Juli Culture(SZ:002247)2022-12-07 08:54Group 1: Product Applications - The company's ice-fire board is primarily used as a substitute for tiles, marble, and wood finishes, with applications in hospitals, real estate, hotels, and other sectors [1] - The increasing trend of real estate developers offering finely decorated units is driving demand for the ice-fire board, which meets both developers' and consumers' needs [3] Group 2: Accounts Receivable Risk Control - The company employs a rating system based on client size, brand, credit level, and purchase volume to manage credit limits and payment terms, maintaining strict control [3] - The year-end accounts receivable balance has remained around 10% of annual revenue over the past three years, indicating low risk [3] - Approximately 95% of accounts receivable are aged within one year, reflecting short payment terms [3] - The concentration of accounts receivable is low, with the top five clients accounting for about 26% of the total [3] Group 3: Growth Points for 2015 - In 2015, growth will be driven by the gradual release of new products such as high-gloss boards and ice-fire boards, as well as the benefits from newly established subsidiaries and projects [3]