Longtech(SZ:300916)2025-05-08 09:54Group 1: Company Performance and Revenue - The overseas revenue for 2024 increased by 9.3% compared to 2023, primarily driven by other smart products [2] - The company's overseas direct sales accounted for 29.71% in 2024 [4] - The first quarter of 2025 saw a decline in revenue and profit due to external macroeconomic uncertainties affecting consumer electronics [3][4] Group 2: Business Development and Strategy - The company is actively expanding its market presence in regions such as the "Belt and Road" countries, Europe, and Southeast Asia to reduce reliance on a single market [3][4] - The construction of the Thailand base is progressing, with the main structure completed and expected to be partially operational by June [3] - The company plans to continue its global strategy and enhance its market share through various initiatives [3] Group 3: Cost Control and Efficiency Measures - In 2024, the company implemented cost control measures that resulted in a lower growth rate of expenses compared to revenue [5] - The company initiated lean projects to improve production efficiency, completing 94 key projects to enhance material management and reduce costs [5] Group 4: Product Development and Market Trends - The company is focusing on artificial intelligence applications, including robotics path planning and voice recognition technologies, primarily in smart home appliances and consumer electronics [3][6] - The smart controller market is expected to grow significantly due to advancements in technology and increasing consumer demand for quality [6] - The company is committed to expanding its product offerings in emerging sectors such as new consumer electronics, automotive electronics, and energy storage [6]