3onedata(688618)2023-12-22 07:30Group 1: Overseas Market Strategy - The company places significant emphasis on overseas markets, initially targeting Southeast Asia but later shifting focus to Europe and North America based on market demand and customer purchasing power [2][3] - The company aims to establish direct channels overseas and enhance market share through superior technology, quality, and service [3] Group 2: Product Lifecycle and Industry Insights - The average lifecycle of industrial communication products is typically between 5 to 15 years, with specific industries like mining requiring more frequent replacements due to harsh conditions [3][4] - Industries such as water management and power grids have a lower replacement frequency, focusing on periodic adjustments [3] Group 3: R&D Investment and Profitability - The company’s R&D investment as a percentage of revenue is high, influenced by various factors including product structure and scale effects [4] - The overall gross margin may experience short-term fluctuations due to product diversification, but the company aims to maintain it at a reasonable and sustainable level in the long term [4]