Sinovatio(SZ:002912)2022-12-04 08:34Group 1: Overseas Development and Market Strategy - The company currently has direct orders with overseas clients and aims to enhance its competitive capabilities in international markets [2] - Future development strategy includes maintaining market share in network visualization infrastructure products while expanding into big data operation products [4] Group 2: Profit Margins and Competitive Position - The gross margin of broadband network products is higher than competitors due to the company's primary customer base, which includes telecom operators and end-users, as opposed to competitors who mainly serve integrators [4] Group 3: Incentives and Management Structure - The company has implemented equity incentive mechanisms for its core team since its inception, and after becoming a controlling shareholder, it continued to incentivize the core team through capital increases [4] - The management has maintained good communication with the controlling shareholder since 2012, effectively addressing agency risks related to ownership and management separation [4]