DEREN(SZ:002055)2022-12-06 11:28Group 1: Business Development Overview - The company has established three main business segments: consumer electronics, automotive electronics, and vehicle networking, all progressing smoothly with a good overall operational status [1] - The home appliance business continues to grow steadily, while other consumer electronics sectors, including computers, FPC, and LED, have shown significant technological advantages, particularly with Type C products [1] - The automotive business is a strategic focus, supplying high-end brands like FAW-Volkswagen and expanding its product offerings in automotive connectors and wiring harnesses [1] Group 2: Future Business Plans - The company aims to enhance its automotive business by developing customer and product platforms, with a focus on smart and new energy vehicles [2] - The vehicle networking business will prioritize internet application services, leveraging mature technologies and operational models from its Italian subsidiary, Meta [2] - Revenue from the automotive business is expected to grow continuously over the next few years, becoming the fastest-growing segment for the company [2] Group 3: Financial and Regulatory Updates - The company’s private placement application has been approved by the China Securities Regulatory Commission, currently awaiting final approval [2] - The company is optimistic about the long-term investment value of its various business segments and plans to initiate the private placement once the approval is received [2]