HAOYANG(300833)2024-11-01 07:56Group 1: Market Performance and Product Structure - The company maintains a business model focused on exports, with domestic sales as a supplement, reflecting a positive market demand for stage lighting equipment in both domestic and international markets [1] - The demand for stage lighting equipment in China has been boosted by a government initiative aimed at promoting equipment upgrades in the cultural and tourism sectors [1] - The company's self-owned brand, Yadon, maintains a high overall gross profit margin, supported by a complementary relationship between OBM and ODM [1] Group 2: Key Focus Areas During the Reporting Period - The company plans to increase R&D investment, with expected annual R&D expenses to rise further [2] - Acquisition and integration of Danish company SGM and establishment of a new subsidiary in Denmark are key strategies to enhance overall synergy and company value [2] - The company is actively advancing fundraising projects, with two capacity enhancement projects underway [2] Group 3: Progress of Fundraising Projects - The main engineering work for the stage lighting equipment production base upgrade project in Guangzhou has been completed and is now in the decoration phase [2] - The second phase expansion project in Jiangmen has partially commenced production, contributing to capacity, while the remaining parts are on schedule for completion [2] - New production capacity is expected to efficiently meet R&D needs and support future revenue growth [2] Group 4: Industry Outlook and Company Strategy - The overall market for stage lighting equipment is expected to remain favorable, with the company focusing on integrating technology and market resources to enhance profitability [2] - The company aims to expand its product categories and improve market penetration through continuous innovation and deeper collaboration with existing clients [2]