Weihai Beiyang Electric Group Co., Ltd., founded in 1988, is a high-tech enterprise in the Internet of Things industry focusing on optical fiber sensing and radio frequency identification

Founded in 1988, Beiyang Group is a large-scale state-owned enterprise integrating R&D, service, investment and manufacturing, and has repeatedly ranked among the top 100 electronic information companies in China and the top 100 software revenue companies in China. At present, it has 1 business division, 2 branches and 20 subsidiaries, including 1 (SNBC SZ002376), with total assets of 3.8 billion yuan and net assets of 2.5 billion yuan.

Beiyang is the founder and main promoter of Weihai's electronic information industry, since the 90s of the last century, has cooperated with Samsung Electronics, Mitsubishi Electric, Itochu Corporation and other Fortune 500 enterprises, driving the development of hundreds of supporting enterprises in our city. After the independent development of the original main business and the realization of listing, in recent years, Beiyang has launched the business transformation and upgrading strategy, gradually reduced the proportion of manufacturing business, vigorously developed scientific and technological innovation, information service business, and achieved remarkable results, forming the Internet of Things, smart city, cloud computing and electronic information venture capital four major business platforms, in the Provincial Party Committee Propaganda Department and the Provincial State-owned Assets Supervision and Administration Commission organized the "transformation and upgrading of state-owned enterprises" activities, known as the city and even the province's traditional local state-owned enterprises transformation and upgrading model.

In the field of basic perception of the Internet of Things industry, Beiyang focuses on optical fiber sensing and radio frequency identification, and has developed software and hardware products and systems with independent intellectual property rights of optical fiber, which are widely used in the safety monitoring of infrastructure and projects such as electric power, ports, tunnels, oil and gas pipelines, and radio frequency identification products have been effectively promoted in safe cities, smart libraries, logistics and other fields, and have been successfully applied to major activities such as the National Two Sessions and the Second World Internet of Things Conference in 2015.

In the field of smart city business, Beiyang assisted Weihai City to obtain national and provincial smart city pilot qualifications, actively participated in the investment, construction and operation of "Smart Weihai", provided all-round services and support for the overall planning, top-level design and project operation of Smart Weihai, and formed the "Weihai Model" of smart city construction, which was included in the textbooks of the Central Party School and the National School of Administration as a case. Beiyang invested more than 100 million yuan to build Weihai Cloud Computing Center, which has become the core infrastructure of smart cities, and actively carried out big data and software business; Beiyang also participated in the preparation of Weihai's 13th Five-Year Plan for Smart City.

In the field of innovation and entrepreneurship services, in order to implement "mass entrepreneurship and innovation", Beiyang has set up an electronic information incubator and an angel venture capital fund. At present, it has an incubation site of 50,000 square meters, forming a whole industry chain incubation model of "a cup of coffee, two spaces, multi-level incubation and angel investment". The total scale of the first phase of the fund is 100 million yuan, which is the first batch of angel funds to be established and completed with the participation of Shandong provincial equity guidance funds. Beiyang also initiated the establishment of Weihai Electronic Information Industry Association and established Weihai Mobile Internet Research Institute, a professional scientific research institution, to fulfill the social responsibility of state-owned enterprises and promote the transformation and upgrading of Weihai's electronic information industry.

Recently, the Shandong Peninsula National Independent Innovation Demonstration Zone was officially approved for construction, and the development of high-tech industries in our city ushered in an important opportunity, Beiyang will take this opportunity to further promote the business transformation and upgrading strategy, realize the preservation and appreciation of state-owned assets, and make due contributions to local economic development.