Group 1: Sales and Shipping Challenges - In 2021, the company's online sales growth slowed due to shipping capacity and freight rate issues, with freight costs increasing from $2,000 to $10,000 [2][3] - Approximately 20% of goods were delayed until late December and early January due to port congestion, impacting online sales [3] - The company adjusted its strategy by leasing overseas warehouses to mitigate inventory shortages caused by shipping delays [3] Group 2: Order and Inventory Status - The company has completed production scheduling for all annual orders, with about 50% of orders in hand, and 30% of quarterly orders received [3][4] - Domestic pandemic developments have affected inventory levels, particularly due to slow transportation from Shanghai port [4] Group 3: Future Business Outlook - The company anticipates uncertainty in 2022 due to the impact of the Russia-Ukraine conflict and domestic pandemic, with clarity expected by June [4] - The depreciation of the RMB is seen as beneficial for export enterprises, potentially affecting gross margins positively [4] Group 4: Freight Costs and Profitability - In 2021, the total freight cost was approximately 149 million RMB, which impacted the net profit of the company's own brand by around 10% [4] Group 5: Brand Development and Sales Channels - The company's own brand primarily sells in Europe and the US, with sales platforms including Amazon, Alibaba International, and new additions like Walmart and Otto [4] - The time from order placement to shipment has improved from about six months to approximately three to four months [4]
久祺股份(300994) - 久祺股份调研活动信息