ZTBH(SZ:000957)2026-01-28 09:48Group 1: Export Performance - The company has exported products to over 100 countries and regions, with steady growth in export revenue in 2025, particularly in the South American market [2] - The gross profit margin for new energy vehicles is slightly higher than that of fuel vehicles [2] Group 2: European Market Strategy - Europe is a key strategic market for the company, with noticeable sales growth in 2025, although the absolute volume remains small [2] - The company faces challenges in entering the European market, particularly in product development and certification, but is actively working on multiple product certifications [2] Group 3: Cost Control Measures - The company has established a mature cost control system, including strict budget management and centralized procurement for travel and dining expenses [3] - Although the space for cost control is limited, the company aims to optimize management to contribute to profits without affecting normal business operations [3] Group 4: Dividend Policy - The company is in a critical development phase and will balance market conditions, cash flow, and future funding needs when considering its dividend policy [3] - Plans for multi-period dividends are in place to boost investor confidence while focusing on overseas market expansion, product high-end development, and management optimization [3]