FORE(301368)2024-05-16 09:43Group 1: Financial Performance - In 2023, overseas revenue accounted for 44.84% of total revenue [2] - The company's net profit decreased by 46.34% compared to the previous year [4] - Revenue in Q1 2024 increased by 17.98% year-on-year, primarily due to a 97.35% decline in government subsidy income [4] Group 2: Research and Development - R&D investment in 2023 increased by 8.76% year-on-year [5] - Key areas of R&D include high-precision low-noise harmonic reducers and electric vehicle components [2][3] - The company is focusing on optimizing product structure for new energy transmission gears [6] Group 3: Market Expansion and Strategy - The company successfully acquired 80 acres of land for future business development [3] - Plans to enhance market expansion in sectors such as smart home, new energy vehicles, and robotics [7] - The company maintains a strong order backlog with a capacity utilization rate of approximately 60-70% in 2023, expecting a 20% increase in Q1 2024 [7] Group 4: Customer Relations and Product Applications - Major customers include Bosch Group, with efforts to leverage Bosch's influence in Europe for more orders [7] - Products are widely used in new energy vehicles, robotics, smart home devices, medical equipment, and electric tools [5][6] - The company is exploring opportunities in the medical device sector to mitigate risks from declining revenues in the smart home sector [6]