SUNSEA(SZ:002313)2022-12-07 09:31Group 1: Company Operations and Market Insights - The company anticipates that China Telecom will increase its investment in fixed networks, which is its core business, while China Unicom and China Mobile will focus on base station construction [2] - The price of PLC optical splitter chips has significantly increased, but the supply price is expected to remain at the previous bidding price [2] - The overall gross margin of the company is expected to decline due to the rising prices of raw materials for chips [2] Group 2: Industry Trends and Competitive Landscape - In 2014, China Mobile's new base station construction was estimated at around 200,000 sites, with expectations for 2015 to remain stable or slightly decrease [3] - The design lifespan of ODN products used by operators is approximately 8-10 years, but network optimization may affect the update cycle [3] - The competitive landscape in the industry has become increasingly intense, with significant changes in the bidding situation among companies [3] Group 3: Financial and Operational Challenges - The overall payment terms for operators are extending, leading to an increase in the company's accounts receivable [3] - The company is actively seeking credit limits from banks to address current operational funding issues [3] - Production capacity is gradually shifting from Shenzhen to Wuhan, and current capacity is sufficient to meet order demands [3]