SMEI(SZ:300456)2022-12-04 10:52Group 1: Company Overview and Business Segments - Beijing Saiwei Electronics Co., Ltd. has developed two main business segments: semiconductors and special electronics, focusing on MEMS and GaN as strategic areas [2][3] - The company aims to become a leading private technology enterprise with high competitive barriers [4] Group 2: MEMS Production and Revenue - The Beijing MEMS production line is nearing completion, with the main factory and supporting areas almost finished, and equipment installation underway [4][5] - The revenue contribution from the Beijing MEMS line depends on production line operation and order fulfillment, with a strong demand anticipated from downstream markets [5][6] - In 2019, MEMS business revenue increased by 3.89% year-on-year, with a gross margin of 43.08% [5][6] Group 3: Financial Performance and Market Demand - The overall impact of COVID-19 on the company's business has been minimal, with special electronics being more affected than semiconductor operations [7] - The MEMS business revenue from the biomedical sector accounts for 20-30% of total MEMS revenue, with increased demand for rapid testing and diagnostics during the pandemic [7][8] Group 4: Competitive Advantages and Market Position - The company holds a strong competitive position in the MEMS market, with advanced manufacturing technologies and a stable talent team [6][9] - Silex, a subsidiary, ranks among the top five global MEMS foundries, maintaining a leading position in the pure MEMS foundry sector [6][9] Group 5: Future Developments and Expansion Plans - The Swedish MEMS production line is expected to increase capacity by approximately 30% following upgrades, with orders anticipated to grow alongside capacity expansion [8][9] - The company is considering developing its GaN business towards an IDM model, aiming for high-performance, cost-effective solutions [9][10]