SUNWAY COMM(SZ:300136)2022-12-04 10:14Group 1: 5G Technology and Antenna Business - The company has significantly increased its R&D investment in 5G technology, focusing on antennas, RF front-end devices, and RF materials, anticipating a broad market demand in these areas [3][4] - With the advent of 5G, the number and value of antennas are expected to rise. The company provides various antennas using LDS technology and LCP/MPI substrates, expecting continued demand from Android clients [3][4] - The company aims to maintain its leading position in the antenna solutions market during the 5G era [3][4] Group 2: Strategic Planning and R&D Investment - The company has implemented a three-year rolling strategic plan across all divisions, emphasizing high R&D investment and a focus on major clients [4][6] - It has established 11 application R&D management centers and 5 frontier R&D centers globally, achieving significant breakthroughs in RF materials technology [4][5] - The company plans to further increase R&D investment, which currently constitutes a significant portion of its revenue, to enhance its technology-driven business model [4][5] Group 3: Wireless Charging Business - The company sees a bright future for wireless charging, highlighting its commercial value in saving internal space in devices and enhancing charging convenience [5][6] - Major clients, including North American companies and Samsung, have already adopted wireless charging solutions, with an expected increase in domestic high-end smartphone models incorporating this technology [5][6] - The company aims to expand its investment in wireless charging to secure more orders and market share in the coming years [5][6] Group 4: Automotive Sector Development - The company is actively investing in the automotive sector, focusing on products like automotive connectors, cables, and wireless charging solutions [5][6] - It has established good cooperation with major domestic automotive manufacturers, aiming to broaden its product categories in this field [6] Group 5: Financial Performance and Future Outlook - The company has maintained a gross margin exceeding 35% and a ROE above 30% over the past two years, focusing on high-margin products [6] - Future growth points are expected to come from 5G antennas, LCP/MPI products, wireless charging, EMI/EMC products, connectors, and RF front-end products [6] - The company has laid a solid foundation for future development through good talent, technology, capacity, and new product planning [6]