TECH-LONG(SZ:002209)2025-12-21 15:06Group 1: Company Overview and Operations - The company has seen a steady increase in gross margin due to optimizing product structure, enhancing internal management, improving product quality, and continuously promoting cost reduction and efficiency enhancement [2][3]. - The company's OEM business primarily involves the production and processing services of PET bottle preforms, bottled beverages, and daily chemical liquid detergents [3]. Group 2: Product Applications and Market Strategy - Aseptic filling equipment is widely applicable in the production of functional beverages, fruit juices, dairy products, tea drinks, carbonated beverages, and bottled drinking water [3]. - The company expands its market in Southeast Asia mainly through partnerships with agents, leveraging their local insights and resources to effectively reach target customers [3]. Group 3: Financial Management and Risk Mitigation - The company reports that its major clients in India have a good payment performance with no significant default risks to date [3]. - Overseas revenue is primarily settled in USD, with RMB and other currencies used for regional business transactions. The company closely monitors exchange rate fluctuations and may engage in foreign exchange hedging to manage risks [3]. Group 4: Cost Management and Future Plans - According to the company's Q3 2025 report, sales, management, and financial expense ratios are all below industry averages, indicating effective cost management [4]. - The company plans to continue controlling the growth of expenses through proactive and effective cost management strategies [4].