Der(002631)2022-12-06 02:50Group 1: Business Performance - The company's custom wardrobe business accounts for 35.67% of total revenue, second only to the flooring business [2] - In Q1 2017, the company's revenue increased by 36.91% year-on-year, attributed to new business and subsidiaries [5] - The subsidiary Baidesheng's revenue grew by 105% year-on-year in Q1 2017 [5] Group 2: Investment and Expansion Plans - The company plans to invest 500 million CNY in the southwest region, divided into two phases: 250 million CNY for 80,000 custom smart cabinets in phase one and another 250 million CNY for 100,000 cabinets in phase two [3] - The company is in the process of acquiring 85.38% equity in Henan Yiteng New Energy Technology Co., Ltd. through a combination of issuing shares and cash [5][6] Group 3: Production and Efficiency - The current board material utilization rate for custom wardrobes is around 90%, with efforts to reduce waste and production costs [3] - The production cycle for standard custom wardrobes is 5-8 days, while improvements have reduced the cycle for solid wood wardrobes from 50 days to 25 days, with a future target of 8-10 days [4] Group 4: Market Presence and Future Strategy - Baidesheng currently has over 700 specialty stores, with an expected increase to 1,000-1,200 by the end of 2017 [4] - The company aims to enhance its presence in first and second-tier cities to cater to a growing high-end consumer base [5] Group 5: Innovations and Product Development - The company is a leader in the graphene preparation field and has developed several graphene application products, including a well-received graphene air purifier [6]