Jinfu Technology(SZ:300128)2022-12-05 06:26Group 1: Investment Activities - In April 2014, the company acquired 97.82% of Dais Optoelectronics for cash, extending its business into LCD module (LCM) and BLU manufacturing [2] - In January 2015, the company purchased 75% of Kunshan Maizhi Testing Technology through a combination of cash and stock, expanding into electronic testing equipment manufacturing [2] - In November 2016, the company acquired 100% of Nantong Qiyun Technology for cash, entering the Internet Data Center (IDC) sector [2] - In December 2016, the company acquired 15% of Beijing Sanyun Technology for cash, entering the smart home business [3] Group 2: Business Development Directions - The Nantong Qiyun Data Center project has a total investment of 799.30 million RMB, covering an area of 53,000 square meters and will have 5,800 standard cabinets [3] - The project aims to provide data center cabinet rental services, network access services, and value-added services such as IT equipment procurement and system deployment [3] - The smart home market is expected to grow rapidly, with the company leveraging its stake in Beijing Sanyun to enhance synergies between smart home and display terminal businesses [3] Group 3: Production Capacity Expansion - The automated production line for smart display terminals will add an annual production capacity of 750,000 units, including 500,000 curved LCDs and 250,000 smart TVs [4] - The company plans to extend its existing business into complete machine manufacturing through ODM services, which will lower production costs and enhance market competitiveness [4] Group 4: Strategic Partnerships and Innovations - The company’s subsidiary, Hong Kong Heou, signed an investment agreement with CLEARINK DISPLAYS, LLC, investing 3 million USD for a 10.8% stake [4] - CLEARINK focuses on developing a new type of reflective display screen with advantages such as high brightness, low power consumption, and lower manufacturing costs [4] - The project has significant market potential, although mass production timelines remain uncertain [4] Group 5: Market Outlook - By 2020, the value generated by the "living room economy" is projected to reach 1.1 trillion RMB, driven by applications in video, gaming, e-commerce, and education [3]