S-KING(SH:688328)2023-10-31 10:31Group 1: Financial Performance - The company reported a significant loss in Q3 2023 due to a sharp decline in revenue, achieving approximately 80 million yuan, which is a substantial decrease compared to Q2 2023 [2] - The sales gross profit was insufficient to cover the period expenses, leading to the large loss [2] Group 2: Product Development and Clientele - The company has developed several VR production devices, including 3D VR thermal bonding equipment and IJP devices, primarily serving well-known international clients [3] - The company is committed to enhancing its VR equipment offerings to become a new growth point for performance [3] Group 3: Sales and Marketing Expenses - The increase in sales expenses is attributed to two main factors: the expansion of new business areas and increased share-based payment expenses due to stock incentives for key sales personnel [4] Group 4: Revenue Goals - The company aims to meet its annual revenue targets as outlined in the initial stock incentive plan, while remaining adaptable to market demand and order conditions [4]