DAYE(SZ:300879)2022-11-19 03:46Group 1: Company Overview and Market Position - Daya Co., Ltd. was established in February 2006 and has been operating for 16 years, focusing on lawn mowers as its main product [1] - The company has maintained the highest annual sales volume of lawn mowers in China for five consecutive years, particularly in gasoline-powered models [1] - The overall scale of the landscaping machinery industry is approximately $25-30 billion, with the company selling 1.2 million units in 2021 [1] Group 2: Global Market Distribution - Global market demand is primarily concentrated in Europe and the United States, with the U.S. accounting for about 50% of the market share and the EU for over 30% [1] - The company has established subsidiaries in Germany (2014), the U.S. (2017), and Thailand (2020), and set up a production line in the U.S. in 2021 [1] Group 3: Strategic Partnerships and Client Relationships - The company began collaborating with Walmart in 2019 and established a partnership with Home Depot in the second half of 2020, which has become the company's largest client as of Q1 2022 [2] - The company emphasizes a global, professional, and brand-oriented strategy to strengthen market presence and customer relationships [2] Group 4: Product Development and Innovation - The company is heavily investing in lithium battery products, having developed four major platforms: 20V, 40V, 62V, and 82V, focusing on handheld, push, robotic, and riding products [2] - The company is also working on integrating artificial intelligence algorithms to enhance product intelligence [2] Group 5: Future Plans and Production Capacity - The new factory in Hangzhou Bay has a production capacity of 900,000 units, which began production in the second half of 2021, with plans to add 60,000 units of riding mowers in the second phase [3] - The company is developing the third generation of robotic lawn mowers, aiming for features like path planning and boundary-less operation [3]