杭华股份：截至目前公司未在海外设立子公司

Group 1 - The core revenue of the company primarily comes from the domestic market, with a small portion of sales directed towards overseas markets [1] - As of January to September 2025, the company's overseas revenue amounted to 43.517 million RMB, accounting for approximately 4.80% of total revenue [1] - Currently, the company has not established any subsidiaries overseas and operates mainly through a distribution model supplemented by direct sales [1] Group 2 - The company focuses on personalized services to continuously meet customer needs and enhance customer loyalty [1]