FINGU(SZ:002194)2022-12-03 09:20Group 1: Company Performance and Goals - The company has started to reduce losses in the mid-year report and aims for profitability by the end of the year [2] - Employee count has decreased by several hundred compared to the end of last year, with a reduction of over 100 in R&D personnel, although core R&D staff remains stable [3] Group 2: Product Development and Market Position - The RF subsystem includes products such as duplexers, filters, couplers, and low-noise amplifiers [3] - The main difference between 5G and 4G RF products is frequency and miniaturization; initial costs for 5G products may be higher, but costs are expected to converge as the industry matures [3] - The company is not significantly affected by the ZTE incident, as it does not rely heavily on chips and can source raw materials domestically [4] Group 3: Inventory and Production - Inventory accounts for 15.72% of total assets, primarily consisting of mobile communication RF device stock, raw materials, and semi-finished products [5] - The company has seen significant improvement in inventory turnover compared to previous years, indicating a reasonable inventory level based on production and sales models [5]