SKYWORTHDT(SZ:000810)2022-12-04 10:30Group 1: Company Overview and Future Outlook - The company focuses on R&D in smart set-top boxes and plans to continue investing in 4K, 8K, and 5G technologies [2][3] - The global market, particularly outside China, is expected to maintain a rapid growth trend from 2018 to 2020 and beyond [3] - The partnership with Google and Netflix aims to enhance the development of Android TV boxes, which is anticipated to yield significant returns [3] Group 2: R&D Investments and Product Development - Increased R&D investment in broadband access products, including 10GPON, WiFi6, and 5GCPE, is noted [4] - The company is positioned as a global leader in optical products, especially under the 5G context, with expectations of good returns from both domestic and overseas markets [4] - New business areas include IoT smart terminal products, such as network cameras and smart displays, aligning with smart home ecosystems [4] Group 3: Automotive Sector Development - The company has initiated automotive OEM pre-installation business, focusing on professional display technology [5] - There is a growing demand for ultra-thin display technology in vehicles, with the company leveraging its advantages in ultra-high-definition displays [5] - Recognition from leading domestic automotive manufacturers is expected to enhance opportunities in the automotive smart sector over the next two to three years [5] Group 4: Market Demand and Projections - By 2022, the target for ultra-high-definition video users is set at 200 million, with significant demand for 4K set-top boxes and access network devices [6] - The estimated demand for set-top boxes in 2020 is approximately 43 million units, with smart gateways around 50 million units [7] - The global shift towards 4K ultra-high-definition is evident, with projections for 8K to emerge between 2021 and 2022 [7] Group 5: Impact of COVID-19 - The company established a pandemic response leadership team to manage risks and ensure operational continuity [6][8] - Remote working systems were implemented to maintain R&D and design activities during the pandemic [8] - Production activities in overseas subsidiaries and domestic factories resumed without significant impact on order execution and delivery [8]