顺络电子：历年平均毛利率保持同行业较优水平

Core Insights - The company has maintained a competitive average gross margin in the industry since its listing, driven by continuous R&D investment and management innovation [2] - The vision of the company is to become an expert in the electronic components field, expanding from inductors to core areas such as magnetic devices, microwave devices, sensors, and precision ceramics [2] - The company focuses on self-developed and designed products, which allows for high added value and a strong pricing power, ensuring a healthy gross margin [2] R&D and Innovation - The company has a long-term commitment to R&D in basic materials and technology platforms, resulting in a significant reserve of research outcomes [2] - Continuous technological, process, and equipment innovations have led to improved production efficiency [2] - The company participates in the early R&D design phases of core clients' products, contributing to enhanced overall gross margin levels [2] Market Position and Growth - An increase in orders and rising capacity utilization have significantly supported the company's stable and high-quality gross margin [2] - The scale effect from large-volume production of various products has further improved the company's profitability [2] - The transition from a traditional "product provider" to a "value creator" has enriched the company's product matrix and is expected to optimize gross margin levels [2]