Three Zhongshan companies that are listed on the National Equities Exchange and Quotations (NEEQ) participated in a financing roadshow session held in a few days ago in Zhongshan. Two of them are speeding up the development of intelligent transportation and smart driving.

Guangdong Zhenye UCTRL Technology Corp Ltd joined NEEQ in 2016 and became the first listed company in China specializing in optimization of traffic signal control.

According to its secretary of the board Li Wanbiao, Zhenye took part in the roadshow to look for strategic partners for accelerated development, as the traffic signal control business has seen rapid development.

Li said, since 2012, Zhenye has been focused on "traffic congestion control" and it has provided services for more than 80 cities nationwide. The company has served over 7,000 intersections and collected up to 10 billion pieces of data.

Presently, the artificial intelligence-based "Excellent Think Tank" that Zhenye developed is widely used to analyze the cause of traffic congestion as well as calculate and formulate optimized traffic signal control plan and traffic scheme in a bid to ease traffic jam in urban areas.

"Zhenye is now cooperating with Huawei and other companies on 'artificial intelligence + intelligent transportation' to enable 'unmanned driving' and 'vehicle-infrastructure cooperation'," Li added.

Guangdong Hongjing Optoelectronic Technology Inc was founded in 2012. Its main products including optoelectronic devices such as optical lenses and camera modules are widely used in driving recorder, smart home camera, aerial photography equipment and others. Hongjing was listed on NEEQ in 2017.

In 2016, Hongjing has signed a long-term development and production cooperation agreement with automobile manufacturers such as Geely, Dongfeng, SAIC and BYD, said Wei Qingyang, the company's secretary of the board. Last year, Hongjing began to receive international orders. Export sales is predicted to take up 40% of its operation revenue this year.

With 5G technology being widely applied, in-vehicle camera will see explosive demand growth, Wei added. Meanwhile, demand for cameras in smart home and consumer electronics areas will also increase significantly.

Based on this, Hongjing participated in the roadshow, hoping to raise funds through equity financing and bank loan for product development and market expansion. The company has a plan to achieve annual sales revenue of 1 billion yuan and join the A-share market in 5-7 years, Wei said.