LongShine Technology Group

What LongShine Technology Group does

LongShine Technology Group is a Wuxi-headquartered Chinese technology company founded in 1996 and listed on the Shenzhen Stock Exchange GEM (300682) in 2017, operating across four principal sectors: Energy Internet, Industrial Internet, Digital Life, and Digital City. The company serves a B2B2C customer base of more than 12,000 enterprise clients and over 330 million household users across 31 provinces and 40+ cities in China, with international operations spanning 10+ countries along the Belt and Road. Its core technology platforms include HanClouds (an industrial IoT platform connecting 16 million+ devices), HanYu (a payment and digital finance platform), and domain-specific solutions for smart energy, smart gas, smart buildings, smart travel, and city operations.

The company generates revenue through a B2B2C model in which it builds and operates mission-critical digital infrastructure for utility companies (State Grid, provincial power utilities, China Resources Gas, Xinao Gas), transportation operators (Shanghai Metro), municipal governments (Beijing Government), and enterprises, then captures value from the underlying consumer transactions flowing through those platforms. Key revenue mechanics include software licensing and platform fees from utility and municipal clients, transaction-based fees from HanYu's payment flows, energy management service revenue from Industrial Internet deployments, and consumer-facing digital life services. In FY2020, LongShine reported revenue of 3.39 billion yuan (approximately $470 million) with a 21% net profit margin, reflecting a 10-year revenue CAGR of 44% and net profit CAGR of 51%. The company employs over 5,000 people across 8 R&D centers and 22+ branch offices.

Name

LongShine Technology Group

Legal name

LongShine Technology Group Co., Ltd.

Website

https://en.longshine.com

Company type

Public

Founded year

1996

Headcount range

501–1,000 employees

Short description

LongShine Technology Group (300682.SZ) builds digital infrastructure platforms spanning energy, industrial IoT, payments, and smart city solutions, serving 12,000+ enterprise clients including State Grid and Shanghai Metro plus 330M+ end-users across China and Belt and Road markets.

Ownership category

akta.pro rank

Product category

Industrial Internet Software

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (51621)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Customer Self-Service Portals & Digital Experience (Web/Mobile) (EUAJAHAK)

akta.pro secondary industry

Managed File Transfer (MFT) & B2B/EDI Integration (HDAEACAG)

Keywords

• Industrial internet platform
• Smart grid solutions
• Digital city services
• Energy management software
• Power marketing systems

Headquarters

HQ city

Wuxi

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. IT Solutions and Services: LongShine provides long-term technical and operational services for government and enterprise customers. Revenue generated from digital transformation solutions, software systems, and operational services across energy internet, industrial internet, digital life, and digital city sectors.
2. Software Licensing and Implementation: Provides software solutions including power marketing systems, industrial internet platforms, and digital city solutions with implementation and ongoing support services.
3. Professional Services: Business consulting, technology consulting, management consulting, and implementation services for energy and public utility enterprises.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LongShine Technology Group provides digital transformation software and platforms across four domains: energy internet, industrial internet, digital life, and digital city. Its flagship product, the HanClouds Industrial Internet Platform, underpins offerings that include power marketing systems for electricity utilities, smart grid solutions, EV charging operations platforms, and integrated digital city platforms for government clients. The company serves primarily enterprise and government customers in China, operating under a B2B2C model that enables its clients to deliver digital services to end consumers.

Product overview

LongShine Technology Group is a technology company that powers industrial digitalization through a platform-plus-modules architecture spanning energy internet, industrial internet, digital life, and digital city sectors. The core product portfolio includes the HanClouds Industrial Internet Platform (PaaS) as the foundational platform, complemented by specialized solutions across power marketing (Marketing Audit and Monitoring System 2.0, Marketing application system), digital energy (Comprehensive Energy Service Integration Platform, LS-EnergyPack, Marketized Power Sales System), and digital city verticals (Beijing All-In-One System, City Operation Center, All-In-One System for Governments and Enterprises). Digital life offerings include Living Payment Solution, Intelligent Travel Solution, Intelligent community, Digital Intelligence Class, and OTTTV Solution. The company operates through acquired subsidiaries including Bangdao Technology (utility billing), ChangLife (new energy), YSTen (smart TV), Hango Technology (foreign trade), and LongShine D+ (digital city construction), all coordinated under the B2B2C business model to serve over 12,000 government and enterprise customers and 330+ million household users.

Differentiator

Problem solved

Functional benefit

Products and services

• HanClouds Industrial Internet Platform

Quantifiable outcome

• 2020 revenue of 3.39 billion yuan with 710 million yuan net profit
• +5 more outcomes

Named customers13 records

Segments7 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability14 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• AlibabacoreTechnology or IntegrationLongShine has established long-term cooperation relationships with Alibaba. The company integrates with Alipay for payment services and leverages Alibaba's technology ecosystem for cloud services and platforms.
• Universities (North China Electric Power University, Shanghai Electric Power University, Tsinghua University)minorStrategic or Co-development PartnerLongShine has established long-term cooperation relationships with universities for research, talent cultivation, and产学研结合 (industry-academia-research) collaboration.
• Bang Dao Technology (Joint Venture with Ant Group)coreStrategic or Co-development PartnerBang Dao Technology is a joint venture between LongShine and Ant Group, established in 2015. It focuses on digital life services including living payment platforms, serving over 4,800 utility institutions and 330+ million users.

Scale indicators26 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Huawei Cloud: Major Chinese cloud and AI platform competing in industrial internet, smart city, and government digital transformation. Comparable to LongShine in target customers and IoT/AI capabilities, with substantially larger R&D and global reach.
• Alibaba Cloud (Aliyun): Dominant Chinese cloud platform offering IoT, smart city, and industrial internet solutions at massive scale. Competes with LongShine's HanClouds platform layer and underpins it via partnership; serves overlapping government and enterprise customers with broader portfolio but less vertical specialization in utility billing.
• Hikvision (Hangzhou Hikvision Digital Technology): Global leader in video surveillance, IoT, and smart city solutions. Comparable to LongShine in AI vision for transportation and smart city deployments, but with much larger scale and hardware-led business model.

Regional players

• Itron: Global utility AMI and smart infrastructure provider offering Meter2Cash, MDM, and grid management solutions. Comparable to LongShine's LS-EnergyPack overseas power marketing offering, with similar utility customer base but global footprint anchored in North America and Europe rather than emerging markets.

Direct peers

• Neusoft Corporation: Major Chinese IT solutions and services provider serving automotive, healthcare, energy, and government verticals with systems integration and digital transformation offerings. Comparable to LongShine in scale (~5,000+ employees), vertical B2B focus, and government/SOE customer base, though Neusoft is more automotive-anchored.
• Wonders Information: Chinese smart city solutions provider offering urban management, public security, and digital government platforms. Directly comparable to LongShine's City Operation Center and Beijing All-In-One System products, with similar municipal government customer base.
• Yonyou Network Technology: China's leading enterprise software and cloud services provider, offering ERP, HR, financial, and industry-specific platforms across government and enterprise customers. Directly comparable to LongShine in B2B digital transformation focus, public-sector penetration, and platform-plus-modules architecture, though Yonyou has stronger finance/ERP positioning vs. LongShine's utility/energy specialization.
• China Transinfo Technology: Chinese smart transportation and intelligent traffic systems provider serving government transportation authorities. Comparable to LongShine's Intelligent Travel Solution and Shanghai Metro DADUHUI deployments, with similar B2G sales motion and AI vision products.
• NARI Technology (Nanjing Automation Research Institute): Subsidiary of State Grid focused on smart grid, energy management, and power automation solutions. Direct competitive overlap with LongShine's power marketing systems, smart grid platforms, and integrated energy services, with deeper grid hardware and protection systems.
• Hollysys Automation Technologies: Chinese industrial automation and IT solutions provider for rail, power, nuclear, and process industries. Comparable to LongShine's industrial internet and energy vertical focus, with greater emphasis on control systems and SCADA-level hardware.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/longshinegroup

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LongShine Technology Group