KCT(SZ:002625)2022-11-21 16:16Group 1: Company Performance and Growth - The company has achieved a historic breakthrough in metamaterial technology, becoming a leader in the global metamaterial industry [2] - Over the past three years, the company's metamaterial business has experienced rapid growth, with expectations for continued high demand during the 14th Five-Year Plan period [2] - The company plans to continuously increase R&D investment in metamaterials to maintain its leading position in the high-end equipment sector [2] Group 2: Market Risks and Competition - The strict performance and quality requirements for high-end equipment make it unlikely for suppliers to change after product finalization, resulting in a high degree of order certainty [3] - The company is actively seeking to attract strategic investors to enhance its shareholder structure and support future development [3] Group 3: Financial Status and Orders - As of now, the company has signed approximately 600 million yuan worth of orders from a total demand of over 1.2 billion yuan with confirmed pricing [3] - The company has improved its payment conditions, receiving a 50% advance payment upon signing contracts, with full payment expected within 3-6 months after delivery [3] - The company has redeemed 1.1 billion yuan from Shengjing Bank, indicating no associated risks with funds held in smaller banks [3]