Company Analysis: Jun Cheng Technology's Expansion in E-cigarette Industry

According to a report from Eastmoney.com on June 26th, on June 25th, Jun Cheng Technology Co., Ltd. (301106.SZ) held a institutional research meeting. The Chairman and General Manager, Ying Faxiang, and other top executives including directors, vice general managers, financial directors, and the board secretary Sun Changling, as well as the securities affairs representative, Li Ping, participated in the meeting. They answered questions raised by the research institutions and provided explanations on issues related to their e-cigarette business.

The following questions are as follows:

What is the overall situation of the company's e-cigarette business?

Answer: The e-cigarette business for the company can be integrated into the consumer electronics sector, but in this brand new application field industry, the company started to explore and enter the industry in the first half of 2023. Currently, it is still in the early stages, and the company will steadily expand its market share in the e-cigarette industry.

What is the demand for e-cigarettes in the company and how does it align with industry trends?

Answer: E-cigarettes represent a new application area for the company. Continuously exploring the application of products in new industries and expanding markets is an important part of the company's plan to increase customer development. The e-cigarette industry is undergoing a transition from rapid growth to standardization and standardization, while technological innovation and increasing market demand are also driving further development in the industry.

What are the competitive advantages and barriers to entry in the company's e-cigarette business?

Answer: The company has accumulated a wealth of market experience and product application cases in the consumer electronics field. Through mature business capabilities and high-quality product quality, the company has formed corresponding competitive advantages. For the company, this is a completely new application field, and every step forward is an advantage for the company.

Please provide a summary of the project for the annual report.

Jun Cheng Technology Co., Ltd. currently operates in four main non-consumer sectors: industrial control, automotive electronics, smart home appliances, and medical health. In addition, they also have some consumer electronics business, mainly providing support for Casio calculator products and newly entered industries such as e-cigarettes.