T&S(300570)2022-11-17 14:34Group 1: Company Overview and Product Offerings - The main products include optical devices and optical sensing products, with optical interconnection products accounting for a significant portion of revenue [3][4] - In 2021, the export ratio of the company's products was 81.19%, primarily focused on data center construction [3][4] Group 2: Market Demand and Competition - The market demand for the company's products is generally on the rise, with a strong focus on optical interconnection products [3][4] - The optical communication market is highly competitive, with overseas clients prioritizing product quality and service, while domestic competition is price-driven [4] Group 3: Customer and Order Trends - Orders have shown a recovery due to the easing of pandemic restrictions, with significant year-on-year growth in the first half of the year [4][7] - The company’s major customers have not changed significantly, although there have been adjustments in sales strategies [4][7] Group 4: Domestic Market Expansion - The company has successfully expanded its domestic market, focusing on system integrators and component manufacturers [5][6] - New product development is ongoing, with a focus on both horizontal and vertical expansion in response to market needs [5][6] Group 5: Financial Performance and Challenges - Recent declines in gross margin are attributed to exchange rate fluctuations and changes in product demand structure [7] - The company has maintained a cautious optimism regarding future performance despite uncertainties in the economic environment [4][7] Group 6: Future Development Strategy - The company aims to leverage its resource and financial advantages to enhance product R&D and production, focusing on downstream market expansion [8] - Plans include diversifying the business model to provide integrated solutions that meet customer needs more comprehensively [8]