INVT(SZ:002334)2023-07-31 08:19Group 1: Investor Relations Activities - The company conducted various investor relations activities including analyst meetings, media interviews, performance briefings, and site visits [2] - Notable participants in these activities included major financial institutions such as CICC, Central European Fund, and Point72 [2] - The activities took place at the Yingweiten Guangming Technology Building on July 26-28, 2023 [2] Group 2: Industrial Automation Business Insights - The industrial automation sector is currently dominated by foreign brands, particularly from Europe and the US, with the company focusing on product combinations to enhance market share [3] - The company has maintained stable growth in its industrial automation business since its inception, with ongoing organizational reforms contributing to this growth [3] - Key aspects of organizational change include strategic responsibility allocation, increased investment in technology R&D, and product structure optimization [3] Group 3: Financial Performance and Market Trends - The company has observed rapid growth in mid-to-high voltage products and overseas sales, with stable overall gross margins in the industrial automation sector [4] - The decline in gross margin in 2022 was primarily due to supply chain issues and changes in product and business structure [4] - The company has established branches in Europe, the Middle East, India, and Southeast Asia, with no current export restrictions affecting operations [4] Group 4: Collaboration and Product Development - The company’s four main business areas—industrial automation, network energy, new energy vehicles, and photovoltaic storage—collaborate on large projects to provide integrated solutions [4] - The company is focusing on the commercial vehicle sector for new energy vehicles, while also investing in passenger vehicles as a future growth area [4] - The photovoltaic division is actively developing and marketing solar inverters and energy storage inverters, with overall positive growth [4]