Beijing JCZ Technology (SH:688291)2024-04-23 11:24Group 1: Company Overview and Operations - The Suzhou factory, a wholly-owned subsidiary, is currently under construction and has not yet reached operational status. The main business focuses on laser processing application solutions and high-precision mirror products [2]. - The company is actively developing related products and technologies at the Suzhou facility [2]. Group 2: Share Buyback and Stock Performance - The company has implemented share buyback measures in response to stock price declines. Further details can be found in the company's periodic announcements [2]. - The first quarter sales revenue increased by 3.10% year-on-year, but net profit decreased primarily due to rising expenses [2]. Group 3: Future Plans and Sales Projections - Currently, there are no plans for integrating the upstream and downstream supply chain, but the company may consider this in the future when suitable opportunities arise [3]. - The sales of servo control systems are expected to see significant growth in 2024, with sales strategies already distributed to regional sales teams. The company has also hired several experienced sales personnel this year [3].