SUNWAY COMM(SZ:300136)2022-12-04 10:56Financial Performance - In 2019, the company achieved total revenue of ¥5,134,041,894.14, a year-on-year increase of 9.07% [3] - The total profit for 2019 was ¥1,170,639,021.17, reflecting a year-on-year growth of 3.75% [3] - The net profit attributable to shareholders was ¥1,019,890,543.35, with a year-on-year increase of 3.25% [4] - In Q1 2020, the company reported revenue of ¥1,044,523,089.09, a decrease of 4.55% compared to the previous year [4] - The net profit for Q1 2020 was ¥62,724,386.45, down 73.99% year-on-year [4] Impact of COVID-19 - The company's Q1 revenue was nearly 30% lower than the planned quarterly target due to the pandemic [4] - The production resumption time was reduced from two and a half months to one and a half months, resulting in a loss of one month of working time [4] - The gross profit margin decreased due to increased personnel costs and raw material costs [4] Research and Development - The company's R&D investment ratio increased to 8.9%, focusing on RF materials and technologies [6] - The company has established 11 application R&D management centers globally and 5 frontier R&D centers [6] - As of the end of 2019, the company had applied for 1,138 patents related to RF materials and technologies [6] Wireless Charging Business - The company provides a one-stop wireless charging solution, recognized by major clients for high performance and low cost [7] - The wireless charging product line has expanded from mobile devices to include wireless chargers and other applications [8] - The market potential for wireless charging spans various devices, including smartphones, tablets, laptops, and IoT products [8] RF Front-End Devices - The company has been developing RF front-end devices since 2016, focusing on filters as a breakthrough point [9] - Several filter products have been developed, with plans to promote them to domestic clients [9] 5G Antenna Development - The company has increased its R&D efforts in 5G technology, particularly in antennas and RF materials [9] - The company is a leading provider of antenna solutions and has already shipped products to over 90% of its clients in the mobile sector [9] BTB Connectors - The global market for BTB connectors exceeds ¥10 billion, primarily dominated by Japanese manufacturers [10] - BTB connectors require high precision processing and electromagnetic compatibility, which are the company's strengths [10] - The company began supplying BTB connectors to domestic and international clients in the second half of last year, with ongoing business growth [10]