AVD(300939)2025-05-27 09:58Summary of the Conference Call for Shenzhen Qitian Microelectronics Co., Ltd. Company Overview - Shenzhen Qitian Microelectronics Co., Ltd. specializes in the research, design, production, and sales of liquid crystal display devices and related products, aiming to become a one-stop service provider for human-machine interface and smart control products globally [3][6] - The company offers a range of products including small to medium-sized LCDs, monochrome and color TFT display modules, capacitive touch screens, and display control systems, with applications in industrial control, medical, smart home, and automotive displays [3][6] Key Points Discussed Electronic Paper Project - The company has established basic mass production capabilities for electronic paper products and achieved small batch shipments as of the date of the report [6][7] - Electronic paper technology is highlighted for its advantages such as low energy consumption, eye comfort, and flexibility, making it suitable for various applications like electronic price tags and e-readers [6][7] Project Termination and Fund Reallocation - The company terminated the "Touch Display Module Ganzhou Production Base Project" and the "New Display Device Construction Project" to improve fundraising efficiency, reallocating the remaining funds to the Shenzhen industrial base and the electronic paper module production line project [7][8] International Expansion - A new production base is being established in Thailand to support business growth and increase overseas production capacity [7][8] Automotive Electronics - The company’s products are used in automotive electronics, including dashboards and central control panels, with major clients such as BYD and Nissan [8][9] IoT and Smart Living Applications - Products are also applied in the Internet of Things (IoT) and smart living sectors, with clients including GE and Samsung [8][9] Investment and Acquisition Plans - The company is exploring investment and acquisition opportunities that align with its strategic goals, focusing on high-potential projects in related industries [9][10] Financial Performance - The net cash flow from investment activities increased by 117.60% year-on-year, primarily due to the redemption of financial products [10][11] Employee Structure - As of December 31, 2024, the company had 2,279 employees, with 261 in R&D, representing 11.45% of the total workforce [10][11] Impact of Tariffs - The company reported a low impact from U.S. tariffs, as exports to the U.S. are minimal, and it is actively monitoring trade policies to adjust strategies accordingly [11][12] Additional Insights - The company emphasizes continuous innovation and quality management as core operational strategies to enhance competitiveness and meet market demands [3][6][11] - The management is committed to maintaining transparent communication with investors and adhering to regulatory requirements during the conference [12]