SMEI(SZ:300456)2022-12-04 10:48Group 1: Company Overview - Beijing Saiwei Electronics Co., Ltd. has developed two main business segments: semiconductors and special electronics, focusing on MEMS and GaN in the semiconductor sector [1][2] - The company aims to become a leading private technology enterprise with high competitive barriers [2] Group 2: Impact of COVID-19 - The Beijing MEMS production line faced delays due to COVID-19, but construction is nearing completion, with production capacity expected to reach 10,000 pieces per month by Q3 2020 [2] - The Swedish subsidiary Silex has maintained normal operations and achieved record performance in April and May 2020, despite the pandemic [3] Group 3: Production Capacity and Upgrades - Silex's production capacity is expected to increase by 20-30% following upgrades, with the project completion anticipated within the year [3][4] - The Beijing MEMS line will enable the company to handle larger orders in industrial and consumer electronics, complementing Silex's capabilities [4] Group 4: Market Position and Clientele - Silex's clients include major players in various sectors, such as biomedical, communications, and industrial science, with a strong focus on MEMS technology [4][5] - The company has established a competitive advantage in the MEMS foundry market, benefiting from close collaboration with industry leaders throughout the production process [5] Group 5: Financial Performance - MEMS business revenue and profit contributions exceeded 70% in 2019 and over 90% in Q1 2020, prompting a name change to better reflect the company's core operations [6] - The company's investment in semiconductor industry funds has shown excellent performance, expected to provide returns in the near future [6]