Group 1: Market Performance - In Q4 2024, the company continued the growth trend from the first three quarters, with a significant increase in orders for pet hygiene products [2] - Pet pads saw a year-on-year growth rate of 35.6%, pet diapers increased by 24%, and non-woven fabric products grew by 35.74% in the first three quarters of 2024 [2] Group 2: Market Position and Competitive Advantage - The company accounted for over 35% of the domestic customs export value for similar products as of Q3 2024, indicating a strong market position [3] - Key competitive advantages include stable customer resources, large-scale production capacity, excellent product R&D capabilities, high-quality product assurance, and refined management [3] Group 3: Product Development and Innovation - The company has developed over a thousand specialized pet hygiene products with unique functionalities, such as anti-bite, odor elimination, and moisture display [4] - Continuous collaboration with downstream customers and market research helps the company adapt to evolving pet care needs [4] Group 4: Response to Market Challenges - The company is well-prepared for potential tariff increases, leveraging its production scale and R&D capabilities to maintain competitiveness [4] - The export model is based on FOB, allowing the company to pass on additional tariffs to consumers if necessary [4]
依依股份(001206) - 001206依依股份投资者关系管理信息20250102