JSCQ(SH:688182)2024-06-13 09:52Group 1: Company Overview - Jiangsu Canqin Technology Co., Ltd. is listed under stock code 688182 and is known for its ceramic dielectric filters [1]. Group 2: Investor Relations Activities - The investor relations activities took place from June 11 to June 13, 2024, through an online meeting [2]. - Participants included Zhongyou Securities and Junzilan Capital, with the meeting hosted by Ms. Chen Chen, the Secretary of the Board [2]. Group 3: Product Applications and Technology - The company's latest ceramic dielectric filters are suitable for sub-6GHz applications, including 4G, 5G, and 5.5G networks [3]. - The company is actively tracking the development of 5.5G and 6G technologies and maintaining close interactions with clients [3]. Group 4: Technical Barriers - The electronic ceramic components industry has high entry barriers due to: - Material Barriers: Proprietary powder formulas are critical for competitive advantage, requiring extensive research and development [4]. - Process Barriers: Production processes demand significant experience and investment, making it difficult for new entrants to achieve high-quality standards [4]. - Innovation Barriers: Rapid technological advancements in downstream applications necessitate strong R&D capabilities [4][5]. Group 5: Project Progress - The "New Canqin Technology Park Project" is being developed in three phases, with the first phase completed and the second phase expected to finish in the first half of 2025 [5]. - The third phase, focusing on expanding the capacity for dielectric filters, is scheduled to commence in the second half of 2024 [5]. Group 6: Financial Performance - In 2023, the company reported total assets of CNY 2.35 billion, a 1.41% increase from the beginning of the year, and net assets of CNY 2.14 billion, up 1.42% [6]. - The company achieved operating revenue of CNY 369.89 million in 2023, a 7.16% increase year-on-year, while net profit attributable to shareholders decreased by 40.55% due to reduced government subsidies [6]. - In Q1 2024, operating revenue was CNY 81.61 million, a 5.80% decrease, but net profit attributable to shareholders increased by 43.03% [6]. Group 7: Product Development - The company has established a complete automated production line for HTCC products, achieving significant advancements in manufacturing capabilities [7]. - Various packaging products have been developed and are undergoing customer validation, with some already in small-scale production [7].