Recently, Shanghai Yiyuan Communications Technology Co., Ltd. (hereinafter referred to as "Yiyuan Communications") successfully passed the review meeting of Securities Regulatory Commission and got approved for the IPO in accordance with legal procedures. Yiyuan Communications was established in 2010, is a professional Internet of Things technology developer and wireless module supplier, can provide one-stop service for the solution of the Internet of Things cellular communication module.
According to the information released by the Ministry of Industry and Information Technology, the scale of China's Internet of Things industry has grown from 170 billion yuan in 2009 to 930 billion yuan in 2016, with a compound annual growth rate of 27.48%, much higher than the global growth rate of 17%. It is expected that by 2020, China's internationally competitive Internet of Things industry system will basically take shape. The overall industrial scale, including responsive manufacturing, network transmission and intelligent information services, will exceed 1.5 trillion yuan, and the proportion of intelligent information services will be greatly increased.
With the rapid development of the Internet of Things industry, the new generation of telecommunications enterprises represented by Yiyuan Communications have also achieved rapid growth of business income and net profit in this wave. According to the prospectus letter of Yiyuan Communications, the operating income in 2016, 2017 and 2018 were 573 million yuan, 1.661 billion yuan and 2.701 billion yuan respectively, with net profits of 20.56 million yuan, 81.51 million yuan and 180 million yuan respectively.
At the same time, the rapid development of 5G technology can bring wider coverage, more stable authorized frequency band and more unified standards to the Internet of Things, thus providing dedicated support for various applications based on the Internet of Things, especially with traceable, tamper-proof Blockchain applications. With the development of high-speed 5G communication technology, Internet of Things, Big Data and Artificial Intelligence, Blockchain will provide stable tracking, traceability and distributed peer-to-peer trading functions for trillions of goods worldwide.
For this reason, HSN project innovatively proposes the concept of Edge Node, which can sink the intensive computing services related to the Internet of Things to edge of network, help to reduce response delay and bandwidth cost, and meet the needs of various intelligent scenarios under the decentralized architecture model. As the source of massive computing and storage resources in HSN network, Edge Nodes can be the terminal devices with certain computing or storage capacity in the future. The “HSN ONE” 5G MEC module, which is being developed by HSN team, will support large-scale edge computing on hardware, so as to provide powerful support for the new generation of communication enterprises and help them create and improve a wide range of Internet of Things solutions.