SKYWORTHDT(SZ:000810)2022-12-04 10:26Group 1: Company Overview and Performance - In 2019, the company achieved significant growth in its main business areas, including home terminal boxes and smart access devices, leading to an overall increase in gross profit margin [1] - The company focused on optimizing its product structure and enhancing the sales proportion of high-margin products through industry alliances and new technology research [2] - In 2019, the company continued to optimize customer structure and credit policies, accelerating capital recovery while managing foreign exchange risks [2] Group 2: Strategic Focus for 2020 - In 2020, the company plans to focus on ultra-high-definition, intelligent, fiber-optic, and 5G communications [2] - The strategic initiatives include upgrading various smart terminals, expanding fiber-optic infrastructure, and developing products for mobile displays and commercial displays [3] - The company aims to enhance its operations and services, particularly in OTT service operations, which involve advertising and revenue sharing [3] Group 3: Impact of COVID-19 - The company established a COVID-19 response leadership team to manage risks and ensure operational continuity, including remote working systems [4] - Despite the pandemic, the company reported no significant impact on order execution and delivery, with overseas subsidiaries continuing normal operations [5] Group 4: Online Education Initiatives - In 2019, the company collaborated with Jiangsu Cable to create an online education service platform, leveraging its technology and network advantages [6] - The platform supports interactive live classes and resource sharing, with features like real-time recording and cross-platform compatibility [6] - Since its launch in September 2019, the platform has served thousands of students and received positive feedback, especially during the pandemic [7] Group 5: Competitive Landscape in Online Education - The company differentiates its online education products from competitors like Tencent and Alibaba by focusing on large-screen (TV) displays [7] - The collaboration with broadcasting operators enhances service quality and user development in the online education sector [8] Group 6: VR Business Development - In 2019, the company secured supplier qualifications with major telecom operators and positioned itself among the top players in the domestic VR market [8] - The domestic VR products have been launched and are generating sales, with an expected user base of around 5 million by 2020 [9]