KORRUN(SZ:300577)2024-02-02 08:24Group 1: Company Performance - The company's 2023 performance saw a significant year-on-year growth, attributed to enhanced overseas manufacturing capabilities and improved client structure, leading to better gross margins and production efficiency [2][3] - The brand management sector turned profitable, capitalizing on the recovery of domestic travel consumption, with a focus on consumer trends and new product launches [3] Group 2: Competitive Advantages - The company's manufacturing demand and supply are globally sourced, allowing it to avoid reliance on any single country, focusing on major clients like Nike, Adidas, and Uniqlo [3] - The company has a differentiated global production capacity, with approximately 70% of its capacity located overseas, primarily in Indonesia [3] Group 3: Future Plans - Future capacity expansions will be strategically placed in countries with labor cost advantages and favorable import/export tariffs [3] - In 2024, the company aims to enhance its brand, particularly the 90 brand, by expanding both online and offline distribution channels globally [3]