GGEC(SZ:002045)2022-12-08 03:14Group 1: Company Overview - The main business of Guoguang Electric includes acoustic sound business, lithium battery business, and industrial park development [1] - The acoustic sound business (speakers, audio systems) accounts for over 90% of the company's revenue [1] - The lithium battery business includes soft-pack lithium batteries and lithium battery cathode materials, with initial production starting in early 2014 [1] Group 2: Industry Development - The electric sound industry is expected to grow due to the increasing prevalence of broadband networks and the rise of wireless products, smartphones, and tablets [2] - The trend in electric sound products is towards smaller size, multifunctionality, portability, networking, intelligence, and improved sound quality [2] Group 3: Financial Insights - The company has registered capital of 150 million yuan for the first phase of the Guoguang Intelligent Electronic Industrial Park, which covers approximately 300 acres [2] - The recent depreciation of the RMB against the USD is expected to impact the company's net profit in 2015, but long-term depreciation may benefit export businesses [2] - The company has been actively managing foreign exchange risks by purchasing forward foreign exchange contracts [2] Group 4: Material Costs and Supply Chain - The main raw materials for the company's audio and speaker products include metals, membranes, plastics, and electronic components [2] - Current low prices of oil and steel are favorable for the industry [2]