Shanghai Guao Electronic Technology (SZ:300551)2022-12-06 05:20Market Position and Growth Drivers - The company currently does not have specific statistics on market share for its financial equipment products, such as cash verification machines and sorting machines [3] - The growth drivers include increased R&D investment and the development of medium to large financial equipment and services [3][4] Industry Trends - The typical replacement cycle for financial equipment is approximately 5 years, with cash sorting machines having a 3-year cycle [4] - The People's Bank of China has set goals for full cash sorting in bank branches by the end of 2020, which will increase demand for cash sorting machines [4] Product Impact and Market Strategy - The introduction of intelligent cash handling equipment is expected to positively impact market share and gross profit [5] - The company is expanding its service network, with plans for a national service center in Beijing and 17 first-level service centers [6] International Expansion - The company has established an office in India and plans to form a joint venture in Spain for product sales and after-sales service [6] - Participation in international exhibitions, such as the IBEX in India and CEBIT in Germany, is part of the strategy to enhance global market presence [6] Digital Currency and Competitive Landscape - The company is monitoring developments in digital currency but currently has no specific strategies in place [6] - The main customers remain banks, although some products are now being sold to the market [7]