LETS(002398)2025-02-26 07:36Group 1: Company Strategy and Market Position - The company is focusing on deepening market engagement and expanding business to increase market share amidst structural pressure on downstream demand in the construction materials industry [2] - The company is actively developing overseas markets and pursuing industrial intelligence to seek new profit growth points, effectively countering overall industry downturn pressures [2] Group 2: Research and Development Focus - The company emphasizes R&D in core products, particularly in engineering additives, special engineering materials, and intelligent solutions, while continuously optimizing R&D investment structure [3] Group 3: Capacity Expansion - Recent capacity expansion has occurred in regions including Yunnan, Hunan, Anhui, and Zhangzhou Gulei [3] Group 4: Accounts Receivable Management - The company reports a stable accounts receivable structure, with a year-on-year decrease in the absolute value of accounts receivable [3] - The customer base is large and diversified, effectively reducing risks associated with single customers, with major clients primarily being state-owned enterprises [3] - A comprehensive accounts receivable management system is in place, covering customer evaluation, delivery management, and risk control processes [3] - The company plans to enhance collection efforts and improve accounts receivable quality by actively tracking relevant policies and project trends [3]