SOLEX(SH:603992)2022-11-17 15:10Group 1: Company Overview and Business Strategy - Xiamen Songlin Technology Co., Ltd. operates under the "Healthy Hardware IDM" strategy, focusing on dual-engine development with "Songlin Home" business [2][3] - The company’s main revenue sources include three categories: kitchen and bathroom health, beauty health, and emerging smart health [2][3] - Kitchen and bathroom health products, such as showerheads and smart toilets, are the primary revenue contributors [2][3] Group 2: Technology and Resource Sharing - The company emphasizes technology sharing, allowing innovations like micro-bubble technology to be applied across different product lines [3][4] - Manufacturing and technical resources are shared between beauty health and kitchen health products, enhancing efficiency and reducing costs [2][3] Group 3: Financial Performance - In Q1 2022, the company reported a net loss increase of approximately 1.9 million, while the net profit from the "Healthy Hardware IDM" business increased by about 1.8 million, resulting in overall revenue growth but stable net profit [3][4] - The company’s overseas business accounts for about 70% of its operations, with a slowdown in orders for kitchen health products compared to the previous year [3][4] Group 4: Market Impact and Future Growth - The pandemic significantly impacted customer demand and orders, particularly affecting the "Songlin Home" business in the Quanzhou area [3][4] - Future growth is expected from both "Songlin Home" and "Healthy Hardware IDM" businesses, with a focus on personalized and modular product offerings [4][5] - The company plans to explore acquisition opportunities in the beauty health category if suitable targets are identified [5]