SCIYON(SZ:002380)2022-12-08 05:26Group 1: Company Overview and Business Strategy - The traditional business focuses on process automation, information technology, and instrumentation, primarily targeting the heavy industry sector, especially the power industry, with a market share of approximately 15% in control system products [2] - The company is actively expanding its strategic layout into the discrete industrial sector following its listing [2][3] Group 2: Automation Business and Product Development - The automation business includes products such as inverters, servo drives, robots, and HMI, with a new business unit, Koyuan Drive, operating independently in R&D, production, and sales [3] - The company acquired Hangzhou Desimai to enhance its industrial automation product line, capitalizing on a large market capacity and significant potential for import substitution [3] Group 3: Innovative Products and Market Potential - The company developed an online cleaning robot for condensers, which improves cleanliness, reduces temperature differences, and enhances heat exchange efficiency, leading to energy savings and a payback period within one year for a 600,000 KW unit [3][4] - The estimated market capacity for this product is around 5 billion yuan [4] Group 4: Smart Industrial Cloud Platform - The company has developed a "Smart Industrial Cloud Platform" that enables online monitoring and process control through products like inverters and servos, currently implemented in over 1,000 construction hoists [4] - Future applications of the platform will expand into industries such as stamping and plastic machinery, with emerging profit models from big data [4] Group 5: Financial and Operational Insights - Post-listing, the company has seen a significant increase in management and sales expenses due to extensive R&D investments and personnel recruitment [5] - The company is currently not considering stock incentive plans due to their limitations, opting instead for performance-based rewards within business units [5] - The company has been pursuing external growth through investments and acquisitions, focusing on mechatronics-related products and industries such as stamping, plastic extrusion, and metal processing [5]