DAYE(SZ:300879)2022-11-17 14:34Group 1: Market Position and Strategy - The landscaping machinery market is concentrated in Europe and the US, with the US accounting for approximately 50% of the market share, and the EU holding over 30% [3] - The company established its German subsidiary in 2014 and its US subsidiary in 2017, with a marketing service network built in 2018 [3] - In the second half of 2020, the company began cooperation with Home Depot, which became its fourth-largest customer in 2021 [3] Group 2: Product Development and Offerings - The company primarily focuses on lawn mowers, including push mowers, smart mowers, and riding mowers, and is expanding into lithium battery products across three voltage platforms [3] - The company is currently developing a third-generation robotic lawn mower with path planning and boundary-less functionality [3] - Future product offerings will include other gardening tools and indoor cleaning equipment, as well as agricultural tools powered by lithium batteries [3] Group 3: Market Potential and Growth - There is significant sales potential in overseas markets, particularly in North America, which holds half of the global market share [4] - The company plans to increase its overseas manufacturing scale and enhance its product offerings to provide high-quality, cost-effective products [4] - The overall growth rate in the North American market is still in its early stages, indicating room for expansion [4]