FIYTA(000026)2025-03-27 09:38Group 1: Financial Performance - The company's main watch business achieved revenue of 3.656 billion yuan in 2024, a year-on-year decline of 14.32% [1] - The company aims to stabilize its watch business and enhance operational efficiency through various management measures [1] Group 2: Strategic Direction - The company is focusing on "high-quality development" as its guiding principle to strengthen its watch industry and enhance core competitiveness [1] - Plans to accelerate the development of strategic emerging industries, including precision technology and smart wearables [2] Group 3: Product Innovation and Market Positioning - The "Feiyada" brand will continue to position itself as a high-quality Chinese watch brand with a focus on aerospace-themed products [2] - The company is enhancing product differentiation and marketing strategies to align with consumer preferences and cultural elements [2] Group 4: Market Expansion and Technology Integration - The company is actively exploring the integration of third-party AI applications in its smart watch products, enhancing features like DIY watch faces [3] - Ongoing efforts to expand into sectors such as medical devices and laser technology through its precision technology business [4] Group 5: Shareholder Engagement and Value Management - The company has implemented multiple share buyback programs, utilizing approximately 279.14 million HKD to repurchase and cancel 41.06 million B shares [4] - Continuous communication with investors and high-quality information disclosure are prioritized to enhance company value and mitigate asset loss [4] Group 6: Asset Management and Corporate Governance - The company is monitoring the market changes in property leasing, with a total area of approximately 170,000 square meters across various locations [5] - Management is committed to improving performance evaluation and incentive mechanisms for executives to ensure accountability [5]