NATIONSTAR(SZ:002449)2022-12-08 05:28Group 1: Company Overview - The company operates in the LED packaging industry, with a product structure divided into device products (including display and white light devices), component products (including display modules and backlight sources), and lighting application products [2]. - The upstream segment involves the research, production, and sales of chips by its subsidiary, with approximately 15 MOCVD devices in production and a yield rate exceeding 92% [1]. - The midstream segment focuses on LED packaging, with a current production capacity of 1,400KK per month [1]. Group 2: Strategic Development - The company's development strategy since its IPO has been to strengthen its core LED packaging business while gradually integrating upstream LED chips and downstream LED lighting products [2]. - The organizational structure was reformed in 2013 to a divisional system based on product categories, including five major divisions: RGB device division, white light device division, component division, lighting division, and electronic manufacturing division [2]. Group 3: Business Goals and Performance - The management set a sales growth target of over 20% for 2014, considering industry development trends [2]. - The recent acquisition of a patent is expected to enhance the company's intellectual property protection and maintain its technological leadership, although it will not significantly impact production operations [2]. Group 4: Market Expansion - Currently, the company has no plans to expand into e-commerce channels, taking into account the situation of distributors across the country [2].