Costar Group(002189)2022-12-03 08:52Group 1: Company Overview - The company reported a gross profit margin of 13.18% for the first nine months of 2020, down from 18.54% in the same period last year, primarily due to increased expenses and changes in business structure [2][3] - The decline in gross profit margin is attributed to a higher proportion of lower-margin projection equipment and accessories in total revenue [2] Group 2: Business Performance and Strategy - The projection business, primarily based on OEM and ODM models, has low profit margins due to market expansion strategies [3] - Future improvements in the projection business are expected through enhancing core competencies in manufacturing, market development, technology research, cost control, and supply chain management [3] - The optical components are applied in mobile phone fields, with key components supplied to module manufacturers after certification by phone manufacturers [3] Group 3: Investment and Financing - The slow progress of fundraising projects is due to the feasibility study and project initiation conducted in 2017, with implementation delayed by the COVID-19 pandemic [3] - The timeline for project completion has been postponed from September 2020 to September 2021 [3] - The company is open to refinancing based on business development needs and will disclose any refinancing matters in a timely manner [3] Group 4: Research and Development - The company places a high emphasis on R&D, with R&D expenditures consistently accounting for over 5% of revenue [3] - Increased R&D investment has contributed to stable business growth and the exploration of new opportunities [3]