Guoxin Securities announced yesterday that Beijing Wuyuexin Information Technology Co., Ltd., recommended by Guoxin Securities, will enter the agent stock transfer system on October 18, 2007 and begin to list quotations. Its share code is 430022, and its shares are referred to as Wuyuexin for short.
It is reported that Wuyuexin was founded in November 2000 and changed into a limited company in June 2007. The company’s main business is to manufacture and sell voice cards and readers. As of December 31, 2006, the total assets of the company amounted to 36.98 million yuan, an increase of 24.47% over the same period in 2005. The total profit in 2006 was 7.75 million yuan, an increase of 45.68% over 2005.
Wu Yuexin said that in the field of communications, the company’s main products are computer telephone integration (CTI) system products – voice cards. At present, the company has formed more than 30 types of digital/analog voice cards with multiple interfaces, covering voice, fax and data communication, Internet gateway and many other aspects of demand. It has been widely used in traditional and important application fields such as telecommunications, communications, finance, securities, power dispatch, industrial production, schools, social public services, etc. It is used as the media through telephone. All kinds of applications provide effective means and have broad prospects for development.
In the field of data processing, the company’s main products are reading machines and related services applied in the fields of education, enrollment and examination. The company’s self-developed optical marker reader, intelligent high-speed image scanning reader and marking, teaching management system in the field of admission examination, universities and other institutions have a wide range of applications. The company’s revolutionary OMR replacement product ISR-8001 intelligent high-speed image scanning reader has been successfully promoted and applied in the field of enrollment examination. It has successfully achieved online marking, which better reflects the principles of openness, fairness and fairness in the examination process. It is believed that with the gradual popularization and application of intelligent high-speed image scanning equipment in business, taxation, banking, statistics and other government departments, enterprises and institutions, it will play a very good role in promoting China’s information construction.
The company also pays special attention to risk. Firstly, there are operational risks in the field of educational examination service. At present, the market of the company’s reading machine products is mainly in the field of educational examination service, while the domestic educational examination service field involves millions of households, and the service providers in this field have higher requirements on the accuracy, integrity and security of the service. Secondly, the company has just changed into a limited company this year. The company still needs to understand and be familiar with the implementation of relevant systems. There are risks in corporate governance. Because there are great differences in corporate governance between joint stock limited companies and limited companies, especially after the transfer of quotation of shares, higher requirements are put forward for corporate governance.