ConST(SZ:300445)2022-11-07 04:11Group 1: Company Overview and Market Position - The company has established a solid reputation in pressure calibration products over the past 20 years, with a strategic shift towards temperature calibration since 2017, although this has faced challenges due to market conditions and competition [2][3]. - The industrial smart sensing market is expected to grow significantly, with testing scenarios projected to surpass calibration scenarios in volume over the next few years [3][4]. - The domestic industrial market for pressure sensors and transmitters is estimated to exceed 100 billion RMB, indicating substantial growth potential [5]. Group 2: Product Development and Innovation - The company has launched numerous new calibration products in the past decade, with a focus on smart operation tools that are considered incremental products [4][5]. - The integration of digital platforms and smart operation products is expected to enhance efficiency and create value for users, with a projected tenfold increase in efficiency for high-cost testing products [8]. - The company plans to achieve a comprehensive accuracy level of 0.01 for its pressure sensors in the 400 kPa range by next year, with ongoing development in other ranges [5][6]. Group 3: Competitive Advantages and Challenges - The company’s strategy emphasizes high precision and cost-effective products, with a focus on the industrial IoT application scenarios to enhance product synergy [7][8]. - The competitive landscape is characterized by a shift from calibration to testing tools, with the company aiming to leverage its existing resources and capabilities to meet market demands [4][7]. - The company anticipates that the ongoing digital transformation and the establishment of a robust production base will significantly reduce manufacturing costs and improve operational efficiency [8]. Group 4: Future Outlook and Strategic Goals - The company is optimistic about future growth, projecting a compound annual growth rate of 17% in the coming years, driven by enhanced product iteration capabilities and market expansion [7][8]. - The focus on domestic and international markets is expected to yield positive results, particularly with the easing of pandemic restrictions and the implementation of domestic substitution policies [7]. - The company aims to maintain a long-term focus on sensor production and vertical integration to ensure sustainable profitability and market competitiveness [6][9].