Group 1: Business Development and Strategy - The company is enhancing its competitive advantage in the ventilation and air treatment industry through new product and technology development, while also promoting smart transformation and digitalization for high-quality growth [3] - An overseas marketing department has been established to expand into Southeast Asia and Africa, implementing a dual strategy of "setting sail" and "independent sailing" [3] Group 2: 3D Printing Business - Southern Additive currently operates red and green light printing equipment, focusing on materials like stainless steel and titanium alloys for red light, and copper and tungsten for green light [4] - The company is actively exploring applications of 3D printing in sectors such as footwear molds, military, aerospace, and heat dissipation, engaging in sample submissions and business negotiations [4] Group 3: Competitive Advantages and Challenges - 3D printing technology is evolving to meet the increasing demand for heat dissipation efficiency in high-power density and miniaturized manufacturing sectors, despite its higher costs compared to traditional methods [5] Group 4: Talent Development and Financing - The company is enhancing its R&D capabilities through external recruitment and partnerships with universities and research institutions [5] - Currently, there is no financing demand, but the company plans to explore refinancing options in the future based on market conditions and order situations [6] Group 5: Equity Incentives - There are currently no plans for equity incentives, but the company will consider such plans in the future based on strategic needs and market conditions [7]

Group 1: Company Performance and Challenges - The company's Q3 performance experienced a year-on-year decline due to project delays affecting revenue recognition, with varying product supply structures impacting gross margins [2][3] - The company aims to enhance its core competitiveness by actively participating in bidding for ventilation equipment projects and increasing R&D efforts [2][3] Group 2: Future Business Development - The strategic plan focuses on the ventilation and air treatment industry, accelerating new product development and expanding production capacity while maintaining a leading position in niche markets [3] - The company has established an overseas marketing department to expand into Southeast Asia and other international markets, following a dual strategy of "sailing out" and "self-sailing" [3] Group 3: Product Applications and Innovations - Ventilation equipment is crucial for safety and comfort, with potential applications in controlled nuclear fusion projects, depending on specific project requirements [4] - The 3D printing service is progressing well, offering customized solutions for various materials and industries, although it is not expected to significantly impact the company's current financial performance [6][7] Group 4: Incentives and Financing - Currently, there are no plans for equity incentives; the company will consider such plans based on strategic needs and market conditions in the future [5] - As of now, there is no financing requirement for the 3D printing business, but the company may explore refinancing options to expand operations as market demand evolves [6][7]