Feiliks(SZ:300240)2023-05-19 09:11Group 1: Company Growth and Strategy - The company has experienced rapid compound growth in revenue and profit over the past few years, driven by a focus on the manufacturing supply chain and a large customer base of approximately 10,000 active clients, which presents significant logistics demand [2] - Business transformation initiatives are opening up new growth opportunities, particularly in VMI (Vendor Managed Inventory) services, which have substantial potential [2] - The company has made early investments in the new energy vehicle sector, anticipating strong future growth and similarities in material attributes with the electronics industry, facilitating the transfer of logistics management experience [3] Group 2: International Logistics and Competitive Advantage - The international freight forwarding business is a crucial extension of comprehensive logistics services, providing essential solutions to clients and covering over 50 countries with partnerships exceeding 30 agencies [3] - The company manages a total warehouse area of 967,000 square meters, with 325,000 square meters being self-built and 75,000 square meters automated, leading to cost savings of approximately 30%-50% compared to traditional warehouses [3] - The company has accelerated the establishment of overseas networks, particularly in Southeast Asia, to capitalize on opportunities arising from global supply chain adjustments and production relocations [4] Group 3: Overseas Expansion and Market Presence - The company has established branches in Singapore, Vietnam, Thailand, and Malaysia, with Vietnam being the fastest-growing area, operating nearly 60,000 square meters of warehouse space and implementing bonded VMI services [4] - The Thai operations have commenced, focusing on rapid growth in the electronics and automotive sectors, reflecting the company's strategic positioning in high-demand markets [4]