SBS(SZ:002098)2022-11-19 02:40Group 1: Financial Performance - In Q4 2021, the gross margin for the zipper business was 31.19%, while the cross-border e-commerce business maintained a stable gross margin [3] - The revenue from overseas transactions in 2021 was approximately 3.25 billion CNY, showing recovery from the pandemic-affected 2020 revenue of 2.21 billion CNY [4] - The company expects the gross margin for the zipper business in 2022 to remain similar to that of 2021 due to competitive market conditions [4] Group 2: Impact of External Factors - The recent pandemic affected logistics and production, with a 20% decrease in shipment volume compared to normal periods [3] - The company faced challenges in raw material procurement and employee mobility due to pandemic control measures, but managed to maintain production through effective management [3] - The increase in logistics costs and decreased efficiency were noted due to the Shanghai lockdown, impacting overall operational performance [3] Group 3: Market Trends and Strategies - The company is observing rising costs for production factors (e.g., gas, electricity) and plans to communicate price adjustments with customers as necessary [4] - The cross-border e-commerce sector is experiencing intense competition, leading to erosion of profit margins, with expectations for 2022 margins to remain stable compared to 2021 [4] - The company is considering overseas expansion due to improved domestic manufacturing capabilities compared to Southeast Asia [3]