Group 1: Company Overview - The main products of the company include micro speakers, micro receivers, and integrated modules, widely used in consumer electronics such as smartphones and tablets [3] - The revenue composition of audio products is approximately 2:1 for marine speakers and upright speakers [4] Group 2: Competitive Advantages - The company has a high customer concentration with long-term stable relationships with major brands and ODM manufacturers, supported by over 60 authorized patents [5] - The company possesses multiple fully automated assembly lines, enabling quick responses to diverse customer orders [5] Group 3: Customer Composition - Sales are conducted through direct sales, with domestic sales primarily targeting ODM manufacturers and export sales focusing on overseas audio product brands [6] - The top five customers are mainly in the consumer electronics sector, with the first two customers accounting for approximately 40% of total sales from 2020 to 2022 [6] Group 4: Financial Performance - In the first three quarters of 2023, the company reported revenue of 466 million CNY, a decrease of 9.64% year-on-year, and a net profit of 23.28 million CNY, down 56.72% [7] - The decline in net profit is attributed to reduced average prices of micro-electroacoustic products, decreased overseas sales, and a significant reduction in credit impairment reversal compared to 2022 [7] Group 5: Market Trends - There has been a slight increase in the procurement prices of micro-electroacoustic products since the fourth quarter of 2023 due to a gradual recovery in the consumer electronics industry [8]
豪声电子(838701) - 投资者关系活动记录表