CVTE(SZ:002841)2024-07-15 10:25Group 1: Investor Relations Activities - The company held an investor open day event titled "AI Leading, Smart Future" on July 12, 2024, where participants visited the smart manufacturing base and experienced new products [2] - Key participants included major securities firms and funds such as CITIC Securities, Huatai Securities, and others [2] Group 2: Market Competition and Strategy - The company is actively addressing ongoing price competition in the education market by enhancing product offerings, including interactive smart panels and digital solutions [3] - The company aims to transition from a single product supplier to a comprehensive education solution provider, leveraging data resources for efficient model development [3] Group 3: Global Expansion and ODM Strategy - The company adheres to a global strategy, focusing on both ODM and proprietary brand businesses to enhance market share in regions like Europe, India, and the Americas [4] - Plans include strengthening partnerships with leading brands and expanding marketing networks tailored to different countries [4] Group 4: Research and Development Investment - In 2023, the company invested CNY 143.68 million in R&D, accounting for 7.12% of annual revenue, focusing on major product lines and large model technology [4] - The company emphasizes practical R&D investments while ensuring effective output [4] Group 5: Employee Recruitment and Governance - The company focuses on maintaining personnel stability and attracting talent for new business expansions to support strategic goals [5] - It implements a management structure that allows business units to operate independently while providing comprehensive resource support [5] Group 6: Dividend and Share Buyback Strategy - The company has maintained a cash dividend policy, with a cumulative payout ratio exceeding 100% since its listing [5] - As of March 29, 2024, the company repurchased 5,061,660 shares for future employee stock plans [5]