YOTRIO(SZ:002489)2023-02-23 08:12Group 1: Company Overview - Zhejiang Yongqiang Group Co., Ltd. is a high-tech enterprise engaged in the design, research and development, production, and sales of outdoor leisure furniture and products, with over 30 years of development and accumulation [1] - The company's product range includes outdoor leisure furniture, sunshades, and tents, primarily used in family yards, terraces, outdoor leisure venues (restaurants, bars, beaches, parks), and hotels [1] - Major markets for the company's products include developed countries and regions such as the United States, Germany, and Australia, with sales channels including large chain supermarkets, brand merchants, and e-commerce platforms [1] Group 2: Business Processes and Seasonal Trends - The company experiences significant seasonality in its industry, with the order process typically starting in November for product selection, followed by order placement from April to August, production from September, and large-scale shipments beginning in November [2] - The sales season for end markets runs from February to September [2] Group 3: Production and Supply Chain - The company has considered expanding production capacity in Southeast Asia but has not implemented this due to inadequate local supply chains for metal furniture materials [2] - The external cooperation ratio has been maintained at approximately 30%, with a recent increase due to order growth outpacing production capacity; future adjustments are expected as new factories are established [2][3] Group 4: Market Conditions and Challenges - High inflation in Europe and the United States has negatively impacted short-term demand for outdoor leisure furniture [3] - The market is expected to see increased concentration as competition deepens, with market share shifting towards leading manufacturers [3] Group 5: Product Advantages and Customer Relations - The company stands out in R&D and design, being one of the few in the country with R&D centers abroad, including design teams in the U.S. and Germany [3] - Product advantages include environmental technology standards, quality assurance, delivery guarantees, and after-sales service [3]