CIXING(SZ:300307)2022-12-07 09:06Group 1: Business Overview - The demand for computer flat knitting machines is approaching saturation, but natural replacement demand will gradually increase over the next 2-3 years, with an estimated 500,000 to 600,000 machines currently in use [3] - The company aims to enhance its product competitiveness by launching efficient models and increasing market share during the natural replacement phase [3] Group 2: Financial Management - The company has significantly reduced the proportion and scale of buyer credit sales, and risks associated with this business have been largely mitigated through cautious accounting practices [3] - Historical data indicates that the company has managed asset impairment losses and extraordinary expenses prudently [3] Group 3: International Market Development - The overseas subsidiaries are facing challenges, but the company is committed to expanding its presence in key markets like Bangladesh, despite infrastructure issues [4] - Bangladesh remains a crucial market, and the company plans to intensify its development efforts there [4] Group 4: Product Development and Sales Goals - The company plans to ship 600-800 controllers in 2015, primarily for supporting Eft's products [4] - The robot business, established in 2014, aims for sales of approximately 100 million yuan in 2015, focusing on system integration and robot body agency sales [4] Group 5: New Product Initiatives - The promotion of shoe upper machines is progressing as expected, but large-scale sales depend on brand manufacturers' marketing efforts [5] - A new fully-formed computer flat knitting machine is set to launch in Q3, which is expected to be twice as efficient as standard machines [5] - The company is developing a rapid customization platform for knitted sweaters, integrating various systems to facilitate personalized production [5][6]