Shenzhen Etmade Automatic Equipment (SZ:300812)2022-12-03 08:42Company Overview - Shenzhen Yitian Automation Equipment Co., Ltd. has been established since 2007, focusing on the development and production of assembly equipment for flat panel displays, particularly in the field of polarizer attachment [3] - The company has achieved significant orders for 65-inch large-size polarizer attachment equipment, successfully replacing imports [3] Market and Competition - The domestic module assembly equipment industry is experiencing intensified competition, driven by national policies supporting import substitution and smart equipment manufacturing [3] - In 2019, the top five customers accounted for 57.63% of the company's sales, indicating a stable customer structure [4] Impact of COVID-19 - In Q1 2020, the company faced delays in operations due to the COVID-19 pandemic, affecting both the company and its supply chain [3] - By Q2 and Q3, the company accelerated cooperation with existing clients and expanded its customer base to ensure steady growth [3] Future Development Plans - The company plans to enhance its R&D and marketing efforts to improve its production capabilities in small and medium-sized LCD and OLED assembly equipment [6] - There is a focus on developing large-size flat panel display assembly equipment for television lines and increasing investment in semiconductor equipment [6] Subsidiary Information - Shenzhen Micro Group Semiconductor Technology Co., Ltd., a subsidiary established in October 2017, focuses on semiconductor packaging and assembly, filling a gap in domestic equipment [5] - The company has successfully launched Mini LED repair equipment in 2020, targeting the growing Mini LED market [5] Investment and Expansion - Current fundraising projects are progressing as planned, with significant construction milestones achieved, such as the completion of factory buildings for LCD and AMOLED automation equipment [6] - Future investments will be influenced by macroeconomic policies, market demand, and the company's capacity [6]