UniTTEC(000925)2024-01-26 08:52Business Overview - The company has been a pioneer in localization and self-reliance, with new orders exceeding 2.5 billion yuan in both 2022 and 2023, ensuring a solid foundation for future performance [1] - The rail transit industry is characterized by high speed, reliability, and sustainability, maintaining a large market size [1] - The company's rail transit products are structured through underlying system construction and industry application modularization to support digital transformation [1] Semiconductor Business - Haina Semiconductor is one of the earliest manufacturers in China engaged in semiconductor and monocrystalline silicon material production, with a deep historical foundation [1] - Haina is the sole independent supplier of 8-inch polished wafers in China, with a gradually improving product structure and strong customer loyalty [1] - The company focuses on small and medium-sized semiconductor wafers, achieving leading market share in certain niche areas [1] - Through the acquisition of Japan's Matsuzaki, the company has introduced overseas technology and established overseas sales channels, laying the foundation for future business development [1] Digitalization Business - The company aims to build a digital ecosystem in specific industries under the broader digitalization trend, focusing on foundational resources like computing power and scheduling [3] - The company has a significant advantage in the digitalization of the rail transit industry, with deep layouts in spatiotemporal big data, industry collaboration, and academic partnerships [3] - The company has strong delivery and execution capabilities, forming a unique ecosystem competitiveness [3] Spatiotemporal Big Data Cloud Center - Xuandu Spatiotemporal Cloud is a national distributed elastic cloud integration grid serving the smart application paradigm of the spatiotemporal big data industry [3] - The system includes the construction of a national spatiotemporal big data resource computing infrastructure service grid, based on the research and development capabilities of the Xuandu Engineering Laboratory [3] - The company leverages national policies to address data circulation issues, integrating and optimizing data assets to enhance government governance and enterprise production efficiency [3] - Current commercial applications include Xuandu Shiqian (ecological environment), Xuandu Zhixing (comprehensive transportation), and Xuandu Hengxing (communication, navigation, and remote sensing) [3] Investor Q&A Highlights - Xuandu Spatiotemporal Cloud's initial registered capital is 10 million yuan, with no changes expected in the equity structure [4] - Haina Semiconductor has introduced lightly doped polished wafers to China but has not yet started mass production, with plans to begin production after the Pujiang base is completed [4] - Haina Semiconductor's 12-inch wafer plans are in the technical reserve phase, with the current focus on solidifying 8-inch wafer production and increasing capacity [4] - The semiconductor industry is expected to see improved demand in 2024, though a significant trend may not be visible in Q1 [4] - The company's digitalization business is expected to achieve breakeven in 2023 and profitability in 2024 [5] - The company's semiconductor business primarily focuses on monocrystalline silicon materials, with other semiconductor-related businesses handled by affiliated companies [5] - The company's participation in Xuandu Spatiotemporal Cloud mainly revolves around transportation scenarios, with potential layouts in rail transit, low-altitude economy, and vehicle networking [5] - The Qingyang data center construction is expected to accelerate between March and May due to local weather conditions [7]