Company Overview - Zhejiang Meishuo Electric Technology Co., Ltd. was established in February 2007 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market in June 2023 [2] - The company specializes in the research, production, and sales of relay control components and fluid electromagnetic valve products, with applications in various sectors including home appliances, smart homes, automotive manufacturing, photovoltaic inverters, charging piles, smart meters, and industrial control [2] - In the first three quarters of 2025, the company achieved revenue of CNY 535 million and a net profit of CNY 20.17 million [2] Raw Materials - The main raw materials used in production include plastic parts, metal components, contact materials, and enameled wire [3] - The procurement prices of contact materials and enameled wire are correlated with the prices of bulk commodities such as silver and copper [3] Future Development - The future technological development path for relays will focus on high throughput (high current, high voltage), miniaturization, low power consumption, high reliability, rapid switching, and vibration resistance [3] - The company aims to actively monitor industry trends and customer needs to leverage its R&D advantages and launch high-quality products that meet market demands [3] Business Model - The company primarily adopts a direct sales model, allowing the sales department to directly engage with customers, which helps in understanding real-time market dynamics and customer needs [3] - A small portion of sales is conducted through traders and agents, enhancing customer development capabilities by leveraging their channels and resources [3] Disclosure - The activity did not involve the disclosure of any undisclosed significant information [3]