Union Optech(SZ:300691)2024-01-26 08:26Business Overview - The company's traditional strength lies in security video surveillance, contributing approximately 60% of core revenue as of June 30, 2023. New sectors such as new displays, smart driving, and artificial intelligence account for about 38% of total revenue [1] - The company offers high-end optical zoom lenses and a small number of fixed-focus lenses for security video monitoring, tailored to customer needs [1] Cost Control and Production - Cost control is a key management focus, achieved through: 1. Lean production and automation to enhance efficiency and reduce costs [2] 2. Utilizing scale advantages and supply chain integration to lower procurement costs [2] 3. Adjusting product structure to focus on core products [2] - Current production capacity meets order demands, with ongoing projects for new display and smart wearable products, as well as a production base in Thailand [2] International Business Development - The company emphasizes overseas business development, establishing offices in multiple locations and planning a production base in Thailand to meet international customer needs [2] - The company aims to increase the proportion of overseas business through a large customer strategy and leveraging product advantages [2] Product Development and Market Expansion - The company is a pioneer in the AR/VR hardware manufacturing sector, with integrated capabilities in component and assembly, and has established partnerships with notable AR/VR companies [2] - In the smart driving sector, the company offers products such as onboard lenses and millimeter-wave radar, with significant coverage among major automotive manufacturers [3] - The company is actively expanding its product range and market presence through continuous R&D and innovation [2] Risk Management - The company has developed a robust risk management strategy to mitigate potential impacts from trade frictions and geopolitical tensions, ensuring stable operations [4] - Establishing a subsidiary in Thailand and building a production base are part of the long-term strategy to enhance resilience against macroeconomic fluctuations and international trade adjustments [4]