Vanward(SZ:002543)2025-05-20 11:04Group 1: Overseas Market Expansion - The company is actively expanding its overseas market presence, with production bases established in Thailand and Egypt. The first phase of the Thailand factory commenced production in April 2024, and the second phase is in trial production as of April 2025. [2] - The total investment in the Thailand production base will increase from RMB 353 million to RMB 604 million, with an additional investment of RMB 251 million sourced from self-owned and raised funds. [2] - The registered capital for the Thailand subsidiary will be increased from 441.25 million THB to 755 million THB to meet operational funding needs. [3] Group 2: Impact of Tariffs and Market Strategies - The company exports primarily to Europe, the United States, and Southeast Asia, with products like gas ovens and dehydrators sold under FOB trade terms, where tariff costs are borne by customers. [3] - To mitigate the impact of U.S. tariff policies, the company is enhancing customer communication, improving internal efficiency, and diversifying markets to reduce reliance on any single region. [3] - The company is pursuing a dual-driven strategy focusing on both domestic and international markets to enhance overall risk resistance and maintain competitiveness. [3] Group 3: Operational Efficiency and Profitability - In response to the shift from an incremental to a stock market in the home appliance industry, the company aims to maximize scale while ensuring moderate profit growth. [3] - The company is implementing a comprehensive management system focusing on efficiency, cost control, and cash flow management to stabilize profitability. [4] - Short-term strategies include optimizing internal processes, reducing costs, and managing inventory effectively to ensure financial stability. [5] Group 4: Innovation and Brand Strategy - The company is leveraging AI technology to enhance product innovation, operational efficiency, and overall manufacturing processes. [4] - A new brand positioning, "China Wanhe · Reliable," was launched in August 2024, emphasizing reliability as a core value to adapt to market changes. [5] - Long-term strategies focus on increasing R&D investment and building a robust technological innovation system to maintain competitive advantages in the market. [5]