Yanmade(SH:688312)2024-11-05 07:35Group 1: Company Performance and Financials - The company reported a year-on-year decrease of 8.34% in R&D expenses, indicating a focus on cost reduction and efficiency [3] - The company has maintained a strong cash position, with a significant amount of cash on hand and low-interest financial management strategies [3] - The company achieved better-than-expected performance for three consecutive quarters, reflecting stable business growth [3] Group 2: Mergers and Acquisitions - The company is actively seeking acquisition targets based on principles of technological compatibility and customer synergy [1][4] - There are no confirmed acquisition targets at this time, but the company is committed to finding quality projects [4] Group 3: Production and Capacity Utilization - The production capacity at the Hangzhou facility is operating normally, primarily focusing on FPC testing services [2] - Discussions are ongoing regarding the transfer of other business operations to Hangzhou [2] Group 4: Shareholder Rights and Governance - The company emphasizes the protection of minority shareholder rights and encourages participation in shareholder meetings [4] - Independent directors are involved in providing reasonable suggestions regarding financial and operational matters [4] Group 5: Future Plans and Innovations - The company is focused on technological innovation and has seen an increase in demand for testing equipment due to innovations in end products [5] - There are no current plans for issuing convertible bonds or share buybacks, but the company is open to future announcements [5]