Yonggui(SZ:300351)2022-12-06 23:50Group 1: Company Overview and Market Outlook - Zhejiang Yonggui Electric Co., Ltd. maintains a positive outlook on the rail transit industry, supported by the government's investment in the sector, particularly following the upgrade of the high-speed rail network from "four vertical and four horizontal" to "eight vertical and eight horizontal" [1]. - The demand for high-speed rail is increasing, leading to a rise in vehicle density and positively impacting company performance. The upcoming peak period for subway operations will also sustain the demand for subway connectors [1]. Group 2: Product Development and Market Strategy - The company has completed the R&D and certification for products in the rail transit sector, including hydraulic dampers, axle counters, and sensors, with some products already in small-scale production [2]. - Revenue from new energy connectors has increased compared to the previous year, with the company aiming to become a top three player domestically and a top five player internationally in the new energy vehicle sector [2]. - The company has acquired Yiteng Electronics Technology (Kunshan) Co., Ltd. to enhance production and sales of consumer electronic connectors, leveraging Yiteng's advantages in yield rates and refined management [2]. Group 3: Future Growth and Acquisition Strategy - The company plans to continue pursuing acquisitions aligned with its diversified development strategy, focusing on connectors and expanding into new application areas, as well as deepening the upstream and downstream industrial chain [2]. - Potential acquisition targets include sectors such as new energy vehicles, rail transit, and military industry [2].