SUNSEA(SZ:002313)2022-12-07 09:06Group 1: Financial Performance - In 2014, the company's overall performance showed a significant decline, primarily due to a noticeable drop in gross margin [2] - Revenue composition: Engineering business accounted for 39%, wireless business 32%, and wired business 21%. This represents a substantial change compared to previous years, where wired business exceeded 50% in 2012 and was 30% in 2013 [2] - The continuous expansion of product range in operator centralized procurement has led to a downward trend in prices, resulting in a sustained decline in gross margin [2] Group 2: Revenue Sources - In 2014, approximately 49% of the company's revenue came from China Mobile, with key products including ODF, optical distribution frames, outdoor cabinets, and engineering services [2] - The company did not win the bid for the six-category procurement by China Mobile in 2015, which may impact future revenue [3] Group 3: Future Outlook - The total investment for 4G construction is expected to be substantial this year, with the newly established tower company set to lead the construction of 4G base stations in the second half of the year [3] - The bidding process, model, and investment scale for the tower company have yet to be officially announced [3] Group 4: Corporate Actions - The acquisition of Huitong and Changhong companies has not progressed significantly since the signing of the letter of intent, with the company taking a cautious approach to new business ventures [3] - The controlling shareholder is currently under a lock-up period, with the release scheduled for July 18 of this year [3]