Der(SZ:002631)2022-12-08 05:16Group 1: Company Overview - Del International Home Co., Ltd. focuses on engineered wood flooring, with a significant market share in laminate flooring [2] - The company has introduced new products, including formaldehyde-free flooring and a German-designed laminate flooring, which have higher profit margins [3][4] Group 2: Financial Performance - The gross margin for laminate flooring has increased to approximately 39%, while the gross margin for engineered wood flooring has reached around 30% [3] - The introduction of high-value-added products has contributed to the improvement in overall product gross margins [3] Group 3: Sales and Distribution - The company employs both distribution and direct sales models, targeting retail consumers and large real estate developers [4] - Strategic partnerships have been established with major developers like Vanke and Evergrande, enhancing the company's market presence [4] Group 4: Future Development Plans - The company plans to strengthen its core flooring business and enhance the Del brand over the next few years [5] - There are intentions to integrate advantageous assets to improve overall company efficiency while managing risks [5]