TVT(SZ:002835)2025-05-08 09:46Group 1: Business Performance and Market Impact - The company has significant operations in North America, with the U.S. being a key market. The imposition of high tariffs by the U.S. is expected to cause fluctuations in business performance, and the company is taking measures to mitigate this impact [2][5]. - The company reported a research and development (R&D) investment of 17.04% of its revenue for 2024, indicating a strong commitment to innovation and product differentiation [3]. - The company aims to maintain stable long-term growth despite market fluctuations, emphasizing the importance of focusing on core business operations [2][5]. Group 2: Strategic Initiatives and Future Plans - The company is expanding its overseas operations, including the construction of a factory in Vietnam, which is expected to commence production in Q3 2025 [2][5]. - There are no current plans to introduce strategic investors, as the management team remains confident in the company's future prospects and is committed to long-term value creation [6]. - The company is focusing on enhancing its product offerings in new business areas such as access control, thermal imaging, and smart home technologies [4][5]. Group 3: Financial Management and Shareholder Returns - The company has a robust cash flow and is considering maintaining a stable dividend policy while evaluating potential share buybacks based on market conditions [6][9]. - The company prioritizes the efficient use of idle funds by investing in low-risk financial products, reflecting a cautious approach to financial management [9]. - The management is committed to providing reasonable returns to investors while ensuring sustainable business growth [6][9]. Group 4: Industry Outlook and Competitive Position - The security industry is expected to continue evolving with advancements in AI and cloud technologies, which will drive growth and expand application areas beyond traditional security monitoring [9]. - The company is positioned as a leading player in the video surveillance sector, with a focus on maintaining competitive advantages through continuous R&D and innovation [3][4].