L&K(SH:603929) Shang Hai Zheng Quan Bao·2025-11-13 18:45Core Viewpoint - The company held a Q3 2025 earnings presentation on November 13, 2025, to address investor concerns and discuss its performance and market strategies [2][3]. Group 1: Market Competition - The domestic cleanroom engineering market is experiencing intensified competition, prompting the company to focus on high-tech, high-value large cleanroom and electromechanical projects while leveraging AI for management efficiency [3][4]. - In overseas markets, particularly Singapore, the company maintains a competitive edge through its technical advantages in semiconductor cleanroom projects and a robust global supply chain [4][6]. Group 2: Financial Management - The company emphasizes strict management of accounts receivable, utilizing an electronic funds management platform to monitor project progress and payment statuses [5]. - The increase in accounts receivable at the end of Q3 is attributed to project settlement cycles, and the company is committed to enhancing management to ensure financial safety and efficiency [5][6]. Group 3: Business Development - The company is focused on expanding its cleanroom engineering services for the IC semiconductor industry, particularly in response to increased capital expenditures from downstream clients [6][7]. - The company is currently concentrating its overseas business in Southeast Asia, especially Singapore, while evaluating potential expansion into Japan, Europe, and North America based on its technological and managerial capabilities [6][7]. Group 4: Shareholder Engagement - The company is committed to a stable and reasonable dividend policy for 2025, considering factors such as operating performance and financial status [6][7]. - The management expresses gratitude for shareholder suggestions regarding employee stock incentives and acknowledges the importance of shareholder feedback for long-term development [7][8].