LY iTECH(SZ:002600)2022-12-07 09:28Group 1: Company Performance and Projects - As of the end of 2014, the company's fundraising projects have been largely completed and are in the final acceptance stage, with significant capacity increases expected post-completion [2] - The company is actively expanding its downstream market while maintaining its existing market, with a substantial increase in sales anticipated for 2015 [2] Group 2: Acquisitions and Strategic Goals - The acquisition of the French company, which is a wholly-owned subsidiary, aims to leverage advanced production technology and management experience [3] - The planned acquisition of 100% equity in Dijing Optoelectronics is intended to diversify the company's operations into the profitable flat panel display industry, enhancing profitability and operational scale [3] - The audit and evaluation of Dijing Optoelectronics are ongoing, with plans to submit the restructuring proposal to the China Securities Regulatory Commission by March 2015 if progress is smooth [3] Group 3: Financial Challenges and Solutions - The decline in profits is primarily due to losses from newly acquired subsidiaries, which are still in the early stages of development and integration, leading to increased operational costs [4] - The company is implementing cost reduction and efficiency enhancement policies, including the full implementation of the SAP-ERP project in 2014 to improve governance [4] Group 4: Future Development Plans - The company plans to leverage its platform to develop more competitive businesses, integrate quality resources, and gradually penetrate promising upstream and downstream industries [4] - There is a focus on acquiring new materials and developing new industries to improve production efficiency and reduce costs, while aiming to produce smaller, higher-performance products [4]