DAYE(SZ:300879)2024-04-30 08:41Group 1: Inventory and Sales Performance - As of the end of 2023, the company's inventory was approximately CNY 760 million, which decreased to about CNY 510 million by the end of Q1 2024, representing a reduction of 32.89% [3] - The company reported that the inventory destocking situation with North American clients is progressing smoothly [3] - The sales performance in Q1 2024 was strong due to successful inventory destocking, competitive pricing, and new product acceptance among North American consumers [3] Group 2: Partnerships and Product Development - The company has been collaborating with Home Depot since October 2020, leading to a deep partnership with increasing business volume [3] - Key products sold through Home Depot include step and riding lawnmowers [3] - The company is focusing on developing a full range of riding lawnmowers and expanding its lithium battery product lines, aiming for a professional, mid-to-high-end market positioning [3] Group 3: Overseas Expansion and Talent Acquisition - The company has established an overseas warehouse in the U.S. and is constructing a production base in Mexico, with an initial investment of USD 55 million and over 53,000 square meters of infrastructure expected to be operational in the second half of 2024 [3] - The company is actively recruiting global talent to enhance its technical research and management capabilities, aiming to improve the knowledge and professional structure of its workforce [3] Group 4: Future Outlook and Financing - The company is confident in its market competitiveness and has a normal level of current orders and expectations for Q2 2024 [3] - There is a strategic plan for potential refinancing projects based on market conditions and the company's specific needs, aside from domestic construction fundraising projects [3]