JIAXIN SILK(SZ:002404)2023-04-06 14:18Group 1: Investor Relations Activities - The investor relations activity included an earnings briefing meeting [1] - The meeting was held online via the "Jiaxin Silk Investor Relations" WeChat mini-program on April 6, 2023 [1] - Key personnel present included the Vice Chairman and General Manager, Mr. Xu Hong, and Independent Director, Ms. Fei Jinhong [1] Group 2: Market and Financial Performance - The company reported a 76.19% increase in net profit attributable to shareholders in 2022, primarily due to significant growth in foreign trade and exchange gains from RMB depreciation [2] - In the first quarter, exports increased year-on-year, and the company anticipates healthy growth in its customer base for the year [2] - The company is focusing on expanding into markets in Australia, Japan, and South America while deepening its presence in Europe and the United States [2] Group 3: Product Development and Competitive Advantage - The company is developing spider silk products using gene technology, which enhances the silk's properties while maintaining its softness and lightness [2] - The company has no known competitors in the market for spider silk products at this time [2] - The core competitive advantages in the clothing business include a long history, strong brand recognition, and a well-established supply chain across local and Southeast Asian markets [3]