SHENGLU TELECOM(SZ:002446)2025-05-14 11:02Group 1: Industry Outlook - The overall outlook for the industry is positive, driven by factors such as infrastructure development, accelerated satellite internet, and the pursuit of higher living standards, indicating a stable growth trajectory for the sector [2][4]. Group 2: R&D Progress - The Ka-band phased array antenna project has completed sample production, while the Sub-6G IoT terminal development project is ready for mass production [3]. - The company has increased R&D expenses to maintain competitive advantages, focusing on core business areas and talent acquisition [4]. Group 3: Financial Performance - In 2024, the company achieved operating revenue of CNY 1.082 billion, with a net profit attributable to shareholders of CNY -749 million, primarily due to asset impairment provisions [5]. - The company reported a 28% year-on-year increase in operating cash flow, maintaining a positive cash flow status [5]. Group 4: Business Strategy - The management aims to enhance the microwave electronics business through a strategy focused on "technological leadership, market breakthroughs, and management upgrades" [3]. - The company plans to leverage its technological advantages to penetrate the high-end market in the competitive indoor antenna sector [4]. Group 5: Shareholder Engagement - The company will not distribute cash dividends or issue bonus shares for the 2024 fiscal year, as detailed in the profit distribution announcement [4]. - The share repurchase program is set to commence within twelve months from January 3, 2025, based on market conditions [5].