ConST(300445)2025-04-09 10:54Group 1: Impact of Tariffs and Market Strategy - The company has established a subsidiary in Singapore to expand non-US market presence and mitigate the impact of US tariffs by transferring existing non-US orders to Singapore [1] - The US market accounts for approximately 50% of the company's international revenue, with competitive products positioned alongside global brands [3] - The company plans to gradually increase prices and optimize high-margin product structures to manage cost pressures from tariffs [4] Group 2: Financial Performance and Projections - The company aims for a revenue target of 650 million yuan in 2025, representing a 13% year-on-year increase, with no adjustments made yet despite tariff impacts [8] - The international market's gross margin is expected to decline due to an additional 84% tariff on top of the existing 45%, but the company anticipates maintaining profitability through strategic price adjustments and cost optimization [4] Group 3: Domestic Market and Competition - The domestic market growth is expected to benefit from industry policies and breakthroughs in marketing models, with a focus on high-value products and quality clients [7] - The company plans to selectively abandon low-margin orders in 2024 to concentrate on high-margin products [7] Group 4: Production and Supply Chain - The company plans to produce 10,000 high-precision pressure sensors in 2025, with 8,000 for internal use, aiming for full self-sufficiency in the long term [9] - There are currently no plans for overseas manufacturing due to uncertainties in global supply chain policies, with a focus on optimizing marketing systems and channel expansion instead [6]