SNBC(SZ:002376)2022-12-03 09:52Business Structure and Revenue Composition - In 2017, traditional business accounted for approximately one-third of revenue, while the focus areas of finance and logistics made up about two-thirds. The future target is for finance, logistics, new retail, and traditional business to each represent one-quarter of total revenue [4] - In the logistics sector, around 70% of revenue came from logistics cabinet products, with over 20% from information technology terminal products like electronic waybill printers and portable printers [8] Industry Focus and Strategic Development - The company is focusing on the financial and logistics sectors, enhancing market development, and actively cultivating the new retail sector to create new profit growth points [5] - In the financial sector, the company aims to promote smart teller machines and solutions, expand the coin product sales scale, and improve the large storage device product line [5] - In the logistics sector, the company is maintaining growth in smart parcel lockers and accelerating the promotion of information technology terminal products [5] New Retail Sector Insights - The new retail industry includes self-service vending terminals, unmanned supermarket solutions, and unmanned shelves, with a focus on smart micro-supermarkets and retail self-pickup terminals [6] - The sales cycle for new retail self-pickup cabinets is approximately three months from order to revenue recognition [9] - The company does not observe significant seasonality in the sales of new retail self-pickup cabinets [10] Competitive Advantages - The company possesses technological innovation advantages, precision processing capabilities, and early market entry, which contribute to its competitive edge in the new retail sector [7] - The gross profit margin for financial, logistics, and new retail products ranges from 30% to 60%, with financial products having the highest margins [14] Production Capacity and Future Plans - The company plans to achieve an annual production capacity of 250,000 self-service integrated products by the end of 2018, following the completion of its fundraising projects [13] - The company is addressing funding issues for new retail customers by recommending financing leasing options through its subsidiary [15] Shareholder Actions - On May 16, 2018, the company disclosed a minor share reduction plan by some executives, which accounted for only 0.79% of the total share capital, indicating confidence in the company's future [17]