MeiG(SZ:002881)2022-12-03 08:46Business Overview - The company has divested its precision component business, with revenue from this segment accounting for only 0.17% in Q3 2020 [2] - The company is now focused on three main areas: wireless communication modules (including data transmission modules and smart modules), terminal products, and technology development services [2] IoT and Wireless Communication - The company's IoT business is divided into smart modules and customized data transmission modules [2] - In the 4G module sector, the company has strengthened cooperation with operators and key clients, with smart module shipments ranking among the industry leaders [2] - The company is the first in the industry to launch 5G smart modules and has a leading position in 5G millimeter-wave CPE products [4] Market Expansion - In the domestic market, the company's modules have been mass-produced for automotive front-end, rear-end, and active safety applications, with 5G products starting project development with automakers [3] - Overseas, the company is expanding its automotive market through its German subsidiary and Japanese joint venture, with smooth progress [3] - The company has been supplying FWA terminals to North American operators and plans to further expand this market [2] Strategic Initiatives - The company has been focusing on R&D capability building, with its R&D system and product capabilities leading the industry [4] - Significant investments have been made in market development and sales team building, forming a dual-drive strategy of R&D and market [4] - A joint venture was established in Hangzhou to enhance manufacturing capabilities in IoT, forming an industrial closed-loop and aiding in government and operator business development [4] - The company invested in Hongxinyu due to industry chain alignment and potential investment returns [4] Product Applications - 4G products are mainly used in mobile payment, logistics scanning, automotive, and sharing economy sectors [4] - The company has signed multiple 5G chip platform licensing agreements and is a pioneer in 5G smart module development [4]