ECT(SZ:300679)2023-02-16 06:12Group 1: Automotive Connector Market Insights - The company's automotive connector revenue structure is primarily based on FAKRA products, with Ethernet connectors currently having a relatively low market share [1] - The demand for high-speed gateways and advanced driver-assistance systems (ADAS) is increasing as the automotive industry evolves, leading to a rise in the application scenarios for high-speed automotive connectors [1] - The company is expanding its overseas client base while focusing on large domestic customers, as international automotive manufacturers have higher requirements for production line design and automation [2] Group 2: Competitive Landscape - The high-frequency and high-speed automotive connector market is currently dominated by international manufacturers, with domestic companies holding a smaller market share [2] - The company aims to maintain a competitive position in the domestic high-frequency and high-speed market by enhancing its manufacturing scale and product iteration processes [2] - As the penetration rate of new energy vehicles increases, the demand for complex products in smart cabins and intelligent driving is expected to grow significantly, benefiting high-frequency and high-speed connector manufacturers [3] Group 3: Cost Structure and Product Development - The main cost component for the company's high-frequency and high-speed connectors is the wiring harness, which is predominantly imported for high-end applications [3] - The company plans to strategically develop high-voltage connectors to complement its high-frequency and high-speed offerings, thereby enhancing its supply position among manufacturers [3] - The industrial connector market is characterized by slower technological iterations and is primarily dominated by international players, but the company is positioning itself to benefit from the increasing demand for high-frequency and high-speed connections in the context of industrial interconnectivity and AI advancements [3] Group 4: Consumer Electronics Sector - The consumer electronics market, particularly in mobile devices, is stabilizing with a longer replacement cycle and cautious demand forecasts from manufacturers [4] - The company maintains a solid market share as a key supplier in the Android mobile ecosystem, although overall demand in the smartphone sector has weakened compared to previous years [4] - The demand for 5G millimeter-wave and module products is expected to grow significantly, with the company focusing on RF BTB and LCP connection products to capitalize on this trend [4]