Raytron(SH:688002)2024-04-23 10:14Group 1: Company Performance Overview - The company achieved operating revenue of 355,859.63 million CNY in 2023, representing a year-on-year growth of 34.50% [3] - The net profit attributable to the parent company was 49,576.85 million CNY, an increase of 58.21% compared to the previous year [3] - In Q1 2024, the company reported sales revenue of 100,686.68 million CNY, up 27.47% year-on-year, with a net profit of 12,856.71 million CNY, reflecting a growth of 57.56% [4] Group 2: Technological Advancements - The company continues to focus on the infrared, microwave, and laser sectors, enhancing its core technologies in multi-spectral sensing [4] - Development of a 10μm ultra-large area 2560×2048 high-sensitivity detector has been completed, with new packaging technologies being developed for future applications [3] - The laser business is advancing with a focus on laser perception technology, including the development of solid-state lasers and 3D laser imaging [5] Group 3: Market Expansion and Strategy - The company is actively expanding both domestic and international markets, with a focus on automotive applications, including partnerships with major players like BYD and Geely [5] - Adjustments in sales strategy have been made to enhance overseas market performance, with a focus on industrial applications as a new growth point [6] - The company is committed to continuous innovation and development to meet the evolving needs of various sectors, including industrial manufacturing and smart vehicles [4] Group 4: Shareholder Engagement and Financial Strategies - An employee stock ownership plan has been introduced to enhance employee cohesion and align interests between employees and shareholders [7] - The company has completed a previous buyback plan, repurchasing shares worth 19,997.69 million CNY, and is initiating a new buyback plan with a budget of 100 to 200 million CNY [8]