Core Viewpoint - The company has successfully integrated its ship communication products into various types of vessels, indicating a strong market presence and operational efficiency in the military sector [2]. Summary by Relevant Categories Product and Market Development - The company's ship communication products have been mass-produced and are now deployed across ultra-large, large, medium, small, and unmanned vessels, with delivery schedules aligned with customer plans [2]. - The order scale is determined based on "existing orders and production notifications," reflecting a systematic approach to managing production and inventory [2]. Financial Performance and Order Efficiency - As of the third quarter of 2025, the order conversion efficiency in the ship communication sector is reported to be high, suggesting effective management of orders and production [2]. Customer Structure and Business Dynamics - The company’s military business has a concentrated and stable customer structure, which is a common characteristic in the military industry, highlighting strong relationships with core clients [2]. - There is an expectation that as revenue from civilian products gradually increases, the customer structure may undergo changes, indicating potential diversification in the client base [2].