BEETECH(SZ:300667)2023-06-21 12:08Company Overview - Beijing Bichuang Technology Co., Ltd. was founded in 1999 and has developed several business segments, primarily focusing on molecular spectroscopy, precision displacement control units, and laser detection equipment [1][2]. - Molecular spectroscopy accounts for approximately 60% of the company's business, while other segments make up 40% [1]. Market and Application - The domestic market for molecular spectroscopy is estimated to be around 30 billion RMB, with about 90% currently being imported [2]. - The company holds an estimated market share of 10% in Raman spectroscopy, with aspirations to increase it to 15%-20% [2]. - The market share for hyperspectral technology is approximately 20%-23%, with last year's orders reaching about 60 million RMB [2]. Customer Segmentation - Research clients constitute about 40% of the customer base, while industrial clients make up around 60% [1][2]. - Industrial clients provide application experience and business scale, contributing positively to cash flow [2]. Technological Advancements - The company is recognized for its core technologies in Raman, fluorescence imaging, and hyperspectral analysis, with hyperspectral technology being considered among the top tier internationally [2]. - The company is focusing on new semiconductor materials and innovative fluorescence lifetime detection systems, which are still in the research phase [3]. Strategic Planning - The overseas market is a key area for business expansion, with strategies including direct collaboration with end customers and partnerships with authorized agents [3]. - The company aims to enhance its core competitiveness through R&D, industry-academia collaboration, and investment [3]. Financial Impact - A government subsidy policy for high-end scientific research equipment introduced in September 2022 has positively impacted the company, with nearly 100 million RMB in subsidized orders [3].