Up-shine Lighting (SZ:301362)2024-02-29 10:47Group 1: Market Expansion Strategies - North America accounts for approximately 30% of the global LED lighting product demand, making it the largest market globally [2] - The company has two main strategies for the North American market: 1. Establishing a subsidiary focused on differentiated and customized industrial lighting products for mid-to-high-end applications 2. Expanding its sales team and increasing R&D investment to develop a broader product range to meet North American market demands [2] Group 2: Performance Improvement Plans - The company aims to enhance performance through three key areas: 1. Expanding product categories by developing innovative products in commercial and industrial lighting, with a focus on smart products and integration with agriculture, safety, sports, and medical lighting [3] 2. Increasing market penetration of existing products as LED technology improves and costs decrease, thereby enhancing collaboration with current clients and acquiring new ones [3] 3. Geographic expansion into developed markets such as Europe, Oceania, Japan, and North America, as well as over 60 countries along the "Belt and Road" initiative, with a focus on Southeast Asia as a growing market [3] Group 3: R&D Investment and Focus - The company prioritizes R&D investment, attracting top talent to develop new products and technologies, with a focus on IoT-based smart control systems and various LED lighting applications [4] - Key R&D areas include integrated design for smart LED lighting, sports lighting technology, solar LED street lights, and health-oriented lighting products [4] Group 4: Profit Distribution and Shareholder Engagement - The company plans to implement an active, sustainable, and stable profit distribution policy, considering the interests of all investors, especially small and medium-sized ones [4] - A share buyback plan was approved to support employee stock ownership plans or equity incentives, with further updates to be provided [4]