ERA(SZ:002641)2022-12-05 02:22Group 1: Company Overview and Partnerships - The company has established partnerships with several well-known real estate developers, including Vanke, Evergrande, and China Overseas [2][3] - The company has been recognized as a Class A supplier by Vanke since 2013, being the only plastic pipe supplier to achieve this honor continuously [3] Group 2: Financial Performance and Goals - The company's revenue target for 2020 is set at 6.721 billion yuan, an increase of 681 million yuan (approximately 11.27%) compared to 2019 [4] - The net profit growth is expected to be no less than the revenue growth rate [4] Group 3: Accounts Receivable and Revenue Sources - Accounts receivable primarily come from real estate and municipal engineering businesses, with a smaller portion from channel business [3] - In 2019, the company's foreign trade sales revenue was over 700 million yuan, accounting for about 12% of total sales revenue [5] Group 4: Production and Inventory Management - The company’s production capacity utilization rate is between 85% and 90% [5] - The company has increased its raw material inventory due to relatively low prices, which positively impacts performance when prices decline [4] Group 5: Export and Market Presence - The company exports products to over a hundred countries and regions, including Asia, the Middle East, Europe, the Americas, Africa, and Oceania [5] - The establishment of a production base in Dubai aims to enhance export capabilities and create synergies with pipe fittings, boosting sales in surrounding regions [5]