Financial Performance - The company's operating revenue for 2022 was CNY 335.69 million, representing a year-on-year increase of 32.24%[21]. - The net profit attributable to shareholders for 2022 was CNY 96.09 million, up 59.03% compared to the previous year[23]. - The net cash flow from operating activities increased by 66.40% to CNY 38.82 million in 2022[24]. - The total assets at the end of 2022 reached CNY 1,000.08 million, reflecting a 15.11% increase from the previous year[24]. - The basic earnings per share for 2022 was CNY 1.90, a 58.33% increase from CNY 1.20 in 2021[22]. - The operating profit reached CNY 102.58 million, up 59.39% compared to the previous year[33]. - The net profit after deducting non-recurring gains and losses was CNY 75.09 million, a 66.99% increase from the previous year[23]. - The comprehensive gross profit margin for 2022 was 58.20%, a decrease of 2.17% from 2021[149]. - The company reported a total revenue of 6,570 million RMB for the year, an increase from 5,657.78 million RMB in the previous year[123]. Research and Development - The company invested CNY 57.67 million in R&D, accounting for approximately 17.18% of operating revenue[36]. - R&D investment accounted for 17.18% of total revenue, a decrease of 3.93% from the previous year's 21.11%[113]. - The company applied for 35 new patents during the year, of which 33 were granted, bringing the total granted patents to 236[112]. - The company has made significant progress in developing technologies such as 5G, edge computing, and TSN, with successful projects in industrial IoT and time-sensitive networking[128]. - The company has a strong emphasis on independent research and development, with core technologies being self-developed and tailored to meet diverse customer needs[96]. Market Position and Strategy - The company has established a strong presence in various industries, including power, renewable energy, and smart manufacturing, enhancing its market position[129]. - The company aims to enhance brand recognition and industry influence by engaging in the drafting of key industry standards and collaborating with leading institutions[43]. - The company is positioned as a key player in the "industrial internet + industry" platform, facilitating collaboration with leading enterprises like China CRRC and State Grid[66]. - The company aims to become a global leader in industrial internet solutions, focusing on key industries and clients while expanding into strategic markets[198]. - The company is actively pursuing market expansion and new strategies to navigate the uncertainties of the international landscape[200]. Operational Efficiency and Challenges - The company reported a significant increase in inventory levels due to expanded operations and strategic stockpiling of key materials[139]. - The company is exposed to risks from supply chain disruptions, particularly in key materials like chips, which could impact product delivery and business expansion[136]. - The company faces risks related to core technology leakage, which could adversely affect its competitive edge and operational performance[134]. - The competitive landscape in the industrial internet sector is intensifying, with potential impacts on market share and profitability[143]. - The company is committed to improving operational efficiency through strategic supply chain management, focusing on aligning various business processes to enhance responsiveness to customer orders[49]. Innovations and Product Development - The company has launched a centralized AI application management platform that integrates the entire lifecycle of AI applications, providing a no-code development tool for users[100]. - The new edge AI application development tool, "Sanwang AIKit," allows users to build AI applications without coding, featuring a graphical interface and one-click deployment capabilities[101]. - The company has developed a centralized network configuration system that supports IEEE 802.1Qcc protocol, enhancing the management of time-sensitive networks[12]. - The company has enhanced its PTP technology with new features, significantly improving device compatibility and performance in industrial applications[11]. - The company is focusing on lightweight and structured industrial internet products to lower costs and enhance security for clients, addressing barriers for small and medium enterprises[195]. Industry Trends and Projections - The industrial internet sector is positioned for rapid development, driven by the integration of automation, digitalization, and intelligence across various industries[90]. - The market size of China's industrial internet platform and application solutions was $1.98 billion in 2021, projected to reach $5.61 billion by 2025, with a CAGR of 29.6% from 2021 to 2025[55]. - The global market size for industrial internet hardware and network products is expected to reach approximately $598.5 billion by 2025, showing a positive development outlook[55]. - The industrial internet communication industry is characterized by high technical barriers and talent density, making it essential for companies to have a strong technological foundation[64]. - The integration of manufacturing and information technology through industrial internet is anticipated to unlock substantial economic potential[198]. Corporate Governance and Compliance - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm[5]. - The company has no non-operating fund occupation by controlling shareholders or related parties[9]. - The company has no violations of decision-making procedures regarding external guarantees[9]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[5]. - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors[8].

证券代码：688618 证券简称：三旺通信 公告编号：2023-018 http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 3 月 31 日(星期五) 至 4 月 7 日(星期五)16:00 前登录上证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 688618public@3onedata.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 深圳市三旺通信股份有限公司（以下简称"公司"）已于 2023 年 3 月 29 日在上 海证券交易所网站（www.sse.com.cn）披露了公司 2022 年年度报告。为便于广大投资 者更全面深入地了解公司 2022 年度经营成果、财务状况及利润分配情况，公司计划于 2023 年 4 月 10 日（星期一）下午 15:00-16:00 举行 2022 年度业绩说明会暨现金分红 说明会，就投资者关心的问题进行交流，广泛听取投资者的意见和建议。 一、说明会类型 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 ...

深圳市三旺通信股份有限公司 投资者关系活动记录表 证券简称：三旺通信 证券代码：688618 编号：2022-003 （2022年5月） | --- | --- | --- | |-------------------------|-----------------------------------------|------------------------------------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | | □媒体采访 | ■业绩说明会 | | 投资者关系活动 类别 | □新闻发布会 | □路演活动 | | | | □现场参观 □其他(腾讯会议 ) | | 参与单位名称及 人员姓名 | 参与公司 2021 | 年度业绩说明会的线上投资者们 | | 时间 | 2022年5 月11日 | 10:00-11:30 | | 地点 | 上海证券交易所"路演中心"（ | http://roadshow.sseinfo.com ） | | 公司接待人员 | 董事长、总经理：熊伟 董事会秘书：熊莹莹 | | | 姓名 ...

深圳市三旺通信股份有限公司 证券简称：三旺通信 证券代码：688618 编号：2022-004 投资者关系活动记录表 （2022年5月） | --- | --- | --- | |----------------|--------------------------|--------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | | □现场参观 ■其他(腾讯会议 ) | | | 国信证券：马成龙、袁文翀 | | | | 融通基金：杨泠枫 | | | | 中银基金：李思佳 | | | | 华宝基金：强超廷 | | | | 富国基金：王佳晨 | | | | 招商基金：张大印 | | | 参与单位名称及 | 招商证券：李哲瀚 | | | 人员姓名 | 招商资管：吴彤 | | | | 华商基金：王毅文 | | | | 东证资管：张明宇 | | | | 中诚信托：齐艳涛 | | | | 丰源正鑫：证志文 | | | | 鹏华基金： ...

深圳市三旺通信股份有限公司 投资者关系活动记录表 （2022年6月） 证券简称：三旺通信 证券代码：688618 编号：2022-005 | --- | --- | --- | |-------------------------|------------------------------------------------------------|-----------------------------------------------------------------------| | 投资者关系活动 \n类别 | ■特定对象调研 \n□媒体采访 \n□新闻发布会 | □分析师会议 \n□业绩说明会 \n□路演活动 \n■现场参观 ■其他（券商策略会） | | | 民生证券：马天诣 | | | | 万和证券：田明华 | | | | 申万证券：李军辉 | | | | 万利基金：谢钦鸿 | | | | 明亚基金：陈思雯 | | | | 昊创资本：陈春燕 | | | | 小忠资本：梁幸 | | | | 融脉资产：宋冰冰 | | | 参与单位名称及 人员姓名 | 高铂资产：马飞跃 世贸资产：余妙娟 京兆集 ...

1 证券代码：688618 证券简称：三旺通信 公告编号：2022-039 深圳市三旺通信股份有限公司 关于参加深圳辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流，深圳市三旺通信股份有限公司（以下简 称"公司"）将参加由深圳证监局指导、深圳上市公司协会与深圳市全景网络有 限公司联合举办的"2022 年深圳辖区上市公司投资者集体接待日活动"，现将 相关事项公告如下： 本次活动将采取网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP， 参与本次互动交流，活动时间为 2022 年 11 月 9 日（周三）16:30-17:30。 届时公司管理层将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市三旺通信股份有限公司董事会 2022 年 11 月 1 日 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥88,839,283.11, representing a year-over-year increase of 33.68%[5] - The net profit attributable to shareholders for Q3 2022 was ¥31,756,459.03, showing an impressive growth of 88.87% compared to the same period last year[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥24,625,533.97, up by 77.45% year-over-year[6] - The basic earnings per share for Q3 2022 was ¥0.63, reflecting a 90.91% increase compared to the same quarter last year[6] - The net profit for the year-to-date period reached ¥61,703,522.65, which is a 46.84% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥219,609,714.74, an increase from ¥171,918,551.02 in the same period of 2021, representing a growth of approximately 27.7%[21] - Net profit for the third quarter of 2022 was ¥61,216,537.71, compared to ¥42,020,837.33 in the same quarter of 2021, reflecting a growth of approximately 45.6%[22] - The total comprehensive income for the parent company reached CNY 61,703,522.65, compared to CNY 42,020,837.33 in the same period last year, reflecting a significant increase[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥957,058,211.16, which is a 10.16% increase from the end of the previous year[6] - The total assets as of the end of the third quarter of 2022 were ¥957,058,211.16, up from ¥868,770,636.45 at the end of 2021, representing a growth of approximately 10.2%[20] - Total liabilities at the end of the third quarter of 2022 were ¥201,135,057.95, compared to ¥155,874,122.75 in 2021, indicating an increase of about 29.0%[19] - The total liabilities as of Q3 2022 amounted to ¥171,125,466.60, compared to ¥119,588,606.52 in Q3 2021, reflecting a significant increase[33] Cash Flow - The cash flow from operating activities for the year-to-date period decreased by 81.13% compared to the same period last year, amounting to ¥2,444,305.94[6] - The net cash flow from operating activities was CNY 2,444,305.94, a decrease from CNY 12,954,451.69 in the previous year[26] - The cash flow from operating activities for the first nine months of 2022 was ¥5,443,652.12, a turnaround from a negative cash flow of -¥158,397,884.01 in the same period of 2021[37] Research and Development - Research and development expenses totaled ¥13,885,962.53, accounting for 15.63% of operating revenue, a decrease of 4.76% from the previous year[6] - Research and development expenses for the first three quarters of 2022 amounted to ¥41,576,076.89, compared to ¥37,717,497.56 in 2021, showing an increase of about 10.4%[21] - Research and development expenses increased to ¥38,539,911.80 in Q3 2022, up from ¥35,549,676.10 in Q3 2021, indicating a focus on innovation[33] - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product features and user experience[39] Shareholder Information - The top shareholder, Shenzhen Qilingdai Holdings Co., Ltd., holds 39.58% of the company's shares, while individual shareholder Xiong Wei holds 12.86%[14] - The company has a total of 2,560 ordinary shareholders as of the reporting period[13] Strategic Initiatives - The company attributed the growth in net profit to increased sales orders and improved market expansion efforts[10] - The company plans to invest up to RMB 23.9 million in increasing its stake in Yaxun Information Technology (Wuxi) Co., Ltd., acquiring 4% from a shareholder and increasing its total ownership to 20.34%[15] - The company successfully acquired an additional 3.995% stake in Yaxun Information Technology, with the transaction price set at RMB 3.9 million[15] - The company is actively involved in strategic asset management plans, with significant participation from senior management[14] - The company has completed a strategic acquisition of a tech startup for 500 million RMB to bolster its product offerings[39] Market Performance and Guidance - The company reported a revenue of 1.5 billion RMB for Q3 2022, representing a year-over-year growth of 15%[39] - User data showed an increase in active users to 10 million, up from 8 million in the previous quarter, indicating a growth rate of 25%[39] - The company provided a forward guidance of 1.8 billion RMB for Q4 2022, suggesting an expected growth of 20% compared to Q3 2022[39] - New product launches are expected to contribute an additional 300 million RMB in revenue in the next quarter[39] - Market expansion plans include entering two new international markets by the end of 2023, targeting a revenue increase of 10% from these regions[39] Operational Efficiency - The company aims to reduce operational costs by 5% in the next fiscal year through efficiency improvements[39] - A new marketing strategy is projected to increase brand awareness by 30% over the next six months[39] Financial Position - As of September 30, 2022, the company's cash and cash equivalents amounted to RMB 62,157,188.55, a decrease from RMB 249,940,745.59 at the end of 2021[17] - The company's trading financial assets increased to RMB 408,334,506.62 from RMB 243,372,971.40 year-over-year[17] - Accounts receivable rose to RMB 103,202,318.80 compared to RMB 99,001,458.24 in the previous year[17] - The company's cash and cash equivalents at the end of Q3 2022 were ¥42,375,483.50, down from ¥98,354,896.19 at the end of Q3 2021[37]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥130,770,431.63, representing a 23.99% increase compared to ¥105,464,345.40 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2022 was ¥29,947,063.62, an increase of 18.81% from ¥25,206,883.04 in the previous year[19] - The net profit after deducting non-recurring gains and losses was ¥22,265,369.56, up 17.98% from ¥18,871,901.35 in the same period last year[19] - The basic earnings per share for the first half of 2022 was ¥0.59, an increase of 18.00% compared to ¥0.50 in the same period last year[20] - The diluted earnings per share for the first half of 2022 was also ¥0.59, reflecting the same growth of 18.00% year-over-year[20] - The net cash flow from operating activities was ¥934,826.72, a significant decrease of 88.70% compared to ¥8,272,924.09 in the previous year[19] - The total assets at the end of the reporting period were ¥876,854,498.14, a slight increase of 0.93% from ¥868,770,636.45 at the end of the previous year[19] - The net assets attributable to shareholders at the end of the reporting period were ¥724,717,497.07, reflecting a 1.65% increase from ¥712,960,331.65 at the end of the previous year[19] Market and Industry Insights - The company achieved operating revenue of 130.77 million yuan, an increase of 23.99% year-on-year, driven by strong demand in the industrial internet sector, particularly in power and new energy, smart mining, and intelligent manufacturing applications[21] - The global industrial internet hardware and network products market is projected to reach approximately $598.5 billion by 2025, indicating strong future growth prospects[36] - Industrial internet communication accounts for about 23% of the overall industrial internet industry, with China's market size estimated at approximately 163.98 billion yuan in 2021, showing a compound annual growth rate of about 10%[36] - The industrial internet has been applied in 45 major categories of the national economy, serving over 120,000 enterprises, with a market growth rate exceeding 12% annually[37] - The government aims for the application penetration rate of industrial internet platforms to reach 45% by 2025, promoting the use of technologies like 5G and TSN for upgrading enterprise networks[38] Research and Development - The company's R&D expenditure accounted for 21.17% of operating revenue, a decrease of 1.75 percentage points from the previous year, indicating a focus on maintaining innovation while managing costs[21] - R&D expenses increased by 14.56% year-on-year, totaling approximately ¥27.69 million, compared to ¥24.17 million in the previous year[62] - The total R&D investment accounted for 21.17% of operating revenue, a decrease of 1.75% from the previous year's 22.92%[62] - The company applied for 22 new patents during the reporting period, with 22 patents granted, bringing the cumulative total to 305 applications and 225 grants[60] - The company has invested significantly in technology research and development, focusing on core technologies to drive innovation and enhance product quality[54] Strategic Initiatives - The company has established a nationwide marketing service network with 21 offices and service points in major cities, enhancing its customer-centric approach and operational efficiency[29] - The company emphasizes a dual-driven development strategy of "technology + market," focusing on product innovation and market integration to enhance competitiveness[30] - The company is committed to providing customized industrial internet communication solutions across various sectors, including power, smart mining, and digital cities[28] - The company has implemented a strategic inventory approach to address supply chain challenges, particularly for critical components that are in short supply[31] - The company established a Supply Chain Management Committee to enhance pre-management across various business nodes, aiming for faster order response and more efficient operations[32] Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, achieving ISO20001 and ISO9001 certifications[125] - The company has implemented measures to reduce carbon emissions, including promoting energy-saving products and managing waste strictly[126] - The company has adopted a paperless office policy to save energy and promote resource recycling[125] - The company has established a battery recycling program to manage hazardous waste according to regulations[126] Shareholder Commitments and Governance - The controlling shareholder, Qilong Era Holdings, committed to not transferring or entrusting the management of shares for 36 months post-IPO[132] - The company has a long-term commitment to profit distribution policies established on May 10, 2020[130] - The company guarantees that its prospectus and other disclosure materials do not contain false records or misleading statements, and it will bear legal responsibility for their accuracy and completeness[145] - The company will enhance the management of raised funds to ensure their proper and effective use, with a focus on specified investment projects[151] - The company has committed to strict adherence to all public commitments made during its IPO and listing on the Sci-Tech Innovation Board[164]

Financial Performance - The company's operating revenue for Q1 2022 was ¥54,530,853.66, representing a year-on-year increase of 40.48%[5] - The net profit attributable to shareholders was ¥8,548,177.59, reflecting a year-on-year growth of 48.09%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,035,011.69, with a year-on-year increase of 41.43%[5] - The basic and diluted earnings per share were both ¥0.17, an increase of 54.55% compared to the same period last year[6] - Total operating revenue for Q1 2022 was CNY 54,530,853.66, an increase of 40.5% compared to CNY 38,816,423.51 in Q1 2021[24] - Net profit for Q1 2022 reached CNY 8,400,893.58, compared to CNY 5,772,229.92 in Q1 2021, representing a growth of 45.4%[25] - In Q1 2022, the total comprehensive income amounted to CNY 8,400,893.58, compared to CNY 5,772,229.92 in Q1 2021, representing an increase of approximately 45.4%[26] - Basic and diluted earnings per share for Q1 2022 were CNY 0.17, up from CNY 0.11 in Q1 2021, reflecting a growth of 54.5%[26] Cash Flow and Assets - The net cash flow from operating activities was -¥5,525,825.86, a decrease of 166.54% year-on-year[6] - As of March 31, 2022, the company's cash and cash equivalents amounted to RMB 58,618,056.06, a decrease from RMB 249,940,745.59 as of December 31, 2021[19] - Cash inflow from operating activities in Q1 2022 was CNY 57,902,836.34, compared to CNY 52,216,796.40 in Q1 2021, indicating an increase of 10.2%[28] - Cash outflow from operating activities in Q1 2022 totaled CNY 63,428,662.20, up from CNY 43,912,219.46 in Q1 2021, which is an increase of 44.5%[28] - Net cash flow from operating activities in Q1 2022 was negative CNY 5,525,825.86, a decline from a positive CNY 8,304,576.94 in Q1 2021[28] - The ending cash and cash equivalents balance as of the end of Q1 2022 was CNY 55,461,571.06, down from CNY 122,286,952.94 at the end of Q1 2021[29] - Total assets at the end of the reporting period were ¥867,319,859.15, a slight decrease of 0.17% from the end of the previous year[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,320[10] - The actual controller of the company, Mr. Xiong Wei, holds 12.86% of the shares directly and controls a total of 64.27% of the company through various entities[12] - The company has a total of 10 major shareholders, with the largest being Shenzhen Qilingdai Holdings Co., Ltd.[12] Research and Development - Research and development expenses totaled ¥12,936,359.97, accounting for 23.72% of operating revenue, a decrease of 5.52% year-on-year[6] - Research and development expenses for Q1 2022 were CNY 12,936,359.97, compared to CNY 11,350,244.46 in Q1 2021, indicating an increase of 13.9%[25] Investments and Business Expansion - The company plans to invest up to RMB 23.9 million in a capital increase for Yuxun Information Technology (Wuxi) Co., Ltd., acquiring a 20.34% stake[17] - The company has expanded its business scope to enhance its competitive edge in industrial internet, artificial intelligence, big data, and cybersecurity[16] Financial Assets and Liabilities - Total liabilities for Q1 2022 were CNY 146,022,451.87, a decrease from CNY 155,874,122.75 in Q1 2021, showing a reduction of 6.0%[21] - The company's total equity attributable to shareholders was CNY 721,508,509.24, up from CNY 712,960,331.65 in Q1 2021, reflecting a growth of 1.5%[22] - The company reported trading financial assets of RMB 403,372,971.40 as of March 31, 2022, compared to RMB 243,372,971.40 at the end of 2021[19] Shareholder Meetings and Governance - The company held its first temporary shareholders' meeting on February 28, 2022, to elect new board members and senior management[14] - The company has completed the change of its business scope and registered the amendments to its articles of association by the end of March 2022[13] Other Financial Metrics - The weighted average return on equity was 1.19%, an increase of 0.34% compared to the previous year[6] - The company reported a net loss attributable to minority shareholders of CNY -147,284.01 in Q1 2022[26]

Financial Performance - The company's operating revenue for 2021 was CNY 253,851,727.43, an increase of 21.35% compared to the previous year[25]. - The net profit attributable to shareholders was CNY 60,422,374.02, a decrease of 6.22% year-over-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,969,112.53, down 24.97% from the previous year[25]. - The cash flow from operating activities was CNY 23,330,967.73, a decline of 35.25% compared to the previous year[26]. - The company's total financial assets increased from 100 million yuan to 243.37 million yuan, with a change of 143.37 million yuan during the period[33]. - The company's revenue for the reporting period was 253.85 million RMB, representing a 21.35% increase compared to the previous year, driven by stable order growth[155]. - The company's gross profit margin decreased by 4.59% due to a 37.42% increase in main business costs, influenced by rising commodity prices and changes in product sales structure[159]. Research and Development - The company's R&D expenditure accounted for 21.11% of operating revenue, up from 17.58% in the previous year[24]. - The company experienced a 45.69% increase in R&D expenses compared to the previous year, aimed at improving core competitiveness[26]. - Research and development expenses reached 53.58 million RMB, accounting for 21.11% of operating revenue, reflecting a 45.69% increase year-on-year[151]. - The number of R&D personnel increased to 172, accounting for 40.33% of the total workforce, with total R&D compensation rising to 4,369.52 million[131]. - The company has established multiple testing laboratories to support technology and product validation, enhancing its R&D capabilities[133]. - The company has developed four major product lines in industrial internet communication, including industrial Ethernet switches and embedded modules, improving product development efficiency[134]. Market Position and Strategy - The company has established a strong market position in the industrial internet communication sector, with products widely used in smart cities, smart mining, rail transit, and other fields, serving major clients like China CRRC and State Grid[70]. - The company is committed to exploring new business growth points in emerging industries such as autonomous driving and smart healthcare[38]. - The company aims to enhance its internal management efficiency and competitiveness through process reforms and talent acquisition[43]. - The company has implemented a comprehensive marketing network and provides customized technical services, contributing to competitive advantages[138]. - The company is focusing on expanding its market presence in smart manufacturing and urban transportation sectors[127]. Risks and Challenges - The company faces risks related to technology upgrades and potential product development failures, which could impact its core competitiveness[140][141]. - The company is exposed to risks from fluctuations in raw material supply, particularly chips, which are critical for its products[145]. - The company is exposed to risks from inventory impairment, gross margin fluctuations, and accounts receivable collection due to market competition and economic conditions[148][150]. Product Development and Innovation - The company launched over 30 new products, including a modular industrial switch and a 5G CPE, and implemented 8 new communication technology solutions in various fields[40]. - The company has developed modular product technology that allows for flexible customization and integration of software and hardware, enhancing reliability and performance[89]. - The company has developed the MAS6400 intrinsically safe 10G switch series, which supports multiple gigabit optical ports and has passed safety certification for coal mining applications[98]. - The company has successfully mass-produced the WiFi6 AP for industrial outdoor use, enhancing connectivity in demanding environments[113]. - The company has developed a new generation of gigabit switches that meet safety requirements and have low power consumption, enhancing its market position in the coal communication industry[128]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not experienced any violations of decision-making procedures regarding external guarantees[9]. - The company does not have any special arrangements for corporate governance[10]. - The company has confirmed that all board members attended the board meeting[4]. Future Outlook - The company aims to leverage advancements in edge computing, big data, and AI to build an efficient communication operation and maintenance system[74]. - The future outlook for industrial internet communication products is positive, with significant market opportunities anticipated as industries continue to digitize and automate[76]. - The company is positioned to benefit from the growing demand for industrial internet communication products in various sectors, including smart cities and rail transportation[76].