YOTRIO(SZ:002489) Zheng Quan Ri Bao Wang·2025-08-07 13:12Core Viewpoint - Zhejiang Yongqiang is expanding its global production capacity by establishing a subsidiary in Indonesia, which will enhance its operational efficiency and market reach in Southeast Asia [1][2]. Group 1: Company Expansion - Zhejiang Yongqiang has announced the establishment of PT JJD Outdoor Products Indonesia with a registered capital of 230 billion Indonesian Rupiah, where Singapore Yongqiang holds 99% and Germany Yongqiang holds 1% [1]. - The new subsidiary will focus on overseas capacity investment and international trade, integrating its operational results into Zhejiang Yongqiang's consolidated financial statements [1]. - The company has been actively investing in Southeast Asia, with previous investments including a subsidiary in Thailand with a registered capital increase to 25.2 million Thai Baht [2]. Group 2: Market Strategy - The company aims to optimize its production capacity in Southeast Asia, leveraging Indonesia's strategic location and market potential to enhance its influence in the region [1]. - Zhejiang Yongqiang's products primarily target developed markets in Europe and North America, with a gradual increase in emerging markets [2]. - The company is committed to adjusting its capacity layout, with existing operations in Vietnam and ongoing preparations for a factory in Thailand [2]. Group 3: Industry Insights - Investment in Southeast Asia is expected to lower production costs and diversify production bases, mitigating risks associated with external uncertainties and reducing reliance on single markets [3]. - Establishing production bases in Southeast Asia is a crucial step for Zhejiang Yongqiang's globalization strategy, enhancing the efficiency and flexibility of its global supply chain [3].