WEIXING(002003)2024-11-30 12:02Group 1: Order and Revenue Performance - Recent order growth has slowed compared to the first half of the year, influenced by cautious ordering from downstream brand clients, but overall growth is still maintained [2] - There is a time lag between order intake and revenue recognition, leading to discrepancies between the two metrics [2] Group 2: Market Share and Competitive Advantage - The company has a high market share among domestic brand clients but a relatively low share among international brands, both of which have growth potential [2] - The shift towards small-batch, multi-batch ordering by downstream brand clients enhances the company's competitive advantages, aligning with industry trends [2] Group 3: Product Growth and Profitability - The company anticipates higher growth rates for zippers compared to buttons due to broader application ranges, although product structure changes may affect this [2] - Gross margin sustainability is influenced by raw material costs, product structure, and economies of scale, with a reasonable margin level being sustainable [3] Group 4: Strategic Developments - The establishment of the Vietnam industrial park aims to strengthen comprehensive support for apparel brands and increase market share locally [4] - Future dividend policies will be based on annual profit, development needs, and shareholder preferences, adhering to sustainable development principles [5] - Capital expenditure will focus on global strategy and smart manufacturing, with attention on the implementation of fundraising projects [6]