CORPRO(SZ:300101)2022-12-04 08:46Group 1: Company Overview and Business Model - Chengdu Zhenxin Technology Co., Ltd. focuses on the "components-terminal-system-operation" industry chain, providing products and services in satellite navigation and remote sensing [3][4] - The company has transitioned from chip sales to modules and systems, expanding its market from specialized sectors to broader fields such as communication, broadcasting, automotive, and drones [3][4] Group 2: Product Development and Innovation - The company has maintained a leading position in the domestic market for core components of Beidou navigation, with a full range of self-developed baseband and RF components [4][6] - Annual R&D investment accounts for over 10% of revenue, with approximately 190 research projects conducted each year [7] - The R&D team consists of over 400 personnel, with more than 65% holding bachelor's degrees and around 20% holding master's degrees [7] Group 3: Market Position and Future Prospects - The Beidou terminal sales experienced a decline in 2017, but improvements are expected in 2018 due to the launch of Beidou-3, which will enhance global coverage [8] - The company aims to integrate navigation, satellite communication, and various sensors into multifunctional satellite application terminals, focusing on miniaturization, low power consumption, and high reliability [8][10] - Future plans include expanding into civilian and overseas markets, leveraging the "Belt and Road" initiative [10] Group 4: Strategic Partnerships and Collaborations - The company collaborates with several prestigious universities, including the University of Electronic Science and Technology of China, Tsinghua University, and Beihang University, to enhance talent acquisition and R&D capabilities [9][10] Group 5: Legal and Operational Considerations - Recent litigation involving the controlling shareholder is not expected to impact normal operations but poses risks regarding the identification of the actual controller [7] - The company adheres to compliance and disclosure regulations, ensuring that no significant undisclosed information was leaked during investor relations activities [11]