Intretech(SZ:002925)2022-12-03 09:11Group 1: Company Overview and Operations - Xiamen Yingqu Technology Co., Ltd. has established a unique UDM business model, technological R&D advantages, and smart manufacturing capabilities, which contribute to its reputation in the international smart manufacturing sector [1][2]. - The company has a strong focus on long-term partnerships with clients, providing comprehensive R&D, production, and manufacturing services to create high value [5][6]. Group 2: Product Development and Market Strategy - The company’s core mission is "Yingqu, making life full of fun," with products categorized into smart control components and innovative consumer electronics [2][3]. - The product development cycle varies by industry, with consumer electronics having a shorter cycle compared to food products, which require extensive validation [2][3]. Group 3: Financial Performance and Cost Structure - The overall growth of other business segments, excluding e-cigarettes, is approximately 30%, with specific products like water cooling control systems and home engraving machines experiencing a 40% increase [3][4]. - Material costs account for over 80% of total costs, while labor and manufacturing expenses make up about 20% [4][5]. Group 4: Supply Chain and Risk Management - The company emphasizes a collaborative approach with suppliers to mitigate risks and ensure a flexible and stable supply chain [3][4]. - Maintaining a dynamic balance across all supply chain processes is crucial to avoid bottlenecks that could impact downstream operations [3][4]. Group 5: R&D and Innovation - The company has nearly 700 R&D personnel, enabling it to assist clients in completing comprehensive designs, from circuit boards to software [6]. - Knowledge property rights are determined based on contractual agreements, with no disputes reported since the company's establishment [6]. Group 6: Future Outlook and Expansion - The company is expanding its international presence, particularly in North America and Southeast Asia, with plans to enhance manufacturing capabilities in Malaysia [5][6]. - Future investments will focus on solar energy, photovoltaic, and electric motor sectors to create synergistic effects within the industry [6].