FINGU(SZ:002194)2022-12-03 10:14Group 1: Company Performance and Financials - The company has submitted the 2018 annual report inquiry response materials to the Shenzhen Stock Exchange, which are currently under review [2] - In 2018, the overall communication industry faced intensified competition, leading to a decline in sales revenue, while the gross profit margin increased due to resource integration and cost reduction measures [3] - The company's major clients include Huawei, Ericsson, and Nokia, accounting for 49%, 21%, and 20% of sales respectively in 2018 [4] Group 2: Accounts Receivable and Client Relationships - The company maintains stable relationships with strong international telecom equipment integrators, ensuring timely repayment of accounts receivable within credit terms [3] - The company’s clients typically conduct bidding processes at the end of the year or mid-year, which influences future order volumes [4] Group 3: Shareholder Actions and Stock Repurchase - The company’s board member reduced holdings by 4,000 shares in May 2019, while a major shareholder reduced holdings of 54,000 shares in April 2019, acknowledging the seriousness of the violation [5] - The company plans to repurchase shares with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum price of RMB 7.5 per share [5] Group 4: Employee and Organizational Structure - The company currently employs around 4,000 people and aims to enhance human resources to meet business needs [8] Group 5: Product Development and Market Impact - The company offers various 5G filter products, including metal cavity and dielectric resonator types [7] - The impact of the Huawei incident on the company’s order volume has been minimal, with current orders remaining robust [7]