银河电子(002519) - 2016年11月9日投资者关系活动记录表（二）

Group 1: Set-Top Box Business - The set-top box (STB) is a crucial entry point for home entertainment, with significant demand from internet, broadcasting, and telecom operators [3] - The company anticipates growth in STB business this year compared to the same period last year, benefiting from increased demand from telecom operators [3] - The overall gross margin for STB products remains stable [3] Group 2: Military Products - The military product line primarily includes smart power systems, smart distribution systems, and vehicle-mounted motor equipment, with stable growth in existing products [4] - The military product development process is lengthy and requires high technical standards and military approval, which creates a competitive advantage [4] - The company expects steady growth in military business due to modernization needs in national defense [4] Group 3: Charging Station Business - The charging station business has seen a decline compared to the same period last year, influenced by national investigations into subsidies for new energy vehicles [5] - Despite the decline, the company’s related operations in new energy vehicles are progressing as planned [5] Group 4: Long-term Challenges - The company identifies technology and product development as core competitive factors, with risks arising if they fail to meet market demands [5] - To enhance core competitiveness, the company plans to attract more skilled technical personnel through the establishment of a research and development center [5]