弘亚数控(002833) - 2024年5月10日投资者关系活动记录表（二）

Group 1: Market Dynamics - The replacement of furniture machinery is driven by two main factors: the decline in processing accuracy and speed due to wear and tear, and the increasing demand for higher-quality, automated equipment from a younger consumer base [2]. - The company primarily uses a distribution model, with domestic agents operating on a provincial buyout basis and foreign agents by country, indicating a uniform approach to market expansion and after-sales service [3]. Group 2: Emerging Markets - The company’s products are mainly targeted at countries along the Belt and Road Initiative and the European and American markets, with emerging economies expected to see stable growth over the next 5-10 years due to rising furniture consumption demands [3]. - Emerging economies have a large population base and abundant natural resources, with furniture market penetration still low, suggesting significant growth potential in the future [3]. Group 3: Financial Outlook - The company’s domestic and international market shares are approximately 70% and 30%, respectively, both experiencing synchronized growth [3]. - For Q1 2024, the company reported strong performance and maintains a cautiously optimistic outlook on domestic market demand, primarily due to uncertainties in downstream demand [4].