BDStar Navigation(SZ:002151)2022-12-07 09:42Group 1: Automotive Electronics Business - The automotive electronics sector is a significant area for navigation development, with an average annual growth rate exceeding 25% in recent years [3] - The company's automotive electronics business consists of approximately 40% from aftermarket, 40% from original equipment manufacturer (OEM), and a portion from exports [3] - Business growth is heavily influenced by policies related to the BeiDou system and market promotion efforts [3] Group 2: High-Precision Products - High-precision products are primarily applied in surveying, intelligent driving tests, monitoring, and mechanical control [3] - The revenue from high-precision business is growing at an annual rate of around 15%, with potential for more applications as product prices decrease [3] Group 3: Defense Business - Defense-related business accounts for about 20% of the company's main operations, with some fluctuations [3] - This sector is a key focus for the company and serves as a foundation for technological advancement [3] Group 4: Recent Acquisitions - Recent acquisitions are aimed at enhancing the company's competitiveness in the upstream BeiDou product market [3] - The acquired companies, Huaxin Antenna and Jiali Electronics, hold significant market shares in high-precision and low-precision navigation antennas, respectively [3] - Successful acquisitions are expected to drive rapid revenue growth for the company [3]