CORPRO(SZ:300101)2022-12-08 08:52Group 1: Company Overview and Activities - Chengdu Zhenxin Technology Co., Ltd. is actively involved in high-end component development and has plans to expand into the civilian market [2][3]. - The company has invested CNY 3 million to establish Beijing Hanno Semiconductor Co., Ltd. for the development of high-performance coaxial cable broadband access chips [3][4]. - The company has seen a gradual recovery in revenue due to technological transformation and government support for information technology and defense [4]. Group 2: Market Position and Competition - The company holds a significant market share in the first generation of Beidou satellite systems, but its share has decreased in the second generation due to increased competition, with approximately 1,100 companies now involved in the Beidou sector [5][6]. - Despite the increase in competitors, the company has maintained or even increased its share in core business areas and major clients [5]. Group 3: Product Development and Revenue Sources - New Orange Beidou's products are nearing market readiness, with revenue expected from hardware sales and ongoing service fees, particularly in tourist areas [6]. - The company plans to launch a Beidou smartphone that retains the advantages of its handheld devices, such as short message communication and high positioning accuracy, targeting specific user groups [6][7]. Group 4: Financial Performance and Future Outlook - The gross margin for the Chengdu Tianwang security monitoring project has significantly increased due to the BOT model, which involves substantial initial investment and gradual revenue recovery [6]. - The company anticipates that the Beidou global system will be established by 2020, which is expected to enhance technical indicators and expand the market [4].