SEA STAR(SZ:002137)2022-12-07 09:34Group 1: Company Overview - Shiyida Technology Co., Ltd. was established in 1998 and listed on the Shenzhen Stock Exchange in 2007, becoming the first listed company in the domestic Electronic Manufacturing Services (EMS) industry [1] - The company transitioned from a single EMS business model to a dual model of "EMS + own brand" starting in 2009, with a focus on LED lighting as a key diversification direction [1] - In 2013, due to market changes, the company adjusted its strategy to gradually reduce EMS business and focus on cultivating LED lighting as a value growth point [1] Group 2: Future Strategy and Market Outlook - The LED industry is expected to undergo rapid consolidation, with companies lacking core competitiveness or business models likely to be eliminated [2] - The company's future strategy will center around the development of the LED lighting business, implementing innovative paths based on specific business models and strategies [2] - The company plans to leverage capital to enhance its industrial platform and utilize online sales as a breakthrough, improving efficiency by eliminating redundant links in the supply chain [2] Group 3: Mergers and Acquisitions - The initial scale of the company's merger fund is capped at 40 million RMB, with potential for a second phase based on strategic implementation and funding conditions [2] - Negotiations for suitable acquisition targets have already begun, with a clear scope defined for potential acquisitions aligned with the company's strategic planning [2] Group 4: Employee Incentives - The company's equity incentive plan is contingent on achieving specific performance metrics, primarily focusing on revenue and net profit, which are considered challenging [3] - The incentive plan aims to ensure fair assessment for core talents who have been with the company through various challenges, fostering a culture of shared growth [3]