ANLI(SZ:300218)2024-01-25 14:20Sales Performance and Expectations - In 2023, the company's sales in the functional footwear and sofa home categories accounted for approximately 80% of total revenue, while emerging categories like automotive interiors, electronics, sports equipment, and engineering decoration contributed around 20% [1] - The functional footwear segment experienced a decline in sales due to inventory adjustments by domestic and international sports brands, but a recovery is expected in 2024 as orders improve [1] - Sofa home sales rebounded in the second quarter of 2023, with significant growth from major clients like Zhi Huashi and Aishili, leading to a positive outlook for 2024 [2] Strategic Developments - The company is expanding its automotive interior and electronics segments, having established partnerships with brands such as BYD, Toyota, and Apple, with expectations for rapid growth in these areas [2][3] - The company is actively working to increase its market share in the TPU (thermoplastic polyurethane) segment, which has a high technical barrier but significant growth potential [4][5] Client and Market Expansion - The company has developed a client gradient system in the sofa home category, which has created a solid foundation for future growth [2] - In the sports brand sector, the company is enhancing cooperation with domestic brands like Anta and Li Ning, with expectations for sales growth in 2024 [3] - The company is also targeting international sports brands such as Fila and Converse to expand its market presence [4] Financial Outlook - The company anticipates a revenue growth rate higher than 6-7% in 2024, driven by the expansion of its product categories and improved internal market share [3] - The Vietnam base is expected to break even and become profitable by 2024, as it focuses on high-end markets and expands its client base [5]