ELECSPN(SZ:002935)2023-12-22 10:37Product Overview - The company's products are divided into two main categories: time frequency products and BeiDou satellite application products [2]. - Time frequency products include frequency series products (atomic clocks, crystal devices, frequency components) and time synchronization series products (time frequency boards, modules, synchronization devices, and systems) [2]. - The BeiDou satellite application products mainly consist of BeiDou satellite watches, targeting consumer markets such as business, leisure, fashion, outdoor, and sports [2]. R&D and Production - The company has an independent R&D, trial production, and manufacturing system for atomic clocks, capable of producing fully localized atomic clock products based on customer requirements [3]. - The production process for a specific CPT atomic clock has been resolved, and small-scale supply has begun, although further improvements in low power consumption and stability are needed [3]. - R&D investment has decreased compared to the same period last year, but new products and technologies are progressing steadily [3]. Operational Performance - The company’s production capacity is generally sufficient to meet delivery demands, especially during the fourth quarter, which is typically a peak season for production and delivery [4]. - The order delivery cycle varies by product type: device products typically have a delivery cycle of about six months, while equipment products take about a year, and system-level products may exceed a year [4]. - Although there has been an increase in orders, the conversion rate from orders to contracts has been slower than expected, impacting product delivery and payment collection [4]. Market Applications and Future Directions - The company’s products are applied across various fields, including airborne, missile, satellite, naval, vehicular, and ground applications, with annual variations in product distribution based on orders and deliveries [4]. - Future development will focus on the growing demand for time frequency products in national defense equipment, emphasizing product technology innovation and cost-effective design to expand market reach and improve profitability [4].