During the 14th Five-Year Plan period, ST Texin, based on the optical communication industry, has always focused on the strategic positioning of "a comprehensive provider of new-generation information technology products and services". Through the combination of internal and external environmental changes and its own resource capabilities, it continues to explore the upstream and downstream industrial chains and actively seek market development space.
During the reporting period, the company actively expanded new markets and promoted new products based on maintaining its existing market share. Relying on the interoperability of cable processes and technologies, it actively developed and produced feeder cables and data cables used by telecom operators, and won the bid for the centralized procurement of feeder cables for China Mobile and China Telecom headquarters.
It is worth noting that the company has performed extremely well in the Internet market. It not only won the largest market share of MPO connectors of leading Internet companies, but also successfully won the bid for high-value-added cabinets and power cord products for the first time; at the same time, it also won the bid for many important Internet manufacturers' projects in the field of integrated wiring materials. The Internet market revenue in 2024 will increase significantly compared with 2023.
The company not only has a stable industry position in the field of cable product manufacturing, but also insists on being driven by scientific and technological innovation, and is committed to original technology research with continuous and stable R&D investment, and constantly achieves R&D and technological breakthroughs. In view of the hollow-core optical fiber for long-distance, ultra-low loss, and large-capacity communication needs, the company has solved the technical bottleneck of its cables and helped operators open the world's first 800G hollow-core optical fiber transmission technology test network.
In terms of smart service business, during the reporting period, the company won the bid for the "New Computer Project Procurement (Secondary)" project of Guangming Science City in the form of a consortium, and completed the Meisha Living Room, MGM Hotel, Jinhai Plaza and Smart Xiaomeisha IOC Command and Operation Center & IDC Data Room projects as scheduled. Xi'an TEDA Qianxi has achieved a breakthrough in the data center business in the financial industry. In addition, the company's online monitoring business has expanded rapidly, and it has won the bid for the Southern Power Grid Company's 2024 digital substation, digital transmission and intelligent distribution series sensor terminals, and the second batch of Beidou terminal framework bidding projects, achieving a breakthrough in the largest single bid amount in history.
In the integration sector, the company is mainly engaged in the research and development and production of various types of intelligent terminals, software, big data platforms and other businesses in the integration field, providing advanced equipment information products for various military services. During the reporting period, the subsidiary Chengdu Fourier assisted the online monitoring project team in the application of demodulation and analysis of sensor data, and at the same time carried out the localization research and development of general products to get rid of dependence on imported chips. On the other hand, the subsidiary Shenzhou Feihang has obtained batch production tasks for multiple supporting projects through the follow-up research of key projects, and in 2024, it will complete the production and delivery of a number of important batch production projects, and continue to explore the development opportunities of the drone product line in the low-altitude economic market.