SKYWORTHDT(SZ:000810)2022-12-04 10:28Business Overview - In 2019, the company achieved significant growth in its main business areas, focusing on home terminal boxes, smart access devices, and various smart terminal products [1] - The company issued CNY 10.4 billion in convertible bonds to optimize its product structure and improve overall gross margin [2] Market Segments - The company has successfully penetrated four major market segments: 1. Broadcasting operators, leveraging national UHD industry plans and IP transformation [2] 2. Three major telecom operators, focusing on smart home ecosystems and various terminal products [2] 3. Domestic OTT retail market, with self-branded products and partnerships with Tencent [2] 4. Global overseas markets, including traditional Pay TV and partnerships with Google and Netflix [3] Product Strategy - The company is expanding its product lines beyond set-top boxes to include integrated terminals and a wide range of broadband access devices [3] - In 2019, the company also made sales in other business segments, such as small-sized mobile modules and automotive smart electronics [3] Management Approach - The company emphasized improving overall gross margin through industry alliances, optimized design, and intelligent manufacturing [4] - In 2020, the company plans to focus on UHD, smart technology, fiber optics, and 5G communications across four strategic areas [4][5] Impact of COVID-19 - The company implemented measures to maintain stable operations during the pandemic, including forming a leadership team for pandemic response [6] - Production activities in overseas subsidiaries were not significantly affected, and domestic operations continued without major disruptions [7] Future Outlook - The company anticipates significant growth in demand for broadband access products driven by UHD and 5G technologies [8][9] - The company is preparing for the launch of 5G-enabled products, including boxes and CPE devices, to meet future market needs [9][10] International Development - The company maintains a leading market share in the traditional Pay TV sector and has established partnerships with global players like Google and Netflix [11][12] - The overseas broadband access product segment is expected to see strong growth, contributing to future business expansion [12]