INVENGO(SZ:002161)2022-11-22 03:01Group 1: Company Strategy and Development - The company focuses on a combination of endogenous and exogenous growth strategies, emphasizing internal growth as the primary approach [2][3] - The strategic positioning aims to become a world-class IoT solution provider centered on RFID technology, targeting markets such as smart railways, cultural tourism, and smart retail [3][4] - The company has maintained a research and development investment ratio of over 10% of sales revenue for many years [3][6] Group 2: Financial Performance and Management - As of Q1 2021, the company's asset-liability ratio was 46.21%, with short-term loans of CNY 321 million and long-term loans of CNY 452 million [5][6] - The company has experienced significant fluctuations in profits due to changes in the market value of trading financial assets, with a notable increase in 2019 and a substantial loss in 2020 [8][10] - The company is actively implementing measures to improve operational efficiency and profitability in response to market uncertainties [5][8] Group 3: Market Position and Competitive Advantages - The company has established a competitive edge through rapid market response and personalized service offerings for various industry clients [5][6] - It has developed a total of 405 authorized patents and has participated in the formulation of 5 national standards and 16 industry standards [5][6] - The company has a first-mover advantage in sectors such as railway vehicle identification, library management, and retail IoT [5][6] Group 4: Future Growth and Challenges - The company anticipates that its growth over the next 3-5 years will primarily come from its core business areas, including smart railways and cultural tourism [7][8] - The competitive landscape in the IoT perception layer is intense, requiring the company to continuously innovate and enhance its core competencies [6][7] - The company is committed to exploring new business models that integrate IoT, 5G, cloud computing, and big data technologies [8][10]