WEIXING(SZ:002003)2024-12-17 08:32Group 1: Market Share and Business Impact - The company's button products account for approximately 20% of the domestic mid-to-high-end market [2] - The market share for zipper products is relatively small due to broader application areas and statistical challenges [2] - The impact of increased tariffs on the company's business is minimal, as the main operations involve direct connections with garment processing factories designated by clothing brand clients [3] Group 2: Production and Capacity Utilization - The company's production capacity utilization rate is around 60%-70% [3] - The company has established an industrial park in Bangladesh since March 2018 and is currently expanding its operations in Vietnam [3] - The production model is based on customized orders, leading to a cautious approach to inventory management [3] Group 3: Business Distribution and Future Outlook - In the first half of 2024, domestic business accounted for 66.91% while international business made up 33.09% [4] - The company maintains a cautious outlook for the first half of next year due to potential pressures on growth and uncertainties such as tariffs [3] - The company plans to adjust its employee bonus allocation to reflect quarterly performance more accurately, moving away from a one-time annual allocation [3]