KORRUN(SZ:300577)2023-08-29 02:46Group 1: Company Position and Competitive Advantage - The company has established itself as a leader in the bag manufacturing sector, with a competitive advantage in global layout and cost efficiency through overseas factories in regions like Indonesia and India [2][3] - The company is leading the industry in digital transformation, enhancing production efficiency through automation, information technology, and lean management [3] Group 2: Financial Performance - In the first half of 2023, the company's net profit attributable to shareholders and the net profit after deducting non-recurring gains and losses were affected by foreign exchange trading losses due to the depreciation pressure of the RMB [3] - The gross profit margin for brand operations increased by 4.15% year-on-year in the first half of 2023, driven by reasonable price increases and a focus on brand and product strength [3] Group 3: Future Outlook - The company expects the gross profit margin for brand operations to continue to rise steadily in the second half of the year as new products are launched and a differentiated product matrix is established across channels [3]