CEI(SH:688128)2024-11-08 10:11Group 1: R&D Investment and Focus - The company focuses its R&D on quality technical services, electrical equipment, complete equipment, and environmental coatings and resins [1] - Annual and semi-annual reports provide detailed information on R&D expenses and outcomes [1] Group 2: Inventory and Asset Impairment - Inventory net value increased significantly from 500 million to 2.5 billion over recent years, attributed to the rapid growth of new contracts in the "new energy battery post-processing system" [2] - The company does not foresee a supply exceeding demand despite the rising inventory levels [2] - Asset impairment provisions are made in accordance with accounting standards and reflect the company's actual asset status [2] Group 3: Mergers and Acquisitions - The company is exploring both organic growth and external acquisitions to enhance its market presence [2] - In September, the company announced the acquisition of a 49% stake in a subsidiary of Kunming Electric Research Institute, increasing its ownership to 70% [2] Group 4: New Energy Vehicle Testing Opportunities - The company is preparing to start new energy vehicle testing in March 2025, focusing on automotive regulatory compliance and quality supervision [2] - The new regulations will primarily involve general safety checks, which differ from the company's current focus on the three electric systems of new energy vehicles [2]