Market competition exacerbates risks. The company's crystal products are in the leading position in the industry, occupying a large market share, and the gross profit margin is at a relatively high level. However, due to the fierce competition in the optical and device products market, prices have shown a downward trend. If the competition in the laser pointer industry intensifies, the company's technology research and development, product upgrades and operational capabilities are huge challenges, which may affect the company's comprehensive gross profit margin and profitability.
The company will actively grasp the changes in market and customer demand, adjust product structure, continuously improve technical and technological level, improve product quality, strengthen cost control, reduce manufacturing costs, further strengthen research and development, actively cultivate new product areas, and create new profit growth points. To enhance market competitiveness.
2. People's risk of exchange rate fluctuations. The company's export revenues account for more than 50% of the total, and are mainly denominated in US dollars. The instability of the RMB exchange rate will likely cause certain fluctuations in the company's performance.
The company will pay close attention to the foreign exchange policy and the trend of the RMB exchange rate in a timely manner, strengthen the collection of receivables for export, and adjust the foreign exchange cycle according to exchange rate changes. At the same time, increase the domestic market development efforts, actively strive for domestic market share, and minimize the impact of RMB exchange rate fluctuations on the company's operating performance.
3. Human resource risk. In recent years, the company has continuously enriched the laser pointer product structure, and the customer's requirements for product quality have also been continuously improved. The management team's management ability and technical personnel's development ability have been put forward higher requirements. If it is not possible to continuously introduce or retain high-level management personnel. And technicians, may affect the company's operations. In addition, in recent years, manufacturing-type enterprises have generally faced the problem of "difficult employment," and rising labor costs may also have a certain impact on the company's operating performance.
The company will adopt measures such as optimizing incentive mechanism, creating a good talent growth environment, improving salary assessment methods, appropriately improving employee compensation and benefits, and attracting more professionals and management talents on the basis of striving to maintain the stability of the existing talent team. . At the same time, optimize the integration of human resources, improve the automation of equipment, and save labor costs.
4. Risks of changes in the international trade situation. Since 2018, the United States has successively announced tariffs on imported goods originating from China. Although the current direct impact on the company's export orders is not obvious, if the Sino-US trade friction continues to escalate and the international trade environment deteriorates, it may bring about the export business. To adversely affect.
The company will actively pay attention to changes in macroeconomic policies and international trade situation, strengthen communication with relevant customers, enhance the core competitiveness of products, and formulate reasonable marketing strategies.