Appo(SH:688007)2023-11-20 02:26Group 1: Investor Interaction and Communication - The company conducted 46 roadshows and received over 90 investors from more than 80 institutions between September and November 2023 [1] - The company received a total of 205 investor inquiries during the same period [1] - A performance briefing for Q3 2023 was held on November 13, 2023, to provide insights into the company's operational results and financial status [1] Group 2: Financial Performance - The company's gross margin for Q1 2023 was 35.37%, Q2 was 39.44%, and Q3 was 38.91%, resulting in an average gross margin of 38.12% for the first three quarters [2] - The increase in gross margin is attributed to a shift in business structure, with a decrease in TO C business and an increase in high-margin TO B business [2] Group 3: Overseas Market Expansion - The company's overseas revenue for the first half of 2023 was 188.84 million yuan, a 24.51% increase from 151.68 million yuan in the same period last year [3] - The company is focusing on expanding into Europe, North America, and Southeast Asia, leveraging policies like the Belt and Road Initiative [4] Group 4: Automotive Sector Developments - The company has established six partnerships in the automotive sector, focusing on vehicle display, AR-HUD, and laser headlights [6] - The company is a strategic partner with Huawei for vehicle-mounted intelligent cockpits and has received development notifications from automakers like Seres and BAIC New Energy [4][6] - The company aims to enhance its automotive business through partnerships with leading domestic and international car manufacturers [6] Group 5: Product Innovations and Competitive Advantages - The company's ALPD® semiconductor laser technology offers advantages such as high brightness, low energy consumption, and long lifespan for automotive laser headlights [5] - The ALPD® technology is the only laser source technology that meets automotive regulations, providing a competitive edge over other light source technologies [7] - The company has launched the world's first automotive-grade color laser headlights at the Shanghai Auto Show in April 2023 [10] Group 6: Research and Development - The company is actively advancing its R&D projects, including "Innovative Projection Optical Applications," which focuses on vehicle-mounted displays and smart automotive experiences [4] - The company has established a comprehensive intellectual property management system to protect its innovations and contribute to industry standards [12]