BESTEK(300822)2024-12-12 12:35Group 1: Company Overview and Strategic Direction - The company focuses on the development of smart products, including smart security lighting, floor care, smart home, and smart pet care, as a key direction for business transformation and upgrading [2]. - The company aims to enhance its core competitiveness and promote sustainable development through personalized and differentiated competition in the smart product sector [2]. Group 2: Market Challenges and Competitive Strategy - The company has deep expertise in smart control technology and will focus on R&D in AI recognition, smart control, and smart monitoring to strengthen its product structure and technical reserves [3]. - The company plans to enhance its cross-border e-commerce strategy to leverage manufacturing advantages and expand its customer base [3]. Group 3: Market Growth Potential - The penetration rate of smart controllers is increasing as they are widely applied in various fields, including industrial equipment, automotive electronics, and home appliances, with growing demand in smart homes and IoT [4]. - The market for smart controllers is expected to expand significantly due to rising requirements for functionality and added value from downstream smart terminal products [4]. Group 4: Financial Performance - In the first three quarters of 2024, the company's total revenue was ¥650,776,474.84, a decrease of 6.91% year-on-year, while net profit was ¥45,812,448.24, an increase of 46.18% year-on-year [5]. - The decline in total revenue is attributed to intensified industry competition and the narrowing of low-margin business [5]. Group 5: R&D Investment and Future Outlook - The company's R&D investment in the first half of 2024 was ¥24,565,740.89, an increase of 6.28% year-on-year, reflecting its commitment to product and technology development [5]. - The company is actively preparing for the development of smart products and seeking breakthroughs in product layout and sales services to enhance strategic value [5].