ZDG(SZ:000906)2022-12-03 09:20Group 1: Company Overview and Strategy - Zhejiang Zhongtuo Group focuses on the bulk commodity sector, emphasizing value-added services along the industrial chain and expanding its product offerings [1][2] - The company established an investment department to explore projects in modern logistics, emerging industries, and smart manufacturing [2] - The company has a strong emphasis on risk control and maintains a steady inventory to mitigate the cyclical risks associated with bulk commodities [2][3] Group 2: Business Model and E-commerce - The company has developed an e-commerce platform, Zhongtuo Steel Network, to enhance supply chain management and improve operational efficiency [3] - The e-commerce team has grown to over 50 members, focusing on customer management and price risk management systems [3] Group 3: Financial Services and Collaboration - The company provides comprehensive supply chain financial services, including prepayment solutions, inventory financing, and accounts receivable management [3] - By integrating supply chain finance with other financial services, the company aims to enhance customer relationships and mitigate risks associated with overdue payments [3] Group 4: Growth and Performance - The company has achieved significant revenue and net profit growth over the past decade without any asset injections, indicating strong organic growth [4] - In recent years, the company has focused on enhancing its supply chain integration capabilities and expanding its business model nationally and internationally [4] - The return on equity has improved significantly, reaching 6.78%, 9.76%, and 5.46% in 2016, 2017, and the first half of 2018, respectively, demonstrating strong competitiveness in the industry [4]