ECT(SZ:300679)2025-11-20 10:00Group 1: Financial Performance and Cost Management - The company's operating expenses increased significantly due to capacity expansion and business development, impacting profits [1] - In the first three quarters, the total expenses amounted to approximately 774 million RMB, with cash payments for fixed assets and other long-term assets around 244 million RMB [18] - The company aims to manage the expense ratio better in the future as new capacities come online and efficiency improves [2] Group 2: Market Position and Communication - The company acknowledges the need for improved communication with the capital market regarding business progress and operational status [2] - The company has achieved over 10% market share in the automotive wiring harness segment, breaking foreign monopolies [21] - The company plans to continue optimizing investor communication mechanisms to timely convey operational dynamics [2] Group 3: Product Development and Industry Trends - The company is actively monitoring industry trends and customer needs, focusing on optimizing global supply chain layouts and enhancing product competitiveness [6] - The automotive connector products are expected to account for approximately 31.34% of the 2024 revenue [12] - The company is exploring opportunities in the robotics and AI server sectors, although the market is still developing [11] Group 4: Production and Capacity Expansion - The company is expanding production capacity for automotive connectors based on customer orders, with current production running normally [15] - The specific production timeline for the Hefei factory will be disclosed according to project progress and regulatory requirements [3] - The company is committed to ensuring that new expenditures translate into economic benefits through efficient usage [8]