ConST(SZ:300445)2022-12-03 10:04Company Overview - The company is Beijing Const Instrument Technology Co., Ltd., with stock code 300445 [1] - The meeting took place on April 12, 2019, in the company conference room [2] Business Performance - In 2018, the company reported significant growth in its operations, focusing on high-end instruments and equipment [3][7] - The company aims to achieve breakthroughs in core technologies, particularly in high-precision pressure sensors, which are currently dominated by competitors from the US, UK, and Germany [4][11] Product Development - The company has developed several new products, including models that utilize Bluetooth and Wi-Fi for remote control and monitoring [3] - The price range for pressure sensors varies significantly, with 0.02% F.S sensors priced between 100 to 400 RMB, while 0.01% F.S sensors can range from 10,000 to 50,000 RMB [4] Market Strategy - The company is focusing on R&D to enhance product quality and maintain high gross margins, with annual performance growth [7] - The international market is becoming increasingly important, with competitors primarily being international firms like Fluke, GE, and Ametek [5][9] Financial Performance - The company has maintained a high gross profit margin and net profit margin, attributed to its focus on high-quality products rather than price competition [7] - In 2018, the company adjusted its pricing strategy in response to trade tensions, leading to a favorable exchange rate impact on its financials [9] Future Outlook - The company plans to expand its product line and improve its technology through collaborations and acquisitions [6][11] - There is a focus on entering the civil aviation and high-speed rail markets, with plans to develop products tailored to these sectors [8][10] Conclusion - The company emphasizes high-quality and innovative R&D as key to gaining customer recognition and achieving market success [10][11]