Sunsea
Sunsea is a high-tech enterprise specialized in the research and development, production, and sales of ICT infrastructure apparatus.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| CNY | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | (16 %) | 22 % | (29 %) | (16 %) | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | 7 % | (3 %) | 8 % | (6 %) | - | 3 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | 1 % | (18 %) | (5 %) | (38 %) | (13 %) | (4 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | 4 % | 7 % | 5 % | 10 % | 10 % | 9 % |
Source: Company filings or news article
Founded in 1994, Sunsea AIoT Technology Co., Ltd. is a publicly traded, high-tech enterprise that has evolved from a traditional telecommunications equipment provider to a comprehensive Artificial Intelligence of Things (AIoT) solutions provider. The company went public on the Shenzhen Stock Exchange in 2009. A significant transformation began in 2016 after being acquired by Run Liang Tai Fund, leading to strategic horizontal mergers and acquisitions in the IoT sector throughout 2017. These moves, including the acquisition of IoT module makers Long Sung Tech and SIMCom, rapidly established the company's "Cloud + Module" business capabilities and secured a substantial global market share in IoT wireless communication modules.
Sunsea AIoT delivers end-to-end IoT products and services to a global clientele that includes telecom operators, ICT equipment vendors, system integrators, and enterprise customers. The business is structured around four primary segments: wireless communication modules, intelligent devices, communication engineering services, and a smart IoT solutions platform. Revenue is generated from the design, development, and sale of these products and services. Its extensive product portfolio covers a full range of communication standards and includes IoT terminals, AIoT platforms, AI edge computing devices, and intelligent communication equipment like optical distribution frames, data center infrastructure, and energy storage products. The company provides services for communication networks, information networks, and data centers.
The company's strategic pivot towards AIoT is exemplified by its investment in Ayla Networks, a global IoT cloud platform leader, becoming its largest shareholder and establishing a joint venture in China. This solidified its integrated "cloud+module" strategy. Sunsea AIoT operates R&D centers in major Chinese cities like Shenzhen, Shanghai, and Xi'an and has a global presence with branches and sales offices across Asia, Europe, and the Americas, serving over 180 countries. The company holds over 800 core patents and operates from a 50,000-square-meter production base in Shenzhen and Zhuhai. In November 2020, Zhuhai Jiuzhou Holdings Group became the controlling shareholder, further steering the company's strategic direction.
Keywords: AIoT, Internet of Things, communication modules, cloud platform, edge computing, smart devices, telecommunications infrastructure, ICT solutions, 5G, wireless communication, data center solutions, network services, system integration, intelligent manufacturing, FTTx, optical distribution frame, connectivity products, IoT terminals, smart IoT, communication engineering
