SINEE(688395)2024-05-17 07:36Revenue Performance - In 2023, the general frequency converter achieved revenue of ¥195,274,034.44, an increase of 2.70% compared to the previous year [1] - Integrated special machines generated revenue of ¥45,539,676.82, a decrease of 29.78% year-on-year [1] - Servo systems reported revenue of ¥127,388,098.40, an increase of 48.33% year-on-year, attributed to significant growth in logistics industry orders and improved sales management [1] Gross Margin Analysis - The gross margin for general frequency converters in 2023 was 39.37%, an increase of 5.57% from the previous year [2] - Integrated special machines had a gross margin of 33.56%, up by 5.89% [2] - Servo systems reported a gross margin of 22.52%, an increase of 4.27% [2] - The overall gross margin is expected to remain stable in 2024 [2] R&D Investment - R&D expenses increased by nearly 30% in 2023, with plans for continued growth in 2024 to support the development of motion controllers, PLCs, and new energy products [2] Pricing Trends - Average product prices showed a slight decline in 2023 due to reduced sales of high-priced integrated special machines and an increase in low-power product sales [2] New Energy Business Outlook - The new energy sector is currently in the stages of technical communication and solution validation, with expected significant revenue growth in 2024 compared to 2023 [2] - Future plans include focusing on user-side energy storage solutions and related products [2] Overseas Market Expansion - The company has expanded its overseas sales team and established an independent overseas sales department, resulting in revenue growth in regions such as Southeast Asia, India, and the Middle East [3] - Future plans include diversifying export products beyond frequency converters to include servo systems and integrated special machines [3]