Financial Performance - In Q3 2023, Sichuan Huafeng Technology Co., Ltd. achieved revenue of 203 million CNY, a decrease of 8.18% compared to the same period last year [2] - The net profit attributable to shareholders in Q3 2023 was 2.0531 million CNY, down 92.11% year-on-year, primarily due to increased R&D investments and a decline in NRE compensation fees [2] - For the first nine months of 2023, the company reported revenue of 619 million CNY, a decrease of 12.41% year-on-year [2] R&D Investment - R&D expenditure in Q3 2023 was 25.3678 million CNY, an increase of 33% compared to the same period last year [3] - The company continues to focus R&D investments in defense, communications, and industrial sectors, specifically in areas like missile platforms, high-speed backplane connectors, and automotive high-speed connectors [3][4] Market Insights - The market size for high-speed backplane connectors in China was approximately 613 million USD (about 3.908 billion CNY) in 2022, with the company generating over 200 million CNY in revenue from this segment [3] - The company is actively expanding its market presence beyond Huawei, targeting clients such as Fenghuo and Xinhua San [4] Challenges and Strategies - The company faces challenges in the defense sector due to mid-term adjustments affecting bulk orders, but it is addressing price pressures through cost reduction and new product development [4] - The automotive high-speed connector is a key focus area for the company, with samples already developed and currently undergoing client certification [4]
华丰科技(688629) - 投资者关系活动记录表-2023年10月28日