Group 1: Company Overview - Beijing Huaru Technology Co., Ltd. focuses on military simulation as its main business, aiming to establish itself as a leading brand in China's military simulation sector [2] - The company provides high-quality professional simulation products and technologies in areas such as combat experiments, simulation training, equipment verification, and comprehensive support [2] Group 2: Main Products and Services - The company's services and products include five categories: technology development, software products, hardware products, merchandise sales, and technical services [3] - In 2023, the main business segments were combat experiments, simulation training, and equipment verification, which accounted for a significant portion of the company's operations [3] Group 3: Financial Performance - The company experienced a decline in gross profit margin in 2023 due to intensified price competition during project bidding and rising labor costs [4] - The revenue from hardware products increased in 2023, contributing to a higher proportion of total revenue, which is expected to continue growing as the company enhances its R&D and sales efforts in this area [4] Group 4: Strategic Developments - The company is actively exploring overseas markets to diversify its revenue streams and establish a sustainable development model [4] - A share buyback plan has been proposed, with a total repurchase amount not less than RMB 30 million and not exceeding RMB 50 million, aimed at enhancing investor confidence and promoting the reasonable return of the company's stock value [5]
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