SOKAN(SH:688157)2024-05-31 08:26Group 1: Company Strategy and Goals - The year 2024 is identified as a critical turning point for the company's strategic development, focusing on amplifying advantages and addressing shortcomings to enhance new productive capabilities [2] - The company aims to implement three key strategies: 1. "Technological Innovation" as a support for differentiation strategy to continuously improve R&D efficiency 2. "Customer Orientation" as a tool for market expansion to achieve mutual benefits with clients 3. Various measures to cultivate new productive capabilities to enhance high-quality development momentum [2] Group 2: Financial Performance - In Q1 2024, the company reported a year-on-year revenue increase driven by high-end consumer electronics and passenger vehicle businesses, with revenue growth of 49.37% and 28.44% respectively [3] - The R&D expenditure as a percentage of revenue over the past three years has been 11.56%, 14.93%, and 15.31%, indicating a consistent high level of investment in R&D to support long-term high-quality development [3] Group 3: R&D Focus and Future Outlook - The company emphasizes the importance of continuous R&D investment and technological updates to meet evolving consumer demands for new product qualities [3] - The company is currently in a critical phase of leveraging its accumulated R&D efforts, with several major strategic innovation projects progressing towards market promotion and commercialization [3]