WEIHONG(SZ:300508)2022-12-04 10:20Group 1: Financial Performance - The company's non-recurring performance in 2019 was poor, primarily due to the full provision for debts owed by Shenzhen Yuanyang Xiangrui Machinery Co., which significantly impacted net profit [1] - The overall machine tool industry declined by 16% in the first three quarters of 2019, while the company's revenue fell by 17%, slightly below the industry average [2] Group 2: Investment Strategy - In the first half of 2019, the company reduced its investment quota in response to the needs of its main business [2] - The company adheres to a value investment strategy, consistently seeking undervalued quality enterprises [2] Group 3: Business Development - The laser cutting control system can be paired with various lasers, enhancing cutting speed, edge quality, and reducing material deformation, thus significantly lowering cutting costs [2] - The company has not conducted any mergers or acquisitions since its listing but is actively seeking suitable targets that align with its main business for potential future acquisitions [3] Group 4: Communication and Compliance - The company ensured that the communication with investors was thorough and adhered to the regulations of information disclosure, guaranteeing the accuracy and completeness of the information provided [3]