UNILUMIN(SZ:300232)2025-09-09 11:13Group 1: Business Development and Strategy - The company has elevated its "LED+AI" business to a strategic level, focusing on building an intelligent scene ecosystem and developing proprietary AI SOC systems based on Huawei Harmony [1] - In the first half of 2025, the company signed a bulk delivery agreement for 1,500 AI integrated machines with Hong Kong Science Group, indicating accelerated commercialization of its "LED+AI" strategy [3] - The company plans to deepen its "LED+AI" strategy while expanding overseas markets and integrating technology with business to unlock further commercial value [3] Group 2: Market Position and Value Management - The company emphasizes three aspects for market value management: solidifying core business, enhancing brand recognition, and improving shareholder returns [4] - Over the past three years, the company has distributed a total of 331 million CNY in dividends and repurchased shares worth 67 million CNY, with 261 million CNY dividends completed for 2024 [4] - The company aims to maintain a competitive edge by focusing on mid-to-high-end products and differentiating from low-cost competitors through quality and technology [5] Group 3: Competitive Advantages - The company holds competitive advantages in overseas markets through differentiated technology and products, including Mini/Micro LED display technology and "LED+AI" interactive solutions [6] - It has established a global sales network covering over 160 countries, allowing for quick responses to regional market demands [7] - The brand has built a reputation for high quality and reliability, which supports product premium pricing and market expansion [7] Group 4: Asset Management and Risk Control - The company has implemented a comprehensive asset impairment management system, ensuring that the risk of impairment for receivables and inventory is controllable [8] - A proactive approach to receivables management includes a "prevention + multi-dimensional collection" system to minimize impairment risks [8] - Inventory management focuses on reducing stock levels and improving turnover rates through targeted promotional plans and enhanced supply chain efficiency [8]