合锻智能：公司主营业务为高端成形装备和智能光电分选设备

Core Viewpoint - The company, Hezhuan Intelligent (603011), has reported a continuous decline in product gross margins since the third quarter due to intensified competition in the automotive industry [1] Summary by Relevant Sections Company Overview - Hezhuan Intelligent specializes in high-end forming equipment and intelligent optoelectronic sorting equipment, with its main customers being in the automotive sector [1] Financial Performance - The company has conducted a write-down test on its inventory and has made provisions for inventory impairment based on a principle of prudence due to the declining gross margins [1]