FINGU(SZ:002194)2022-12-06 07:24Financial Performance - The company projected a total loss of between 30 million to 40 million RMB for the year, with an actual loss of 165 million RMB reported [2][3] - In the first quarter, the company experienced a significant decline in sales due to delayed customer orders, resulting in a year-on-year sales drop [5] Operational Improvements - The company has implemented measures to address performance decline, including organizational restructuring, workforce reduction, automation upgrades, and budget control [3] - Since February 2017, the company has enhanced inventory management with more detailed and larger-scale inventory checks [4] Financial Management - The company raised 130 million RMB through a private placement last year, which did not meet expectations, prompting adjustments to funding strategies [4] - The company has not yet engaged in large-scale hedging due to the need for a specialized team and the complexity of the involved products [5] 5G Development - The company is actively participating in the 5G testing phase, having already shipped small batches of products to support system integrators [7] - The implementation of 5G will occur in two phases, with the first focusing on frequencies below 6GHz and the second introducing higher frequencies [7] Market Conditions - The domestic telecom operators have slowed their investment in 4G network construction, impacting the overall market dynamics [6] - The company aims to maintain stable gross margins through research and management improvements, despite the cyclical nature of the telecom network construction [6]