Geeya Technology: policy impact leads to business decline

   Date:2011/12/09     Source:

The main products of Geeya (300028.SZ) are front/back-end hardware and software of digital system. It provides end-to-end integrated solution for small & medium-sized cable TV operators. In January to September 2011, Geeya achieved operating revenue of RMB 155 million, down 4.43% yr-on-yr; net profit of RMB 31.63 million, down 9.06% yr-on-yr.

Geeya has a great number of county-level clients but few of province-level clients. In 2011, influenced by the provincial network integration, operating revenue and market share of Geeya dropped to some extent. In spite of adjustments in its marketing strategies in the third quarter, the company's downward trend was just alleviated.

In September, Geeya signed contract with Harvard International PLC, one of the main STB dealers in the UK, to acquire all of the shares of Harvard. This acquisition added new marketing channel for Geeya.
 

2005- www.researchinchina.com All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号