Group 1: Business Focus and Strategy - The company is focusing on time frequency as its core business and is actively exploring opportunities in the low-altitude economy, leveraging local industrial policies in Chengdu [2][3] - The company aims to enhance its core competitiveness by developing mid-to-high-end time frequency technologies and products, targeting national PNT system construction and digital infrastructure [4] Group 2: Research and Development - The company is advancing R&D in new technologies such as m-PNT, stable frequency light sources, and geomagnetic measurement to meet emerging market demands [3] - There are plans for significant growth in R&D investment, driven by market needs and user-oriented product development [2] Group 3: Financial Performance and Challenges - The company's gross margin has been declining due to intense market competition and price reductions in certain product lines, with a focus on improving profitability through quality enhancement, cost reduction, and efficiency [3][4] - Revenue and profit have decreased year-on-year due to market competition and project progress, prompting the company to focus on high-efficiency, low-cost, and high-quality development [4] Group 4: Product Development and Market Expansion - The company is expanding its low-orbit satellite business, with products like onboard clocks and RF components already in use [3] - The North Star watch business has gained recognition, winning the Tmall "2024 Fiscal Year Sales Breakthrough Award" in the wearable category, indicating positive market feedback [3] Group 5: Future Goals and Planning - The company aims to become the largest domestic supplier of military crystal devices and time synchronization products, striving for a leading position in the time frequency innovation sector [4] - Plans include enhancing market share in standard product support and improving market performance assessment and incentive mechanisms [3]