SANYOU CORP.(SZ:300932) Xin Lang Cai Jing·2025-09-19 10:57Core Viewpoint - The company is actively expanding its international operations while addressing various risks associated with overseas markets, labor costs, and product diversification. Group 1: Overseas Operations - The company has established subsidiaries in North America, South Korea, Germany, and Vietnam to manage sales and production in these regions, acknowledging the risks posed by differing political, legal, and market environments [2] - As of the first half of 2025, domestic revenue accounted for 71.92% while overseas revenue made up 28.08%, with significant contributions from general and electric power products [6] Group 2: Labor Cost Management - The company faces rising labor costs due to increased competition in the labor market, but it aims to mitigate this by enhancing automation and production efficiency [3] Group 3: Product Development and Market Expansion - The company has a strong foundation in relay technology, which allows it to adapt to various applications, particularly in emerging fields like low-altitude economy and robotics [4] - The company is focusing on core business consolidation, breakthroughs in emerging fields, and strategic layout in forward-looking sectors, although specific revenue targets for each division were not disclosed [5] Group 4: Risk Mitigation Strategies - To address the concentration risk in product segments, the company is optimizing its product structure and diversifying into related industries through acquisitions and mergers [7] Group 5: Operational Efficiency - The company is committed to lean production and intelligent manufacturing, continuously upgrading automation levels to enhance production efficiency and flexibility [9]