Hytera(SZ:002583)2022-12-08 08:31Group 1: Market Overview - The overall market size for the public security PDT network construction is approximately ¥100 billion, with an annual renewal rate of about 20% [3] - The domestic subway market size is estimated to exceed ¥100 billion, with a delay of about 2 years for equipment bidding due to the completion of main construction [5] - The overseas market currently accounts for over 60% of the company's total revenue, indicating significant growth potential [5] Group 2: Company Performance - The company reported a net loss of ¥61 million for the first three quarters of the year, primarily due to increased R&D and sales investments [5] - Despite the loss, the company's revenue continues to grow, supported by a high gross margin that is expected to be maintained [5][6] - The company is transitioning from low-end commercial markets to high-end users, with the low-end market estimated at around ¥1.5 billion annually [6] Group 3: Product Development and Sales - The DMR product line is experiencing rapid growth, expected to maintain last year's growth rate and become a major source of revenue and profit [6] - The company is actively promoting the PDT to become a national standard while also expanding its presence in overseas markets [4][6] - The company is planning to establish branch offices in key overseas regions to enhance sales channels [6]