CVTE Warns of Slower Growth Risk if Downstream Demand Weakens or Overseas Expansion Is Hindered

CVTE issued an announcement on unusual trading activity, saying its performance growth has benefited from the continued development of multiple businesses. According to Jin10, the company said demand in downstream industries such as home appliances, education, and commercial display is susceptible to factors including the macro environment, industry cycles, and the pace of customer capital expenditure. The company said that if downstream demand falls short of expectations or overseas market expansion is hindered, its operating performance faces the risk of a slowdown in growth. It added that although its gross margin has improved, the gross margin could come under pressure if research and development investment and supply chain management optimization fall short of expectations.