GoerTek(SZ:002241)2022-12-08 09:31Group 1: Company Overview - The company has established a unique competitive advantage through years of development and participation in high-level international competition, identifying numerous growth opportunities [3] - The company aims to expand into four strategic directions: Big Audio, sensors, wearables, and precision manufacturing, focusing on both organic and external growth [3] Group 2: Research and Development - The company has over 8,000 technical personnel, with R&D investment accounting for over 4% of revenue, and plans to increase this investment further [5] - The company has established R&D centers in multiple locations, including the US, Taiwan, Beijing, Qingdao, and Shanghai, transitioning some subsidiaries from sales to R&D and sales roles [5] Group 3: Market Position and Orders - The company is a world leader in MEMS microphone technology and is expanding into other MEMS sensor markets, with significant growth potential predicted by Yole [4] - The company has optimized its customer structure, reducing reliance on single customers and products, with a diverse mix of American, Japanese, and domestic clients [4] Group 4: Acquisitions and Future Prospects - The acquisition of Dynaudio is in the delivery process, with an expected revenue of approximately 300 million RMB this year, enhancing the company's capabilities in home and automotive audio [5] - The company sees significant opportunities in the smart audio market, driven by innovations in Bluetooth and WiFi connectivity, positioning itself as a key player in smart home integration [6] Group 5: Talent Management - The company emphasizes the importance of human resources as a core competitive asset, utilizing stock incentives and other methods to attract and retain talent [7] - The management's approach to the Dynaudio acquisition reflects a strategy to align the interests of owners and operators, ensuring talent retention [7]