Group 1: Product Overview - The company primarily focuses on new energy garden machinery, including a full range of lithium-powered products such as lawn mowers, trimmers, blowers, pruning saws, chainsaws, smart lawn mowing robots, and riding lawn mowers, categorized by voltage levels: 24V, 40V, 60V, 80V, and 82V [1] - The 82V products are classified as commercial products, while the other voltage levels are for household use [1] Group 2: Market Demand and Sales - In 2023, the demand for durable consumer goods in the U.S. was affected by high inflation, leading to a decline in sales of lithium garden tools compared to previous years; however, orders from retail channels began to increase in Q4 2023, indicating a potential recovery in inventory levels [1] - The commercial product market is primarily targeted at landscaping companies in North America, where the lithium battery replacement rate is currently below 5%, presenting significant growth opportunities [1] Group 3: Future Outlook - The company anticipates that if U.S. inflation decreases in 2024, retail demand is likely to strengthen, benefiting from lower shipping and raw material costs, which would enhance the gross margin due to an increased proportion of new product sales [2]
格力博(301260) - 2024年1月2日投资者关系活动记录表