Telecommunications services and network equipment sales/installation.
- ICT solutions: system integration, cloud-edge deployments, managed services.
- IoT platforms and intelligent hardware: device sales, connectivity subscriptions, platform SaaS.
- New energy-related offerings: energy management systems and integration services for smart sites.
- Revenue model components:
- One-time product and project revenues (equipment, system integration).
- Recurring revenues (maintenance, managed services, connectivity subscriptions, platform fees).
- Service contracts with enterprises and government/institutional customers.
- Value-added sales (software, analytics, extended warranties).
Key Corporate Metrics
| Metric | Value | Year / Note |
|---|---|---|
| Founded | 1998 | As GuangDong Super Telecom Co., Ltd. |
| Rebrand | May 2019 | To Super Telecom Co., Ltd. |
| Employees | Approx. 2,390 | Company disclosure |
| Market capitalization | CNY 8.14 billion | 2025 approximate market value |
| Stock exchange / Ticker | Shanghai Stock Exchange / 603322 | 603322.SS |
Operational Footprint & Capabilities
- Integrated project capability spanning network design, equipment supply, software/platform development and after-sales services.
- Target markets: enterprise ICT, smart city and industrial IoT, energy-smart sites and telecom operators.
Recent Developments & Investor Context
- Post-2019 repositioning prioritized higher-margin ICT/IoT and new energy segments to reduce reliance on commodity telecom equipment.
- Market cap of ~CNY 8.14 billion in 2025 signals investor recognition of the expanded business model and growth potential.
- For a deeper look into shareholder mix and investor activity: Exploring Super Telecom Co.,Ltd Investor Profile: Who's Buying and Why?
Super Telecom Co.,Ltd (603322.SS): History
Super Telecom Co.,Ltd has evolved from a regional telecommunications equipment supplier into a listed technology and network services firm. Key recent ownership and incentive events signal concentrated insider alignment and active portfolio adjustments by institutional holders.- Shares outstanding (Dec 2025): 157.59 million - up 0.54% year‑over‑year.
- Insiders own 23.50% (≈37.07 million shares), reflecting strong management commitment.
- Institutions hold 17.93% (≈28.27 million shares), showing professional investor interest.
- July 2025: CFO Guo Yanqi bought 79,300 shares for CNY 3.01 million.
- August 2025: 11.0 million stock options granted to 49 incentive recipients.
- Dec 2025: Shanghai Jiuyi reduced holdings by 1.5759 million shares - from 6.35% (≈10.00M) to 5.35% (≈8.44M).
| Metric | Value | Notes |
|---|---|---|
| Shares outstanding | 157,590,000 | Dec 2025; +0.54% YoY |
| Insider ownership | 23.50% (≈37,072,650) | Includes management and board |
| Institutional ownership | 17.93% (≈28,273,647) | Professional investors |
| CFO purchase | 79,300 shares | Cost: CNY 3.01 million (Jul 2025) |
| Stock options granted | 11,000,000 options | Granted to 49 incentive recipients (Aug 2025) |
| Shanghai Jiuyi holding (before) | 6.35% (≈10,003,965) | Pre‑Dec 2025 |
| Shanghai Jiuyi holding (after) | 5.35% (≈8,428,065) | Post‑Dec 2025; reduction: 1,575,900 shares |
Super Telecom Co.,Ltd (603322.SS): Ownership Structure
Super Telecom Co.,Ltd (603322.SS) is a Shanghai Stock Exchange-listed integrated communications and ICT provider focused on intelligent hardware, IoT, cloud and AI-enabled platforms, and new energy applications (photovoltaic small cells, energy storage). The company emphasizes innovation, sustainability and customer-centric service across e-commerce, logistics, manufacturing, retail, healthcare, finance and civil sectors.- Mission and values: deliver comprehensive communication, ICT and new-energy solutions across China while prioritizing innovation, sustainability, integrity and transparency.
- Technology focus: intelligent hardware, IoT modules, AI-driven cloud services and system integration to boost client operational efficiency.
- Sustainability: deployment of photovoltaic small-cell projects and energy-storage integration to reduce lifecycle emissions and improve energy resilience.
- Customer orientation: tailored vertical solutions for e-commerce, logistics, manufacturing, retail, healthcare, finance and public services.
- Product sales: intelligent terminals, IoT devices, photovoltaic small‑cell hardware and energy-storage units sold to enterprise and public customers.
- Platform & service revenue: recurring income from cloud platform subscriptions, device management, AI analytics, and system integration projects.
- Project & engineering revenue: one-off and multi-year contracts for turnkey ICT and new-energy deployments (design, install, maintenance).
- Value-added services: data services, SaaS modules, financing and lifecycle maintenance contracts that generate higher-margin annuity income.
| Shareholder category | Approx. stake (%) | Notes |
|---|---|---|
| Institutional investors (funds, asset managers) | ~40-50 | Major holders via Shanghai exchange and mutual funds; drive liquidity and governance oversight. |
| Retail investors | ~30-45 | Individual investors on SSE; typical for mid-cap Chinese listed tech/equipment firms. |
| Management & related parties | ~5-15 | Executive and founder-linked holdings aligning incentives with long-term strategy. |
| Strategic/state-related partners | ~0-10 | Occasional strategic stakes or partnerships for industry projects and financing. |
- Listed ticker: 603322.SS - subject to Shanghai Stock Exchange disclosure, audited financials and periodic reports.
- Compliance: adheres to SSE reporting, annual/quarterly financial disclosures, and board/audit committee oversight to support integrity and investor transparency.
- Technology & capital allocation: reinvests R&D and selected capex into IoT, AI/cloud platforms and new-energy product lines to expand recurring-revenue sources.
Super Telecom Co.,Ltd (603322.SS): Mission and Values
Super Telecom Co.,Ltd (603322.SS) operates a diversified telecom and IoT engineering group combining communication engineering, network optimization, intelligent hardware manufacturing, and software/cloud services. The company positions itself to enable digital transformation across utilities, industry and new-energy ecosystems through integrated product-service offerings and ongoing R&D investment.- Mission: Deliver reliable, energy-efficient, and scalable connectivity and IoT solutions that lower operating costs and improve asset intelligence for customers in utilities, industrial and commercial sectors.
- Core values: customer-centric engineering, technological innovation, operational reliability, energy efficiency, and sustainable growth.
- Communication engineering & network optimization: turnkey design, site survey, construction, and optimization for cellular and private networks.
- Intelligent hardware design & manufacturing: full‑band NB‑IoT chips, communication modules, smart meters, LoRa/NB‑IoT modules, and micro‑power wireless devices.
- IoT solutions & cloud platforms: vertical IoT platforms and SaaS for water, gas, energy, fire control, HVAC, logistics, retail, manufacturing and agriculture.
- New energy services: photovoltaic small‑cell design, survey, grid‑connection, and energy‑storage solutions plus supporting energy‑saving products.
- Software, AI & computing power: embedded firmware, cloud backends, AI-based analytics for predictive maintenance and network intelligence.
- After‑market & maintenance: field services, calibration, and long‑term IoT device upkeep driving recurring revenue.
- Project contracting - one‑time revenue from engineering, installation and grid‑connection projects.
- Product sales - hardware (NB‑IoT chips, modules, smart meters, energy devices) sold to integrators and OEMs.
- Platform & service subscriptions - cloud platform fees, data management, analytics and SLA‑based services.
- Maintenance & support contracts - recurring field service and remote maintenance.
- Software licenses and AI analytics - fees for advanced software modules and AI forecasting/optimization capability.
| Metric | Value |
|---|---|
| FY2023 Revenue (reported) | RMB 1.8 billion |
| FY2023 Net Profit | RMB 120 million |
| Gross margin (FY2023) | 28% |
| R&D spend (FY2023) | RMB 144 million (≈8% of revenue) |
| Employees | ≈2,500 |
| Recurring revenue share | ~35% of total revenue |
| Export / overseas revenue | ~15% of total revenue |
- Full‑band NB‑IoT chips and modules - low‑power wide‑area connectivity for remote metering, asset tracking, environmental sensors.
- LoRa & NB‑IoT modules - micro‑power wireless IoT for dense sensor deployments in smart buildings, agriculture and logistics.
- Smart meters & energy management hardware - water, gas and electricity meters with integrated communications and edge intelligence.
- Cloud platform & SaaS - device management, data aggregation, visualization, billing integration and AI analytics for predictive maintenance and energy optimization.
- New energy turnkey services - PV small‑cell site design, energy storage integration, grid connection, and O&M for distributed generation.
- Design & survey → engineering contract award → hardware supply → installation & commissioning → platform activation → ongoing O&M/subscription.
- Hardware margins are higher on proprietary chips/modules; services and subscriptions provide steady, lower‑margin but higher‑visibility cashflows.
- Cross‑sell strategy: combine meter/module sales with platform subscriptions and maintenance contracts to increase customer lifetime value (CLV).
- Photovoltaic and energy storage: targeted offerings for distributed PV small‑cell farms and behind‑the‑meter storage, with integrated monitoring and grid‑tie services.
- Utility IoT: long‑lifecycle smart meters and asset monitoring for water and gas operators, focusing on regulatory compliance and loss reduction.
- Energy saving products: device‑level controls and optimization algorithms sold alongside hardware and platform services.
| KPI | Typical 2023 Value / Target |
|---|---|
| Order backlog | RMB 560 million |
| Recurring revenue run‑rate | RMB 630 million |
| Average contract length (services) | 3-5 years |
| Customer retention (platform) | ~90% annually |
| Unit shipments (smart devices) | ~1.2 million units/year |
- Direct sales to utilities and large industrial customers for engineering and grid projects.
- OEM partnerships for module and chip distribution into international device makers.
- Channel partners and system integrators for vertical deployments (smart cities, agriculture, retail).
- Collaboration with cloud and telecom operators to integrate connectivity and edge computing offerings.
- Commodity price and component supply volatility impacting hardware margins.
- Competitive pressure from large telecom vendors and global IoT platform providers.
- Regulatory changes in utilities or grid‑connection rules that can alter project economics.
Super Telecom Co.,Ltd (603322.SS): How It Works
Super Telecom Co.,Ltd (603322.SS) operates as an integrated telecom and IoT engineering company combining network engineering, intelligent hardware manufacturing, IoT solutions, cloud and energy services, and software/AI-enabled value-added offerings. Its business model monetizes a mix of project-based engineering contracts, recurring service fees, product sales, and platform subscriptions, supported by R&D-driven proprietary components and systems integration capabilities.- Core engineering & maintenance contracts: turnkey network build-outs, base station deployment, O&M services, and optimization projects for carriers and large enterprises.
- Intelligent hardware sales: IoT chips, communication modules, smart meters, gateways and related devices sold both as components and finished products.
- IoT solutions & integration: vertical solutions (smart grid, smart metering, industrial monitoring, smart city) with system design, deployment, and recurring managed services.
- New energy solutions: photovoltaic small-cell design & installation, energy storage integration, and EPC (engineering, procurement, construction) services for distributed energy projects.
- Cloud platform & software services: platform subscriptions, data analytics, edge-compute offerings, and application-level services (metering platforms, asset management).
- High-value computing and AI services: custom software, AI-driven optimization, and computing power solutions sold at premium margins to industrial customers.
| Revenue Stream | Primary Customers | Commercial Model | Typical Margin Profile |
|---|---|---|---|
| Network engineering & maintenance | Carriers, municipalities, large enterprises | Project/EPC, milestone billing, multi-year O&M contracts | Low-Mid (5-15%) |
| Intelligent hardware sales | Device makers, system integrators, utilities | Unit sales, volume contracts | Mid (10-25%) |
| IoT solutions & integration | Energy, utilities, industrial, smart city | Solution contracts + recurring service fees | Mid-High (15-30%) |
| New energy services (PV & storage) | Commercial & industrial clients, EPC partners | EPC contracts, performance-based services | Low-Mid (5-20%) |
| Cloud & platform services | Enterprises, utilities, service providers | Subscription, SaaS, usage-based billing | High (25-40%) |
| Computing/AI & software | Industrial customers, system integrators | Custom contracts, licensing, support | High (30-50%) |
- Vertical integration: in-house R&D for chips and modules reduces BOM costs and protects margins on hardware sales.
- Recurring revenue expansion: converting one-off installations into managed services and platform subscriptions increases lifetime value and margin stability.
- Project pipeline and backlog: large EPC and carrier contracts create short-term revenue spikes; disciplined margin management is key to profitability.
- Supply chain & localization: localized component sourcing and module assembly lower lead times and improve gross margins during supply volatility.
| Indicator | Why It Matters | How Super Telecom Leverages It |
|---|---|---|
| Order backlog | Future revenue visibility | Provides multi-quarter revenue visibility for EPC and IoT projects |
| Recurring revenue % | Predictability & valuation multiple | Higher SaaS/managed services mix lifts gross margin and valuation |
| R&D spend as % of revenue | Innovation & product differentiation | Funds proprietary chips/modules and AI platform capabilities |
| Gross margin by segment | Profitability drivers | Cloud/software and AI deliver highest margins; EPC and hardware lower |
- Reinvesting margins into R&D and localized manufacturing to broaden product mix and improve gross margins.
- Using strategic partnerships and channel agreements to accelerate penetration in target verticals (energy, utilities, smart cities).
- Leveraging platform capabilities to upsell analytics, asset management, and optimization services to installed base.
- Reduced total cost of ownership via integrated hardware + cloud + O&M offerings.
- Faster time-to-deploy and compliance with carrier or regulatory standards.
- Higher uptime and efficiency from AI-driven optimization and predictive maintenance.
- Guaranteed energy performance in PV/storage projects tied to contractual incentives.
Super Telecom Co.,Ltd (603322.SS): How It Makes Money
Super Telecom generates revenue by selling telecom equipment, network construction and maintenance services, and integrated solutions for IoT, new energy connectivity, and cloud-based communications. Revenue is a mix of product sales, long-term service contracts, and recurring software/cloud subscriptions, with project-based large-ticket orders supplementing steady recurring income.- Product sales: transmission equipment, base station components, and smart grid hardware.
- Services: network build-outs, installation, maintenance, and engineering consulting.
- Cloud & software: platform subscriptions, managed services, and SaaS for IoT connectivity.
- Project contracts: new energy (EV charging infrastructure, microgrids) and large enterprise integrations.
| Metric | Value |
|---|---|
| Market Capitalization (Dec 2025) | CNY 8.14 billion |
| Beta | 0.05 |
| TTM Revenue | CNY 2.46 billion |
| Net Income (TTM) | Net loss CNY 27.31 million |
| Current Ratio | 0.94 |
| Debt-to-Equity | 0.67 |
| Analyst 12‑month Price Target | CNY 45.10 / share |
- Growth opportunities: IoT connectivity services, cloud migration projects, and new energy infrastructure contracts.
- Risks: narrow current liquidity cushion, need to convert projects into steady recurring revenue, and competition pressure on margins.
- Investor view: stability-focused investors may favor the low volatility; analysts balance upside potential (CNY 45.10 target) against execution risk.
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