WEIXING(SZ:002003)2024-08-21 00:42Group 1: Production and Business Performance - The company's production cycle generally ranges from 3 to 15 days, depending on capacity saturation and order volume [2] - In the first half of the year, the button business performed slightly better than the zipper business [2] - The company anticipates a sustainable improvement in gross profit margins, adhering to a win-win cooperation principle rather than solely pursuing high margins [2] Group 2: Market and Customer Insights - The company is actively expanding its international strategy and has made progress in acquiring new customers, although developing new brand clients will take time [3] - The actual concentration of the company's top five clients is significant, but the reported concentration is low due to differences in data collection methods [3] - The visibility of orders is relatively short, given the production cycle of 3 to 15 days [3] Group 3: Future Planning and Capacity - The company has outlined its capacity planning for the next few years, focusing on ongoing fundraising projects, with a new production project in Vietnam launched in March 2024 [3] - The capacity utilization rate in Vietnam is expected to be low this year due to the recent establishment of the industrial park and limited order volume [3] - The company remains committed to a high dividend policy, considering annual profit distribution plans based on profitability, future development needs, and shareholder interests [4]