CIXING(SZ:300307)2022-12-08 05:18Group 1: Financial Performance - The company reported a loss in the first half of 2014 due to a decline in demand for computer knitting machines and overcapacity, leading to a significant drop in main business revenue and gross profit [2][3] - Gross profit decreased primarily due to shrinking demand for computer knitting machines, intensified competition causing price reductions, and a drop in production volume compared to the previous year [3] Group 2: Accounts Receivable - The poor operating conditions of downstream customers resulted in a substantial increase in bad debt provisions for accounts receivable [3] Group 3: Product Development and Sales - The company has received approximately 1,000 orders for new shoe upper machines, with around 700 orders currently accumulated and 450 units shipped [4] - The shoe upper machine has expanded its application beyond running shoes to basketball and soccer shoes, with a research institute established in Fujian to provide comprehensive services [4] Group 4: Robotics and Automation - The company showcased an automated sewing system at the Shanghai exhibition, incorporating robotic arms to replace manual operations, marking a breakthrough in the textile industry [4][5] - Two joint ventures have been established for robotics: one focusing on control systems and the other on industrial robot system integration and sales, with expectations to achieve sales breakthroughs in 2014 [5] - The company is exploring applications in automotive parts production, electronics, and small home appliances for its robotics initiatives [5]