BNCT(SH:688282)2023-10-30 08:50Group 1: Company Overview - The company, Beijing Institute of Technology Navigation Control Technology Co., Ltd., was established in 2016, focusing on high-precision inertial navigation and control technology for complex battlefield environments [3] - The core team has been involved in the development of the first generation of military precision-guided munitions since the early 1990s, with a long product lifecycle [3][4] Group 2: Product and Client Information - The main products include the 51-type and 51A-type inertial navigation systems, primarily used in long-range guided munitions [5] - The primary clients are military units under the Weaponry Group, with additional clients in aerospace, aviation, and maritime sectors [4] Group 3: Financial Performance - The company's revenue in Q3 2023 saw a significant decline compared to the same period last year, primarily due to external environmental factors and production delays from upstream suppliers [5] - The company has received recent orders from a client under the Weaponry Group [5] Group 4: Share Repurchase and Future Plans - The company plans to use part of the raised funds for share repurchase to enhance employee motivation and maintain investor confidence [6] - The share repurchase has already commenced, with further details to be announced [6] - The optical fiber gyroscope production project is actively under construction, expected to reach operational status by the end of this year [6][7] Group 5: Communication and Governance - The company aims to enhance operational performance and governance through improved communication with investors and potential investors [7] - The activity does not involve any major information that needs to be disclosed [7]