CVTE(SZ:002841)2022-12-06 07:28Company Overview - Founded in December 2005, initially focused on TV LCD display mainboards, achieving industry leadership within three years [2] - Launched the self-owned brand "seewo" for interactive smart panels in education in 2009 [2] - Diversified into related fields in 2013 [2] - In 2016, shipped over 60 million LCD display mainboards, with a cumulative shipment of 216 million units [3] Workforce and Structure - Employee count exceeds 2,000, with an average age of approximately 28 years [2] - Over 60% of employees are in research and development [2] Main Business Segments - LCD Display Mainboards: Comprehensive product system with significant market coverage [3] - Interactive Smart Panels: Established presence in the education sector with 26 offices nationwide [3] Financial Performance - Q1 2017 revenue growth was approximately 11.5%, lower than the previous year due to rising raw material costs and a 4% decline in global TV shipments [4][3] - The company experienced a slowdown in growth compared to the previous year's strong performance [4] Product Development and Innovation - Internal development model encourages employee innovation, leading to the creation of profitable sub-companies [4] - A team developed Bluetooth and Wi-Fi speakers, generating over 46 million in revenue [4] Market Expansion - Exploring new business avenues in the white goods sector, which has a market capacity several times larger than that of TVs [5] - The interactive smart panel MAXHUB aims to enhance meeting efficiency through improved communication tools [5] Market Trends and Projections - The interactive smart panel market in China is expected to grow by approximately 36% in 2017, with the company targeting to outperform the industry average [6] - The pricing strategy for MAXHUB will adapt based on market demand and customer segmentation [6] Risk Management - The company faced cost pressures from currency depreciation and rising raw material prices in late 2016 [7] - Implemented forward exchange rate locking to mitigate foreign exchange risks, achieving positive outcomes despite some fluctuations in Q1 2017 [7]