T&S(300570)2024-11-07 11:17Group 1: Financial Performance - The company achieved a record high revenue in the first three quarters of 2024, driven by increased demand for its MT and ceramic connectors due to the growth of AI technology [1][2]. - The gross margin improved in Q3 2024, attributed to ongoing product process optimization and automation enhancements [2]. - The company expects to maintain strong performance in Q4 2024, supported by a healthy order backlog [2]. Group 2: Production and Capacity - The company is currently operating at full capacity and is implementing significant expansion plans, including a new factory in Vietnam expected to commence production by the end of 2024 [2][3]. - The MT connector has seen a supply-demand imbalance, with significant growth in production and sales [2][3]. Group 3: Product Development - R&D investments have increased year-on-year, focusing on new products and technologies, as well as ongoing automation efforts [2]. - The company has successfully developed and shipped its MPO connectors and is actively working on new product applications in response to customer needs [3][4]. Group 4: Market Trends and Opportunities - The demand for MPO connectors is surging, driven by the construction of large data centers and the rapid development of AI technology [4]. - The company has established strong relationships with major overseas clients, particularly in North America and Europe, enhancing its market presence [4]. Group 5: Talent Strategy - The company is intensifying its efforts to attract high-end talent through partnerships with universities and recruitment initiatives, alongside implementing incentive mechanisms such as stock options [5]. Group 6: Future Outlook - The company is committed to continuous innovation in the optical communication sector, aiming to enhance product competitiveness and brand value in light of the opportunities presented by AI advancements [5].