YINGHE TECHNOLOGY(SZ:300457)2022-12-06 09:48Group 1: Company Overview - Shenzhen Yinghe Technology Co., Ltd. was established in 2006, focusing on the R&D, design, manufacturing, sales, and service of lithium battery automation production equipment [2] - The company has developed a comprehensive product line including automatic slurry systems, coating machines, rolling machines, cutting machines, and assembly lines, positioning itself as a one-stop service provider in the lithium battery manufacturing industry [2] Group 2: Operational Insights - The company has achieved a significant market presence, with major clients such as Watma, Guoxuan High-Tech, and others accounting for over 80% of its customer base, indicating increased customer loyalty and a shift from single machine purchases to complete line procurement [4] - Delivery timelines are approximately 2 months for single machines and 4-6 months for complete line equipment, with a testing period of 1-2 months [4] Group 3: Financial Performance - The company has seen an improvement in gross profit margins this year, with expectations for further increases as standardization in production rises, which will lower procurement and manufacturing costs [4] - The payment structure typically follows a 30%-30%-30%-10% model, with 30% paid as a deposit, 30% upon delivery, 30% upon acceptance, and the remaining 10% held as a warranty [4] Group 4: Market Position and Trends - The market share between imported and domestic equipment is approximately 50% each, with increasing support from the government for the lithium battery sector, leading to significant growth opportunities [4] - The acquisition of Yacon, a company with nearly 200 independent intellectual properties, is expected to enhance Yinghe's technological capabilities and market position [4]