FORE(SZ:301368)2024-05-16 10:54Group 1: Financial Performance - In 2023, overseas revenue accounted for 44.84% of total revenue [2] - The company's net profit decreased by 46.34% compared to the previous year [4] - Revenue in Q1 2024 increased by 17.98% year-on-year, primarily due to a 97.35% decline in government subsidy income [4] Group 2: Research and Development - R&D investment in 2023 increased by 8.76% year-on-year [5] - Key areas of R&D include high-precision low-noise harmonic reducers and electric vehicle components [2][3] - The company is focusing on optimizing product structure for new energy vehicle precision transmission gears [6] Group 3: Market Expansion and Strategy - The company successfully acquired 80 acres of land for future business development [3] - Plans to enhance market expansion and customer service capabilities are in place [5] - The company aims to leverage Bosch's influence in Europe to secure more orders in smart home, new energy vehicles, and robotics [7] Group 4: Production Capacity and Orders - The production capacity utilization rate in 2023 was approximately 60-70% [7] - The company reported a substantial order backlog for Q2 2024, with a 20% increase in production capacity anticipated [7] - The company is actively expanding its customer base and product application areas to mitigate operational risks [7]