Company Overview - The company is a third-party inspection and testing service provider for military equipment and civil aircraft products, offering a comprehensive range of services including environmental and reliability testing, electronic component testing, and electromagnetic compatibility testing [2][4]. - It has established a "one-stop" service capability, integrating component selection, assembly, environmental and reliability testing, and electromagnetic compatibility testing [4][8]. Service Capabilities - The company has invested in advanced assembly lines to enhance its service capabilities, aiming to provide high reliability, efficiency, and low-cost services [4]. - The assembly business operates under the subsidiary Jitongli, providing comprehensive services including component procurement, PCBA soldering, assembly, testing, and technical support [4][8]. Laboratory Expansion - The company is expanding its laboratory presence in Beijing and Wuhan to leverage the strategic importance of these locations in the military and industrial sectors [5][6]. - The Beijing lab will serve the North China region, while the Wuhan lab will cover the Central China area, enhancing the company's national service coverage and response speed [6]. Financial Performance - In 2024, the company faced losses due to delayed capacity release and high human resource costs associated with talent acquisition and management optimization [7]. - The assembly business has been operating at a loss, primarily due to its focus on small-batch production and the need for significant investment in equipment [8]. Future Business Expectations - The company is actively positioning itself in the commercial aerospace sector, anticipating growth driven by government initiatives and market demand [9][10]. - It aims to enhance its capabilities in environmental and reliability testing, particularly for commercial aerospace applications, to capitalize on emerging market opportunities [10]. Market Strategy - The company has completed a national layout of its inspection and testing services, with a focus on military and aerospace clients, to improve market share and customer satisfaction [6][11]. - By integrating services across various locations, the company seeks to achieve operational synergies and enhance overall business growth [6][11].