CORPRO(SZ:300101)2022-12-08 09:31Group 1: Company Overview - Chengdu Zhenxin Technology Co., Ltd. is a key player in the Beidou satellite navigation application industry, having started its development in 1999 [4] - The company has developed a comprehensive capability in core chip research, terminal product development, and Beidou system construction and operation services [4] Group 2: Financial Performance - The company signed a major contract worth 320 million yuan last year, but it is currently unable to predict the revenue recognition for this contract this year [2] - The inventory increased year-on-year in Q3 due to rising costs in Beidou terminals and increased procurement for security monitoring projects [2] Group 3: Product Development and Market Position - The company has launched several key products, including the first domestically developed Beidou terminal in 2001 and various modules and chips over the years [4] - Currently, the company is focusing on high-end industry applications for its high-precision combined navigation devices and terminal products, with no plans for civilian promotion at this time [6] Group 4: Industry Competition and Market Dynamics - There are approximately four domestic companies involved in satellite communication chip development and around ten terminal manufacturers [3] - The Beidou operation service market is still in its early application stage, with fewer than ten companies holding formal operation qualifications [3] Group 5: Future Strategies and Innovations - The company plans to integrate Beidou navigation with technologies such as cloud computing and IoT to create a comprehensive application service system [7] - The company has acquired over 75% of Guoxing Company's shares, with future acquisitions dependent on the willingness of other shareholders [7]