PERI(SZ:300831)2023-05-17 08:20Group 1: Financial Performance - The company's net profit for Q1 2023 decreased by 88.47% year-on-year due to fluctuations in product delivery and acceptance timing [3][4] - In 2022, the company's R&D investment accounted for 4.59% of its operating revenue [3] - The net cash flow from operating activities in 2022 increased by 237.44% year-on-year [6] Group 2: Business Strategy and Development - The company focuses on the independent research and production of high-voltage, high-power semiconductor technology, with several technologies reaching international leading levels [3][5] - The company plans to enhance its core competitiveness through continuous R&D innovation and market expansion [3][5] - The company is a major supplier of core components for UHVDC (Ultra High Voltage Direct Current) transmission, which is expected to benefit from increased investment in new power systems [3][20] Group 3: Market Position and Competitors - The company holds a significant market share in the UHVDC sector, providing strong support for UHVDC engineering construction [20] - The company competes with several well-known domestic and international firms in the power semiconductor industry, leveraging its proprietary technologies and production processes [6][20] Group 4: Corporate Governance and Future Outlook - The company is undergoing a board restructuring process, which has been delayed due to changes in the upper management of its controlling shareholder [7][9] - The company emphasizes compliance with state-owned enterprise regulations in its investment and governance practices [8][9] - Future projects and investments will be closely monitored and disclosed to protect the interests of minority shareholders [8][9]