CEM(SZ:002980)2024-05-28 10:32Financial Performance - In Q1 2024, the net profit increased by 30.30% year-on-year [1] - The gross profit margin for Q1 2024 was 42.72%, which is consistent with the 2023 annual gross profit margin of 42.89% [1] Technological Advancements - The company is integrating AI technology into its products, enhancing efficiency and accuracy in testing and measurement [2] - AI applications include image recognition and precise temperature measurement in thermal imaging products, as well as improved interaction and reasoning capabilities in electrical measurement devices [2] Product Development Focus - The company plans to focus on four key areas: 1. Development of testing and measurement products with analytical functions 2. Expansion into medical diagnostic analysis instruments 3. Development of products related to renewable energy 4. Enhancement of scientific analysis instruments and high-end testing devices [3] Market Position and Strategy - The company has a diverse product line and strong overseas customer relationships, which provide a competitive edge over domestic rivals [4] - In 2023, domestic sales revenue grew by 44.97%, amounting to an increase of 26.74 million RMB [4] Research and Development - The company invested approximately 80.94 million RMB in R&D in 2023, accounting for 12.08% of its revenue [5] - Continuous investment in R&D has led to the development of innovative products, enhancing the company's competitive position [5] Share Buyback Plan - The company is implementing a share buyback plan with a total fund of no less than 40 million RMB and not exceeding 80 million RMB, aimed at improving governance and incentive mechanisms [6] Sales Network Expansion - The company has established sales centers in eight key provinces and a network of 10 primary agents, enhancing market coverage and sales efficiency [6] - The company is also expanding its e-commerce presence across multiple platforms, including Douyin, JD, Tmall, and Pinduoduo [4] Future Projects - The smart sensor measurement instrument project is set to be operational by December 31, 2024, aimed at expanding production capacity and improving the supply chain [7]