万通发展(600246) - 机构投资者交流活动纪要

Group 1: Company Overview - Beijing Wantong New Development Group Co., Ltd. held an investor communication event on July 6-7, 2022, involving offline discussions and conference calls [1] - Key participants included executives from Wantong Development and the founder of Chengdu Zhirong Technology Co., Ltd. [2] Group 2: Zhirong Technology's Strengths - Zhirong Technology specializes in millimeter-wave integrated circuit design, focusing on high-performance chip solutions for next-generation phased array antenna systems and millimeter-wave communication systems [4] - The company has developed multiple millimeter-wave RF chip products and possesses over ten intellectual property rights in related fields [5] Group 3: Technical Advantages - Zhirong Technology has established a strong technical foundation with mature IP and experience in millimeter-wave circuit development, creating a technological barrier [6] - The company has successfully developed several satellite communication BFIC products, with ongoing contracts and procurement agreements with multiple clients [6] Group 4: Product Development and Market Position - Zhirong Technology's product roadmap includes various BFIC chips, with expectations for mass production in 2023 [8][11] - The current market price for satellite internet BFIC chips ranges from 300 to 500 RMB, with potential for significant market growth as demand increases [12] Group 5: Market Potential and Future Goals - The satellite internet market is projected to reach a value of $560 billion to $850 billion by 2025, with significant economic benefits anticipated from millimeter-wave frequency usage in China [12] - Zhirong Technology aims to maintain a competitive edge post-acquisition by Wantong Development, leveraging resources and expertise to capture a substantial market share [13] Group 6: Strategic Alignment with Wantong Development - The acquisition by Wantong Development is seen as a strategic move to enhance Zhirong Technology's capabilities in the digital technology sector, aligning with the company's long-term goals [14] - The integration of Zhirong Technology's expertise in phased array technology with Wantong's resources is expected to create new opportunities in the industry [14]