KORRUN(SZ:300577)2024-02-06 09:54Group 1: Company Performance - The company experienced a significant year-on-year growth in 2023, driven by enhanced overseas manufacturing capabilities and improved client structure, resulting in increased gross margins and production efficiency [2][3] - The brand management sector turned profitable, capitalizing on the recovery of domestic travel consumption and market opportunities [2][3] Group 2: Supply Chain Strategy - The company's production capacity in Indonesia exceeds 50%, leveraging advantages in labor costs, tariff benefits, and market potential, which supports client needs for cost control and market expansion [3][4] - Indonesia's strategic importance is underscored by its status as the fourth most populous country and the largest economy in ASEAN, making it a favorable location for labor-intensive textile manufacturing [3] Group 3: Competitive Advantages - The company maintains a global demand and supply focus, collaborating with major brands like Nike, Adidas, and Uniqlo, while enhancing order volumes through differentiated global capacity [3] - Digital enhancements and lean management practices are employed to strengthen supply chain cost competitiveness [3] Group 4: Brand Development Initiatives - In 2023, the company focused on travel-related products, launching new items and iterating on existing products to capture market share [3] - For 2024, the company aims to establish its brand as a global player, leveraging a strong overseas team to expand online and offline distribution channels [4]