KSTAR(002518)2022-12-04 10:30Group 1: Market Outlook - The company remains optimistic about the growth of the photovoltaic market in 2018, influenced by national policies such as poverty alleviation projects and the "Leader Plan" [2] - The electric vehicle charging pile market is expected to develop rapidly, albeit slightly lagging behind the electric vehicle market due to factors like industry bidding and local policy releases [3] Group 2: Competitive Landscape - In the UPS product segment, the main competitors are foreign brands, while domestic competitors dominate the photovoltaic inverter and charging pile module markets [2] - The charging pile market's customer base is fragmented and regionally concentrated, primarily supplying to charging pile assembly plants and automotive companies across the country [2] Group 3: Product Development and Profitability - The company’s UPS and inverter products have shown stable sales growth since early 2017, with expectations for good performance in energy storage products overseas [3] - The company maintains a high gross profit margin compared to industry peers, attributed to the scale effect and continuous cost reduction, with a focus on increasing revenue scale to enhance net profit [3] Group 4: Future Focus Areas - The company is currently focusing on the energy storage market and power electronics for new energy vehicles [3]