On August 31, the signing ceremony of the strategic cooperation between Weifang Bincheng Investment and Development Co., Ltd. and Gospell Digital Technology Co., Ltd. was held in Weifang City, Shandong Province, marking the official start of Gospell’s transformation from private capital to state-owned capital.
As a state-owned enterprise in Hanting District, Weifang City, Bincheng Investment and Development Co., Ltd. combines resource advantages and development opportunities to rationally lay out business segments to create a development cluster of advantageous industries. The company currently has total assets of 42 billion Yuan. The group’s business scope covers the “five major business segments” of finance, urban construction, cultural tourism, energy, and agriculture.
Gospell Digital Technology Co., Ltd. was listed on Shenzhen Stock Exchange in February 2017. As a first-class outstanding leader in the domestic communication industry, it has a strong brand advantage in electronic information technology, network transmission, smart intelligence and other related fields and Competitiveness. In the context of the current rapid development of the 5G industry, Gospell has made a scientific layout around the two main directions of the frequency communication industry and new materials, and has a broad market prospect.
Gospell will further consolidate and develop the advantages of digital TV systems and continue to maintain industry leadership in the existing advantageous market areas, consolidate the company’s leading advantage in the development of high-frequency microwave copper clad laminate products, actively seize opportunities in the 5G and ultra-high-definition industries, actively enter the field of smart cities (including markets such as smart campus, smart home, and smart agriculture), system integration, converged gateway GPON, and smart voice products.
The strategic cooperation between Bincheng Investment and Development Co., Ltd. and Gospell is the first step taken by Bincheng Investment and Development Company to realize asset securitization. It is also the first step for Bincheng Company to optimize strategic development layout and deepen exchanges and cooperation. It is of great significance to further deepen the reform of state-owned enterprises, introduce high-quality high-tech enterprises, and create advantageous industrial platforms and industrial clusters. It can use the capital, resources, and project advantages of the city to inject high-quality assets into Gospell, optimize resource allocation, develop new projects, expand new markets, and inject new momentum into the development of the company.
According to industry analysts, Gospell has reached an agreement with Bincheng Investment and Development Co., Ltd., which is in line with the national support policy for small and medium-sized enterprises with industry characteristics. By introducing resources such as state-owned management capabilities and strong background, it will help Gospell break through 5G high-frequency copper clad laminates and the bottleneck of the development of 5G base station and 5G mobile phone filters has enabled enterprise to move towards a better future.