JUFEI(SZ:300303)2022-10-28 11:25Group 1: Financial Performance - The company's overall sales structure has changed due to significant pressure on the consumer electronics market, leading to a decline in performance in Q3 2022 [1] - The comprehensive gross margin decreased by 1 percentage point due to a significant drop in product sales volume [2] Group 2: Mini LED Business - The Mini LED market is becoming increasingly competitive, with many companies actively expanding production; however, the company maintains a strong position due to long-term relationships with customers and a focus on technological innovation [2] - The company's Mini LED products are primarily used in televisions, gaming, laptops, displays, and automotive electronics, with monthly shipment volumes increasing [2] - The current penetration rate of Mini LED products is low, indicating a growing market capacity in the future [2] Group 3: Automotive LED Products - The company's automotive backlight products face higher technical challenges compared to consumer electronics, requiring stringent reliability testing due to extreme conditions [2] - The competitive landscape for automotive LED products is favorable, as the company is the only mainland brand in the global supply chain, with competitors mainly being overseas brands [3] Group 4: Expansion Plans - The company is steadily expanding production based on customer demand, with healthy cash flow and sufficient funds; the second phase of the Huizhou subsidiary's construction is expected to be completed by mid-2023 [3] - The production capacity of the Huizhou subsidiary is planned to be five times that of the Shenzhen facility, with new production lines for Mini LED and automotive products being established [3] Group 5: Future Growth Points - The main profit growth points for 2023 will come from the rapid development of new businesses, including Mini LED products, automotive LED products, and invisible light technologies [3] - The shift of fundraising projects to Shenzhen is due to the rich technical resources and better talent attraction for R&D [3]