Hongda Electronics(SZ:300726)2022-12-03 08:41Company Overview - Hongda Electronics is a high-tech enterprise specializing in the R&D, production, and sales of electronic components and circuit modules, with over 20 years of experience in the industry [3] - The company has more than ten advanced production lines for electronic components and circuit modules, including seven high-reliability production lines, and holds multiple core technologies and patents [3] Product Range - The product portfolio includes tantalum capacitors, multilayer ceramic capacitors, thin film capacitors, aluminum capacitors, inductors, transformers, resistors, microwave components, and power modules [3] - Revenue from products contributes over 30% to the company's total revenue, becoming a new growth driver [6] Order and Delivery Cycle - The order delivery and payment cycle is generally around 12 months, influenced by customer inspection and acceptance processes [4] - The company operates on a make-to-order basis due to the small batch and multiple batch characteristics of high-reliability electronic components [4] Subsidiary Development - Since 2014, the company has adopted an open platform development model, enhancing collaboration with domestic and international technical teams [5] - Major subsidiaries include Guantao Electronics (MLCC production) and Hongwei Electronics (power module production), both showing significant growth in recent years [5] Market Strategy - The company aims to expand its market share in high-reliability fields by leveraging existing advantages in qualifications, R&D, and marketing [6] - Future product development will focus on high-end and differentiated technologies, with an emphasis on providing comprehensive solutions rather than just individual components [7] Future Plans - The company plans to scale up production of consumer products, with the Xiangjun Electronics project set to launch mass production of consumer-grade tantalum capacitors [8] - Continued investment in 5G communication and sensor fields is anticipated to enhance market competitiveness [8]