顺络电子：公司未来资本开支规划明确

Core Viewpoint - The company is in a capital-intensive industry with ongoing expansion needs and high funding requirements, which also serves as a barrier to entry for competitors [1] Group 1: Industry Characteristics - The industry is characterized by high capital investment and continuous expansion demands, indicating a significant funding requirement [1] - The capital-intensive nature of the industry creates a barrier to entry for new competitors [1] Group 2: Company Growth and Investment - The company is in a growth phase, necessitating continuous investment in production capacity to support the rapid development of new businesses and fields [1] - The company places a strong emphasis on research and development (R&D), consistently allocating a high proportion of funds to R&D expenses and equipment, with a long-term trend of increasing R&D spending [1] Group 3: Capital Expenditure - Recent years have seen significant capital expenditures focused on the construction of industrial parks, with a noticeable slowdown in such investments expected in the coming years as three industrial parks and a research center are completed [1]