MEIYA PICO INC.(SZ:300188)2022-12-08 05:24Group 1: Company Overview - The company is expanding its business from traditional sectors to new areas such as the judiciary and customs [3] - The company has established a big data center to support research and business development [4] - Revenue growth over the past few years has been around 30%-40% [6] Group 2: Product Development - Video evidence collection is a new product launched this year, expected to be a significant development direction [3] - The company has developed specialized equipment for video evidence collection, which includes image capture and analysis devices [5] - The company is focusing on service-oriented product transformation, which has led to changes in product structure and sales [4] Group 3: Market Expansion - The company is exploring new industries through cooperation and acquisitions to enter markets more quickly [6] - Demand from new sectors such as customs, industry and commerce, and the judiciary is increasing [4] - The company is developing simplified versions of its products for clients in the customs and judiciary sectors [6] Group 4: Competitive Landscape - Major foreign competitors include GSI and UBIC, with GSI focusing on evidence software systems and UBIC on service models [7] - The company emphasizes its unique technological advantages in video evidence collection [5] Group 5: Strategic Partnerships - The company has engaged in strategic cooperation with Quanzhou Industry and Commerce to develop new technology applications and training programs [7] - The company has conducted nearly 10 training sessions this year related to electronic evidence collection for industry and commerce [7] Group 6: Future Outlook - The company plans to increase human resource investment next year to maintain ongoing research and development capabilities [4] - The government’s increasing demand for information security products is expected to boost domestic procurement needs [8]