Fenda Tech(SZ:002681)2022-12-08 01:14Group 1: Company Overview and Activities - Shenzhen Fenda Technology Co., Ltd. is primarily engaged in consumer electronics and is exploring entry into the health industry through various strategies [4][6]. - The company has initiated small-scale production of medical-grade wearable products customized for Philips [7]. - Fenda Technology is collaborating with research institutions to advance its mobile healthcare initiatives [4]. Group 2: Market Trends and Product Development - The company is optimistic about the future of virtual reality (VR) technology, despite current market skepticism [5]. - Fenda Technology is actively involved in the research and development of AR and VR products through its subsidiary, Autu Technology [5]. - The smart wearable product market is expected to expand, with new product forms such as smart glasses and smart mirrors being developed [7]. Group 3: Financial Performance and Market Position - The hair care appliance segment is a strong cash flow business for the company, with an expected annual compound growth rate in the double digits [8]. - The total market value for metal exterior components in the smartphone industry is projected to exceed 100 billion RMB, presenting significant growth opportunities [9]. - If Autu Technology achieves a 10% market share in the metal exterior component market, annual sales could surpass 10 billion RMB [9]. Group 4: Strategic Partnerships and Future Plans - Fenda Technology operates under an ODM model in its partnership with Huawei for smart wearable products [7]. - The company is considering collaborations with suitable internet companies for the aftermarket of its smart wearable products [8]. - Future production and manufacturing will gradually relocate to optimize asset utilization and operational efficiency [6].