• time;2024-05-30 11:43:31

Recently, Greebo (Jiangsu) Co., Ltd. (hereinafter referred to as "Greebo" or "the Company") held a performance briefing, providing detailed answers to investors' concerns about the company's performance and future development strategies.

Since 2024, Greebo has actively taken a series of cost reduction and efficiency improvement measures and achieved significant results. According to the financial report, in the first quarter of this year, Greebo's operating revenue reached 1.636 billion yuan, a year-on-year increase of 5.45%, and its net profit increased to 130 million yuan, with a year-on-year growth rate of 48.46%.

While developing its own brand business, Greebo has also attracted some well-known enterprises in the OPE industry, such as STIHL, TORO, ECHO, etc., to cooperate with the company. Customer brand revenue also constitutes an important part of the company's business. In addition, the commercial zero turn lawn mower OptimusZ launched by Greebo has been favored by STIHL, and the company has reached a cooperation with them to produce such products under their own brand. With the increase in delivery quantity in 2024, it will also help the company's revenue increase that year.

Regarding the overseas layout, Chen Yin, Chairman of Greebo, also revealed that Greebo is actively exploring international markets. The first phase of the factory building in the new base in Vietnam has been completed, and the equipment installation and commissioning are underway. It will be officially put into operation within the year. In addition, the company has effectively addressed the impact of recent fluctuations in shipping costs on its operating costs by signing long-term contracts with shipping companies and other means.

For the future, Chen Yin stated that Greebo will continue to increase research and development investment and launch more competitive new energy garden machinery products. At the same time, the company will further expand sales channels and enhance brand influence to achieve sustained growth in performance.

Overall, Greebo's profound expertise and strong research and development capabilities in the field of new energy landscaping machinery have laid a solid foundation for the company's future development. With the gradual implementation of various strategic measures by the company, Greebo is expected to achieve stronger performance growth in the future.

Disclaimer: The above content is sourced from the internet and the copyright belongs to the original author. If there are any copyright issues with the work, please let us know and we will handle them promptly!