Urovo Tech’s Successful Listing on the Shenzhen Stock Exchange Puts Mobile Applications in Spotlight
(August 9, 2016, Shenzhen, China) Urovo Technology Co., Ltd (stock code: 300531), a leading industry application solution provider in the global market, was successfully listed on the ChiNext Market of Shenzhen Stock Exchange, with an issuance of 20 million shares. By tapping into the capital market through the initial public offering, Urovo Tech will continue to consolidate its leadership in the mobile application sector of the domestic industry.
Established in January 2006 and recognized by the government as a high-tech enterprise, Urovo Tech has been focusing on the research and development, production, sales, and service of mobile application devices in industries, such as handheld mobile data terminals and mobile payment smart terminals, alongside the provision of integrated solution packages.
Mr. Guo Song, Chairman of Urovo Tech, Attended the Listing Ceremony at Shenzhen Stock Exchange
Upon its inception, Urovo Tech took the lead in launching a series of indigenously developed wireless handheld smart data terminals in the PRC and has since then continued to pursue technological innovation. A fixed proportion of annual sales revenue has been invested in product and technology research and development. Currently, a high-caliber professional research and development team takes pride in a number of patents and software copyrights. In addition, Urovo Tech maintains complete product lines with ongoing updates and continues its rapid growth in performance. Its prominence in the field of industry mobile application technology is further proven by research results that have been successfully applied to various large-size projects organized by the 29th Beijing Olympic Games and General Administration of Customs of the PRC.
In recent years, Urovo Tech has taken the lead in deploying the emerging mobile payment sector. Currently, it launches its second-generation smart payment products to provide payment services for the internet O2O applications in various industries, achieving a closed loop of O2O marketing. Urovo Tech’s smart payment devices have received various certifications at home and abroad, including UnionPay and EMV. Furthermore, sound collaboration with leading payment companies, such as UnionPay Merchant and All-In-Pay, is forged.
Urovo Tech’s Software and Hardware Integration Solutions Widely Used in Major Industries
Urovo Tech has established a marketing and service network for the Greater China region, with marketing outposts in Beijing, Shanghai, Wuhan, Chengdu, and many other locations. The domestic market share has been rising as the market scale continues to expand. At the same time, Urovo Tech is based in China and radiates the world, distributing its product lines to many countries and regions across the world.
Urovo Tech’s operating income and profits have increased every year over the past three years. In 2013, 2014, and 2015, operating income was RMB 201 million, RMB 216 million, and RMB 273 million, and net profits were RMB 46 million, RMB 47 million, and RMB 59 million, respectively. There is significant room for further improvement.
Looking forward, Urovo Tech will focus its development on “meeting the mobile informatization requirements set by customers in the professional mobile application field” and is committed to becoming the most valuable provider of industry mobile application devices and services in the global market. By upgrading and improving solutions and marketing service systems of the current product lines and industrial mobile applications, the Company continues to lead the development of the industry and the market, maintain its competitive advantages, and increase its market share.