HCLC(SZ:002344)2022-12-08 09:28Group 1: Company Overview - The company differentiates itself from commercial real estate by having a strong industrial foundation and close ties with merchants, utilizing a direct sales model and a replication business strategy [2] - The company has been operating for 20 years, establishing brand influence and providing a series of industry services to merchants, including events and competitions [2] Group 2: Market Expansion and Impact - The company plans to open new markets in Urumqi and Jinan next year [2] - Market expansion into other regions is not expected to negatively impact the main market's customer flow, as local customers tend to shop at nearby markets [2] - The company aims to capture local market share through its expansion strategy, leveraging direct sales to attract customers [2] Group 3: Economic Conditions and Opportunities - The company views economic downturns as opportunities, citing the Urumqi project as a model for quick market acquisition at low costs [2] - The company does not rely on the internet but acknowledges its impact, maintaining a focus on physical market operations while also utilizing its own website for service and marketing [3] Group 4: Location Considerations for Expansion - Site selection for market expansion typically focuses on suburban areas, with specific regions chosen based on existing industrial foundations and local consumer preferences [3]