奋达科技(002681) - *ST奋达调研活动信息

Group 1: Company Performance - In the first half of 2020, the company achieved operating revenue of 149,340 million yuan, a year-on-year increase of 0.75% [3] - The net profit after deducting non-recurring gains and losses was 6,488 million yuan, a year-on-year increase of 42.64% [4] - Revenue from smart wearable products increased by 57.67%, with a gross margin improvement of 6.78 percentage points [4] Group 2: Research and Development Investment - R&D investment grew from 27.22 million yuan in 2012 to 184.55 million yuan in 2019, an increase of 577% with a compound annual growth rate of 31.41% [4] - In the first half of 2020, R&D investment was 100.35 million yuan, a year-on-year increase of 12.56%, accounting for 6.72% of operating revenue [4] Group 3: Market Position and Strategy - The company established a new technology department in 2010 and has developed into a leading provider of smart hardware and integrated solutions [5] - In 2018, the company founded an industrial research institute to unify R&D efforts and enhance collaboration among departments [5] - The company is focusing on emerging technologies such as AI, smart home, IoT, AR/VR, and electronic components for new energy vehicles [5] Group 4: Customer Relationships and Market Impact - The company has strong relationships with major clients like Yandex and WalMart, which have significantly increased order volumes [4] - Despite the impact of the COVID-19 pandemic on overseas orders, the company has adapted its market strategy to develop health-related smart wearable products [6][7] - The company anticipates continued growth in smart wearable orders due to improved domestic market conditions [7] Group 5: Stock and Market Considerations - In September 2020, approximately 29.84 million shares will be unlocked, with limited impact on the secondary market due to prior share repurchases [9][10] - The company has implemented measures to ensure compliance with regulations regarding share transfers by former executives [10]