Smartgiant(SH:688115)2023-11-28 10:38Group 1: Company Overview and Development Plans - The company focuses on industrial automation testing, developing embedded intelligent instrument modules that enhance production efficiency and product quality [1] - Plans to expand embedded intelligent instrument solutions into more sectors beyond consumer electronics, increasing application scenarios [2] - Increased investment in high-end instrument development, focusing on precision measurement and RF testing to enhance core competitiveness [2] Group 2: Product Applications and Advantages - The main application of the company's products is in production line testing, particularly in PCBA function testing and battery module testing [2] - Compared to traditional standard instruments, the company's solutions are cost-effective, space-saving, and faster, meeting industrial mass production requirements [2] - The products are customizable based on client needs, ensuring cost efficiency while maintaining accuracy comparable to standard instruments [3] Group 3: Customer Collaboration and Market Trends - The company maintains a collaborative relationship with end customers, providing ongoing technical support and adapting to their production needs [3] - The consumer electronics market is currently experiencing a downturn, with a year-on-year revenue decline in the first three quarters of 2023 [4] - Despite signs of mild recovery in demand, overall market recovery is expected to take time [4] Group 4: Future Profitability and Product Expansion - The company anticipates that its gross margin will trend towards the industry average as it diversifies its product range and customer base [4] - A new lithium battery protection board tester has been launched, aimed at high-precision testing for various consumer electronics [4] - Modular instruments are being developed for integration into specialized equipment, expanding their application in production line testing [5] Group 5: Strategic Partnerships - The company collaborates with Huawei on industrial wireless network applications, focusing on data collection and control in production testing scenarios [5] - Cisco is primarily supplied with testing instruments and equipment by the company [5]