KAIFA(SZ:000021)2022-12-03 10:12Group 1: Company Overview - Shenzhen Changcheng Development Technology Co., Ltd. was established in 1985 and has over 30 years of development experience, focusing on advanced manufacturing services for high-end electronic products, including integrated circuit packaging and testing, computer storage, and medical devices [3]. - The company is a leading provider of electronic manufacturing services (EMS) and aims to enhance its core capabilities while expanding into strategic emerging industries such as new energy vehicle electronics [3][4]. Group 2: Business Segments - Integrated Circuit Business: The company acquired Peidun Technology in 2015, which specializes in DRAM and embedded storage chips, positioning itself as a key player in the high-end integrated circuit industry [4][9]. - Computer Storage Business: The demand for personal computers is declining, while the solid-state drive (SSD) market is expanding, leading to a shift in the company's product focus towards SSDs and data security solutions [4][5]. - Metering Systems: The company provides comprehensive solutions for smart energy metering systems and has established strategic partnerships in Europe, Southeast Asia, and Africa, laying a foundation for future growth [5]. Group 3: Automation and IoT - Automation Business: The company has expanded its automation equipment products beyond the computer and storage sectors, focusing on high-precision assembly and automation lines to improve efficiency [5][6]. - Industrial IoT: The company is developing IoT products, including real-time electrostatic protection systems and smart site management systems, to enhance competitiveness in the industrial sector [6]. Group 4: Future Development and Challenges - The company is facing challenges in the smartphone market, with a decline in sales impacting its communication and consumer electronics segments. To address this, it has established a subsidiary in Guilin to leverage local advantages and improve profitability [7][8]. - The company is also investing in the development of its technology park, which will include R&D and commercial buildings, expected to enhance cash flow once operational [10].