Sunshine(SZ:300227)2022-12-04 08:36Group 1: Company Overview - The company is Shenzhen Guangyun Da Optoelectronic Technology Co., Ltd. [2] - The meeting took place on December 12, 2017, at the company's conference room in Nanshan District, Shenzhen [2]. - The company secretary, Li Lu, introduced the company's basic situation, including industry status and development strategy [2]. Group 2: Business Operations - The company's LDS business is positioned as a platform, serving both antenna manufacturers and mobile phone manufacturers without limitations [3]. - Although some mobile phones do not use LDS technology, a significant portion still does, and the company will adjust based on market conditions [3]. - The LDS business is not a core focus, representing a small percentage of the overall business [3]. Group 3: Future Developments - The company is currently in the R&D phase for OLED screen detection and wireless charging, with no industrialization yet [3]. - There is a potential for the company to expand into the equipment sector in the future, but the current focus remains on application services [3]. - The company aims to introduce more standardized products to enhance scalability [3]. Group 4: Financial Performance - The company reported significant growth in its own business in the first three quarters of the year, in addition to the contributions from Jin Dong Tang [4]. - R&D investment is approximately 5% of revenue, differing from competitors like Han's Laser, which invests around 10% [4]. - The acquisition of Jin Dong Tang generated a goodwill of 100 million, with a low risk of impairment due to positive integration and stable operations [4]. Group 5: Challenges and Risks - The company faced a net profit decline in 2016 due to a significant reduction in non-recurring gains compared to 2015 [4]. - The 3D printing business is still in the project cultivation phase and has not yet achieved profitability [5]. - Dongguan Guangyun Da, positioned as a manufacturing center, reported a loss of over 7 million due to internal revenue offset [5].