Factory Operations and Expansion - The new factory in Indonesia began production in the first half of the year, with progress aligning with expectations [2] - New factories typically take 1.5 to 2 years to reach full production capacity [2] - The company plans to build several new factories in Indonesia and Vietnam over the next 3-5 years [3] - Capital expenditure has been around 1.1-1.7 billion RMB annually for the past three years, and is expected to remain stable in the coming years [3] Financial Performance and Costs - The profit margin of the Indonesian factory is expected to be similar to that of the Vietnamese factory [2] - New factories have a temporary negative impact on gross margin, but this is offset by improvements in older factories [2] - Labor costs in Vietnam are rising annually, but the company maintains competitiveness through efficiency improvements and scale expansion [2][3] - Most Vietnamese subsidiaries no longer qualify for corporate income tax incentives, but this has minimal impact on the company's financial statements [3] Labor and Market Strategy - The company faces increasing competition for labor in Vietnam due to more businesses investing in the region [2] - The company employs a competitive salary strategy to attract and retain workers [3] - Factory locations are chosen based on factors such as labor resources, logistics convenience, and international trade environment [3] Product Pricing and Client Mix - Average product pricing is influenced by changes in client and product mix [3] - The company serves brands with significant price differences, and fluctuations in brand revenue will affect average pricing [3]
华利集团(300979) - 华利集团投资者关系管理信息