JJHB(SH:603279)2023-11-28 10:37Group 1: Production and Operations - The production cycle for the company's filter press machines is generally 1-3 months, as they are mainly customized products [1] - The company has seen continuous revenue growth due to innovation-driven development and expansion of product application areas, with an increase in product orders and sales volume [1] - The company plans to continue focusing on its core business and actively develop supporting equipment to drive sustainable growth [1] Group 2: Business Adjustments - The company announced a change in its business scope on October 28, 2023, due to the implementation of a photovoltaic power generation project in part of its production workshops [1] - The final content of the business scope change will be subject to approval by the market supervision and management department [1] Group 3: Inventory Management - The company's inventory consists mainly of raw materials, self-made semi-finished products, finished products, and goods in transit, with the highest proportion being goods in transit [2] - The increase in inventory is attributed to the growth in business scale and the rise in unfinished orders, leading to a higher balance of goods in transit [2] - The risk of significant impairment is low as all products are customized with signed sales contracts [2]