Group 1: Financial Performance and Strategy - The company plans not to distribute cash dividends or issue bonus shares for the 2024 profit distribution, considering its operational needs and long-term development strategy [2] - In Q1 2025, the company's revenue decreased by 6.14% year-on-year, while net profit attributable to shareholders increased by 36.93%, and net profit after deducting non-recurring gains and losses rose by 49.90% [15] - The company has repurchased 7,835,100 shares, accounting for 1.60% of the total share capital, with a total repurchase amount of approximately 102.34 million yuan [13] Group 2: Market Expansion and Product Development - The company aims to deepen its "technology-driven, brand-driven" strategy, focusing on expanding into high-growth markets in Europe, Southeast Asia, and Australia [11] - The company has established three manufacturing bases in China, Vietnam, and the USA, ensuring strategic synergy and stable cooperation with thousands of global suppliers [6] - The company plans to enhance its product offerings by integrating AIoT technology into smart garden equipment, creating a competitive product matrix [11] Group 3: Sales and Product Performance - Sales of cleaning machines are projected to grow from 679 million yuan in 2022 to 737 million yuan in 2024, while ride-on mowers are expected to reach 1.037 billion yuan in 2024 [10] - The company has over 12,000 offline stores globally and expects e-commerce revenue to reach 1.938 billion yuan in 2024, a year-on-year increase of 20.47%, accounting for 35.72% of total revenue [10] - The company’s smart lawn mowers have received positive market feedback, with steady increases in order volumes [15] Group 4: Technological Advancements - The company possesses over 80% of the core components' design and manufacturing capabilities, including battery packs, motors, and controllers [4] - The company has deployed nearly 300 industrial robots and established several provincial-level smart manufacturing demonstration factories, achieving full-process quality control [5] - The third-generation lawn mower utilizes centimeter-level satellite positioning and multi-sensor fusion systems, significantly enhancing its operational capabilities [11]
格力博(301260) - 2025年5月15日格力博业绩说明会