Hotata(SH:603848) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-16 02:21Summary of Key Points Core Viewpoint - The company held a semi-annual performance briefing on September 15, 2025, to discuss its operational status and respond to investor inquiries regarding its performance and future strategies [1]. Group 1: Company Performance and Strategy - The company emphasizes continuous innovation and technological advancement, focusing on developing new products and technologies with independent intellectual property rights to maintain its competitive edge [2]. - The management acknowledges the rapid growth in market capitalization and high price-to-earnings ratio, interpreting it as market optimism regarding the company's growth potential [2]. - The company is actively expanding its product offerings in the smart home sector, having achieved certification from multiple mainstream smart home control systems [2]. Group 2: Competitive Landscape and Market Position - In response to competitive pressures from companies like Xiaomi, the company is committed to high-quality development, prioritizing product quality, technological innovation, and user experience [3]. - The company is enhancing its distribution channels through new retail transformations and partnerships with quality distributors to improve operational efficiency and expand market share [3]. - The company's core smart home products are included in the local government's appliance replacement subsidy program, indicating a strategic alignment with government policies to boost consumer spending [3].