Watertek(300324)2022-12-08 03:02Group 1: Business Overview - The company operates in embedded systems testing products and technical services, embedded information security products, embedded industry intelligent mobile terminals, and embedded system development and products [2]. - The military business strategy includes transitioning from serving industrial sectors to direct users, focusing on battlefield communication and control under extreme conditions, and enhancing equipment availability through information technology [3][4]. Group 2: Information Security Development - The embedded information security development strategy emphasizes lifecycle security, with a focus on autonomous, secure, and controllable embedded hardware and software certification [3][4]. - The company has extensive experience in embedded software testing and control, supporting major projects and understanding information security deeply [4]. Group 3: Acquisition Strategy - The acquisition of Xi'an Xigu is driven by national policies supporting private capital in defense technology, aiming to enhance service capabilities in the military sector [5][6]. - Xi'an Xigu specializes in testing and reliability assurance for military electronic components, positioning the company as a leader in this field post-acquisition [5][6]. Group 4: Tax Control Business - The company is expanding its tax control business by leveraging internet thinking to provide value-added services, focusing on comprehensive consulting services based on customer needs [7][9]. - The introduction of a new type of tax control device priced at 490 yuan aims to enhance real-time data transmission capabilities [8]. Group 5: Market Opportunities and Challenges - The recent announcement of an upgraded electronic invoice system by the State Administration of Taxation is seen as an opportunity for market expansion rather than a threat to the company's tax control business [7]. - Increased investment in tax control services has led to significant cost increases, particularly in personnel and service network expansion [9].