ANLI(SZ:300218)2023-12-11 14:21Group 1: Sales Performance and Market Trends - The sofa home furnishing business showed signs of recovery in 2023, with sales expected to grow rapidly next year despite a decline compared to 2021 [1] - The functional footwear material sales experienced a decline in 2023, but there was a positive trend in the second quarter, with expectations for improvement continuing into 2024 [2] - The company has established a strong presence in the domestic sports leisure market, with significant brand partnerships, while still seeking to expand in international markets [2] Group 2: Production and Supply Chain - The company has a production line compatible with TPU products and is actively promoting these products, with a market share of TPU in brand procurement ranging from 20% to 40% [3] - The company invested in a factory in Vietnam in 2017 to better serve international brands and mitigate trade risks, but the current utilization rate is low, and it is working to improve this [3][4] - The cost structure of the company shows that raw materials account for approximately 60-65% of total costs, with energy costs around 10% [4] Group 3: Future Development and Strategy - The company aims to enhance its product offerings in high-performance, multifunctional, and eco-friendly materials, while also developing new technologies and materials [4] - The automotive interior and electronic products are identified as key growth areas, with expectations for high growth rates in sales [5] - The company plans to focus on professionalization, branding, and scaling, with a strategy to increase the proportion of high-margin products like automotive and TPU materials [6]