SMEI(SZ:300456)2022-12-07 00:02Group 1: Company Overview and Business Strategy - Beijing Nawei Technology Co., Ltd. focuses on MEMS (Micro-Electro-Mechanical Systems) technology and aims to establish a domestic production line to enhance its competitive edge [2][3] - The company plans to gradually build its MEMS production capabilities in three phases, starting with low to medium complexity chips and progressing to high complexity chips [3][4] - The initial investment for the Beijing 8-inch MEMS production line is approximately 7.5 billion CNY, with a total investment of about 8.6 billion CNY expected to yield an annual capacity of 120,000 wafers [4][5] Group 2: Financial Performance and Market Position - In 2014, the global MEMS foundry market was valued at approximately 657 million USD, with the pure MEMS foundry market at around 337 million USD [6][7] - The company’s revenue for 2013, 2014, and the first eight months of 2015 was approximately 200 million CNY, 200 million CNY, and 140 million CNY respectively, with net profits of -45 million CNY, 18 million CNY, and 15 million CNY [7] - The revenue from the biomedical sector was about 50 million CNY, 54 million CNY, and 33 million CNY for the same periods, accounting for approximately 25%, 26%, and 23% of total revenue [7] Group 3: Competitive Landscape - Major competitors in the MEMS foundry market include Teledyne Dalsa, IMT, and Tronics, each with distinct market positions and revenue figures [8][9] - Teledyne Dalsa generated approximately 35 million USD in foundry revenue in 2014, ranking first in the pure MEMS foundry sector [8] - IMT, the leading pure foundry in the US, reported foundry revenue of 25 million USD in 2014, with biomedical applications being its largest revenue source at 28% [9] Group 4: Future Outlook and Industry Trends - The company recognizes the growing importance of IoT (Internet of Things) and plans to leverage its MEMS technology to capture opportunities in this sector [10][11] - The establishment of a domestic MEMS production line is expected to further enhance the company's capabilities and market presence [10] - The company aims to expand its business into aerospace electronics and MEMS manufacturing, with a strategic focus on mergers and acquisitions to strengthen its market position [12][13]