DEREN(SZ:002055)2022-12-06 08:38Group 1: Business Overview - The company has developed three main business areas: consumer electronics, automotive electronics, and vehicle networking, all progressing smoothly with a good overall operational status [2][3]. - The automotive business is a strategic focus, supplying high-end brands like FAW-Volkswagen with automotive connectors, harnesses, and related products [2][3]. Group 2: Acquisitions and Partnerships - The acquisition of the Italian company Plati enables the supply of automotive electronic products to major clients like BOSCH and CONTINENTAL, with ongoing efforts to expand the customer base [2][3]. - The Italian company Meta provides products and services to top European automotive brands and is set to introduce new energy charging modules and vehicle networking services in the domestic market [3]. Group 3: Vehicle Networking Business - The vehicle networking business will focus on internet application services, leveraging Meta's mature product technology and operational models to promote development in the Chinese market [3]. - A joint venture with Taikang Insurance has been established to pilot vehicle networking services in multiple cities, with expectations for rapid growth in this sector [3]. Group 4: Product Development and Technology - Meta's onboard charging technology boasts a conversion efficiency exceeding 95%, with advanced technical specifications and a compact design, making it a global supplier for PSA's new generation electric and hybrid vehicle platforms [3]. - The vehicle networking products include a comprehensive product line with core driving assessment systems and accident reconstruction technology, providing integrated solutions for clients [3]. Group 5: Revenue Model - Future revenue from the vehicle networking business will increasingly rely on data services and value-added applications, in addition to hardware sales [3]. Group 6: High-Speed Rail Supply - The company has been designated as a general assembly supplier for high-speed rail projects, supplying automotive connectors, harnesses, and electronic products, with plans to introduce more product series in the future [4].