Huaqin Technology (SH:603296) Ge Long Hui·2025-12-24 07:56Core Viewpoint - The company emphasizes its commitment to research and development (R&D) and technological innovation, with significant investments planned to enhance its competitive edge and ensure sustainable high-quality growth [1] R&D Investment - The company has maintained a steady and robust investment in R&D, with a total expenditure of 4.62 billion RMB in the first three quarters of 2025, representing a year-on-year increase of 23.7% [1] - The total R&D investment for the year is expected to exceed 6 billion RMB [1] R&D Workforce and Focus Areas - The company currently employs nearly 20,000 R&D personnel, focusing on a product layout strategy of 3+N+3 to meet business growth needs [1] - The company is also investing in forward-looking R&D initiatives, such as Xlab's research in acoustics, optics, thermodynamics, and radio frequency [1] - Additional resources are being allocated to new technology and product directions, including AI edge computing, super nodes, and automotive electronics [1] - Robotics is identified as a clear investment direction, with the company committed to maintaining steady investment in this area [1] Competitive Advantage - R&D is considered the core competitive advantage of the company, which plans to continue increasing its R&D investment to solidify its technological moat [1]