YOTRIO(SZ:002489)2025-04-29 09:18Group 1: Product Overview - The company primarily offers three categories of products: outdoor leisure furniture, sunshades, and tents, with various subcategories based on material, structure, and usage [1] - The company is a leading player in the outdoor leisure furniture and supplies industry, collaborating with major global retail chains and maintaining a leading position in sales for key categories [1] Group 2: Impact of Tariffs - The company is currently in the order negotiation season for the 2025-2026 business year, with specific order volumes, especially from the U.S. market, still uncertain due to clients being in a wait-and-see mode [1] - If U.S.-China tariffs remain at current levels, significant impacts on U.S. market orders are anticipated [1] - The U.S. reciprocal tariff policy proposed on April 2, 2025, will affect future business, but the first quarter of 2025 has not yet been impacted [6][7] Group 3: Market Expansion and Sales - Revenue from emerging markets such as Southeast Asia and the Middle East is currently low, but online sales channels (e.g., Amazon, independent sites) are growing faster than traditional B2B models [3] - Sales of the company's products in Canada account for approximately 10%-20% of total North American sales [4] - The company is actively expanding its domestic market while maintaining steady growth [4] Group 4: Strategic Planning and Cost Control - The company has no current plans for restructuring and is focused on managing operations effectively to respond to U.S. tariff policies [5] - The company is gradually internationalizing its production layout, with a factory in Vietnam already operational and another in Thailand under preparation [5] - Specific cost control measures include increasing R&D innovation, improving production efficiency, optimizing the supply chain, and strict budget management to enhance profitability [7] Group 5: Market Position and Future Outlook - The company emphasizes that the resolution of U.S.-China trade disputes relies on national negotiations rather than individual companies [5] - The company remains committed to its core market of outdoor leisure furniture and is expanding its product categories while adapting to global market changes [7]