JSCQ(SH:688182)2024-05-22 10:14Group 1: Company Overview - Jiangsu Canqin Technology Co., Ltd. specializes in the research, production, and sales of advanced electronic ceramic components, including filters, resonators, and antennas, with applications in mobile communication, radar, RF circuits, and more [3][4]. Group 2: Technical Barriers - The development and production of electronic ceramic components involve significant technical barriers, including material, process, and innovation barriers, making it a technology-intensive industry [4][5]. - Material barriers are critical, as proprietary powder formulations are essential for competitive advantage, requiring long-term experimentation and data accumulation [4]. - Process barriers necessitate strong manufacturing capabilities, with established production processes needing extensive experience and investment [4][5]. Group 3: Financial Performance - In 2023, the company reported total assets of CNY 2.35 billion, a 1.41% increase from the beginning of the year, and a net profit of CNY 46.74 million, a decrease of 40.55% due to reduced government subsidies and financial income [5][6]. - For Q1 2024, the company achieved revenue of CNY 81.61 million, a 5.80% decrease year-on-year, while net profit increased by 43.03% to CNY 14.57 million, attributed to improved product structure and reduced financial costs [6]. Group 4: Product Development and Market Position - The company has developed a complete HTCC automated production line, achieving capabilities in various ceramic materials and manufacturing processes [6][7]. - The latest ceramic medium filters are suitable for sub-6GHz applications, including 4G, 5G, and 5.5G networks, with ongoing research in 6G technology [5][6]. - The company aims to strengthen its position in the mobile communication market by expanding production capacity and improving product variety [8][9]. Group 5: Future Development Plans - Future plans include creating a leading electronic ceramic material R&D platform and expanding applications in telecommunications, automotive, and consumer electronics [8][9]. - The company intends to enhance its product offerings in advanced ceramic materials, focusing on high-performance, low-cost solutions for emerging markets like renewable energy and semiconductors [9].