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[Partner] When the Rainbow technology 85.85 million yuan profit in 2019 grew by 34%, public safety p

Date: 2020-02-25
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Note: When the Rainbow Paradise Valley Science and Technology Department of the investment company

Digging Bay Networks February 27, when Hong Technology (688,039) recently released 2019 annual results Letters announcement in 2019 total revenue of 2.85 billion yuan, up 40.22 percent over the previous year; attributable to shareholders of listed companies net profit 85.8531 million yuan, an increase of 34.36 percent over the previous year.

Announcements, Rainbow technology when the total assets of 15.14 billion yuan, up 239.70 percent over the beginning of this report; basic earnings per share were 1.39 yuan, 1.06 yuan a year earlier.

It is understood that during the reporting period, the company achieved total revenue of 285,422,232.16 yuan, up 40.22 percent over the previous year; net profit attributable to owners of parent company 85,853,129.38 yuan, up 34.36 percent over the previous year; attributable to equity holders of Excluding non-recurring gains and losses net profit 77,884,376.79 yuan, up 27.00 percent from a year earlier. The reporting period the company's total assets 1,514,244,448.69 yuan, up 239.70 percent over the previous year; attributable to parent company shareholders' equity 1,398,709,705.30 yuan, up 264.95 percent from a year earlier;

2019 steady growth in operating results, on the one hand, the large video industry 4K Ultra HD real-time transcoding technology to accelerate the promotion of the company to get more and more industry quality customer recognition, in the Internet video-related products, traditional media, operators and other fields sales increase; on the other hand, as the company's technical experience in the field of public safety, public safety project ground acceleration, further growth in revenues from the public safety industry.

(Reprinted from: digging Bay Networks)
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Partners: Paradise Valley in February 2017 to PE fund investment when the Rainbow technology and listed on the Branch board in December 2019. The company with the top vendors in the technology field HDR, 3D audio, ChinaDRM, terminal playback conducted in-depth cooperation and work together to build a 4K ecosystem solutions, promote the landing and the development of 4K industry, fully meet the radio and television, media and entertainment, online educational video applications, mobile Internet and other industries, big help Chinese video industry to flourish.


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