SOLEX(SH:603992)2024-07-05 07:38Group 1: Company Strategy and Development - The company adheres to the "IDM hardware platform" strategy, focusing on consumer needs and innovation for steady growth [2] - It aims to develop health hardware categories, including kitchen and bathroom health hardware, beauty health hardware, and emerging smart health hardware, through both organic and external growth [2] - The company seeks to establish itself as a "hidden champion platform" in health hardware categories [2] Group 2: Market and Customer Insights - The company faces low import tariffs for its products in Europe, while some products exported to the U.S. are affected by import duties [2] - Strategies to adapt to changing customer structures include focusing on core products and deepening cooperation with major clients, while also exploring new customers and market diversification [2] - The beauty hardware customer base primarily consists of leading personal care brands in Asia, with ongoing efforts to expand into European and American markets [3] Group 3: Market Size and Growth Projections - The global smart anti-snoring pillow market was approximately ¥4.5 billion in 2022, expected to grow to nearly ¥14.5 billion by 2029, with a CAGR of 21.3% over the next six years [3] - The company is currently in the development phase for smart sleep products, with significant market growth potential anticipated [3] Group 4: Financial and Investment Considerations - There are currently no plans for issuing new shares or increasing share capital based on the company's financing needs and market conditions [3] - The company aims to enhance its operational performance and profitability to boost investor confidence and increase the market value of its stock [3]