AVD(SZ:300939)2025-10-17 09:42Group 1: Company Overview and Product Development - The company has established mass production capabilities for electronic paper products and achieved small batch shipments as of the 2024 annual report [3] - The company has applied for 32 patents related to electronic paper technology, with 6 invention patents and 8 utility model patents granted as of December 31, 2024 [3] - The electronic paper market is projected to reach approximately $14.2 billion in 2024, with a year-on-year growth of 29%, and is expected to exceed $20 billion by 2028, with a compound annual growth rate (CAGR) of over 10% [3] Group 2: Market Applications and Competitive Advantages - The electronic paper technology is suitable for various applications, including electronic price tags, electronic readers, and smart home devices [3] - The company has a strong focus on customized touch display products, with core technologies in ARM control boards, industrial computers, and various display modules, leading to a competitive edge in the market [4] Group 3: Sales and Market Management - In the first half of 2025, the company's overseas sales accounted for 42.06% of total revenue, with major exports to North America, Europe, and Asia [6] - The company employs 70 sales personnel, focusing on customized products for terminal manufacturers and technology service providers [5] Group 4: Future Plans and Strategic Management - The company is developing a production base in Thailand to enhance overseas production capabilities [6] - The company aims to seek investment and acquisition opportunities that align with its strategic goals, focusing on upstream and downstream industries to enhance its competitive position [6]