Group 1: Product Development and Market Strategy - The company has obtained several pre-installation codes from independent brand car manufacturers, which are essential for participating in tenders [2] - The development of new models takes 1-2 years, and the sales lifecycle includes phases of growth, stability, and decline [2] - The company aims to capture a share of the market for over 10 million car entertainment terminals annually [2] Group 2: Competitive Advantage and Product Features - The company's products are characterized by high-definition screens, quality sound, and high compatibility with mobile devices [1] - Unlike Android Auto and Apple Carplay, the company's system requires less stringent mobile device specifications, focusing on high compatibility and user experience [2] - The company has over 40 design patents, emphasizing its commitment to innovation and product differentiation [3] Group 3: Financial and Operational Insights - The company plans to expand its production capacity to 1 million units per year with a new 2,400 square meter facility set to open in March next year [3] - The sales ratio target across three channels (pre-installation, boutique, and aftermarket) is set at 1:1:1, with boutique sales expected to account for approximately 15% [4] - The company’s products are priced around 2,000, which is competitive with traditional products [4] Group 4: Future Plans and Market Expansion - The company is currently focused on the domestic market but has established an overseas department for future international expansion [3] - Plans to enter the commercial vehicle market and special industry markets are in development, with products expected to launch next year [3] - The company is prioritizing partnerships with domestic car manufacturers, including brands like Zotye and Chery [4]

Group 1: Company Overview and Strategic Direction - Shenglu Communication has focused on automotive electronics since 2010, establishing a dedicated team for this sector [1] - The company has successfully integrated products like antennas into multiple automotive manufacturer systems [1] - The partnership with Hezheng Electronics is based on their strong R&D capabilities and promising development prospects [1] Group 2: Product Performance and Market Challenges - Hezheng Electronics' CarPc product sales were approximately 1,000 units this year, currently in the civilian stage [2] - The decline in CarPc sales was attributed to geopolitical tensions affecting Japanese car sales and high production costs [1][2] - The gross profit margin for Hezheng Electronics remains stable, focusing on mid to low-end vehicle markets [2] Group 3: Future Plans and Market Positioning - Shenglu Communication plans to maintain its traditional communication business while adapting to the 4G network's growth [2] - The company is shifting its marketing strategy from integrators to operators to enhance brand recognition and profitability [2] - Hezheng Electronics is preparing to enter high-end markets by obtaining necessary production qualifications [2] Group 4: Investment and Development Insights - Major shareholders' stock purchases indicate confidence in the company's long-term investment value [2] - Shenglu Communication is exploring opportunities in civil defense, having recently acquired relevant certifications [2] - The technical team for civil defense projects is equipped with necessary qualifications and is collaborating with academic institutions for quality improvement [2][3] Group 5: Competitive Advantages - Hezheng Electronics' products are recognized for their leading-edge technology, including high-definition screens and superior audio quality [3] - The company has obtained essential certifications for its products, which are rare among competitors [3] - A strong understanding of customer needs drives Hezheng Electronics to deliver safe and convenient products [3]

证券代码：002446 证券简称：盛路通信 广东盛路通信科技股份有限公司 投资者关系活动记录表 编号：20150716 | --- | --- | --- | |----------------|----------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 东莞证券刘湘、五矿证券刘冰、广东瑞天投资管理有限公司 | | 人员姓名 | | 龚继海、恒泰证券管宣、国海富兰克林基金陈郑宇、融通基 | | | | 金姚晁、国信证券程继东、安信证券陈宁玉、宝盈基金盖俊 | | | | 龙、光大证券王国勤、承周资产陈伟、鹏华基金胡东建、金 | | | | 鹰基金樊勇、信远澳银基金冯明远、广发证券真怡、国信证 | | | | 券卢晓嘉、深 ...

Group 1: Company Overview and Performance - Guangdong Shenglu Communication Technology Co., Ltd. successfully achieved its 2015 marketing goals, indicating a solid performance in the telecommunications sector [1] - The company is focusing on the dual-use of military and civilian communication, as well as automotive electronics and vehicle networking [2] - Shenglu Communication has completed the acquisition of Nanjing Hengdian Electronics, expanding its military electronics revenue scale and strengthening its business layout in the military sector [2] Group 2: Product Development and Market Strategy - Hezheng Electronics, a subsidiary, aims to enhance its product offerings, including rearview mirrors and driving recorders, to adapt to the competitive automotive market [3] - In 2015, Hezheng Electronics sold approximately 250,000 units, with a target of 400,000 units for 2016 [3] - The company maintains a strong focus on R&D, ensuring its products are compatible with over 90% of mainstream smartphones, which allows it to hold pricing power [4] Group 3: Financial Performance and Projections - Hezheng Electronics' gross margin remains stable, with fluctuations depending on different vehicle models and series [4] - The company plans to establish an additional automated production line in 2016 to support its sales targets [5] - Nanjing Hengdian's orders are stable and expected to increase, supported by the construction of a new factory to expand production capacity [4] Group 4: Competitive Landscape and Future Plans - Nanjing Hengdian's main competitors include the 29th Research Institute of China Electronics Technology Group, and the company is committed to continuous innovation to maintain its market position [4] - Shenglu Communication is cautious about future acquisitions, focusing on strategic alignment with its development goals [6] - The company emphasizes collaboration with its subsidiaries, allowing them to operate independently while providing support for strategic planning and resource allocation [6]

证券代码：002446 证券简称：盛路通信 广东盛路通信科技股份有限公司 投资者关系活动记录表 编号：20161103 | --- | --- | --- | |----------------|------------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | √特定对象调研 | □分析师会议 | | 类别 | □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称及 | | 瀚亚资本韩雷、远东国际租赁方竞、汇利资产管理朱子郢、申 | | 人员姓名 | | 万宏源研究何俊锋、广汇鑫资产管理黄伟钊、广汇鑫资产管理 | | | | 王荣祥、金元顺安基金管理何伟、前海人寿保险刘远程、创金 | | | | 合信基金郑泽滨、方正证券石康、复舜资产崔安杰、中投证券 | | | | 容志能、华泰柏瑞基金杜聪、中银基金管理张凯、袆海恒航资 | ...

Company Overview - Guangdong Shenglu Communication Technology Co., Ltd. was established in December 1998 and is a leading high-tech enterprise in antenna and RF product R&D, manufacturing, and sales [2] - The company went public on July 13, 2010, on the Shenzhen SME Board (stock code: 002446), becoming the first A-share antenna company in China [2] - Focused on dual-use communication technology, the company aims to develop military and civilian communication technologies synergistically [2] R&D Investment - In 2019, the company's R&D investment was 134 million CNY, accounting for 10.06% of the annual revenue; in the first half of 2020, R&D investment reached 77.84 million CNY, representing 13.84% of the revenue [2] - The company is involved in one provincial key project and two national key projects, with a 50 million CNY national special reward for its 28G active phased array millimeter-wave antenna technology [2] Core Competencies - The company's core competencies include 5G millimeter-wave antenna technology, smart room division technology, and military electronics [2] - The company has achieved leading domestic technology and product advantages in these areas [3] Military Electronics Products - The company has over 20 years of R&D technology and process accumulation in microwave technology, with leading products including various microwave devices and modules [3] - Products are widely used in airborne, naval, ground combat platforms, and satellite internet communication [3] Civil Communication Products - The company serves domestic and international telecom operators and major equipment manufacturers, providing communication antennas, RF devices, and overall solutions [3] - Key products include backbone transmission network reflector antennas, base station antennas, indoor distribution systems, and satellite antennas [3] Impact of Divestiture - The divestiture of Hezheng Electronics, which faced significant losses in 2019 and challenges due to the COVID-19 pandemic, allows the company to focus on military and civilian communication [4] - This strategic move is expected to positively impact the company's performance [4] Chip Business - The company has developed millimeter-wave chips for domestic substitution, which are now in small-scale production and application [4] Future Strategic Directions - The company plans to strengthen R&D capabilities, particularly in self-developed chips, and increase their application in military and civilian communication products [4] - It aims to track advancements in 5G technology and promote the application of military technology in civilian markets [4] - The company will leverage opportunities from national initiatives in 5G and defense modernization, combining internal growth with external expansion [4]

证券代码：002446 证券简称：盛路通信 编号：20200828 | --- | --- | --- | --- | |----------------|---------------------------------|-----------------------|-------| | | | | | | 投资者关系活动 | 特定对象调研 □ | 分析师会议 | | | 类别 | □ 媒体采访 □ □ 新闻发布会 □ | 业绩说明会 路演活动 | | | | □ 现场参观 | | | | | □ 其他 | | | | 参与单位名称及 | 国金证券：卢锡强 邓志维 | 黄淑贞 | | | 人员姓名 | 广东华辉创富投资：戴于梅 | 黄伟 | | | | | | | | | 太平洋证券：李仁波 | | | | | 国泰君安：谭佩雯 李政 | 黄振宇 | | | | 广东睿和投资：黄统华 | | | | | 招商银行佛山分行：王婷婷 | | | | | 广东大兴华旗资产：钟应球 | | | | | 广发证券：赵骄 姜姗姗 | | | | | 中科沃大：孟禄程 | | | | | 广州善慧启世投资 ：莫鑫 | ...

证券代码：002446 证券简称：盛路通信 编号：20200901 | --- | --- | --- | --- | --- | --- | |----------------|-----------------|-----------------|-------|------------|-------| | | | | | | | | 投资者关系活动 | | 特定对象调研 □ | | 分析师会议 | | | 类别 | □ | 媒体采访 □ | | 业绩说明会 | | | | □ | 新闻发布会 □ | | 路演活动 | | | | □ 现场参观 | | | | | | | □ 其他 | | | | | | 参与单位名称及 | 中信建投 | 阎贵成 刘永旭 | | | | | 人员姓名 | 太平洋证券 | 李宏涛 | | | | | | 浙商证券 | 张建民 | | | | | | 国元证券 | 常启辉 | | | | | | 华西证券 熊军 | | | | | | | 广发证券 李炼 | | | | | | | 兴业证券 黄艳 | | | | | | | 招商证券 冯鑫 | | | | | | | 海通 ...

证券代码：002446 证券简称：盛路通信 广东盛路通信科技股份有限公司 投资者关系活动记录表 编号：20200831 | --- | --- | --- | --- | --- | |----------------|-------------------------------|-------|------------|-------| | | | | | | | 投资者关系活动 | □ 特定对象调研 □ | | 分析师会议 | | | 类别 | □ 媒体采访 □ | | 业绩说明会 | | | | □ 新闻发布会 □ | | 路演活动 | | | | □ 现场参观 | | | | | | 其他 电话会议 | | | | | 参与单位名称及 | 华夏基金 王晓李 | | | | | 人员姓名 | 银华基金 王浩 | | | | | | 农银汇理基金 周宇 | | | | | | 银河基金 江宇昆 | | | | | | 东吴基金 陈宪 | | | | | | 创金合信基金 李游 | | | | | | 河床资本 张建宾 | | | | | | 菁英时代 陶贤力 | | | | | | 朴易资产 陈俏宇 | ...