Fenda Tech(SZ:002681)2022-12-07 09:31Group 1: Company Overview - The company is Shenzhen Fenda Technology Co., Ltd., with stock code 002681 and abbreviation Fenda Technology [1]. Group 2: Investor Relations Activity - The investor relations activity took place on January 29, 2015, at Fenda Technology Park [3]. - Participants included representatives from various investment firms such as Nuode Fund and Minsheng Jia Yin [2][3]. Group 3: Business Performance Insights - Oupanda's performance saw explosive growth in the second half of 2014, driven by: - The overall industry experiencing rapid growth, with a significant increase in the adoption of metal exterior components in high-end mobile devices [3][4]. - Projects developed in the second half of 2013 and the first half of 2014 reaching mass production in the latter half of 2014 [3]. - A notable shift in product structure, with higher-priced products like mid-frames gaining a larger market share [4]. Group 4: Competitive Advantages - Oupanda's unit CNC machine output value is significantly higher than the industry average due to: - Being a "Design-in" level supplier, allowing for higher profit margins and differentiation [4]. - Strong technical capabilities and a high yield rate compared to domestic peers [4]. - Enhanced labor efficiency through the modification of general equipment for specific product processing [4]. Group 5: Future Expectations - The management team is optimistic about Oupanda's performance in 2015, citing a high industry prosperity index [4]. - The acquisition of Oupanda has passed regulatory review, with preliminary groundwork for equity transfer completed [5]. Group 6: Product Growth Potential - The SOUNDBAR product is expected to be a significant growth driver in 2015, with successful shipments to Xiaomi and ongoing discussions with major domestic TV manufacturers [5]. - The sales model for SOUNDBAR primarily follows a B2B approach, focusing on partnerships with smart TV and tablet manufacturers [5].