Bet Group, is a High and New Technology Enterprise (“HNTE”) which engages in scientific research, product development and the provision of technical services. The Group’s headquarters is situated in Shenzhen, the PRC, with offices in Beijing, Wuxi, Changsha and Hong Kong, the PRC. The Group’s production, research and development and sales businesses are carried out by its various subsidiaries, namely Bet Microelectronics (Shenzhen) Company Limited (“Bet WFOE”), Beijing Bet Communication Technology Company Limited (“Bet Beijing Comm”), Wuxi Bet Communication Technology Company Limited (“Bet Wuxi”) and Changsha Bet Communication Technology Company Limited (“Bet Changsha”). In order to further balance the structure of sales sources, the Group acquired Green Harmony Limited and its subsidiaries (“Green Harmony”) in August 2018 to expand its business to Smart Manufacturing and Industrial Automation (“SMIA”). As a High Technology Enterprise driven by research and development, Bet WFOE is honoured as a National HNTE, Shenzhen HNTE and National Integrated Circuit Design Enterprise.
Based on smart manufacturing, we use the power line chip design as the source, and form the strategic layout of smart grid and smart energy management applications in parallel. With its advanced R&D strength and ample industry experience, the Group provides two major businesses to the market. Firstly, through Power Line Communication (“PLC”) technology, the Group provides: (i) Automatic Meter Reading (“AMR”) business (including provision of PLC-related system-on-chip (“SOC”) integrated circuit (“IC”), PLC modules and other AMR products), which has maintained a leading position in market application of State Grid Corporation of China over the years; and (ii) Smart Energy Management (“SEM”) business (including streetlight control, building energy management and photovoltaic power management) which has been widely used in the market. In particular, we ranked high in terms of market share in the market of PLC technology adopted in smart streetlight remote control system, while the application of other smart management solutions also grow steadily. Secondly, the Group has expanded its business to SMIA business through the acquisition of Green Harmony, further providing software authorization, producing safety products, and software after-sales customer support services for maintenance and safety integrity systems applied in the petroleum and petrochemical industries.
In the future, the Group will continue to uphold the idea of upgrading industrial informatization through SEM research and the industrial Internet of Things so as to facilitate interconnection, intercommunication and inter-control among different SEM products in different industries and enterprises. Also, by applying PLC technology which seamlessly connects SEM business to the industrial Internet of Things through power line, the Group aims to achieve further extension of industrial network, thereby allowing the omnipresent industrial Internet of Things to contribute to the smart and integrated development of China’s industry.
There are major changes in energy management and control and energy usage pattern in the PRC and even the world which presents huge social responsibility and development opportunities for energy conservation and emission reduction. Bet Group has stay true to its original aspiration to actively fulfill its corporate social responsibility while achieving leapfrog development and sustained innovation, takes into account the various factors of sustainable development in the formulation and management of enterprise strategies and strives for a full understanding the social environmental impacts of measures and decisions before their implementation.
R & D team