Yongjin Technology (SH:603995)2024-05-07 09:52Group 1: Corporate Strategy and Development - The company aims to enhance its core competitiveness by developing a complete talent management system and improving organizational capabilities [1] - The strategic goal includes diversifying into new business sectors while maintaining a focus on stainless steel as the core business [2] - The company has established a subsidiary in Singapore and an overseas production base in Vietnam to support its internationalization strategy [2][3] Group 2: Financial Performance and Shareholder Returns - The company emphasizes cash dividends and aims to provide excellent performance to shareholders [2] - A financial budget report for 2024 has been disclosed, outlining expected financial performance [3] Group 3: Risk Management and Governance - The company has a robust internal governance structure, ensuring compliance with legal and regulatory requirements [2] - A risk assessment team has been established to identify and manage potential risks effectively [3] Group 4: Research and Development - The company continuously develops new products, including special steel grades for various applications, and has achieved stable supply of recycled materials [4] - The focus on precision cold-rolled stainless steel has led to the development of ultra-precision foil materials for high-tech applications [4] Group 5: Market Position and Competitive Advantage - The company maintains a competitive edge through technology, cost management, and effective governance [5] - Products are positioned in the mid-to-high-end market, with a focus on quality and cost-effectiveness, catering to sectors like electronics, healthcare, and construction [5]