LabTech(SH:688056)2024-03-06 07:36Group 1: Company Overview - The company, Beijing Laibotai Technology Co., Ltd., focuses on sample pretreatment instruments and analytical testing instruments [2] - The company has been continuously developing and updating its products, particularly in automation and intelligence, to expand its customer base [2] Group 2: Product Development and Market Strategy - The company has successfully entered the semiconductor industry by targeting high-performance requirements from the beginning, establishing a strong market presence [3] - The company is actively promoting its products to upstream and downstream enterprises in the semiconductor supply chain and has secured relevant orders [3] Group 3: Product Lifecycle and Replacement - The typical usage cycle of the company's instruments ranges from 5 to 10 years, influenced by external conditions and wear [3] - Customers may opt for new products if they have new application needs during the usage period [3] Group 4: Domestic Substitution Trends - The large-scale realization of domestic substitution for ICP-MS products requires time, with some customers showing preference for domestic products, especially in trade-sensitive industries like semiconductors [3] - Imported manufacturers are responding to domestic substitution policies through local OEM and private label strategies, while customers need time to accept and validate domestic products [3]