HKD(SZ:002816)2022-12-03 10:20Group 1: Company Performance and Financials - The company's net profit declined significantly in 2018 due to insufficient orders in some product lines, decreased sales prices, and increased product costs, leading to a drop in gross margin [3] - The increase in bad debt provisions also contributed to the decline in net profit [3] - The company has not received any plans from major shareholders for share reduction as of the current date [3] Group 2: Accounts Receivable and Market Conditions - The increase in accounts receivable is primarily due to the challenging market environment and the nature of the non-standard custom industry [4] - The company is experiencing difficulties in cash collection, which has been exacerbated by market conditions [4] Group 3: Product Development and Profitability - The company plans to enhance product gross margins by increasing R&D efforts, improving product value, and optimizing production processes to reduce costs [4] - The company’s precision cleaning equipment has a wide application, but it is currently unable to estimate its market share due to a lack of authoritative data [5] Group 4: Customer Dependency and Market Strategy - The top five customers account for 36.89% of total orders, but the company does not rely heavily on fixed major customers as their client base changes annually [5] - The company is actively working to expand its overseas market presence [7] Group 5: Management and Corporate Governance - The management structure of the company is clear and stable following the completion of board and executive appointments in March 2019 [4] - The company has been diligent in maintaining shareholder interests and has not engaged in any actions that would violate legal regulations regarding shareholding [7]