YUTO TECH.(SZ:002831)2024-05-17 14:33Group 1: Company Strategy and Future Plans - The company will focus on a comprehensive cost-leading strategy, combined with differentiated strategies, regional strategies, and project strategies, to pursue international development and enhance core competitiveness through new customer acquisition and market expansion [2] - The company is committed to accelerating the construction of smart factories, with several projects underway across various locations, including completed phases in Suzhou and Chengdu, and ongoing developments in Jiujiang and Longgang [3] Group 2: International Expansion - The company has established seven production bases in overseas markets, including Vietnam, India, Indonesia, Thailand, and Malaysia, and plans to increase investment in these markets in 2024 [3] - New projects in Indonesia and Vietnam are set to commence production, while new factories in Mexico and the Philippines are also in the pipeline [3] Group 3: Environmental Initiatives - In 2023, the company's revenue from environmental packaging was approximately 1.06 billion yuan, accounting for about 7% of total revenue [4] - The company has received approval to establish an Environmental Packaging Materials R&D Center in Shenzhen, focusing on biodegradable materials and expanding its competitive advantages in the environmental sector [4] Group 4: Research and Development - The company invested approximately 696 million yuan in R&D in 2023, representing 4.57% of its operating revenue, focusing on biodegradable packaging materials and new functional chemicals [4] - Continuous innovation and R&D investment are prioritized to maintain technological leadership and enhance industry position [4] Group 5: Market Trends and Challenges - The company is adapting to slow growth in the consumer electronics market by leveraging its established customer base across various sectors, including high-end consumer goods and healthcare [3] - The company is closely monitoring raw material price trends and has implemented strategies to mitigate price volatility, ensuring long-term competitive advantages [5] Group 6: Talent Management - The company emphasizes talent development through dual career paths and regular talent assessments to identify and nurture key personnel [5] - Initiatives are in place to enhance employee engagement and retention, fostering a sense of belonging and responsibility among staff [5]