Recently, AsiaInfo Technologies (China) Limited (Referred to as AsiaInfo Technologies, Stock Code: 01675.HK) and Zhengzhou Coal Mining Machinery Group Co., Ltd. (Referred to as ZMJ Group, Stock Code: 601717.SH/00564.HK) has announced the establishment of their joint venture, Chuangxin Digital Intelligence (Henan) Technology Co., Ltd. The newly established company will leverage both parties' strengths in technologies, products and services to pioneer a digital intelligence operation mode for mining and equipment manufacturing.
Picture: Chairman Jiao Chengyao of ZMJ Group (the sixth from left) and Executive Director & CEO Gao Nianshu of AsiaInfo Technologies (the seventh from left) meet in Beijing
01 Data creates value, pioneering a digital intelligence operation mode
As a globally significant supplier of fully mechanized coal mining technologies and equipment, as well as a multinational automotive parts enterprise with international influence, ZMJ Group, established in 1958, spans its operations across many countries worldwide. In 2018, ZMJ Group was selected for the State-owned Enterprise Reform "Double Hundred Action" initiated by the State-owned Assets Supervision and Administration Commission. In addition, it has been consecutively listed among China's Top 100 Machinery Enterprises and China's Fortune 500 for many years. As a leading provider of information technology products and services, AsiaInfo Technologies is equipped with full-stack digital intelligence service capabilities, covering consulting and planning, product R & D, implementation and delivery, system integration, intelligent decision-making and data operations.
The joint venture will focus on the three major directions of "Production Operation, Safety Operation and Equipment Operation", and provide customers with multi-scenario services by means of digital intelligence.
In terms of production operation, it will focus on coal mining, process upgrading, coal mine management and other scenarios, provide optimized services for the production operation of mining face and entire mine, and help the coal industry improve the production operation efficiency.
In terms of safety operation, it will focus on tunnel risk monitoring and maintenance, progress management, stope management & control and other scenarios, offer safety monitoring and analysis, model building, safety training & report and other services, give instructions to the safety construction and investment of mining enterprises, and provide market insight services and product R & D guidance for the upstream equipment and service providers.
In terms of equipment operation, it will focus on the equipment's full life-cycle management and operation & maintenance scenarios, and provide fault diagnosis, energy saving & consumption reduction, human-machine collaborative optimization, large model application and other services.
02 Completing the intelligence-based deployment and resolving the industry challenges: From "Acceptance-oriented" to "Value Creation"
Researches show that China's intelligent mine market is over the threshold of RMB one trillion, with cutting-edge technologies like big data, 5G and AI to significantly support the digital intelligence of mine operations. The strategic collaboration between AsiaInfo Technologies and ZMJ Group aims to establish a comprehensive, industry-recognized "Four-Layer, Four-Platform and N-Application" architecture for the digital intelligence of mine operations.
Figure: "Four-Layer, Four-Platform and N-Application" Architecture
ZMJ Group possesses 67 years of product R & D and in-depth industry experience in the "Device Layer" and "Application Layer", while AsiaInfo Technologies has accumulated 32 years of technical capabilities and cross-industry practices in the "Network Layer" and "Platform Layer". The software and hardware integration between technologies (such as 5G, AI, big data, IoT and digital twin) and equipment (such as mining and transport) by both parties will help realize the comprehensive aggregation, efficient processing and in-depth analysis on mine operation data, thus forming mine industry-specific model and providing customers with intelligent, efficient, and scenario-tailored professional services.
Mr. Jiao Chengyao, Chairman of ZMJ Group, stated that the joint venture will leverage both parties' strengths in technologies, products and services related to coal machine, intelligent manufacturing, 5G, AI and digital intelligent capabilities to establish an "Operator for Mining and Equipment Manufacturing Intelligence" characterized by high-tech, asset-light and industry-understanding, delivering "Data-Model-Scenario-Value" closed-loop services to the customers, and driving the transformation of intelligent mine construction from "Acceptance-oriented" to "Value Creation".
Mr. Gao Nianshu, Executive Director & CEO of AsiaInfo Technologies, stated that the establishment of the joint venture with ZMJ Group aims to develop "new products" for intelligent mining, expand "new markets" across the upstream and downstream of the industrial chain, explore "new sectors" in intelligent manufacturing, and pioneer a digital intelligence operation mode covering "production operation, safety operation and equipment operation". This collaboration will accelerate the intelligent development of mining and equipment manufacturing, and create more economic and social values.
Figure: "Data-Model-Scenario-Value" Closed-loop Services
