Longtech(SZ:300916) Shang Hai Zheng Quan Bao·2025-04-25 01:42Company Overview - The company specializes in the research, design, production, and sales of smart controllers and smart products, primarily used in smart home appliances, automotive electronics, new consumer electronics, and energy storage industries [1][3] - The main products are categorized into smart controllers and smart products, with smart controllers acting as the "brain" of devices, integrating various high-tech components and technologies [2][3] Industry Development - The smart controller manufacturing industry is a high-tech sector combining technology and knowledge, driven by advancements in automation, microelectronics, and communication technologies [3] - The market for smart controllers is expanding due to the rise of artificial intelligence, cloud computing, big data, and the Internet of Things, with applications extending to smart homes, automotive electronics, renewable energy, and medical devices [3] - Government policies are promoting digitalization and intelligence in the industry, indicating a long-term growth trajectory for smart controllers driven by technological progress and consumer demand [3] Company Position - The company is recognized as a national high-tech enterprise and has received multiple honors, including "Guangdong Province Intelligent Home Electronics Controller Engineering Technology Research Center" and "National Specialized and New Small Giant" [4] - The company holds a competitive advantage in the smart appliance control and energy storage sectors, with several technologies at the forefront of the industry, focusing on the mid-to-high-end market [4] Financial Data - The company has not needed to restate previous financial data, indicating stability in its financial reporting [5] - Recent board meetings have approved significant changes in investment projects, including reallocating surplus funds for the construction of a production base in Thailand, reflecting strategic financial management [6][7]