Star-net(SZ:002396)2023-05-05 08:06Group 1: Financial Performance - The company reported a net profit decline despite revenue growth, attributed to increased R&D expenses and the impact of the pandemic [3][5] - The company has over 2 billion in undistributed profits, with only 5 million distributed last year [4] - The company aims to balance long-term development with annual performance to create good returns for shareholders [3][5] Group 2: R&D and Product Development - R&D expenses have significantly increased, with 20 billion allocated to R&D, of which the company holds a 45% stake [2][3] - Two-thirds of R&D investment is focused on high-end core routers and data center switches [3][5] - The company is developing AI applications across various sectors, including finance, healthcare, and education [3][5] Group 3: Market Strategy and Future Plans - The company plans to focus on four key industries: networking, optical communication, the metaverse, and trusted computing [2][3] - There are intentions to explore mergers and acquisitions if suitable opportunities arise [3][5] - The company is committed to enhancing product competitiveness to become a leader in relevant industries [3][5] Group 4: Shareholder Engagement and Market Perception - The company has received suggestions to increase cash dividends and consider share buybacks to boost investor confidence [3][5] - The management acknowledges the complexity of analyzing the diverse product range and aims for clearer market visibility through potential spin-offs [3][5] - The company has a three-year shareholder return plan approved by the shareholders' meeting [5][6]