Core Viewpoint - The company has sufficient orders on hand and plans to dynamically adjust production capacity based on market demand and customer orders, ensuring product delivery through a stable and controllable supply chain system [1] Group 1: Performance Drivers - The main drivers of the company's performance growth over the next 1-2 years will be the continuous ramp-up of Wi-Fi 7 FEM products and the steady increase in the supply of low-altitude economy and industrial IoT products [1] - New products such as vehicle networking C-V2X, UWB, and cellular RF front-end are gradually being launched, creating additional growth opportunities [1] Group 2: Strategic Focus - The company aims to leverage its core competitive advantages to continuously optimize its product portfolio, thereby solidifying its foundation for long-term growth [1]

Core Viewpoint - The company is positioned well in emerging markets such as low-altitude economy and industrial IoT, leveraging its core technology, product quality, and service system to establish competitive barriers and gain market share [2] Group 1: Market Position and Strategy - The emerging markets of low-altitude economy and industrial IoT are currently experiencing rapid development, characterized by a competitive landscape that is "head concentrated and diverse" [2] - The company has established differentiated competitive barriers in niche areas, securing a favorable market position [2] - In the drone sector, the company plans to establish mass production and shipment relationships with leading customers by 2025 while also expanding its customer base in related markets [2] Group 2: Product Development and Expansion - In the industrial IoT sector, the company's smart metering products have been shipped to East Asia and South America [2] - The company aims to continue deepening its engagement in emerging fields, steadily expanding its customer base and solidifying its market foundation [2]

Group 1 - The core viewpoint is that the company is well-positioned in emerging markets such as low-altitude economy and industrial IoT, which are currently experiencing rapid development and a competitive landscape characterized by "concentration at the top and diversity below" [1] - The company has established differentiated competitive barriers in niche areas due to its core technological advantages, stable product quality, and comprehensive service system [1] - In the drone sector, the company plans to establish mass production and shipment relationships with leading customers by 2025 while also continuously expanding its customer market [1] Group 2 - In the industrial IoT sector, the company's smart metering products have been shipped to East Asia and South America [1] - The company aims to continue deepening its engagement in emerging fields, steadily expanding its customer base, and solidifying its market foundation [1]