KING-STRONG(SZ:300629)2023-11-29 13:52Group 1: Company Overview and Performance - Guangdong Xinjingang Technology Co., Ltd. has been focusing on the development of special application electronic information, particularly in RF microwave power amplification and filtering [2][3]. - The company reported that its revenue primarily comes from special application communication and data link sectors, with radar and electronic countermeasure fields contributing relatively less [3][4]. - The company’s gross margin has remained stable or even increased in recent years due to a diverse product range and a customized production model [4]. Group 2: Recent Developments and Acquisitions - In June 2023, the company acquired 60% of Renjian Microwave, which will enable full-band coverage of RF microwave products [3][4]. - The acquisition was completed through cash payment, with performance commitments from the original shareholders to achieve net profits of at least 17 million CNY, 22 million CNY, and 27 million CNY for the years 2023, 2024, and 2025, respectively [4]. Group 3: Product Applications and Market Position - The company’s products are utilized across various platforms, including airborne, shipborne, missile-borne, satellite, and ground equipment, with airborne products accounting for approximately 60%-70% of revenue [4]. - The company is focusing on enhancing its competitive edge in T/R component products, which are currently seen as needing improvement [3].