DAWEI(002213)2022-11-17 14:12Group 1: Company Overview and Business Transformation - The company, Shenzhen Dawi Innovation Technology Co., Ltd., primarily engages in the research, production, and sales of automotive retarders, but began transitioning in 2018 towards dual main businesses in information technology and automotive manufacturing, focusing on semiconductor storage chips, smart terminals, and automotive sectors [1][2]. - Future directions include focusing on enterprise-level storage products in the semiconductor storage chip sector and gradually entering the new energy vehicle and components market through partnerships and equity stakes [2][3]. Group 2: Collaborations and Partnerships - In 2021, the company won a bid to supply over 100 tire pressure monitoring systems to BYD, which have been installed in buses produced by BYD [2][3]. - The company does not have a complete vehicle collaboration with BYD but is a supplier of components, with its subsidiary Dawi Hongde procuring chassis from BYD for modifications [2][3]. Group 3: Financial and Capital Plans - The company is currently progressing with a non-public offering project initiated in May 2022, with the China Securities Regulatory Commission accepting the application in early June [3][4]. - The funds raised from the non-public offering will primarily be used to supplement working capital due to increasing operational pressures as the company scales [5][6]. Group 4: Competitive Landscape and Core Advantages - In the semiconductor storage chip sector, the company faces competition from domestic firms like Jiangbolong and Bawei, with the industry being valued at over $10 billion [3][4]. - The company aims to leverage its automotive manufacturing background to establish a foothold in the automotive supply chain, particularly in the semiconductor storage and automotive sectors [3][4]. Group 5: Product Development and Innovations - The company has recently obtained two patents related to hydraulic retarders for underground vehicles, enhancing its intellectual property portfolio [5][6]. - The tire pressure monitoring system (TPMS) project is a significant attempt to integrate automotive electronics, with the company focusing on the pre-installed market segment [7][8]. Group 6: Future Business Plans - The company plans to develop NAND Flash and DRAM products in the semiconductor storage chip sector, aiming for breakthroughs in enterprise-level storage [4][5]. - In the smart terminal sector, the company is expanding its product offerings, including Wi-Fi routers, with necessary certifications already obtained [7][8].