KORRUN(SZ:300577)2023-04-27 12:14Group 1: Company Performance Highlights - In 2022, the company benefited from its global layout and advanced manufacturing capabilities, achieving a historical high in business orders due to strengthened relationships with existing clients and accelerated new client development [2][3] - The brand management business optimized its channels in response to market demand fluctuations, implementing cost reduction and efficiency enhancement measures to improve profitability [2][3] Group 2: Capacity Layout and Future Planning - The company has a global production base in Chuzhou, Indonesia, and India, with planned capacity expansion aligned with customer order forecasts [3] - Future capacity investments will focus on countries with labor population advantages, cost benefits, and favorable import/export trade tariffs, such as Indonesia and India [3] Group 3: Industry Perspective and Growth Opportunities - The apparel OEM sector presents a larger market space compared to the bag manufacturing sector, particularly in the sports and casual wear segments, with potential for companies to achieve over 10 billion in revenue [3] - The company aims to explore opportunities in apparel and fabric manufacturing, positioning this segment as a "second growth curve" to enhance upward development [3] Group 4: Profit Margin Trends - The company plans to optimize its client structure and improve operational management efficiency to steadily enhance gross margins in the OEM manufacturing segment [3] - In brand management, the company will leverage its supply chain integration capabilities and continuously introduce new products to increase average transaction value and improve gross margins [3]