Shouxiangu(SH:603896)2024-09-09 10:14Group 1: Event Overview - The investor reception day was held on September 6, 2024, from 10:40 AM to 4:00 PM [1] - The event included visits to the organic medicinal herb base, biological breeding innovation center, and the company's headquarters [2] - A total of 42 investors from various institutions attended the event [1] Group 2: Key Discussions - The management emphasized that stock price fluctuations are influenced by market conditions, and there are currently no plans for stock buybacks [4] - The company acknowledged the need for reform in its internet sales strategy, which differs from competitors [5] - Three sales plans have been developed for the fourth quarter, aiming for growth compared to the previous year [5] Group 3: Pricing and Sales Strategies - The company is restructuring its pricing system to address low-price sales issues and has implemented a reward policy for reporting such cases [6] - There is a recognition that the product's selling points need better communication, particularly regarding the absorption rates of active ingredients [6] - The decline in out-of-province business is attributed to a lack of diverse channel strategies and varying local regulations [7] Group 4: Product Development and Market Expansion - The company plans to enhance its product offerings in out-of-province markets by collaborating with major retailers and pharmacies [7] - The limitations on the sale of traditional Chinese medicine products are acknowledged, with a focus on compliance with regulatory requirements [8]