Spacetime Technology: Completed major general contracting project on the 70th, steady growth, and booming night-time economy

1. Event-driven: On the evening of March 17, 2022, it was announced that it had won the bid for the 211 million yuan "Bamboo Cultural Ecological Industrial Park Project (Phase I)" supporting buildings and facilities project, and the design and construction of the second phase of the Baitashan Guangcai Project. "Contracting" project, this winning bid accounts for approximately 23.58% of the company's 2020 revenue, and the construction period is 70 calendar days.

2. Lighting engineering system. The company's main business is lighting engineering system integration services, which are mainly used in fields such as cultural tourism light shows and conventional landscape lighting. It has expanded from traditional conventional landscape lighting to cultural tourism light shows focusing on integrated audio-visual experience, using sound, light, and electricity. Technical performance dynamic light show. The company's main competitors include Leyard, Versailles, Mingjiahui, Roman Holdings, etc. In recent years, the gross profit margin has gradually surpassed the above-mentioned companies. The company's smart city IoT system services form an overall solution of "software, hardware, and platform" that can provide service support for smart parking, smart transportation, smart urban management and other scenarios.

3. Smart street lights. The company participates in the preparation of national or industry standards such as the "White Paper on the Development of Smart Multi-Function Pole". Currently, this business accounts for a small share of revenue, but it already has core technologies such as sensors, algorithm recognition, and control platform systems, and can provide overall customized solutions for smart street lights. The company's street lights can also be equipped with photovoltaic and wind power generation devices, as well as smart charging piles, smart lighting, environmental detection, 5G micro base stations and other functions.

4. Night economy. China's nighttime consumption continues to grow. Data from iMedia Research shows that China's nighttime economy's consumption has reached 30.9 trillion yuan in 2020, a year-on-year increase of 16.9%, and is expected to increase to 42 trillion yuan in 2022. The company focuses on the night economy. Universal Beijing Resort is one of the areas created by the New Spacetime Universal Studios project. It integrates the latest light and shadow technology and uses unique lighting forms to express architectural features and create a high-tech immersive interactive scene.

5. Risk warning: Most of the company's customers are governments, its cash flow is weak, its stock price has weakened recently, and there are signs of capital manipulation.

(Some information comes from Essence Securities and the company’s official website)