JUFEI(SZ:300303)2022-12-04 09:54Company Overview - The company specializes in LED products, including backlight LED devices and lighting LED devices, primarily used in mobile phones, computers, and indoor lighting [3][4]. - The company aims to strengthen its market share in backlight LED products while pursuing international expansion [3]. Financial Performance - The company reported an increase in profit margins for 2019 due to improved operational efficiency and product structure adjustments, leading to a rise in overall gross margin [3][4]. - The gross margin improvement was attributed to three main factors: lower raw material costs, enhanced operational efficiency, and increased shipment rates [4]. International Strategy - The company's international sales ratio has been steadily increasing over the past few years, indicating successful implementation of its internationalization strategy [4]. - Key overseas clients include Taiwanese, Korean, European, and some South Asian and Japanese customers [4]. Production and R&D - The company is expanding its production capacity for LED products, including backlight, automotive, and display LEDs, as well as establishing a technology R&D center [5]. - The R&D center will focus on various technologies, including Mini LED module manufacturing and Micro LED packaging [5]. Impact of Market Changes - The company anticipates limited impact from Huawei's reduced smartphone shipment forecasts due to its diverse product range and extensive global customer base [5]. - The first quarter of 2020 saw a decline in revenue, primarily due to the pandemic's impact and the sale of a previously acquired company, Livecom, which was no longer consolidated in the financial statements [5]. Investor Relations - The investor relations activity was conducted online on April 28-29, 2020, with participation from various analysts and investment firms [2].