FIYTA(SZ:000026)2022-12-08 09:24Group 1: Company Overview - Feiyada has over 2,100 outlets, while Hengjili has more than 250, covering first to fourth-tier cities across China [2] - The company plans to maintain a similar store opening pace as previous years [2] Group 2: E-commerce Performance - E-commerce sales for Feiyada account for nearly 10% of total revenue [2] Group 3: Product Development - Feiyada will launch nearly 100 new products this year, designed by its in-house team, achieving a historical high in sales performance [3] - Sales growth is attributed to both increased volume and stable price adjustments, with brand recognition playing a significant role [3] Group 4: Distribution and Partnerships - The majority of Feiyada's stores are self-operated, with a slight increase in the proportion of distributors due to growing market acceptance [3][4] - The company is expanding its own movement production capabilities and exploring partnerships with high-quality movement manufacturers [4] Group 5: Market Trends and Future Plans - The company is monitoring the smart watch market but has not yet seen significant success from existing brands [5] - Feiyada does not currently plan to change its brand ambassadors, as existing partnerships are satisfactory [6]