Core Viewpoint - The company, 康斯特, has announced that its self-manufactured high-precision pressure sensors have comprehensive indicators superior to 0.01% F.S, indicating a strong performance in sensor technology [1] Group 1: Product Development - The company is currently in the final testing phase for its micro-pressure sensors, while other pressure sensor ranges are gradually entering small-scale production [1]

Group 1 - The company has successfully developed a high-precision pressure sensor with comprehensive indicators better than 0.01%F.S [1] - Currently, all pressure sensor ranges are in small batch production, except for the micro-pressure sensor, which is in the final testing phase [1]

Group 1: Market and Product Strategy - Domestic downstream industries account for over 85%, primarily in measurement and testing, power, metallurgy, petrochemicals, and sensor manufacturing; overseas focus includes petrochemicals, biomedicine, and power [1] - The company targets the mid-to-high-end market, with pricing competitive with foreign counterparts; some core products priced higher due to R&D investment and product uniqueness [1] - The company has a production capacity utilization rate exceeding 90% after the new factory in Yanqing commenced operations, with raw material costs accounting for approximately 80% of operating costs [2] Group 2: Financial and Operational Performance - The company generates over 1 million CNY per employee, with a high retention rate of technical staff (over 10 years) ensuring product quality [2] - The highest tariff on U.S. imports is currently 55%, which includes a 25% original tariff and an additional 30%; the company is managing this through phased price increases and product structure optimization [5] Group 3: International Expansion and Team Structure - The overseas team, primarily based in Singapore and the U.S., consists of over 30 members, with plans to expand in Singapore while the U.S. has no immediate expansion plans [3] - Domestic sales are primarily direct, while international sales rely on agents, with direct sales accounting for 10% to 20% of total sales [4] Group 4: Management and Future Planning - The company's founders have a technical background, ensuring a focus on product quality and long-term strategic goals; the management team is stable with a well-structured talent pipeline [6] - The company is monitoring acquisition opportunities that align with its core business, although quality targets in niche markets are currently scarce [7] Group 5: Product Development and Innovation - The company plans to produce 10,000 high-precision pressure sensors annually starting in 2025, with 8,000 for internal use; initial cost amortization may limit gross margin optimization [9]