DAYE(SZ:300879)2025-05-09 10:20Group 1: Company Performance and Financials - The company achieved a revenue growth of 89.67% in 2024, primarily due to successful inventory reduction by customers and strong market demand for new products [15] - In Q1 2025, both revenue and net profit saw significant increases, attributed to heightened market demand and the acquisition of AL-KO, which further boosted overall revenue [12] - The company's R&D investment for 2024 reached 78.9955 million CNY, marking a 16.39% increase from the previous year [4] Group 2: Strategic Initiatives - The company is focusing on four strategic pillars for future growth: innovative products, global manufacturing, brand operation, and talent acquisition, with key product lines including riding, smart, and lithium battery-powered equipment [9] - A strategic integration plan with AL-KO has been initiated, enhancing collaboration in R&D, procurement, production, and sales to improve efficiency and market competitiveness [7] - The company has established a global production footprint with five manufacturing bases, including new facilities in Mexico and Austria, to mitigate risks from international trade tensions [6] Group 3: Market Outlook and Industry Trends - The global market demand for lawn and garden equipment is projected to reach 30.9 billion USD by 2030, with a compound annual growth rate (CAGR) of 2.11%, driven by increasing consumer living standards and gardening culture [11] - The lithium-powered garden machinery segment is expected to grow at a CAGR of 6.65%, representing a significant growth driver within the industry [11] - The company is well-positioned to navigate the impacts of the US-China trade war, with a strategic focus on diversifying its production and sales channels [12] Group 4: Shareholder Engagement and Corporate Governance - The company has completed its share repurchase plan for 2024 and will consider further buyback measures based on market conditions [3] - The board emphasizes a balanced approach to dividend distribution, taking into account industry characteristics, profitability, and investor returns [3] - The company maintains compliance with relevant securities laws and regulations, ensuring transparent communication with investors [1]