Core Viewpoint - Hars (002615.SZ) reported a revenue of 2.437 billion yuan for the first three quarters, reflecting a year-on-year growth of 2.94% despite facing short-term fluctuations due to international trade tensions, changes in customer structure, and exchange rate volatility [1] Group 1: Financial Performance - The company achieved a revenue of 2.437 billion yuan in the first three quarters, marking a 2.94% increase year-on-year [1] - The management acknowledged that while terminal demand remains strong, the company's performance has been impacted by external factors [1] Group 2: Operational Challenges - The company is experiencing short-term performance fluctuations due to international trade friction, customer structure changes, and exchange rate fluctuations [1] - There is a significant cost increase due to supply chain restructuring and labor reserves, alongside ongoing capacity ramp-up and fixed asset depreciation [1] Group 3: Strategic Focus - The management emphasized the importance of international business as a cornerstone, with a focus on enhancing the international team's capabilities and establishing the Thailand base as a strategic support point [1] - Domestic operations are encouraged to continue brand transformation, focusing on a series and family product matrix, and enhancing brand value through IP collaboration strategies [1] Group 4: Future Outlook - The company believes that external challenges are temporary and do not diminish its growth potential [1] - It is expected that as overseas factory capacities are fully released and domestic teams mature, the company's performance will gain new momentum [1]