SYG(SZ:300740)2022-12-04 09:34Group 1: Company Overview - The company, Yujiahui, is involved in multiple brands and categories, focusing on a multi-channel development strategy to enhance offline business growth [2] - The management team includes personnel from various sectors such as business, finance, and R&D [2] Group 2: Business Performance - In 2019, the revenue share from agency brands increased, and it is expected to rise further in 2020 [3] - Johnson & Johnson's consumer goods sales in China were approximately several billion yuan in 2019, with a target of reaching a scale of ten billion yuan through collaboration [4] Group 3: Product Strategy - The company offers a diverse range of face masks, including four subcategories: sheet masks, mud masks, non-mud wash-off masks, and sleeping masks, with a competitive edge in the market [4] - The brand aims to maintain a leading position in the face mask category while expanding into a comprehensive beauty enterprise [4] Group 4: Profitability and Brand Development - The increase in gross margin is attributed to strong brand management and operational capabilities, with adjustments made in 2019 to enhance brand development [5] - The company emphasizes the integration of modern technology with traditional techniques, exemplified by the unique production method of its flagship product, the Nine Method Mud Mask [5]