MEIYA PICO INC.(SZ:300188)2022-12-04 10:34Group 1: Company Overview - Meiya Pico's technology level is leading in the domestic market, meeting customer needs with rich and industry-leading products [1] - The company’s business model is driven by training to boost sales, focusing on customer needs [2] - The electronic data forensics industry has a high technical threshold, primarily due to customer demand and technical accumulation [1] Group 2: Market and Sales - In 2016, sales in Fujian province accounted for less than 20% of total sales, indicating a national market presence [2] - The company’s market expansion is centered around regional and industry coverage, with sales teams responsible for specific areas [2] - The electronic data forensics business grew by only a few percentage points in 2016 due to organizational changes in the procuring entities [3] Group 3: Financial Performance - The average profit and revenue growth rate from 2014 to 2016 was over 30%, with a gross margin of 60%-65% and a net profit margin around 20% [4] - The global electronic data forensics market generated $18.9 billion in sales revenue in 2016, projected to reach $43.9 billion by 2025 [4] - The company aims to maintain a growth rate of over 30% in the coming years, supported by a market that offers significant growth potential [5] Group 4: Investment and Future Prospects - The company has an investment fund, Meiya Wutong Investment Fund, focusing on the primary market around cybersecurity and big data industries [2] - The future market for electronic data forensics is expected to expand significantly, driven by urbanization and the internet [3] - The company is well-positioned to capture growth opportunities in the international market, particularly with the Belt and Road Initiative [4]