YOTRIO(SZ:002489)2022-12-08 09:24Group 1: Business Performance and Orders - The majority of orders for the upcoming business year have been confirmed, significantly boosted by the recovery in Europe and the US [1] - The company emphasizes quality over quantity in production, especially given high standards from foreign clients [1] - The domestic market is competitive with many small manufacturers offering low prices, but the company aims to focus on brand products due to its quality [1] Group 2: Cost and Profitability - Rising labor costs have a significant impact on the company, which has started automating processes to mitigate this issue [1] - The gross profit margin is expected to decline due to several factors, including increased labor costs, fluctuating raw material prices, and exchange rate changes [3] - The main business, being in manufacturing, experiences stable but limited growth [4] Group 3: Future Developments - The Ningbo experience center is projected to be completed by the end of the year, featuring a 15,000 square meter exhibition area for display and retail [2] - The company is open to mergers and acquisitions, primarily focusing on its main industry, but has not finalized any deals in other sectors [5] Group 4: Management Decisions - The owner's significant share reduction is attributed to funding needs for real estate projects and family investments [4]