SMEI(SZ:300456)2022-12-05 01:48Business Overview - Beijing Nari Technology Co., Ltd. is focusing on five main business segments: Navigation, MEMS chips, Aviation Electronics, Unmanned Systems, and Intelligent Manufacturing, with Navigation and MEMS as core areas [2][9] - The company aims to become a leading private technology enterprise with high competitive barriers through both organic growth and external acquisitions [2][9] Acquisition Strategy - The acquisition of Beijing RayHawk Century Technology Co., Ltd. was aimed at expanding into high-end military electronics, enhancing technical and market strength in military electronic information [3][9] - RayHawk Century is expected to achieve a combined net profit of no less than 55 million yuan over 2016 and 2017, with specific targets of 22 million yuan in 2016 and 33 million yuan in the first half of 2017 [3][4] Production Capacity and Utilization - Silex's production capacity utilization rates from 2014 to 2016 were 51.48%, 63.33%, and 65.61%, respectively, with a gross profit margin of 32.95% in 2016, up by 5.65% from 2015 [5][6] - The company is investing in an 8-inch MEMS production line in China to enhance capacity and meet growing market demand, with current progress including completed foundation work and ongoing recruitment [5][6] Market Position and Client Base - Silex has maintained a stable client base with 50, 44, and 46 clients in core process development from 2014 to 2016, while wafer manufacturing clients numbered 14, 17, and 16 [6][7] - The company is expanding its client base, including major global players in various sectors, and plans to leverage both domestic and international production lines for enhanced service capabilities [6][7] Strategic Focus on Civil and Military Business - The increase in civil business revenue is attributed to the significant volume of MEMS business, but the overall strategy remains balanced between military and civil sectors [8][9] - The company plans to continue its acquisition strategy, focusing on core business areas while ensuring effective management of newly acquired subsidiaries to promote business development [9]