DOUBLE ARROW(SZ:002381)2022-12-04 08:56Group 1: Elderly Care Business - The first nursing home established by the company, Tongxiang Heji Nursing Home, has reached full occupancy with 180 beds planned for future expansion [2] - The company currently manages approximately 1,100 beds across various facilities, including subsidiaries [3] - The elderly care business is still in a loss-making state, with only the Heji Nursing Home achieving profitability so far [4] Group 2: Business Expansion Plans - The company plans to expand its elderly care services primarily in local areas using a light asset model, gradually moving towards larger cities [3] - For external investments in elderly care, the company will continue to adopt a light asset approach, primarily through leasing [3] Group 3: Conveyor Belt Business - The conveyor belt business remains the main profit source, while the elderly care segment is still small and unprofitable [4] - The company has seen stable production capacity in the conveyor belt sector, with a focus on high-end products leading to improved profit margins [4] - The company is constructing a new project with an annual capacity of 10 million square meters for high-strength conveyor belts to alleviate production delays [5] Group 4: Market Stability and Sales - Conveyor belts are primarily used in coal, steel, ports, cement, and electricity industries, which account for about 90% of total consumption, making the demand relatively stable [5] - The company’s sales model is based on order-driven production, with various payment methods depending on customer types [6] Group 5: International Business and Shareholder Actions - Currently, the company’s overseas business accounts for less than 30%, with plans to establish direct sales relationships with foreign mining companies [7] - Shareholders have disclosed plans to reduce their holdings, which is part of a normal exit process for financial investments [7]