ZHONGYEDA(SZ:002441)2024-05-24 08:34Group 1: Company Overview - The main business of Zhongyeda Electric Co., Ltd. involves distributing electrical components through its own sales network and manufacturing integrated systems and products [1] - The company's core competitiveness is summarized as a "3+1" network, which includes a distribution network, logistics network, technical service network, and internet integration [1] Group 2: Distribution Network - The company has a comprehensive sales network with 54 subsidiaries and over 100 offices across major cities in China, providing stable and timely products and services [2] - Future plans include further deepening and expanding the sales network to cover third- and fourth-tier cities and blank areas, while continuously increasing new product lines and brands [2] Group 3: Logistics Network - The company operates 7 major logistics centers and 50 distribution warehouses, effectively shortening delivery cycles nationwide [2] - Plans to upgrade existing facilities and optimize logistics management to enhance supply chain efficiency and service quality [2] Group 4: Technical Service Network - A national industrial technical service network has been established, providing pre-sales technical support, industry solutions, training, and after-sales services [2] - The launch of the technical service platform zydCARE aims to unify service demand and resource allocation [2] Group 5: Product Pricing and Inventory - Product pricing is determined based on supplier guidance, procurement costs, and market conditions [3] - The company maintains stock for regular items, with lead times ranging from 2 weeks to 2 months, ensuring no stock exceeds 3 months [3] Group 6: Brand Distribution - The company distributes products from nearly 200 brands, with over 1 million SKUs, where foreign brands account for a significant portion [3] - The top five suppliers in 2023 accounted for 76.41% of the company's procurement, including brands like Schneider, ABB, and Siemens [3] Group 7: Investment Plans - Plans to invest in establishing subsidiaries or new offices based on domestic market conditions, including a capital increase of SGD 42 million for a wholly-owned subsidiary in Singapore [4] - The company aims to expand its electrical automation sales business in Southeast Asia [4] Group 8: Market Performance and Forecast - Emerging industries like renewable energy are performing well, while the real estate sector is weaker [4] - The company expects to achieve a revenue of CNY 12.511 billion in 2024, a 5% increase year-on-year, with a net profit of CNY 251 million, a decrease of 3.57% [4]