Focus Tech.(SZ:002315)2022-12-08 06:44Group 1: Main Business Directions - The company has identified three main business directions since 2013: foreign trade B2B, insurance B2C, and domestic trade B2B [1] - The foreign trade B2B business is currently undergoing a transformation, aiming to extend services from information flow to comprehensive foreign trade services [1] - Domestic trade B2B is leveraging the Baizhuo procurement network, shifting from solely charging membership fees to providing free procurement management software to increase customer numbers [1] - The insurance B2C sector faces challenges, particularly high customer acquisition costs and the inability to facilitate online insurance purchases for life insurance, which constitutes the largest share of the insurance industry [1] Group 2: Supply Chain Finance and M&A Interests - The company is involved in supply chain finance, particularly in assisting clients with tax refunds and providing financing services if needed [2] - The company does not target B2B acquisitions due to past experiences indicating limited synergy; however, it is interested in upstream and downstream businesses such as logistics and trading companies [2] - The company has strategic interests in emerging fields like online education and online healthcare [2]