CHANGHONG TECHNOLOGY(300151)2023-02-13 03:18Business Overview - Changhong Technology has been operating for 22 years, focusing on "one-stop" solutions in the medical device and consumables sector, as well as mold and OA equipment [2] - The company has successfully entered the supply chains of international and domestic industry giants, including Roche, with whom it signed a strategic cooperation agreement in 2021 [3] - Changhong Technology's vision is to become a global leader, providing world-class products to domestic clients and contributing to the improvement of Chinese manufacturing standards [3] Zhejiang Boming Sheng Industrial Park - The company established Zhejiang Boming Sheng in January 2021 to develop its medical device and consumables business, with an investment in a high-molecular medical consumables industrial park [2] - The park covers an area of 106,500 square meters, with a planned construction area of 158,000 square meters, including 7 factory buildings, 1 dormitory, and 1 R&D building [2] - Construction began in March 2021, with external infrastructure completed and internal factory decoration and supporting projects underway [2] Dinglong Weibai Business - Dinglong Weibai focuses on wafer carriers, which are used for storage, transfer, transportation, and protection of wafers during processing [3] - The wafer carrier industry has high technical, financial, and R&D barriers, with a concentrated global market dominated by a few US and Japanese companies [3] - Dinglong Weibai aims to establish a modern factory and automated intelligent production line, leveraging the strengths of both Dinglong and Changhong Technology [3] Financial and Operational Data - As of Q3 2022, Changhong Technology's R&D team consists of 263 people, accounting for 10.29% of the total workforce [3] - Mold business revenue accounts for approximately 10% of total revenue, with 52.34 million yuan in H1 2022, representing 9.21% of total revenue [3] - Traditional OA business revenue grew by 14.58% year-on-year to 316.26 million yuan, with stable domestic and overseas production [4] Future Plans - The company plans to prioritize new capacity in the Shangyu plant over the next three years, as the Shenzhen plant is currently at full capacity [4] - Changhong Technology aims to enhance its internationalization level and contribute to the "independent and controllable" strategy of the national semiconductor industry chain [3]