Mentech(SZ:002902)2025-05-09 10:57Group 1: Company Performance and Strategy - The company achieved a revenue decline of 14.79% in 2024 due to a market slowdown and strategic adjustments, focusing on high-margin products [8][9] - The company plans to enhance its core competitiveness by concentrating on high-efficiency businesses and adjusting low-efficiency segments [8] - The company aims to achieve a dual-driven strategy of "To B + To C" in the fields of "new energy + computing power + robotics" [7][8] Group 2: Product Development and Market Expansion - In 2024, the company successfully developed 10 new products, including 4 network power products and 6 cycling equipment, enhancing its product matrix [6][7] - The company is actively expanding its overseas market presence, establishing a wholly-owned subsidiary in Singapore to target the Southeast Asian market [5][6] - The company has introduced a new modular high-density power supply for 5G base stations, aiming to maintain shipment scale and improve profitability [5] Group 3: Industry Trends and Future Outlook - The global magnetic components market is projected to reach approximately 160 billion yuan in 2024, with a year-on-year growth of around 6% driven by demand in new energy, electric vehicles, and 5G communication [10][11] - The demand for high-speed optical modules is expected to grow significantly, with a forecasted compound annual growth rate of over 40% for 800G, 1.6T, and 3.2T optical modules from 2023 to 2028 [11] - The company is committed to leveraging industry opportunities to enhance its core competitiveness and achieve high-quality development [11] Group 4: R&D and Innovation - The company's R&D investment accounted for 8.27% of its revenue, reflecting an increase from the previous year, focusing on key business areas [12] - The company is pursuing technological innovation and advanced manufacturing to strengthen its market position in the communication sector [7][8] - The company is exploring new business areas and extending its operational boundaries to build a new business strategic coupling ecosystem [7][8]