StarNeto(SZ:002829)2022-11-21 16:20Group 1: Company Overview - The company focuses on "inertial technology-centered, leading the development of intelligent unmanned equipment," forming three business segments: information perception, satellite communication, and unmanned systems [2]. - Information perception includes radar, optoelectronics, and integrated navigation; satellite communication covers vehicle-mounted, ship-mounted, and portable workstations; unmanned systems consist of drones and unmanned vehicles [2]. Group 2: Financial and Investment Insights - The termination of the equity transfer agreement with Tongfang Investment was due to the inability to sign a formal agreement within the stipulated time [3]. - The company plans to develop financing strategies as needed, following the termination of the private placement [3]. Group 3: Project Developments - The unmanned vehicle project has achieved significant results, winning first place in a military competition and forming a strategic partnership with China Shipbuilding Industry Corporation [3]. - The unmanned ship project has completed prototype development and is preparing for upcoming bids [3]. Group 4: Revenue and Growth Projections - The company expects a revenue growth of over 30% for drone sales this year, focusing on high-end drone series to enhance profitability [3]. - The company provided approximately 3,000 inertial navigation products to Baidu and Meituan, with prices ranging from tens of thousands to thousands of yuan, but stable profit margins are yet to be established [3]. Group 5: Research and Development - R&D expenses account for 13.11% of annual revenue, with expectations of a decrease in this ratio as products mature [4]. - The company holds over 300 patents and has received multiple awards for technological advancements [5]. Group 6: Market Position and Future Outlook - The company believes its current stock price is unsatisfactory and aims to enhance its core competitiveness to achieve a market value that reflects its performance [5].