CCD(002811)2024-12-24 10:19Group 1: Company Overview - Shenzhen Zhengzhong Design Co., Ltd. has launched the "YOU YOUNG" series of artistic toys, inspired by ancient mythology from "Shan Hai Jing" [3] - The company has introduced over 20 different artistic toy products across four major themes, with ongoing exhibitions in various high-profile locations [3] Group 2: Financial Performance - In the first three quarters of 2024, the company signed new design orders amounting to 867 million CNY, alongside soft decoration orders of 313 million CNY, marking a 26.07% increase from the previous year's 936 million CNY [16] - As of the third quarter of 2024, the total amount of outstanding orders reached 3.424 billion CNY, indicating a solid profit foundation for the future [16] Group 3: Business Segmentation - The revenue distribution of the company's design business in 2023 shows that hotel projects accounted for approximately 35%-40%, residential projects for 30%-35%, commercial office projects for 20%-25%, and other projects for 5%-10% [9] - The contract cycle for design projects typically ranges from 1 to 3 years, with hotel projects having a repayment period of about 2 to 3 years, while commercial and residential projects have a repayment period of around 1 year [11] Group 4: Talent and Technology Development - The number of designers in the company has exceeded 1,000, with a focus on quality and talent development [11] - The company is enhancing its management efficiency through the "IDEAFUSION" digital platform, which provides a one-stop digital service for interior designers and is open to global suppliers [11] Group 5: International Expansion - The company established wholly-owned subsidiaries in Singapore and Japan in 2024 to enhance international cooperation and integrate global talent and resources [16] - The international subsidiaries have begun operations and are actively engaging with clients in Singapore, Japan, and Macau [16]