FIYTA(SZ:000026)2026-03-25 11:14Group 1: Business Strategy and Performance - The company focuses on optimizing brand and channel structure in the watch business and investing in key resources for emerging industries to enhance operational performance [2][3] - The precision technology business currently has orders mainly from the laser and optical communication sectors, with plans to expand into aerospace, medical devices, and robotics [3][4] - The company aims to increase its market share and performance through brand differentiation and continuous optimization of channel structure [2][3] Group 2: Acquisition and Integration Plans - The acquisition of Chang Kong Gear is a key strategic move for the company's transformation, with auditing and evaluation nearly complete [3][4] - The acquisition is expected to be finalized through cash transactions, pending the completion of state asset evaluation and decision-making processes [3][4] - Post-acquisition, the company plans to leverage its strengths in R&D and market resources to integrate and grow in the precision gear and reducer industries [4] Group 3: Research and Development Focus - In 2025, the company will increase R&D investment in self-developed movements, key component manufacturing, and aerospace material applications [4] - The precision technology business will focus on new process development, equipment upgrades, and talent acquisition to strengthen its technical foundation [4] Group 4: Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of 1.20 yuan per 10 shares for the 2025 fiscal year, subject to approval at the annual shareholder meeting [6] - The company has implemented a market value management system to enhance investor communication and assess measures for stabilizing stock prices [5][6] - As of the end of 2025, the company's inventory balance was 1.728 billion yuan, a decrease of 12.93% from the previous year, primarily consisting of luxury watch products [6]