银河电子(002519) - 2014年9月3日投资者关系活动记录表

Group 1: Market Trends and Company Strategy - The set-top box market is expected to maintain steady growth in the coming years, driven by the completion of digital transformation in the broadcasting industry [2][3] - The demand for hardware upgrades remains strong, as evidenced by the gradual upgrade process of set-top boxes in developed regions like Suzhou [3] - The integration of OTT (Over-The-Top) services into cable set-top boxes is anticipated to expand the OTT market significantly, benefiting all stakeholders involved [4] Group 2: Acquisition and Business Development - The acquisition of Tongzhi Electromechanical is aimed at entering the electric intelligence and military equipment sectors, leveraging advanced technology and quality resources [4][5] - The combined R&D personnel from both companies will exceed 400, enhancing collaborative development capabilities in military and civilian products [5] - The acquisition is expected to reduce investment risks in new business areas while broadening the market scope and optimizing the business structure [5] Group 3: Competitive Advantages and Sales Model - Tongzhi Electromechanical holds significant competitive advantages in the military sector due to high qualification barriers and established market presence [6] - The sales model includes direct sales to the military and supplying components to other military equipment manufacturers, adhering to strict pricing regulations set by government authorities [7] - The pricing strategy involves enterprise quotations followed by military review and approval, ensuring compliance with national pricing management guidelines [7] Group 4: Future Outlook on New Energy Vehicles - The main business of Tongzhi Electromechanical is in the military sector, with a minor focus on new energy vehicle components, which are currently limited by industry development and national policies [8] - The company believes there is significant growth potential in the new energy vehicle sector, and it may increase investments if the industry experiences rapid growth and supportive government policies emerge [8]