HEILAN HOME(SH:600398)2024-10-30 09:21Group 1: Financial Performance - In the first half of 2024, overseas revenue reached 161 million RMB, accounting for 1.48% of total revenue [1] - The company has successfully entered new overseas markets, including the Maldives and Kenya, with a total of 68 stores by the end of the period [1] - Cumulative cash dividends since the company's restructuring exceed 10 billion RMB, with a commitment to maintain a consistent and reasonable cash dividend policy [2] Group 2: Brand and Store Management - The company has reduced the number of franchise stores by over 100, while increasing direct-operated stores to optimize channel structure [2] - The inventory of returnable goods has increased, with the book value of returnable inventory at the end of 2023 reaching 720.45 million RMB, representing 84.81% of total inventory [2] Group 3: Market Outlook and Challenges - The company anticipates that the apparel sector will be significantly impacted if domestic economic growth remains under pressure and consumer confidence does not recover [3] - Operating cash flow has decreased due to increased payments for winter product inventory and reduced cash receipts related to operating activities [3] - The company is focused on enhancing its operational resilience through channel optimization, product upgrades, and marketing innovations [3] Group 4: Strategic Initiatives - The company is exploring potential stock buyback options in response to recent market declines, emphasizing shareholder value [3] - There is no current business collaboration with Bangladeshi textile enterprises, and recent unrest in Bangladesh has not affected the company's operations [3]