证券代码： 301221 证券简称：光庭信息 武汉光庭信息技术股份有限公司投资者关系活动记录表 编号：2022-008 | --- | --- | --- | |-------------------------------|-----------------------------------------|----------------------------------------------------------------| | | | | | | ☑ 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 | （请文字说明其他活动内容） | | | 劲邦资本 | 贡玺 | | | 轩元资本 | 王荣进 | | | 辅仁投资 | 王立新 | | | 永瑞财富 | 武雪原 | | | 天风证券 | 余芳沁 | | | 汇丰晋信 | 侯英杰 | | | 东方财富 | 方科、向心韵、阳军 | | | 玖鹏资产 | 陈虹宇 | | | 基明资产 | 欧晓 | | | 招商证券 ...

证券代码：301221 证券简称：光庭信 息 编号：2022-006 武汉光庭信息技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|-----------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 活动类别 | ☐ 特定对象调研 ☐ 媒体 ...

证券代码： 301221 证券简称：光庭信息 武汉光庭信息技术股份有限公司投资者关系活动记录表 编号：2022-009 | --- | --- | --- | --- | --- | --- | |----------------------|-----------------------------------|-------------------------------------------------------------------|--------|---------------------------------------|------------------------| | 投资者关系 活动类别 | ☑ \n□媒体采访 \n□现场参观 \n□其他 | 特定对象调研 \n \n□新闻发布会 \n （请文字说明其他活动内容） | | □分析师会议 \n□业绩说明会 \n□路演活动 | | | | | 宝盈基金 | | | 倪也 | | | | 开源证券 | | | 陈宝健 | | | | T Rowe Price | | | 乔雅虹 | | | | 老虎 | | | 王岱 | | | | ...

证券代码： 301221 证券简称：光庭信息 武汉光庭信息技术股份有限公司投资者关系活动记录表 编号：2022-010 | --- | --- | --- | |------------------------|-------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | ☑ 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 | （请文字说明其他活动内容） | | | 基明资产 | 赵忆波 | | | 正煊资本 | 朱芃旭、姚勇 | | | 辰翔私募基金 | 石佳艺 | | | Cloud Alph ...

证券代码： 301221 证券简称：光庭信息 编号：2022-011 | --- | --- | --- | --- | --- | |------------------------|--------------------------------------------|--------------------------------------|----------------------------|--------------| | 投资者关 系活动类 \n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 | | | | | 现场参观 | 其他 | （请文字说明其他活动内容） | | | | 姓名 | 所属机构 姓名 | | 所属机构 | | | 李敬尧 | 睿亿 | 邹冰洁 | 巽升资管 | | | 侯泓宇 | 国金证券 | 张凤娟 | 华泰证券 | | | 文雅 | 固禾资产 | 刘彤 | 玄元私募 | | | 区晓 | 基明投资 | 傅晓娘 | 华安证券 | | | 冯达 | 中金公司 | 王雪晴 | 中泰证券 | | | 陈浩然 | 云 ...

Financial Performance - The company's revenue for Q3 2022 was CNY 128,987,509.67, representing an increase of 18.83% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -6,526,828.83, a decrease of 136.52% year-on-year[5]. - The net cash flow from operating activities was CNY -99,776,854.61, reflecting a significant decline of 2,318.83% compared to the previous year[5]. - Operating revenue increased by 17.16% to ¥324,694,407.45 compared to ¥277,129,959.95 in the same period last year[14]. - The net profit for the third quarter was a loss of CNY 2,399,959.97, compared to a profit of CNY 44,840,345.45 in the previous year[33]. - The total comprehensive income for the third quarter was a loss of CNY 4,096,895.59, compared to a profit of CNY 43,731,956.76 in the previous year[33]. - The company's financial expenses showed a significant change, with a net financial income of CNY -19,348,466.52 compared to a profit of CNY 5,161,365.80 in the previous year[30]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,169,548,465.22, showing a growth of 0.74% from the end of the previous year[5]. - The total liabilities decreased to CNY 151,614,655.94 from CNY 162,992,729.75, a reduction of about 6.5%[28]. - The company's equity attributable to shareholders increased to CNY 2,007,350,350.12 from CNY 1,979,496,230.01, reflecting a growth of approximately 1.4%[28]. - Cash and cash equivalents at the end of the period were CNY 559,223,565.55, down from CNY 1,608,979,344.14 at the beginning of the period[36]. Operational Metrics - The company experienced a 37.02% increase in personnel, growing from 1,904 to 2,609 employees, which contributed to a decline in gross margin from 45.43% to 33.13%[9]. - Operating costs rose by 43.09% to ¥216,297,053.32, primarily due to rapid growth in the workforce[14]. - Total operating costs amounted to CNY 325,375,248.87, up 42% from CNY 229,194,565.23 year-on-year[30]. Research and Development - Research and development expenses totaled CNY 51,118,300, an increase of CNY 26,759,800 compared to the same period last year[9]. - R&D expenses surged by 102.05% to ¥49,215,105.49, reflecting increased investment in research and development[14]. - The company reported a significant increase in R&D expenses, totaling CNY 49,215,105.49, which is a 102% increase from CNY 24,358,439.65 in the same period last year[30]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 99,776,854.61, contrasting with a net inflow of CNY 4,496,832.02 in the previous year[34]. - The company reported a net cash outflow from investment activities of -¥898,735,581.56, significantly higher than -¥76,415,701.81 in the previous year[15]. - Cash flow from operating activities decreased significantly by 2318.83% to -¥99,776,854.61, mainly due to increased employee compensation expenses[15]. Accounts and Inventory - Accounts receivable increased by 49.91% to CNY 251,784,925.35, primarily due to revenue growth and slower collection of sales payments[11]. - Total inventory increased by 188.66% to ¥51,353,300.29, attributed to business scale growth[13]. - The company reported a significant increase in prepayments, which rose to CNY 5,256,320.20 from CNY 2,320,156.05, an increase of approximately 126.5%[25]. Corporate Developments - The company established wholly-owned subsidiaries in Nanjing and Chongqing to enhance market expansion efforts[9]. - The company plans to establish a wholly-owned subsidiary in Guangzhou with a registered capital of CNY 100 million, funded by its own resources[20]. - The company approved a guarantee of CNY 10 million for its subsidiary, Shandong Guangting Information Technology Co., Ltd., to secure a bank loan[21]. - The company is committed to timely information disclosure regarding any significant developments related to its investments and guarantees[20][21].

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 20%[19]. - The net profit attributable to shareholders was 80 million CNY, up 15% compared to the same period last year[19]. - The company's revenue for the reporting period was CNY 195.71 million, an increase of 16.09% compared to CNY 168.58 million in the same period last year[26]. - The net profit attributable to shareholders decreased by 81.14% to CNY 4.59 million from CNY 24.32 million year-on-year[26]. - The net cash flow from operating activities was negative at CNY -48.10 million, a decrease of 2,069.97% compared to CNY 2.44 million in the previous year[26]. - The company achieved total revenue of 195.71 million yuan, a year-on-year increase of 16.09%[57]. - The net profit attributable to shareholders decreased by 81.14% to 4.59 million yuan compared to the same period last year[57]. - The company's operating revenue for the reporting period reached ¥195,706,897.78, representing a year-on-year increase of 16.09% due to business scale growth[82]. - Operating costs increased by 42.03% to ¥126,096,077.17, primarily due to rapid growth in personnel scale[82]. - Research and development expenses surged by 98.38% to ¥29,880,598.59, driven by an increase in the number of R&D projects and personnel costs[82]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[19]. - The company aims to achieve a revenue growth rate of 30% for the full year 2022, driven by new product launches and market expansion[19]. - The company has strategically adjusted its focus towards the domestic and European-American markets, maintaining partnerships with major clients such as Nidec, ZF, Valeo, BorgWarner, Great Wall Motors, and iFlytek[36]. - The company is focusing on the development of intelligent connected vehicles, with software value in vehicles expected to rise from 10% in 2016 to 30% by 2030 according to McKinsey[59]. - The company aims to leverage opportunities in the electric vehicle sector to expand its customer base and maintain strong relationships with Tier 1 suppliers and automotive manufacturers[118]. Research and Development - Research and development expenses increased by 10% to 50 million CNY, reflecting the company's commitment to innovation[19]. - The company has developed a comprehensive product system for intelligent connected vehicles, covering smart cockpit, intelligent control, and intelligent driving[37]. - The company has established a two-tier R&D system, consisting of a cutting-edge technology R&D center and departmental R&D teams, focusing on advanced technology research and business-oriented foundational technology development[46]. - The cutting-edge technology R&D center is engaged in researching forward-looking technologies in the automotive electronics software industry, exploring development routes and commercialization prospects[47]. - The company’s R&D process follows an agile iterative development model, starting with market research and feasibility assessments before project approval[51]. - The company focuses on developing core technologies in specific business areas, enhancing competitiveness and improving software development efficiency and service quality[50]. - The R&D efforts include projects on key technologies for intelligent connected vehicles, hardware virtualization, and high-frame-rate visual recognition[48]. - The company has a strong focus on developing reusable foundational software platforms and core algorithms to improve operational efficiency[49]. Product Development and Services - New product development includes an advanced driving assistance system (ADAS) expected to launch in Q4 2022, projected to contribute an additional 50 million CNY in revenue[19]. - Custom software development generated revenue of 65.36 million yuan, representing 33.40% of total revenue[39]. - Software technical services contributed 127.36 million yuan to revenue, making up 65.08% of total revenue[42]. - The company provides various technical support services, including on-site technical support, data collection, and third-party testing services[41]. - The company has established a comprehensive development capability in automotive electronic software, covering core functional domains such as cockpit, body, and driving domains[70]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 2.16 billion, a slight increase of 0.21% from CNY 2.15 billion at the end of the previous year[26]. - The net assets attributable to shareholders increased by 1.26% to CNY 2.00 billion from CNY 1.98 billion at the end of the previous year[26]. - Cash and cash equivalents decreased by 67.18% to ¥1,449,738,373.72, mainly due to increased cash expenditures related to personnel costs[91]. - The company's contract assets decreased to CNY 1,392,022.23, representing 0.06% of total assets, down from 0.07% in the previous period[92]. - Inventory increased significantly to CNY 41,801,362.68, accounting for 1.94% of total assets, up from 0.83% previously, due to increased business activities[92]. Risks and Challenges - The company faced macroeconomic risks that could impact its operations and profitability, particularly due to uncertainties in the automotive industry[116]. - Labor costs constitute a significant portion of the company's main business costs, posing a risk to operating performance due to potential increases in human resource expenses[119]. - The company is exposed to foreign exchange risks, particularly with revenue from exports primarily settled in Japanese yen, which may affect profitability due to RMB exchange rate fluctuations[121]. - The automotive electronics industry is experiencing increased competition, with a growing market size driven by the steady development of the global automotive industry and rising penetration of automotive electronics[117]. Corporate Governance and Shareholder Matters - The company held its first extraordinary general meeting in 2022 with a participation rate of 63.90% on January 25, 2022, where several resolutions were approved, including the election of the third board of directors[125]. - The second extraordinary general meeting in 2022 had a participation rate of 55.76% on March 25, 2022, approving the acquisition of a 46% stake in Shandong Guangyu Intelligent Technology Co., Ltd.[125]. - The company implemented a restricted stock incentive plan in 2022, granting a total of 2.597 million shares at a price of 35.98 yuan per share to 246 incentive objects[129]. - The company did not distribute cash dividends or bonus shares for the half-year period ending in 2022[128]. - The total number of shares before the change was 92,622,300, with 76.98% being restricted shares[196]. Related Party Transactions - The total amount of related party transactions for the reporting period was CNY 47.64 million, accounting for 25.41% of the approved annual related party transaction estimate of CNY 187.50 million[149]. - The company provided software development services to Denso Guangting Automotive Electronics (Wuhan) Co., Ltd. for CNY 27.96 million, accounting for 22.81% of the total related party transactions[148]. - The company has a 49% stake in Denso Guangting Automotive Electronics (Wuhan) Co., Ltd.[148]. - The company has not exceeded the approved transaction limits for related party transactions in 2022[149].

证券代码：301221 证券简称：光庭信息 公告编号：2022-063 武汉光庭信息技术股份有限公司 关于2022年湖北辖区上市公司投资者集体接待日 暨2021年度业绩说明会活动的公告 本公司及其董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流，根据湖北省上市公司协会下发的 《关于举办 2022 年湖北辖区上市公司投资者集体接待日暨 2021 年度业绩说明会 活动的通知》（鄂上协发[2022]10 号），武汉光庭信息技术股份有限公司（以下 简称"公司"）将参加由湖北证监局主办、上海证券交易所、深圳证券交易所、中 证中小投资者服务中心指导和湖北省上市公司协会、深圳市全景网络有限公司承 办的"2022年湖北辖区上市公司投资者集体接待日暨 2021年度业绩说明会活动"， 具体情况如下： 本次活动将采用线上形式举行，投资者可登录全景网（http://rs.p5w.net）参 与本次互动交流，活动时间为 2022 年 6 月 16 日（星期四）13:30-16:00。公司副 总经理、董事会秘书朱敦禹先生和证券事务代表宋宗磊先生届时将在线参加说明 ...

Financial Performance - The company's revenue for Q1 2022 was ¥80,631,349.65, representing a 16.34% increase compared to ¥69,305,805.85 in the same period last year[3]. - Net profit attributable to shareholders decreased by 85.01% to ¥1,431,440.58 from ¥9,550,028.13 year-on-year[3]. - The net cash flow from operating activities was negative at -¥11,423,164.01, a decline of 161.33% compared to ¥18,624,855.47 in the previous year[3]. - Total operating revenue for Q1 2022 was CNY 80,631,349.65, an increase of 16.5% compared to CNY 69,305,805.85 in Q1 2021[41]. - Net profit for Q1 2022 was CNY 726,666.47, a decrease of 91.9% from CNY 8,987,216.09 in Q1 2021[42]. - The net cash flow from operating activities for Q1 2022 was negative at CNY -11,423,164.01, compared to a positive CNY 18,624,855.47 in Q1 2021[45]. - The company reported an investment income of CNY 382,230.88, recovering from a loss of CNY -2,492,020.00 in the previous year[41]. - Other comprehensive income after tax for Q1 2022 was CNY -926,150.89, compared to CNY -782,351.96 in Q1 2021[42]. - The net increase in cash and cash equivalents for the period was -59,386,608.66, compared to -17,830,023.11 in the previous year[48]. - The company experienced a significant decrease in cash and cash equivalents, highlighting potential liquidity concerns moving forward[48]. Expenses and Costs - Research and development expenses surged by 206.55% to ¥12,926,266.15, reflecting increased investment in R&D initiatives[7]. - The company experienced a 45.25% increase in operating costs, totaling ¥52,382,826.36, primarily due to the growth in personnel costs[7]. - Total operating costs for Q1 2022 were CNY 80,888,490.66, up 37.2% from CNY 58,972,273.28 in the previous year[41]. Assets and Liabilities - The company's total assets decreased by 1.34% to ¥2,124,745,671.56 from ¥2,153,532,079.00 at the end of the previous year[3]. - The total liabilities decreased to CNY 134,405,806.73 from CNY 162,992,729.75, a reduction of 17.5%[40]. - The total equity attributable to shareholders of the parent company was CNY 1,980,001,519.70, slightly up from CNY 1,979,496,230.01[40]. - The company's cash and cash equivalents decreased to approximately 1.55 billion yuan from 1.61 billion yuan at the beginning of the year[38]. - Accounts receivable decreased to approximately 154.15 million yuan from 167.96 million yuan at the beginning of the year, reflecting a decline of about 8%[38]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,665[12]. - The largest shareholder, Zhu Dunyao, holds 42.01% of the shares, totaling 38,906,995 shares[12]. - The second-largest shareholder, SAIC (Changzhou) Innovation Development Investment Fund Co., Ltd., holds 7.16% with 6,635,000 shares[12]. - The company has a total of 71,296,763 restricted shares at the end of the reporting period[16]. - The lock-up period for major shareholders has been extended by 6 months due to the stock price being below the issue price for 20 consecutive trading days[16]. - The company plans to lift the lock-up on 6,635,000 shares on December 22, 2022[15]. - The company has a significant presence of institutional investors, with several funds holding shares, including China Agricultural Bank's various investment funds[12]. - The total number of shares held by the top 10 unrestricted shareholders is not specified, but includes various investment funds[12]. Corporate Governance and Plans - The company completed the election of the third board of directors and the third supervisory board on January 25, 2022, with a total of 9 members on the board, including 6 non-independent directors and 3 independent directors[20]. - The company approved the 2022 Restricted Stock Incentive Plan on April 6, 2022, allowing the board to determine the grant date and manage the necessary procedures for granting restricted stocks[25]. - A total of 2.597 million shares of restricted stock were granted to 246 incentive objects at a price of RMB 35.98 per share on April 6, 2022[26]. - The company plans to use up to RMB 1.4 billion of temporarily idle raised funds for cash management, effective for 12 months from the date of shareholder approval[28]. - The company approved the use of up to 100 million yuan of idle raised funds to temporarily supplement working capital, with a repayment period not exceeding 6 months[31]. - The company plans to absorb and merge its wholly-owned subsidiaries, with all assets and liabilities of Nagoya Koten being inherited by Tokyo Koten[30]. - The company agreed to acquire 46% equity in Shandong Guangyu Intelligent Technology Co., Ltd. from its controlling shareholder at a cost of 0 yuan, with a total investment of 23 million yuan[31]. Operational Changes - The company completed the registration changes and obtained a new business license in February 2022, following the approval of changes to its registered capital and business scope[33]. - The company relocated to a new office address to accommodate business expansion during the reporting period[33]. - The company plans to continue using the auditing firm Da Xin for the 2021 fiscal year, with the board of directors authorized to determine reasonable audit fees[34]. Cash Flow and Financing Activities - The cash outflow from financing activities increased by 113.60% to -¥3,982,563.42, mainly due to higher payments for prior intermediary service fees[9]. - The total cash inflow from financing activities was 4,092,980.00, while cash outflow totaled 8,075,543.42, resulting in a net cash flow from financing activities of -3,982,563.42[48]. - The impact of exchange rate changes on cash and cash equivalents was -6,396,430.50, compared to -4,282,136.59 in the previous year[48]. - The company invested 37,589,810.73 in fixed assets, intangible assets, and other long-term assets during the quarter[46]. - The cash flow from operating activities was not detailed in the provided documents, indicating a potential area for further analysis[46]. - The company did not receive any cash from minority shareholders' investments during the quarter[48]. - The first quarter report was not audited, which may affect the reliability of the financial data presented[47].

Financial Performance - The company's operating revenue for 2021 was ¥432,196,967.82, representing a 29.26% increase compared to ¥334,374,514.24 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥73,259,144.17, a slight increase of 0.34% from ¥73,014,446.21 in the previous year[22]. - The total assets at the end of 2021 reached ¥2,153,532,079.00, a substantial increase of 299.17% from ¥539,498,870.90 at the end of 2020[22]. - The net assets attributable to shareholders increased by 346.72% to ¥1,979,496,230.01 at the end of 2021, compared to ¥443,116,227.01 at the end of 2020[22]. - The basic earnings per share remained stable at ¥1.05, unchanged from the previous year[22]. - The company reported a quarterly revenue of ¥155,067,007.87 in Q4 2021, marking a significant increase from previous quarters[24]. - The company achieved total revenue of 432.197 million RMB, a year-on-year increase of 29.26%[60]. - The net profit attributable to shareholders was 73.2591 million RMB, reflecting a slight increase of 0.34% year-on-year[60]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management and pricing strategies[193]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 70.08% to ¥24,547,414.16 from ¥82,041,884.55 in 2020[22]. - The net cash flow from investment activities decreased by 226.80% year-on-year, mainly due to reduced cash management activities and increased expenditures on long-term assets[129]. - The net cash flow from financing activities increased by 6,863.93% compared to the previous year, primarily due to the arrival of funds from the initial public offering and oversubscription[129]. - The total cash and cash equivalents increased by 792.57% year-on-year, amounting to 1,383,492,245.22 yuan[128]. - The company's monetary funds at the end of 2021 amounted to 1,609,741,883.65 yuan, representing 74.75% of total assets, an increase of 32.92% from the beginning of the year[134]. R&D and Technological Development - The company is focused on developing advanced driving assistance systems (ADAS) and other automotive technologies, which are critical for future growth[14]. - The company has established a two-tier R&D system, consisting of a central advanced technology R&D center and departmental R&D teams, focusing on both cutting-edge technology research and basic technology development tailored to business needs[48]. - The advanced technology R&D center is dedicated to researching forward-looking technologies in the automotive electronics software industry, exploring development routes and commercial prospects, and providing technical consulting support to departmental R&D teams[48]. - The company employs an agile iterative development process for R&D, which includes market research, project feasibility assessment, and iterative project implementation[51]. - The company has a strong capability in full-stack software development, providing customized software and technical services in areas such as intelligent cockpit and intelligent driving[49]. - The company has completed the development of a simulation platform for autonomous driving, supporting over 1 million kilometers of road testing data[95]. - The company is focusing on building a proprietary simulation architecture to support its sensor research and autonomous driving business[96]. Market Presence and Strategic Partnerships - The company has established strategic partnerships with major automotive suppliers, including SAIC Group and Denso, enhancing its market position[35]. - The company is actively expanding its market presence through strategic partnerships and technological advancements in the automotive sector[14]. - The company is focused on expanding its international market presence, having established wholly-owned subsidiaries in Japan to strengthen relationships with local automotive manufacturers[57]. - The company has established a joint venture with Denso, which received the highest honor "President's Award" from the Denso Group for software development innovation[62]. - The company is exploring new technologies and models in automotive electronic software through joint ventures with major suppliers, further solidifying its market leadership[55]. Governance and Management - The company has a clear governance structure, ensuring accountability and transparency in its operations[4]. - The board of directors consists of 9 members, including 3 independent directors, and held 4 meetings during the reporting period[172]. - The company has established a strategic committee, nomination committee, compensation and assessment committee, and audit committee to provide professional opinions for decision-making[173]. - The company emphasizes information disclosure, ensuring that all shareholders have equal access to information through designated media[175]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[176]. Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact the automotive industry and its profitability[166]. - The company is exposed to increased market competition as the automotive electronics sector expands and new entrants emerge[167]. - The company has a high customer concentration risk, relying on major automotive parts suppliers and manufacturers for revenue[168]. - Rising labor costs may impact the company's operating performance, necessitating efficiency improvements and cost optimization[168]. - Currency fluctuations, particularly in the Japanese yen, have resulted in significant exchange losses, affecting the company's profitability[168]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[193]. - The company plans to invest 200 million RMB in R&D for the upcoming year to foster innovation and product development[193]. - The company aims to increase its workforce by 15% to support growth initiatives and enhance operational efficiency[192]. - A strategic acquisition of a local tech firm is in progress, aimed at enhancing the company's technological capabilities and market reach[192].