DEHUA TB(002043)2022-11-17 14:36Group 1: Business Impact and Recovery - The pandemic had varying impacts on different business segments, with the core board business showing resilience due to diversified regional operations [3] - Sales in East China were significantly affected in March and April due to logistics disruptions and construction delays, particularly in Shanghai, Jiangsu, Anhui, and Fujian [3] - Overall, the company's performance in Q2 was within expectations, and there is confidence in achieving annual targets as recovery progresses [3] Group 2: Market Outlook and Demand - The demand for decorative materials and custom furniture is expected to remain stable, driven by the increasing housing stock and the need for renovations, especially for older low-end products [4] - The annual sales of new homes exceed 10 million units, indicating a robust market demand [4] Group 3: Strategic Planning and Customer Management - The company is focusing on the safety of accounts receivable and optimizing customer structure to enhance service quality and customer satisfaction [4] - Future plans for Yufeng Hantang include expanding product categories and integrating with Rabbit Baby's flooring, doors, and board products [4] Group 4: Competitive Advantage and Cost Management - The company has developed strong competitive advantages in brand influence, marketing channels, R&D, product quality, and supply chain management over 30 years [4] - Raw material prices, including wood, adhesives, and impregnated paper, are expected to remain stable, leading to consistent gross margins for the year [4]