a little bit more research that I did on CVDT.
Industries Covered by New Customers
Wendeng Central Hospital, Shandong Province – Healthcare Industry
China Unicom's Zibo and Linyi branches, Shandong Province – Telecom Industry
Zhejiang Geely Group, Zhejiang Province – Automotive Industry
Ying Da Security Co. Ltd., Shenzen Province – Security Industry
Shandong Luneng Network Information Co., Ltd., Shandong Province – Power Supply Industry
Wendeng Municipal Government, Shandong Province – Municipal Government
National Taxation Bureau, Shandong Province - Government
Shandong University of Finance, Shandong Province – Education Industry
System Integrator Coverage
Jinan Sheng Hua Tong Cheng Info Tech Co., Ltd, Shandong Province
Shandong Gentle S&G Development Co., Ltd., Shandong Province
Jinan Daoyuan Info Tech Co., Ltd, Shandong Province
China Railway Info Tech Qingdao Branch, Shandong Province
Shandong Zhongfu Info Industry Inc., Shandong Province
Shandong Wise Info Tech Development Co., Ltd., Shandong Province
Beijing DongFangXuTian Technology Co., Ltd., Beijing
Beijing XingRunJiaYuan Technology Co., Ltd., Beijing
Guangxi Bolian Information & Communication Technology Co., Ltd.
Guangdong Topway Network Co., Ltd. , Guangdong Province – Power Supply Industry
Victory Software Co., Ltd., - Petrochemical Industry
Hebei Hangar Electronic Science and Technology Co., Ltd. – Hebei Province
Hebei Newhero Technology Co., Ltd. – Hebei Province
Hebei Longxin Technology Co., Ltd – Hebei Province
Basic Stats
Hebei Province – Population approx 67M
Shandong Province – Population approx 90M
Beijing – Population approx 15M
Guangdong Province – Population approx 75M
Total Population – 247M
According to its recent PR, the Company appears to be aggressively targeting a market of approx about 250M people. The total number of companies that are potential virtualization customers has to be very significant. They have been successful in landing some anchor clients in important industries that should definitely contribute to significant company growth. The use of system integrators to attack other important markets makes sense as a market penetration strategy.
Looks like Company gets awarded one time implementation fees and sign support contracts for post-implementation services. This should create nice revenue streams.
Some consolidation going on right now at these levels.
