DEREN(SZ:002055)2022-12-06 11:28Group 1: Business Overview - The company has developed three main business segments: consumer electronics, automotive electronics, and vehicle networking, all progressing smoothly with a good overall operating condition [2][3]. - The home appliance sector continues to grow steadily, while other consumer electronics areas, including computers, FPC, and LED, show clear development trends [2]. Group 2: Automotive Business Focus - The automotive segment is a strategic focus, supplying high-end brands like FAW-Volkswagen and expanding into domestic independent brands with products such as automotive connectors and wiring harnesses [3]. - Acquisitions of Italian companies Plati and Meta are aimed at supplying automotive electronic products to major brands like BOSCH and CONTINENTAL, with plans to enhance the product application range [3]. Group 3: Vehicle Networking Development - The vehicle networking business will focus on internet application services, leveraging mature product technologies and operational models from the Meta company 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: Future Plans and Investments - The company has been designated as a global supplier for PSA's new generation electric and hybrid vehicle platform, indicating plans to expand its domestic business in the automotive sector [4]. - The company's fundraising application has been approved by the China Securities Regulatory Commission, and it is awaiting formal approval to initiate the fundraising process [4].