Guangzhou KDT machinery (SZ:002833)2022-12-05 01:48Group 1: Company Performance - The company's gross profit margin for products is close to 40% in the first half of 2017, which has remained stable in recent years [1] - The company has proprietary core technologies that facilitate import substitution, enhancing production efficiency for furniture manufacturers [1] - The company anticipates broad development prospects due to increasing industry concentration, the popularity of customized furniture, and expansion into overseas markets [1] Group 2: Sales and Market Strategy - Approximately 90% of the company's sales revenue comes from distributors, with a small portion sold directly to end customers [2] - The lifespan of the company's products is generally between 5 to 8 years, with low procurement frequency from individual furniture manufacturers [2] Group 3: Future Growth and Product Development - The company plans to develop towards Industry 4.0, focusing on market demand and enhancing product R&D innovation [2] - The customized furniture market presents significant growth opportunities, with CNC products like woodworking centers and CNC drilling centers expected to drive future business growth [2] - The production model in the furniture industry is shifting from standardized to customized, prompting manufacturers to prioritize processing efficiency and modular convenience to meet rising consumer demand [2]