SBT(SH:688392)2023-12-27 10:26Group 1: Company Overview - The company is Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd., with stock code 688392 [1] - The meeting was held on December 25, 2023, in the company conference room [2] Group 2: Technology and Products - The company specializes in ultrasonic welding equipment, particularly for composite flow battery production lines, with no known competitors in this specific application [3] - Ultrasonic technology integrates multiple disciplines, including electronics, piezoelectricity, acoustics, mechanics, and software, requiring stable amplitude output under dynamic loads [3] - The main product delivery cycle ranges from 1 to 6 months, depending on the availability of raw materials [5] Group 3: Customer Contracts and Payment Models - The company employs various contract settlement models, including 334 (prepayment - delivery payment - acceptance payment), 3331 (prepayment - delivery payment - acceptance payment - warranty), and others [4] - Major clients in the power semiconductor sector include CRRC Times, Zhenhua Heavy Industries, Infineon, and others [4] Group 4: Market Position and Competition - In the automotive wiring harness sector, notable clients include BYD, Junsen Electronics, Amphenol, and others [4] - The main competitor in the automotive wiring harness welding field is German company Schunk, which holds a significant market share [5] Group 5: Future Development Directions - The company aims to explore ultrasonic technology applications in new energy lithium battery fields, ultrasonic dust removal, and ultrasonic scanning to meet diverse customer needs [6] - There is a focus on increasing the self-manufacturing ratio of core components like generators and transducers as the company gains recognition for its brand and technical strength [5]