JUFEI(SZ:300303)2022-12-04 07:18Group 1: Company Overview - The main products of Jufei Optoelectronics include backlight and lighting LED devices, primarily used in TV, automotive display systems, and lighting fields [1] - The company has a history of focusing on small-sized backlight products and is now expanding into lighting and international markets [1][2] Group 2: Development Strategy - Jufei aims to deepen its presence in the LED industry, focusing on strengthening and expanding its core backlight and lighting LED businesses while exploring new areas such as small-pitch LED, infrared LED, and automotive LED [2] - The company plans to enhance its global market share while developing integrated circuit packaging and components [2] Group 3: Internationalization and Market Expansion - The international sales proportion has significantly increased in the first three quarters of 2017, with major overseas clients from Taiwan, South Korea, and a few from Japan [2] - The small-pitch display LED business is progressing well, with production and sales already achieved, indicating a high market demand [2][3] Group 4: Financial Performance - The profit growth in Q3 2017 was slower than revenue growth due to high profits in the same period last year and increased expenses in market development, R&D, and personnel training [3] - The company is prioritizing market share expansion over immediate profit, aiming to capture market opportunities quickly [3] Group 5: Competitive Advantages - Jufei emphasizes technological innovation in R&D, continuous improvement in production, and strategic planning to enhance internal management and product quality [3] - The company maintains a stable operational style, avoiding blind capacity expansion while increasing market share in existing businesses and developing new ones [3][4] Group 6: Future Plans - Jufei plans to expand its IC integrated circuit business gradually, considering mergers and acquisitions if suitable high-end resources are available [4] - The company aims to become a respected world-class enterprise in the LED industry, focusing on sustainable growth and market leadership [4]