SUNSEA(SZ:002313)2022-12-07 09:40Group 1: Company Performance - In 2014, the company's performance declined significantly, primarily due to a noticeable drop in gross margin [2] - The expansion of product procurement by operators has led to a continuous decrease in prices, resulting in a sustained decline in gross margin [2] - Despite the challenges, the company's main business still has market opportunities due to the increase in capital expenditure plans by operators for 2015 [2] Group 2: Business Development Outlook - The total investment for 4G construction in 2015 is expected to be substantial, with the establishment of the tower company expected to lead the construction of 4G base stations in the second half of the year [2] - The growth of wireless business remains uncertain due to the lack of formal announcements regarding the bidding processes and investment scales from the tower company [2] - The wired business faces pressure due to the failure of bids for six types of wiring products by China Mobile [3] Group 3: Innovation and New Technologies - The company is focusing on business model innovation this year [3] - The smart ODN business is being cautiously promoted by operators due to high construction costs, which are approximately double that of traditional ODN, despite lower maintenance costs [3] - The price of PLC optical splitter chips has significantly increased, impacting the overall gross margin trend as the scope of centralized procurement continues to expand [3] Group 4: Specific Business Areas - The main business of "Octopus" involves smart underground pipeline networks, which have a promising application in urban pipeline construction due to faster construction times and lower costs compared to traditional methods [3]