Recently, a smart identity and certification provider and service provider in Shandong Shensi Electronics announced that it will jointly establish a subsidiary company, Shensi Xuhui Medical Information Technology Co., Ltd., in conjunction with Wenzhou Xuhui.
Shensi Electronics released an announcement that the company registered with the company was established in Jinan with a registered capital of RMB 50 million. Shensi Electronics invested RMB 25.5 million, accounting for 51% of the joint venture company; Wenzhou Xuhui invested RMB 24.5 million in cash and intellectual property, accounting for 49% of the joint venture company.
According to relevant information, Shensi Electronics, which was established in 2004, was listed on the GEM in June 2015. The company is mainly engaged in smart card application technology, biometrics technology, and electronic payment technology. It mainly provides intelligent identity authentication terminals and industry application software products and services for users in the financial, public security, communications, human society, medical and health industries. The medical self-service system finishing solution launched by Wenzhou Xuhui is a software and hardware integrated medical self-help solution tailored specifically for medical institutions.
As a provider and service provider of comprehensive solutions in the field of identity identification in China, Shensi Electronics has achieved revenue growth of 41.1% year-on-year in 2015 and profit after tax increased by 17.0% year-on-year. Shensi e-customers include state-owned enterprises such as China Postal Savings Bank, China Unicom and China Telecom. The application scope of intelligent identity terminals and industrial application software products covers industries such as finance, public security, communications, human society, and medical care.
It is reported that the company's face recognition technology is at the domestic leading level. In the future, it will focus on fingerprint, iris, finger vein and other recognition technologies to achieve integration, integration and chipping of multiple biometrics. Relying on a new generation of IT technologies such as Internet of Things, cloud computing, big data, and artificial intelligence, high-precision intelligent recognition algorithms are used to replace passwords and keys, and to develop artificial intelligence applications such as scenes and monitoring.
According to industry insiders, the establishment of a subsidiary company in Wenzhou Xuhui indicates that Shensi Electronics will exert its strength in the medical field. Future face recognition data will be applied to a wide range of medical institutions.
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