DAYE(SZ:300879)2024-04-30 08:41Group 1: Company Performance - The company experienced significant growth in Q1 2024, driven by increased demand from North American customers [2] - The company's R&D expenses for 2023 amounted to 67.87 million, reflecting a 7.27% increase compared to 2022 [3] - The company's revenue growth in Q1 2024 was primarily attributed to rising demand from American customers [3] Group 2: Production and Capacity - The company has two domestic production sites in Yuyao City, covering over 630 acres, and an overseas warehouse in the U.S. with a factory under construction in Mexico exceeding 350 acres [3] - The company is expanding its collaboration with Home Depot, with North American sales revenue continuously increasing [3] Group 3: Market Challenges and Opportunities - The impact of high inflation and consumer downgrade in the U.S. is affecting product sales, but lawn care products remain essential for consumers [3] - The company does not anticipate significant order impacts from California's potential ban on gas-powered equipment, as the ban does not prohibit usage [3] Group 4: Brand Development - The company is focusing on brand development as a key strategy, with existing brands like "MOWOX" and "Green Machine" and plans for further expansion into multi-branding [3]