KAIFA(SZ:000021)2022-12-06 09:36Group 1: Company Overview - Shenzhen Changcheng Development Technology Co., Ltd. was established in 1985, initially focusing on hard disk components and later diversifying into semiconductor storage and other businesses [2] - The company ranks among the top ten global EMS providers for five consecutive years, indicating its leading position in the industry [2] - The company has seen a decline in hard disk head shipments due to the rise of solid-state drives, but PCBA business shipments are gradually increasing [2] Group 2: Business Segments - The smart meter business has experienced rapid growth, aligning with the national "Belt and Road" strategy, and has established strategic partnerships in Europe, Southeast Asia, Central Asia, and Africa [3] - Automation equipment has expanded beyond the computer and storage sectors, with a new automated production line developed for Huawei, expected to reduce labor by 50% and enhance efficiency [3] - The medical products segment is growing, with new clients in the healthcare sector from the US, Australia, and Israel, indicating a strengthening of the company's technical capabilities [4] Group 3: Semiconductor and LED Business - The company has entered the semiconductor packaging and testing field through the acquisition of Peidun Technology, enhancing its value chain [5] - Peidun Technology provides complete chip testing services and has maintained a close partnership with Kingston, contributing to steady growth in its operations [6] - The LED business has developed successfully, with 70 MOCVD devices in production, aiming to reach over 90 devices, which will enable a production capacity of 1.2 million 4-inch wafers [5] Group 4: Future Development Strategy - The company plans to strengthen market expansion and accelerate the development of new businesses such as LED and automation equipment [7] - New factories in Malaysia, Thailand, and Dongguan are operational, enhancing overall capacity and business layout [7] - The urban renewal project for the headquarters has been approved, with a planned construction area of 262,970 square meters, including 195,280 square meters for industrial R&D [8]