Fuxin Technology(SH:688662)2023-11-08 10:02Group 1: Company Overview and Technology - The core technology of the company is semiconductor thermoelectric cooling, utilizing the Peltier effect for direct energy conversion, applicable in various fields such as communication, automotive, and medical devices [2] - The Micro TEC products have reached the same performance level as similar products from foreign competitors due to extensive R&D and quality management [3] Group 2: Product Development and Market Strategy - The company launched a smart wearable air conditioning product at the April trade fair, establishing its own brand and exploring new product applications [3] - Future plans include advancing in smart wearables and pet consumer products, aiming to become a leading provider of semiconductor thermoelectric solutions [3] Group 3: Financial Performance - In the first three quarters of 2023, the company reported revenue of 314 million yuan, a decrease of 26.71% compared to the previous year, attributed to global economic downturns and insufficient market demand [4] - The decline in revenue was also influenced by lower-than-expected export sales of consumer products [4] Group 4: Industry Challenges and Responses - The company is assessing the impact of U.S. sanctions on Huawei's Ascend servers, which may accelerate the domestic industrialization of Micro TEC in high-speed optical modules [4] - The production of bismuth telluride materials involves purchasing raw metals and processing them through complex preparation methods [4][5]