R&T(SZ:002790)2023-08-28 11:11Group 1: Financial Performance - In the first half of 2023, the company achieved operating revenue of 973 million, a year-on-year increase of 8.09% [2] - The net profit attributable to shareholders was 113 million, reflecting a year-on-year growth of 35.84% [2] - The net profit excluding non-recurring gains and losses was 105 million, with a year-on-year increase of 38.51% [2] Group 2: Market Strategy - The company focuses on market expansion, brand building, and cost reduction to maintain stable growth [2] - The sales strategy includes a differentiated approach for online and offline channels, emphasizing product cost-effectiveness [2] - Online sales are primarily conducted through platforms like Douyin, Tmall, and JD, while offline sales target hotel and real estate engineering channels [2] Group 3: Product Development - The company’s smart toilet products are positioned in the mid-to-high-end price range, with a broad coverage of different price segments [3] - New product launches are aligned with market trends and consumer demands, particularly before major promotional events [3] - The company holds over 1,700 valid patents, including more than 100 invention patents, showcasing its commitment to technological innovation [4] Group 4: Customer Engagement - The company aims to enhance brand recognition to attract a wider consumer base [3] - The customer structure for ODM (Original Design Manufacturer) business remains stable, focusing on high-end bathroom brands and well-known home appliance companies [3] - The engineering channel's revenue was below expectations due to the real estate environment, prompting the company to explore new projects in real estate and hospitality [3]