Recently, China Zhongji Investment completed a targeted investment in Zhejiang Dali Technology Co., Ltd. (hereinafter referred to as "Dali Technology," stock code: 002214.SZ). Dali Technology is one of the few military-civilian integrated enterprises in the infrared technology industry with complete intellectual property rights, possessing a complete industrial chain for the research, development, and production of core thermal imaging devices, core components, and complete systems. It is also one of the largest and strongest domestic manufacturers of civilian infrared thermal imagers.
Dali Technology, formerly the Zhejiang Testing Technology Research Institute established in 1984, completed its restructuring in 2001 and was listed on the Shenzhen Stock Exchange in February 2008. Relying on its research institute background, Dali Technology has completed two phases of the "Major National Science and Technology Projects for Core Electronic Devices, High-End General-Purpose Chips and Basic Software Products". Note The project achieved completely independent and controllable production of uncooled infrared focal plane detectors. Currently, only a few countries internationally, including the United States, France, Israel, and China, possess the core technology for uncooled infrared detectors. The company also received continued support for the "14th Five-Year Plan" Major National Science and Technology Projects. In August 2019, the company successfully developed a 6-megapixel, 3072×2048/12 μm infrared detector, currently the highest-pixel infrared detector, further consolidating its leading technological position. The company also has strong competitive advantages in core technologies such as optical systems, subsequent circuit design, and data processing.
Dali Technology's main business covers three major areas: infrared thermal imaging chips, infrared thermal imagers and other optoelectronic systems, and patrol robots. Products are mainly used in epidemic prevention, national defense, power, petrochemicals, security, and scientific research industries. A global marketing network has been established, and combined with industry big data, targeted solutions can be provided to customers in various industries.
In the military sector, infrared guidance is becoming increasingly common in precision strike weapons such as missiles, and the company's related deployments have entered the harvest period. At the same time, the company is actively expanding another "bottleneck" technology—optoelectronic products—and will thus enter the core subsystem field of military aircraft.
In the civilian sector, the company's infrared equipment has considerable potential. With the maturity of technology and the expansion of consumer scenarios, the company is actively promoting development in key areas such as household tools, night vision assistance, intelligent driving, and personal consumption. While epidemic prevention products may experience some fluctuations, with the increasing public awareness of infrared equipment, new industries such as the health and elderly care industries have put forward clear new demands for infrared human body temperature measurement, so the demand for epidemic prevention products will continue to exist. In addition, several types of patrol robots developed by the company have been successfully bid for in the State Grid Corporation's robot bidding and procurement several times, and have now successfully expanded the application of patrol robots in rail transit and IDC data centers. With the resumption of domestic procurement, related businesses will resume rapid growth.
Wu Fushun, Partner and Managing Director of China Zhongji Investment, stated that infrared technology has been a "bottleneck" technology in the past, but with the breakthrough of domestic infrared technology, the process of domestic substitution has begun, bringing about cost reductions and opening up broader market space for infrared technology. As one of the leading enterprises in infrared technology, Dali Technology possesses first-mover and technological advantages. Simultaneously, the company adheres to the strategy of developing both civilian and military markets simultaneously, with broad prospects for future development, providing strong support for its future growth. This investment is expected to yield good returns for investors.
Note: The Major National Science and Technology Projects for Core Electronic Devices, High-End General-Purpose Chips and Basic Software Products.
