01
Starring Technology was launched
Before reading a report interviewed a domestic compiler expert. He recalled:
In 2002, Tsinghua University cooperated with Institute of Computing Technology of the Chinese Academy of Sciences to jointly cultivate basic software talents. As of December 2009, nearly 20 compiler doctors have been trained. However, more than three-quarters of people went abroad and worked in Silicon Valley . At that time, I personally trained 5 of the doctors in Google .
Why don’t they stay in the country? because they can't find a job that matches them, and domestic companies are reluctant to hire these people.
cannot retain outstanding talents, and the entire industrial chain is seriously "bottled". This is not only the current industrial situation of domestic basic software, but also restricts the development of the entire industry.
In today's software-driven era, the importance of basic software is self-evident. After all, the business of enterprises basically needs software to carry, especially those software closely related to business systems, such as databases, middlewares, etc. Once the service is aborted, if there is any problem with the software operation, it will have an immeasurable impact on the company's business.
This is also why software manufacturers launch on-site services or other complete service support, , especially those multinational software companies, constantly improving their global layout and filling the regional market.
For the local market, the advantages of local enterprises are highlighted. After all, the first thing you need is to get close to is the water, and local companies can fully serve customer needs.
In the past two years, China has vigorously developed the digital economy , and digital transformation cannot be separated from the strong IT infrastructure and the support of basic software.
But one reality that has to be faced is that more than 95% of the domestic basic software of is still occupied by commercial or open source software abroad.
Especially this year, seeing news about European and American sanctions on Russia has given China a feeling of "abandoning fantasy and preparing for battle".
In fact, my country has begun to promote independent innovation in the software industry for a long time and get rid of the dilemma of being stuck.
Now these industries are entering the stage of "flowering and fruiting".
"The First Stock Stock of Domestic Big Data Basic Software" officially landed in the capital market.
On June 8 this year, the Shanghai Stock Exchange Science and Technology Innovation Board Listing Committee reviewed the listing request of Starring Technology at the 47th review meeting of the 2022. The results showed that Starring Technology's initial public offering met the issuance conditions, listing conditions and information disclosure requirements and approved the listing.
On October 18, Star Ring Information Technology (Shanghai) Co., Ltd. (referred to as "Star Ring Technology") officially landed on Science and Technology Innovation Board , with the stock code name Star Ring Technology (688031), and the offering price is RMB 47.34 per share.
I didn’t expect that when the problem of the stumbling block was said to be bad by the media, there is such an important field and basic software has made an IPO.
02
rose by more than 60% on the first day!
China needs a local big data basic software company, so Starring Technology emerged.
And what really makes people feel that this company is beyond expectations is the rise of opening on the day.
I originally thought that market was not good, and the capital market trading fell into a downturn. New stocks broke the issuance of new stocks and has become a common topic for investors since last year.
, but unexpectedly, on the day of Starring Technology's listing, a big rise ushered in a good start, closing at 76.00 yuan, up 60.54% from the issue price of , which is 47.34 yuan per share!
This also shows that Starring Technology itself not only has the sentiment of new markets, but also many investors agree with its fundamental value.
As the "first stock of domestic big data basic software", Starring Technology is the "pioneer" in the big data basic software industry.
was founded in 2013, when big data was the hottest. It is an enterprise-level big data basic software developer. It provides basic software and services around the entire life cycle of data integration, storage, governance, modeling, analysis, mining and circulation, and converts data value into business value.
At present, the company mainly provides two categories of products and services:
The first category is the big data basic software business , which contains basic software products and technical services;
The second category is application and solution , which mainly targets big data application scenarios, and provides solutions for consulting and customized development services in related scenarios such as big data storage , processing and analysis. In addition, the company sells a small amount of third-party software, hardware and other other businesses based on customer and project needs.
In terms of personnel composition, the company is also a "gathering of heroes".
4 core technical personnel Sun Yuanhao, Lu Cheng, Liu Wanggen and Zhu Junchen of Starring Technology, has served in Intel , leading the research and development of the Intel Hadooph distribution.
products have been implemented in more than a dozen industries and have more than one thousand terminal users.
Bank of China , Pudong Development Bank, Zhejiang Rural Commercial United Bank, etc. The government field includes Shanghai Big Data Center, the energy industry includes China Petroleum , Southern Power Grid , etc. The transportation industry includes China Post Group , Zhengzhou Metro, etc., and the manufacturing industry includes Hunan China Tobacco , etc. are all its customers.
is enough to be called "world-class enterprise-level basic software developer of big data" .
In terms of financial data, the company has also entered a rapid growth range.
Starring Technology's revenue in 2019, 2020 and 2021 was 174 million yuan, 260 million yuan and 330 million yuan respectively; Starring Technology's revenue in the first half of 2022 was 97.583 million yuan, an increase of 18.2% from the operating income of 82.556 million yuan from January to June 2021.
This is due to the explosive growth of massive data in the information age and the rapid expansion of the Internet; it makes it difficult for traditional databases to meet the needs of enterprise-level customers to store and process data.
Starring Technology just hit the "hot spot".
However, under the rapid growth trend, the company also has hidden worries
—like other emerging technology companies, the debt is too high!
As of December 31, 2021, the cumulative loss of Starring Technology has not made up for . was 416 million yuan. The main reason is that the company is in a period of rapid growth and continues to invest a lot in R&D, sales and management.
This reminds people of , the leader in artificial intelligence - SenseTime . It always says that the company has many powerful technical barriers, how high the technological content is, and what the future prospects are.
However, the company has suffered losses for years, with a huge loss of 40 billion yuan. No matter how big a cake is, it cannot cure the pain of SenseTime investors.
is expensive to engage in research and development, and is highly dependent on capital transfusion. Whether you can survive in the future depends on one thing: Does the
business model have enough monetization space?
And whether Starring Technology can give a positive answer needs to be asked.
03
The big wave of domestic software
In June 2013, Former U.S. CIA former employee Snowden exposed the US government's "prism" plan, and for a moment, the world was shocked.
However, this also makes people with insight realize that information security is a major issue facing the government and enterprises. One of the recognized solutions is to use domestic equipment and software.
Because only by using chips, servers, operating systems, databases and other products independently developed by Chinese companies can be achieved independently and controllable to ensure the security of enterprises and the country's information.
If the "Prism Gate" incident made the Chinese people realize the importance of domestic basic software, then the boredom incident exposed the "Finished core and lack of soul " problem that has plagued China's science and technology field for a long time.
It once again warns us that if we do not master the core key technologies, it is easy to be "bottled".
After decades of research and development, the domestic operating system has been successfully applied to national key projects such as Chang'e lunar exploration, Beidou navigation, Tianwen-1 and other national key projects.
However, in the commercial field, the competitiveness of China's operating systems, and even basic software such as databases, middleware, office suites, etc. is still very weak, and foreign companies occupy most of the domestic market share.
In China, due to the huge number of users, the data volume of domestic enterprises is generally one order of magnitude higher than that of foreign enterprises. When foreign companies design products, they are constructed based on the number of users of foreign simulations. When encountering such a huge number of users in China, the chance of system problems will be greatly increased.
In my country's telecom operators, banks, transportation and other fields, the data volume and complexity are far greater than similar foreign companies. Therefore, the market urgently needs a new generation of data processing technology to solve the problem, and the current products of foreign companies cannot meet the needs of domestic users well.
Starring Technology was born in this context. The English name of the Star Ring comes from the Star Trek movie. Transwarp is a super-fast engine technology in the Star Trek movie, and it is the fastest of all science fiction novels and science fiction movies.
is named. means that it wants big data software and distributed computing engines to achieve the fastest speed like the speed of light or exceed the speed of light, and to achieve the highest efficiency of data processing.
The Chinese name of the company is taken from Star Ring Group in "Three-Body Problem". means that the company will gather many outstanding scientists in the future and explore future technologies.
This is enough to show the ambition and vision of this startup founded in 2013.
And behind Starring Technology, there is a huge investment army.
Starring Technology has completed 9 rounds of financing since its establishment. Among the investors are Tencent , National Military-Civilian Integration Industry Investment Fund, TCL Venture Capital, Hang Seng Electronic , Guoke Investment and other Industrial Capital ;
also have Yunyou Investment, Fangguang Capital, Qiming Venture Capital, Xinding Capital, CICC Capital, Shenzhen Venture Capital , Cornerstone Capital , Jinshi Investment , BOCOM International, Guozhong Capital and other well-known VC/PE institutions.
At first glance, they are all top bosses.
Although, compared with the senior "first stock in cloud computing" and the junior "first stock in artificial intelligence", China's "first stock in big data basic software" Starring Technology has indeed appeared a little later. But Starring Technology does have a strong sense of strength and has developed the development model of China's basic software.
You should know that in the past nine years, the concept of big data has been over-consumption, and China's technology industry has also been top-notch.Even looking at the capital market and focusing on basic software, Chinese technology companies are a very small number of existences.
And this company's investment in scientific research is shocking. From 2019 to 2021, the company's R&D expenses were RMB 109.1859 million, RMB 109.4757 million and RMB 140.468 million, respectively, and the proportion of R&D expenses to operating income was 62.66%, 42.11% and 42.46% respectively, and R&D expenses increased year by year.
earns 330 million a year, and dares to invest 140 million in research and development, which is indeed a ruthless spirit.
After years of independent research and development, Starring Technology now has a number of patented technologies. As of June 30, 2022, the company has been authorized 77 domestic patents (including invention patents 74), 8 overseas patents, and a total of 328 software copyrights .
However, is the listing of Starring Technology a sign of the rise of domestic basic software?
In fact, we still have a long way to go in this regard.
"The foundation is not solid, the earth is shaken." The sentence
can be said to summarize the situation of domestic basic software in a perfect way. Because domestic basic software cannot develop well, we have to rely on foreign countries. Because we rely on foreign countries, we are easily "bottled".
Take the Huawei incident as an example. The United States card Huawei seems to be a chip; it is essentially a card for China, relying on the gap between China and the United States that cannot be caught up in the entire high-tech field in the short term.
The reason why China has been repeatedly stuck is because there is insufficient basic research.
In traditional Chinese culture, "craftsmen" are despised.
Mencius said, Those who work hard to control others, and those who work hard to control others.
However, facts have proved that despising operations and despising practice will ultimately lead to a loss.
So Chinese people should not be blindly optimistic. Think about how to improve the scientific research environment so that people can make full use of their talents and use their products. It is thousands of times better than empty shouting.
Rome was not built in one day, but if you give it to 30 years in the right way, there will inevitably be a Roman city that the world admires.
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