FPT(SZ:300256)2022-12-04 09:56Company Overview - Star Technology specializes in the research and manufacturing of various window protective screens, touch display modules, and precision structural components, primarily used in mobile phones, tablets, wearable products, and VR devices [1][2]. Industry Trends and Strategic Focus - The company is actively adjusting its business strategy to enhance its presence in non-mobile product applications, focusing on opportunities presented by the 5G development [2][5]. - Approximately 60% of the revenue from the cover plate business currently comes from wearable products, indicating a strategic shift towards expanding non-mobile business [2]. Competitive Advantages - Star Technology has accumulated significant technical expertise in glass cover plate manufacturing, particularly in 3D curved glass technology, which enhances product competitiveness and attracts well-known brand clients [3][4]. - The company collaborates with major clients such as Huawei, Lenovo, Xiaomi, Apple, Tesla, and Motorola, aiming to deepen existing partnerships while exploring new market opportunities [3][4]. Response to COVID-19 - Despite the challenges posed by the COVID-19 pandemic, the company resumed operations in February 2020, implementing measures to ensure business continuity and capitalizing on increased demand in online education and medical equipment sectors [4][5]. Future Product Development - The company plans to expand its product applications into smart wearables, automotive electronics, industrial control, and medical devices, leveraging its integrated industry advantages to enhance overall profitability [5][6]. - Star Technology is also focusing on the development of automotive electronic products, including display screens for dashboards and central control systems [5][6]. Investment and Growth - The company is progressing with its investment in the Star Technology Intelligent Terminal Technology Park in Pingxiang, with the first phase of construction on schedule [6]. - Star Technology is aligning its product offerings with the transition from 4G to 5G, reducing metal component production while increasing the capacity for plastic structural components [6].