FHEC(000561)2025-02-14 08:40Group 1: Company Overview - The company is a national high-tech communication equipment and electroacoustic device research and production backbone enterprise, recognized as a high-tech enterprise by the Ministry of Science and Technology [1] - Main products include wireless communication devices, aviation search and rescue positioning equipment, in-car audio control systems, and electroacoustic devices, widely used in emergency support, disaster prevention, public security, and marine transportation [1] Group 2: Financial Performance - The company's net profit has declined in the past two years due to reduced customer demand, decreased operating income, lower gross profit margins, and increased taxes [2] - The expected loss for 2024 is attributed to decreased sales revenue from specialized communication products and high R&D expenses to expand market reach [2] Group 3: Core Competitiveness - The company has successfully developed multiple generations of shortwave communication equipment, representing the highest level in the industry [2] - It is a leader in aviation search and rescue communication equipment and has mastered core technologies such as voice bone conduction and active noise reduction [2] - The company is actively expanding international business, leveraging the "Belt and Road" initiative, and has established a good reputation in international markets [2] Group 4: Future Plans and Developments - The company has established a civil aviation division to explore applications of related technologies in the civil aviation sector, focusing on wireless communication and emergency rescue communication [2] - Plans to continue cash dividends in the future, depending on the company's overall development strategy and actual operating conditions [2] Group 5: Mergers and Acquisitions - The acquisition target, Changling Technology, is a national high-tech enterprise specializing in radar and related components, enhancing the company's core competitiveness and expanding its business scope [3] - The merger is expected to improve the company's service capabilities and market share [3] Group 6: Market Management and Challenges - The company aims to strengthen its main communication business, focusing on high-quality development and sustainable growth [3] - Plans to enhance communication with investors and seek acquisition targets to expand its market presence [3]