Company Overview - Guangdong Huicheng Vacuum Technology Co., Ltd. held an investor relations activity on May 8, 2025, from 15:00 to 16:30 at the Dongguan Listed Company Association Roadshow Hall [2] - Key personnel included the General Manager, Li Zhirong, and the Financial Officer, Lin Lin [2] Delivery Cycle Insights - The delivery cycle for conventional products is approximately three months, while precision optical equipment has a delivery cycle of around nine months [3][4] - The delivery cycle varies by industry, with photovoltaic equipment having longer lead times due to its complexity [3] Market Segmentation and Growth Potential - The company categorizes its products into four segments: consumer electronics, other consumer goods, industrial products, and scientific research [3] - The precision optical application market is still in its early stages, presenting potential growth opportunities for the company [3] Sales Performance - In 2024, sales to the Apple supply chain amounted to approximately ¥84.32 million, accounting for 16.21% of the company's main business revenue [5][6] - The company aims to increase its market share in the Apple supply chain, although it currently holds a small percentage of the overall coating equipment market [6] Research and Development - The company collaborates with universities for the development of precision optical coating equipment, which has taken considerable time to achieve initial success [7] - Ongoing R&D efforts are focused on semiconductor applications, with plans to increase investment for technological breakthroughs [7] Competitive Landscape - The company has begun to establish competitive capabilities against international manufacturers, particularly in pricing and service, although there remains a technological gap [7] - Currently, there are no other listed companies in China primarily focused on PVD coating equipment in the precision optical application sector [7] Financial Considerations - The company has experienced rapid growth in parts and consumables in 2024 due to significant purchases from downstream clients upgrading existing equipment [7] - The impact of raw material price increases on profit margins is acknowledged, with costs likely passed on to downstream customers [7] Risk Disclosure - The company emphasizes that the information shared during the investor relations activity does not constitute a commitment to investors and advises caution regarding investment risks [7]
汇成真空(301392) - 301392汇成真空投资者关系管理信息20250508