Group 1: Investor Relations Activities - The company held an earnings briefing and site visit for investors from May 20 to May 21, 2025 [3][4] - Attendees included various investment firms and banks, indicating strong interest from institutional investors [3][4] Group 2: Financial Performance - In 2024, the company reported a revenue of 249 million yuan, with domestic sales accounting for 55.76% and overseas sales 44.24% [6] - R&D expenses were 29.20 million yuan, representing 11.74% of total revenue, with R&D personnel making up 28% of the workforce [5] - The company's inventory at the end of 2024 was 39.46 million yuan, an increase of 11.24% from the previous year [8] Group 3: Business Strategy and Growth - The company primarily targets B-end customers, with plans to develop C-end products in the future [4] - The sales growth rate for smart home products exceeded 20% annually from 2019 to 2024, increasing its share of total sales from 32% to 66% [9] - The company aims to explore acquisition opportunities to expand its scale and growth [7] Group 4: Market Position and Product Development - The company has developed 7 proprietary KNX protocol stacks and is actively involved in international standard-setting [11][18] - KNX Secure technology has been integrated into national standards, expected to enhance market demand for security products [12] - The company plans to deepen its presence in the European market and "Belt and Road" countries, with overseas sales projected to reach 110.02 million yuan in 2024, a growth of 23.46% [15] Group 5: Future Outlook and Collaborations - The company is open to potential collaborations with major players like Huawei and Midea, leveraging the complementary nature of their smart home technologies [16][17] - The company has a robust strategy for promoting KNX technology and has not yet formed an industry alliance with leading real estate developers [14]