Chengdu JOUAV(SH:688070)2022-11-17 14:32Group 1: Company Overview and Market Performance - The company experienced a significant increase in overseas market orders, with a year-on-year growth of 195% in 2021 [3] - In 2021, the total order amount achieved by the company increased by 33.39% year-on-year [4] - The company’s first-quarter orders in 2022 also saw a substantial year-on-year growth of over 90% [5] Group 2: Research and Development - The company has a high proportion of R&D investment, with 149 R&D personnel, of which 40% hold master's degrees or higher [3] - The company has established core technological advantages in areas such as aircraft platform design and manufacturing, with some products reaching international advanced levels [3] Group 3: Product and Service Offerings - The company offers a wide range of drone products, with maximum takeoff weights from 6.8 kg to 105 kg and flight times from 1 hour to 8 hours [3] - The company provides both drone systems and services, with service revenue gradually increasing in recent years [6] Group 4: Market Strategy and Future Outlook - The company aims to strengthen its presence in traditional industries while expanding into new markets such as security, inspection, and emergency response [7] - The company has set ambitious performance targets for its stock incentive plan, aiming for revenue growth rates of 80%, 140%, and 220% over the next three years [7] Group 5: Impact of External Factors - The company acknowledges that the pandemic has affected logistics, product delivery, and raw material supply, but it has also catalyzed demand for drones in certain downstream markets [5] - The company is optimistic about the future growth of the drone industry, particularly in areas such as public safety, energy inspection, and smart city applications [8]