Core Viewpoint - The consumer electronics market is set for a structural recovery in 2024, driven by the generative AI technology revolution and supportive policies, with Chinese companies actively expanding overseas to enhance global presence and innovation capabilities [1]. Group 1: Company Performance - Tongli Technology, a smart acoustic device manufacturer, achieved a revenue of 11.46 billion yuan in 2024, with over 80% of its revenue coming from overseas markets, significantly higher than the industry average [1]. - The company has established 10 overseas subsidiaries and has 4 R&D centers and 5 manufacturing bases globally, focusing on North America, Europe, and Asia for its sales [1][4]. Group 2: Overseas Operations - Tongli Technology has leveraged the advantages of Southeast Asia, such as stable political conditions and a young labor force, by setting up three manufacturing bases in Vietnam and one R&D center in Malaysia [4]. - As of December 31, 2024, the company employed 3,611 overseas staff, accounting for 29.55% of its total workforce [4]. Group 3: Labor Outsourcing Strategy - Since 2023, the application of AI in consumer electronics has accelerated, leading to fluctuations in production orders. Tongli Technology has adopted labor outsourcing for 18 auxiliary production processes to optimize workforce allocation and reduce costs [5][7]. - The labor outsourcing amount for Tongli Technology reached 287.12 million yuan in 2024, representing 2.99% of its total operating costs [7]. Group 4: Industry Trends - The consumer electronics industry is experiencing a shift towards flexible labor models to address seasonal demand fluctuations, with companies like Huqin Technology and Guoguang Electric also increasing their labor outsourcing amounts [8]. - Digital outsourcing services are emerging as a solution to the labor volatility challenges faced by the consumer electronics sector, enhancing operational efficiency and cost management [9]. Group 5: Future Outlook - The consumer electronics industry is expected to continue evolving towards smart, ecological, and globalized development, with emerging overseas markets becoming crucial growth points [12]. - Companies must strengthen local talent development and cross-cultural management to navigate the complexities of global operations effectively [12][15].