Core Viewpoint - The company emphasizes its commitment to shareholder interests through high cash dividend ratios and stock buybacks, despite facing challenges in the market [2][3]. Group 1: Financial Performance - The company has maintained an average cash dividend ratio exceeding 90% since its listing, highlighting its focus on shareholder value [2]. - In 2024, the company reported stable operating profit margins and an increase in investment income compared to the previous year [3]. - As of the end of Q1 2025, the company's total assets were approximately 2.6 billion, with cash and financial assets totaling about 1.7 billion, and zero interest-bearing debt, indicating low operational and financial risk [4]. Group 2: Market Strategy and Product Development - The company utilizes AI for market monitoring to quickly respond to fashion trends and consumer demand changes, ensuring efficient product design and development [3]. - The company aims to maintain product quality and service excellence as fundamental factors for survival and success in the competitive apparel industry [4]. - The company has a customer base of over 6.5 million, with a relatively low return rate of around 30%, attributed to high product quality and customer loyalty [4]. Group 3: Industry Position and Future Outlook - The company acknowledges the coexistence of opportunities and risks in the apparel market, emphasizing the importance of product innovation and market analysis [3]. - While the company is open to potential strategic choices such as partnerships or acquisitions, it does not view them as immediate necessities [4].
戎美股份2024年度业绩网上说明会问答实录