On October 15, 2024, CVTE participated in the 136th China Import and Export Fair (referred to as the "Canton Fair"), displaying display components, computing power equipment, intelligent hardware, household appliances, household energy storage, education, etc. Nine major solutions, including digitalization, immersive conferences, and smart display in business scenarios, embody the technical capabilities and innovative achievements of CVTE's overseas products. In addition, during the Canton Fair, CVTE also introduced for the first time the details of its intelligent manufacturing base, which cost nearly 2 billion yuan to build and is mainly for overseas markets. After the base is fully put into operation, the annual production capacity of the parts workshop will exceed 10 million pieces.
AI large models help interactive smart tablets open overseas markets
CVTE is a technology company with display, control, connection and interactive technologies as its core. It serves the digital transformation of thousands of industries through various intelligent terminal products. As CVTE's pioneer in overseas markets, its educational digital solutions and immersive conference solutions with interactive smart tablets as the core have gained popularity in overseas markets. Public data shows that related products have been expanded to more than 140 countries and cooperated with more than 100 brands. Customers form stable cooperation.
"With the application of artificial intelligence technology, our display interactive products have been further upgraded. Their functions have gone far beyond an information exchange tool and can make our products run smoother and more efficiently." Yang Ming, Chief Technology Officer of Yuan Shares, said.
With the support of large artificial intelligence models, educational digital solutions can automatically assist teachers in generating courseware, correcting homework, and conducting classroom teaching analysis, greatly improving teaching efficiency. In emerging markets such as the Middle East and Southeast Asia, local governments and industry organizations particularly value the application capabilities of artificial intelligence-related technologies.
As the first large-scale model released by CVTE, the seewo teaching large-scale model has one of its core capabilities, the classroom capture system, which is highly favored by users in overseas markets. Zhou Lili, Vice Chairman of CVTE’s Overseas Business Group, said: “Take the cooperation with Indonesia’s Polytechnic Jakarta (PNJ) as an example. PNJ, as a leading vocational education institution in Indonesia, has long relied on traditional teaching methods, especially in the face of distance education. Challenge, by introducing interactive smart tablets and classroom capture systems, PNJ has achieved a balance between classroom and distance education, significantly improving teaching efficiency.”
This cooperation not only promotes the development of local higher vocational education in Indonesia, but also sets a new benchmark for digital education in the “Belt and Road” countries. The Deputy Minister of Communications of Indonesia said bluntly at the establishment ceremony of CVTE Indonesia Branch: "We hope to use CVTE's experience in China to help Indonesia accelerate the penetration of education informatization."
In terms of immersive conference solutions, the MAXHUB leading interactive smart conference tablet is equipped with the MAXHUB leading smart conference large model, which can realize functions such as initiating pre-meeting remote meetings, real-time recording during the meeting, rapid refining of post-meeting minutes, and intelligent generation of to-do content. Make meetings more efficient and convenient. Previously, CVTE cooperated with the Spanish Serie A football club Real Espanyol and became its official supplier of interactive display equipment, covering all-scenario applications from event preparation rooms, conference rooms, to press conferences. Through our The product allows the club's coaching team to better conduct coaching guidance and game strategy analysis, while also improving the club's operational efficiency in business and administration. This is another successful example of CVTE going global and using technology to assist customers in the sports industry in their digital transformation.
Obtained overseas orders within one year of mass production, and people’s livelihood has broad prospects for overseas expansion
In recent years, CVTE has gradually formed a high-quality overseas product matrix, including display components, computing equipment, smart hardware, household appliances, household energy storage and other business products, which have been added to the overseas lineup to jointly support CVTE's overseas expansion. market expansion.
In terms of LCD TV main control boards, CVTE provides global customers with core components such as LCD TV main control boards that meet TV standards in various regions around the world, as well as the entire machine R&D and design, supply chain integration, manufacturing and quality control chain. Customized solutions for services. Currently, CVTE's global shipments of TV motherboards have exceeded 700 million units, and its global market share has exceeded 30%. World-renowned brands such as Samsung, LG, Hisense, TCL, Xiaomi, and Skyworth have maintained cooperation with CVTE.
At the same time, relying on its technical capabilities in basic fields such as algorithms, acoustics, thermal science, and radio frequency and its accumulation in device research, CVTE provides domestic and foreign home appliance customers with products such as refrigerators, air conditioners, washing machines, kitchen appliances, and small household appliances. Highly reliable and cost-effective controllers, intelligent display modules, and human-computer interaction solutions help it further improve its product innovation capabilities and enhance its overall competitiveness.
In terms of computing power, CVTE's self-developed computing power equipment solutions provide customized services and public board products covering various specifications and sizes of ATX, mATX, ITX, etc. It can also provide desktop and AIO integrated products. Computers, miniPCs, notebooks, embedded industrial computers, industrial-grade tablet computers and other complete products in various forms and industries. At present, they have been successfully used in smart education, smart manufacturing, smart transportation, smart materials, smart medical and other industry scenarios, providing "smart brains" for "pan-industrial control".
“In addition to this, we continue to incubate businesses in different directions. Businesses such as smart hardware, household appliances, and household energy storage exhibited this time have performed brilliantly in overseas markets. Together with our main business, we have driven CVTE The company's overseas revenue continues to increase," said Lin Yusheng, chairman of CVTE's household appliances, computing power and power electronics business groups.
For example: CVTE will start laying out commercial cleaning robots in 2020, and the first C3 small commercial cleaning robot will be mass-produced and delivered in China in 2023. Wang Qifeng, President of CVTE's Living Appliances Business Group, introduced the robot's overseas experience: "It only took one year for this robot to go from domestic mass production to opening overseas markets. So far, the product has been well received by many companies from Japan, Europe, etc." The testing and certification of national customers has completed the delivery of the first batch of orders from Japanese customers in September. "In addition, the clothing care machine developed by CVTE has been sold to Vietnam, Malaysia and other countries, and has been widely praised by users. In the exhibition hall of CVTE at the Canton Fair, many overseas customers watched and experienced the intelligent experience brought by products such as cleaning robots and intelligent power stations.
Finally, in terms of smart display solutions for commercial scenarios, CVTE has been deeply involved in domestic and overseas markets for more than 30 years through continuous technological innovation in LED products. Its business covers 140 countries and regions, providing services to industries such as finance, sports, film and television, and transportation. It has created more than 30,000 application cases; at the same time, it continues to adhere to the concepts of intelligence and greenness in LED technology research and development. CVTE has also obtained the first first-level energy efficiency certification in the domestic LED all-in-one machine industry, providing green guarantee for exploring more markets. In addition, in the field of commercial display LCD, CVTE has developed a new generation of traffic-draining artifacts - desktop electronic desktop screens and other products, as well as the "Store Signage Cloud" SaaS service system, which is assisting the digital upgrade of global retail formats and has currently served 100,000 customers worldwide. Brand stores provide integrated software and hardware solutions.
Increase investment in technological innovation and comprehensively build service capabilities for overseas business
Zhou Lili, vice chairman of CVTE's overseas business group, said: "In the first half of 2024, the company achieved operating income of 10.120 billion yuan, a year-on-year increase of 21.38%; of which, overseas business achieved revenue of 2.32 billion yuan, a year-on-year increase of over 69%." In In its global expansion, CVTE actively seizes market demands and opportunities and continues to strengthen its core technological competitiveness.
First of all, CVTE insists on continuous technological innovation. It will invest more than 1.4 billion yuan in research and development in 2023, accounting for 7% of the company's revenue. In terms of technology research and development, it focuses on cutting-edge technologies such as multi-modality, new generation display and interactive technology. For countries along the “Belt and Road” and emerging markets, CVTE continues to play the role of “chain master”, linking upstream and downstream partners to open up new markets for industrial development, vigorously promote high-quality development of the ultra-high-definition display industry, and high-quality overseas expansion.
Secondly, CVTE continues to strengthen its manufacturing capabilities for overseas products, further ensuring the quality of our overseas products. Duan Yu, chief strategic resources officer of CVTE, said: "The company invested 2 billion in the intelligent manufacturing base project in Guangzhou, fully leveraging the basic advantages of Guangdong Province's complete ultra-high-definition industry chain, perfect top-level design, strong scientific research strength, and rich content supply. Break through tradition manufacturing process, optimize product manufacturing quality, improve manufacturing efficiency, and better serve global customers. "After the intelligent manufacturing base is put into operation, the complete machine production workshop is expected to reduce manual labor by 30%, increase efficiency by 30% year-on-year, and increase the annual production capacity of the complete machine. More than 800,000 units. The component production workshop is equipped with 16 SMT production lines, 10 DIP lines, and 13 test packaging lines, with a designed annual production capacity of more than 10 million pieces. In addition, the factory is equipped with the highest intelligent three-dimensional warehouse in South China, which can realize real-time monitoring of inventory, real-time management of accounts, accurate material traceability, and visual cycle management.
At the Canton Fair, CVTE also presented the core equipment of its intelligent manufacturing base production line to customers. This includes AOI detection equipment that achieves high-precision 3D imaging through side cameras. This equipment is currently able to achieve a detection accuracy of 1 micron and has a strong competitive advantage internationally.
At the same time, CVTE is close to user needs and improving service quality through the construction of localized service teams. Currently, it has subsidiaries in 6 countries and has established local teams in 22 countries, creating an all-weather response mechanism that can provide better service. Respond quickly to customer needs.
As one of the largest commodity trade fairs in China, CVTE presented its nine major solutions at the Canton Fair, attracting visitors from all over the world. On the day of the launch, according to incomplete statistics, more than 50 buyers from the United States, the Netherlands, South Korea, South Africa, Egypt, Turkey, Pakistan and other countries have contacted CVTE to discuss cooperation opportunities and market prospects.
In the future, CVTE will continue to increase investment in overseas business, continuously improve the competitiveness of products and solutions through technological innovation, and continue to strengthen product manufacturing capabilities and localized service capabilities through the construction of global organizational capabilities, striving to become a global technology , a manufacturing company with leading products and services, providing high-quality products and services to more global users, allowing more people to have a successful career and a happy life.