探路者：公司研发投入情况详见公司定期报告

Core Viewpoint - The company is focusing on integrating outdoor products with smart technology, enhancing outdoor experiences and expanding value through innovative products [1] Group 1: R&D and Product Development - The company has announced its commitment to R&D, with details available in its periodic reports [1] - At the 2025 autumn and winter ordering meeting, the company introduced new outdoor smart equipment, including lower limb exoskeletons, smart skiing helmets, and mirror-type high-definition outdoor cinemas [1] - The integration of outdoor products with smart technology aims to explore new functionalities and application scenarios for consumers [1] Group 2: Strategic Focus - The company is deepening its "outdoor + chip" dual main business strategy, emphasizing the development of smart equipment [1] - Continuous enhancement of R&D capabilities in smart equipment is a priority for the company [1]