Wisesoft Co. Ltd. Class A
SSZSE:0022538.62
CNY
+0.48
(+5.90%)
ISIN
CNE100000C49
Return %
Stock
S&P 500
1Y
-19.96
13.14
3Y
-36.80
80.78
5Y
-35.14
67.74
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Jian Bo Liu
- Full Time Employees
- 580
- Sector
- Technology services
- Industry
- Packaged software
- Address
- No. 7, Wuke East 1st Road Chengdu SI China 610045
- IPO Date
- Jun 25, 2008
- Website
- wisesoft.com.cn
- Similar Companies
- Business
- Wisesoft Co., Ltd. is a Chinese technology company specializing in air traffic management (ATM) and artificial intelligence equipment manufacturing with a core focus on large-scale system software. Founded in November 2000 and headquartered in Chengdu, Sichuan, the company offers a comprehensive portfolio of products and services including civil aviation control automation systems; military aviation control center systems; multi-channel digital synchronous recorders for military and civil aviation; flight information systems; traffic management systems; airline pilot training services featuring advanced flight simulator training products; virtual reality (VR) and augmented reality (AR) applications; and artificial intelligence products and services. It operates extensively within China, serving both civil and military aviation sectors as well as traffic management markets. In the most recent period, Wisesoft has faced financial challenges with a reported decline in operating revenue and net losses, yet the company has seen reduction in loss magnitude and maintains substantial net assets. A significant operational change includes a strategic transfer of a 44.8% equity stake in its subsidiary Huakong Graphics to another firm, reflecting its focus on streamlining operations and aligning with its long-term strategic plan. The company also experienced stock trading suspensions related to regulatory risk warnings linked to delisting risk on the Shenzhen Stock Exchange, and its stock abbreviation was adjusted to reflect this status. Despite these challenges, Wisesoft continues to develop its technology platforms and has notably expanded its global strategy and business operations, underscored by ongoing contracts and client engagements in its traditional core business areas of military and civil aviation and pilot training simulation. Wisesoft is recognized for its technological innovation with awards such as the National Science and Technology Progress Award and the National Technological Invention Award, and its VR business was rated among China's top 50 VR companies in 2020. The company leverages its role as a test base and technical support unit for key national defense laboratories to bolster its R&D capabilities and maintain its competitive edge. Its latest strategic positioning emphasizes growth through innovation in airline training technologies, AI, and intelligent traffic control, aiming to open new profit growth avenues while managing competitive pressures in its industry sectors. Wisesoft remains publicly listed on the Shenzhen Stock Exchange under ticker 002253.SZ and continues to be a significant player in China's air traffic management and aviation technology markets.