MINDEO(SZ:300656)2022-12-04 08:22Group 1: Industry Position and Market Share - The company operates in a competitive landscape dominated by multinational corporations such as Honeywell, Datalogic, and Xunbao Technology, which hold significant market shares in barcode recognition equipment [1] - Domestic brands with algorithm development capabilities are emerging in the mid-range market, with the company positioned as part of the second tier alongside Newland [1] Group 2: Sales Performance of QR Code Products - In 2016, the sales revenue from QR code-related products accounted for 32.26% of the company's total revenue [1] - In the first half of 2017, this figure increased to 42.96%, with expectations that the annual percentage will exceed 50% [2] - Most QR code products sold are finished products, while the two-dimensional scanning engine is still in the customer testing phase, with limited sales expected this year [2] Group 3: Product Development and Market Expansion - The MP168 product was launched in the second half of 2017, focusing on payment and tax invoicing applications, with initial partnerships established with WeChat and other merchants [2] - The company is actively developing collaborations with tax control system and software developers for the MP168 product [2] Group 4: Future Development Plans - The company will continue to focus on its core business of barcode recognition equipment design, R&D, production, and sales, aiming for excellence in product quality and service [2] - Future efforts will concentrate on image processing technology and its applications in barcode recognition and industrial machine vision [2] Group 5: Investment Considerations - The company has increased its investment in Shenzhen Junan Hongtu Technology Co., Ltd., which focuses on smart mobile terminals and automation equipment, indicating a strategic alignment within the industry chain [3]