航天南湖(688552) - 投资者关系活动记录表（2024年11月4日-2024年11月6日）

Group 1: Business Operations - The company participated in the Zhuhai Airshow, showcasing military trade and low-altitude products [2] - In the low-altitude sector, the company is developing safety systems and detection products, including a low-altitude safety control system and various low-altitude radar products [2][3] - The military trade business is performing well, primarily serving overseas clients through general units and military trade companies [3] Group 2: Market Demand and Performance - There is a strong demand for air defense early warning radar products due to the complex international environment and the urgent need for many countries to enhance their air defense capabilities [3] - The company's performance fluctuated in Q3 due to changes in customer procurement rhythms and uncertainties in military trade deliveries, but overall market demand and order stability remain [3] - The company's comprehensive gross margin for 2023 is approximately 33%, with significant fluctuations in the first three quarters of 2024 due to seasonal factors and product mix differences [3][4] Group 3: Future Business Direction - The company plans to focus on its core business of air defense early warning radar, expanding its product range and applications in both domestic and international markets [4] - There is an intention to actively develop the low-altitude business sector, including military and civilian applications, and to enhance high-end manufacturing capabilities [4] - The management emphasizes value management and aims to enhance core competitiveness while ensuring sustainable value creation for investors [4] Group 4: Strategic Initiatives - The company has no immediate plans for mergers and acquisitions but aims to leverage capital market platforms for industrial layout and structural adjustments [4]