Group 1: Financial Performance - The company's interest expenses have increased significantly this year due to a rise in short-term borrowings compared to last year [3] - The overall gross profit margin has declined year-on-year, but measures to reduce costs and improve efficiency have led to a sequential increase in gross profit margin in Q3 2025 [2] - Three out of four new shoe production factories set to be operational in 2024 have achieved interim profitability targets [5] Group 2: Operational Insights - The U.S. tariff policy changes are expected to increase costs for customers selling to the U.S. market, but will not affect sales to non-U.S. regions [2] - The company is actively monitoring tariff policy changes and maintaining close communication with customers and suppliers to optimize costs [2] - The production capacity for Adidas factories in Vietnam, Indonesia, and China is progressing as planned, with no significant order changes reported [4] Group 3: Future Plans - The company plans to continue expanding production capacity in response to customer demand, with a focus on new factories in Indonesia over the next 3-5 years [5] - Production capacity adjustments will be made based on annual order conditions, including employee numbers and overtime management [5]
华利集团(300979) - 300979华利集团投资者关系管理信息20251030