License Plate Recognition System Releases Highly Recommended Rating - Tigerwong

Six series of national specifications, including general technical conditions for vehicle electronic signs, safety technical requirements and device specifications, drafted by the Traffic Management Science Research Institute of license plate recognition system of the Ministry of public security, are under the jurisdiction of the Ministry of public security. It was released in the national standard catalogue on December 29, 2017, and the national standard of electronic license plate was implemented. The specification will make requirements on the working frequency band, device position, static identification distance, writing distance, recognizability under vehicle speed and driving state of vehicle electronic identification. It is understood that the specification will be fully implemented from July 1, 2018. The technical conditions for safe operation of motor vehicles (gb7258-2017) issued by AQSIQ and Standardization Management Committee on December 27, 2017 clearly stipulates that recently. From January 1, 2018, electronic license plate identification will be gradually installed on vehicles. Two days later, the national standard for electronic license plate recognition system was issued rapidly, highlighting the strength of promoting electronic license plate at the policy level. At present, the national electronic license plate has been piloted in Beijing, Tianjin, Chongqing and Hebei. The acceleration of national norms is expected to quickly promote the popularization of electronic license plates, the increase in the number of pilot villages and the promotion of the application of electronic license plates. Villages are expected to accelerate the construction of electronic license plates, and with the accelerated implementation of the national standard of electronic license plates. Equipment manufacturers will take the lead in benefiting. The infrastructure construction of electronic license plate mainly includes road fixed reading base station, mobile reading base station, network transmission, system platform software and hardware, etc. the electronic license plate occupies a large market share in the initial stage of landing. It provides a full set of RFID series products and solutions for intelligent transportation and electronic license plate series. ZTE Zhilian under Gao Xinxing has nearly 400 patented technologies. At present, domestic manufacturers with comprehensive product serialization and good platform support support the implementation of the whole process of the industrial chain. Their products have been applied on a large scale in Chongqing, Nanjing, Xiamen, Lanzhou, Shenzhen and other cities, with a national market share of more than 80% and leading strength in the industry. With the spread of electronic license plate recognition system, Gao Xinxing is expected to combine the advantages of ZTE Zhilian with its experience in Ping'an rural project to connect the overall project of electronic license plate pilot villages. In addition, the company's three-dimensional cloud defense products show the improvement of soft power. In the future, it is expected to expand in the platform application layer in the vertical field of vehicle networking such as electronic license plate. With the accelerated implementation of the national standard implementation pilot villages, 5 investment suggestions: maintain a strong recommendation -a and be optimistic about the company's strategic layout in the field of large transportation. ZTE Zhilian electronic license plate is expected to be in large quantity. In addition, ZTE IOT module and Internet of vehicles business are developing rapidly, as well as the advantageous position in the field of rail transit, forming a large traffic Internet of things layout of smart rural transportation smart rail transit Internet of vehicles. It is estimated that the company's pro forma net profit from 2017 to 2019 will be 474 million, 633 million and 831 million. Under the current share price, the corresponding PE is 32.1x24.1x and 18.3x respectively, maintaining strong recommendation -a