SEAGULL(SZ:002084)2023-02-09 09:20Group 1: Development of Prefabricated Bathroom Products - In 2022, the company restructured its prefabricated bathroom business due to the impact of the real estate industry and the relocation of its Suzhou factory, implementing an operational model of "two brands + one manufacturing site" with brands "Haochao" and "Furunda" [1] - The prefabricated bathroom products utilize new high-tech materials and are produced through standardized factory processes, featuring components like waterproof trays, wall panels, and ceiling panels to create independent sanitary units [1] - The products have been involved in the construction of temporary hospitals in Hong Kong, Foshan, Shanghai, Hangzhou, and Guangzhou, showcasing their application in critical infrastructure [1] Group 2: Future Business Expansion - The company plans to expand its prefabricated bathroom business into residential, commercial, and other sectors, indicating a broadening of its market reach [1] - The double-sided color steel products are widely used, with a thickness of 5 cm, allowing for reduced costs and installation time for partition walls, while also enabling quick installation without the need for a framework [2] - The double-sided color steel can achieve higher-end effects, replacing traditional partition walls and allowing for simultaneous renovation of both the interior and exterior of bathrooms [2] Group 3: Investment in Vietnam Manufacturing - The company is increasing its investment in the Vietnam faucet manufacturing center, supporting the construction of the Batong and Datongnai faucet factories [2] - It aims to establish a unified standard through information technology and lean management practices, ensuring quality systems and strict implementation of lean management [2] - The investment strategy in Vietnam is aligned with the RCEP region, facilitating service to domestic and European markets from Chinese factories, while the Vietnamese factories will cater to the U.S. market and future RCEP member countries [2]