THD(SZ:300397)2025-08-13 09:28Business Overview - The company focuses on the research, production, and delivery of low-altitude short-range defense equipment, emphasizing the development of low-altitude air superiority capabilities [2][3] - The business layout includes military and civilian applications, with military products primarily developed by the subsidiary Tianwei Electronics, and civilian products focused on the RF industry [3] Military Equipment Business - The core of the military equipment business is the new generation of integrated short-range defense systems, with a strategic focus on "anti-drone systems" [4] - Key products include portable air defense missile command systems, battlefield communication command systems, and various radar systems [4] Market Demand and Trends - The demand for border and coastal security equipment is influenced by international situations, with increased needs for anti-drone and anti-unmanned vessel solutions in critical areas [5] - The company has signed contracts for the upgrade of portable air defense missile command systems, with a contract value of approximately 260 million RMB, indicating a potential for sustained orders [5] Communication and Compliance - The company ensured thorough communication with investors during the visit, adhering to regulations and avoiding any disclosure of undisclosed significant information [5]