SOLEX(SH:603992)2023-10-16 02:58Group 1: Business Overview - Xiamen Songlin Technology Co., Ltd. focuses on three main business areas: kitchen and bathroom health, beauty health, and smart health [1] - The company plans to prioritize the development of beauty health products and actively explore new categories [1] - Current order situation shows a neutral market response, with the Chinese and U.S. markets recovering to normal levels, while the European market still lags behind [1] Group 2: Customer Structure - The company's main customers are high-end kitchen and bathroom brands, with a customer base covering over 50 countries, including the U.S., Europe, Japan, and Australia [2] - The proportion of foreign sales remains significant, accounting for nearly 70% of total sales [2] - The top five customers are primarily from the kitchen and bathroom health sector, but the revenue share from these customers is gradually decreasing as the beauty health sector develops [2] Group 3: Product Revenue Structure - The revenue from the beauty health category mainly comes from beauty showers and beauty devices, with expectations for growth as new products are developed [3] - The concentration of customers in the beauty health category is currently high, but it is expected to decrease as new customers and projects emerge [2] - The company aims to maintain a diversified customer strategy while ensuring sufficient growth from various customer segments [2]