KinLong(SZ:002791)2022-12-04 06:50Group 1: Industry Overview - The domestic building hardware market is fragmented with a wide variety of products and significant quality differences, indicating a multi-tiered competitive landscape [3] - The rapid development of the construction industry in China, driven by urbanization, presents substantial growth opportunities for the building hardware sector [3] - The industry is characterized by a large number of small and medium-sized enterprises, while larger domestic companies are emerging through accumulation and mergers, indicating a clear trend towards industry consolidation [3] Group 2: Company Advantages - The company possesses a well-known brand image and outstanding project performance, along with high-level technical capabilities and a modern management system [4] - The company has nearly 400 domestic and international sales outlets, with plans to increase personnel and sales points based on market expansion and new product introductions [4] - The company offers a "manufacturing + service" model, providing integrated product supply and specialized technical services, enhancing overall competitiveness [5] Group 3: Market Expansion and Performance - The company has established over 31 overseas sales offices and sold products to more than 100 countries and regions, with overseas revenue growing by 27.28% year-on-year, increasing its share from 11.54% in 2015 to 12.62% in 2016 [7][8] - The company has registered over 136 trademarks in 118 countries and regions, laying a solid foundation for brand internationalization and market expansion [8] - The company’s smart lock sales are rapidly increasing, primarily targeting B-end customers, with a leading market share in the engineering sector [9]