TECH-LONG(SZ:002209)2022-12-08 08:02Group 1: Company Overview - Guangzhou Dayilong Packaging Machinery Co., Ltd. has 5 wholly-owned subsidiaries engaged in processing business, including locations in Shenzhen, Dongguan, Xinjiang, Hefei, and Tianjin [2] - The company has a joint venture, Guangzhou Huaxin Da Investment Management Co., Ltd., primarily providing processing services for China Resources C'est Bon [2] Group 2: Competitors - The company primarily competes in the mid-to-high-end product market, facing competition from foreign companies such as Krones and KHS from Germany [2] Group 3: Processing Business Model - The processing business has two main revenue models: 1. Charge processing fees based on production volume, where clients pay according to the amount produced 2. Fixed investment return model, where clients pay a fixed processing fee annually based on the investment amount [3] - The investment recovery period for the processing fee model is approximately 3-7 years, while the fixed investment model typically has a recovery period of around 5 years [3] Group 4: Equipment and Manufacturing - A small portion of components, such as controllers and valves, are imported; however, most parts are sourced domestically or manufactured in-house [3] - The company focuses on industrial sorting robots, with products including intelligent packing machines, intelligent boxing machines, and intelligent feeding machines, applicable in food, beverage, and industrial electronics packaging [3]