Sunrise(SZ:300360)2025-04-25 11:34Business Overview - The company has diversified its business beyond electric meters, including smart metering and collection systems (AMI), smart water meters, electric vehicle charging equipment, and IoT cloud platforms [1] - The overseas business currently accounts for a low percentage of total revenue, with plans to increase investment in international markets [6] Financial Performance - The company will disclose its Q1 2025 report on April 29, 2025 [2] - R&D expenses for 2024 increased by 12.74% compared to the previous year [3] - The company reported a contract amount of ¥1,576,256,826.39 at the end of the reporting period [9] Market Strategy - The company aims to expand its presence in the European, African, Central Asian, and Southeast Asian markets [5][16] - The company is focusing on reducing reliance on major clients like the State Grid by diversifying its customer base [7] Profitability and Cost Management - The increase in gross margin is attributed to improved cost control and lean management practices [8] - The company is implementing multiple measures to enhance core competitiveness, including product R&D and cost management [23] Future Outlook - The company is exploring new growth opportunities in domestic markets, particularly in smart metering and related systems [12] - There are no current plans for semiconductor-related business, but the company is monitoring developments in that area [13] Shareholder Returns - The board will consider share buybacks based on market conditions and company performance [4][17] - The company emphasizes the importance of maintaining sufficient cash reserves for operational stability and growth [21]