SINEE(SH:688395)2024-01-16 07:36Group 1: Competitive Advantages and Product Development - The company's competitive advantages in inverters and servo systems are based on four key aspects: focus on core technology and new product development, a strong industry application expert team, a nationwide service center network in 28 major industrial cities, and a robust supply chain system ensuring timely response and delivery to customer needs [1] - The company emphasizes continuous investment in R&D to enhance product performance, reliability, and functionality [1] Group 2: Product Components and Profit Margins - The core components of the company's products are sourced from both domestic and imported suppliers, with an increasing proportion of domestic components expected as localization progresses [2] - The gross profit margin for the first three quarters of the year is 32.39%, an increase of 3.23% compared to the same period last year, attributed to technological innovation and cost reduction efforts [2] Group 3: Market Expansion and Future Plans - The overseas sales team has been established, achieving some growth in sales revenue compared to the previous year, although the overall scale remains small; future market expansion will focus on Southeast Asia, South Asia, the Middle East, Africa, and the CIS [2] - In 2024, the company plans to focus on customer-centric business development in industrial automation and renewable energy sectors, with an emphasis on product development in the drive and control layers [2]