VENUSTECH(SZ:002439)2022-12-08 05:28Group 1: Company Performance and Market Position - The company's subsidy income from national projects remains stable and has not significantly changed compared to previous years [2] - The overall industry is not yet at an explosive growth stage despite some impact from the establishment of the National Information Security Committee [3] - The company is positioned as a leader in gateway, detection, and platform products within the industry [4] Group 2: Product Development and Market Strategy - All products currently support virtualization deployment, indicating a leading technical position in the industry [3] - The company plans to develop simple and cost-effective products targeting small and micro enterprises, which number around 50 million in China [3] - The company is acquiring "Shusheng Electronics" to fill the gap in encryption products, which were previously absent [4] Group 3: Financial and Operational Insights - The integration of two companies has led to unified management, but financial reports are still separately accounted [3] - The company is experiencing slower growth due to the need for time to realize synergies from recent acquisitions and the lack of explosive demand from small and micro enterprises [4] - Personnel costs have been controlled since last year, and significant increases in expenses are not expected this year [4]