Wenzhou Yihua (SZ:002897)2022-12-03 09:08Group 1: Company Overview and Market Position - The company anticipates a prolonged coexistence with foreign competitors, as domestic manufacturers have not yet reached the same competitive level [2] - The core competitiveness of the company lies in its ability to respond quickly to customer needs [3] Group 2: Financial Performance and Projections - Q3 performance showed stable revenue but a decline in gross margin due to intense industry competition and increased R&D expenses [3] - The company expects to achieve breakeven in the next year with the establishment of new subsidiaries [3] Group 3: Industry Trends and Challenges - The automotive sector is viewed as a significant opportunity, although breaking into established market patterns remains challenging [3] - The impact of the trade war on overseas business is minimal, with European markets being the primary focus and a small share in the U.S. [3][4] Group 4: R&D and Technological Development - R&D efforts are concentrated on high-speed products for 5G and 6G, with a focus on meeting customer demands [4] - The value of connectors in a vehicle is estimated to be around 700 RMB, highlighting the extensive application scenarios in the industry [4]