JIR(SZ:300516)2024-05-30 10:18Group 1: Company Performance - The company's infrared product revenue increased significantly, with a year-on-year growth of 21.53% in 2023 [1][2] - Overall revenue for the company in 2023 saw a year-on-year increase of 3.50% [2] - The company has maintained a cash dividend payout ratio of 30% since its listing in 2016, with a total cash dividend of CNY 204.2 million by the end of 2023 [4] Group 2: Market Position and Competitive Advantages - The infrared industry in China is highly competitive, with many excellent companies emerging [1] - The company has established competitive advantages in three areas: "Technology + Craft," "Application + Product," and "Autonomy + Response" [2] - The company is focusing on expanding its market presence in civilian applications, particularly in industrial measurement and environmental monitoring [2] Group 3: Risk Management Strategies - The company identifies four main operational risks: market competition, technology updates and product development, talent retention, and military product pricing risks [3] - To mitigate these risks, the company is implementing a strategy that includes diversifying its market presence and enhancing product design efficiency [3] Group 4: Future Outlook and Investor Relations - The company aims to explore new growth models and strengthen investments in strategic emerging industries to create long-term value for investors [4] - In response to national calls for increased investor returns, the company plans to raise its dividend payout ratio from 30% to 80% for the 2023 fiscal year, distributing a total of CNY 63.36 million [4]