HAILUN PIANO(SZ:300329)2022-12-07 09:42Group 1: Company Overview and Activities - Helen Piano has established partnerships in regions such as Sichuan and Chengdu, with ongoing registration processes for collaborations in areas like Shenzhen, Changsha, and Shanghai [1][2] - The company is currently in the due diligence phase for its second batch of regional integrations, with plans for a third batch in cities like Hangzhou and Chongqing [2] Group 2: Product Development - The company is developing smart pianos that maintain traditional sound principles while integrating modern technology, including features like automatic tuning and remote teaching capabilities [2][3] - Some functionalities of the smart piano are still undergoing technical challenges [3] Group 3: Sales Performance - Domestic sales revenue has shown growth, reflecting increased consumer trust in the brand, while export revenue has declined due to rising competition and the influx of second-hand pianos [3] - The overall export volume in the domestic piano market is decreasing, impacting export performance [3] Group 4: Research and Development - Establishing a research institution in Beijing is strategic due to the concentration of technological resources and talent, facilitating better integration with international markets [4] - The location allows the company to leverage nearby research institutions and maintain a competitive edge in technology development [4]