Group 1: Financial Performance - The fluctuation in net profit margin is influenced by several factors, including the progress of expense settlement, seasonal industry fluctuations, and additional relocation costs incurred in Q3 [1] - The company implemented an equity incentive plan with performance assessment standards based on revenue compound annual growth rate (CAGR), excluding profit [1] Group 2: Industry Characteristics - The fuse industry is characterized by its nature as a safety protection device, where core competitiveness relies on reputation and quality control, especially in the electric vehicle sector [1] - The company's primary goal is to achieve automotive-grade standards across various aspects, including technical indicators and product control [1] Group 3: Competitive Strategy - The company focuses on transforming into an automotive-grade manufacturing model, viewing its main competition as internal rather than external [2] - The company prioritizes strategic layout and customer quality over market share or gross margin, acknowledging that price competition is unavoidable but not the primary factor in the fuse industry [2] Group 4: Research and Development - The company has two types of R&D: one based on future demand predictions, which has a longer cycle, and another that collaborates with customers to modify and develop products, which is shorter [2] - The company emphasizes understanding and meeting customer needs as its greatest advantage, supported by strong R&D capabilities [2] Group 5: Future Planning - Future goals and plans are based on overall strategy, industry trends, and customer requirements [2] - The company does not currently consider refinancing to expand capacity, as existing investment funds have not yet been fully utilized [2]
中熔电气(301031) - 西安中熔电气股份有限公司2023年2月9日投资者关系活动记录表