Xiaosong Co., Ltd.: The Company’s Main Business Covers Home Appliances, E-cigarettes And Engineering Construction

Xiaosong Co., Ltd.: The company's main business covers home appliances, e-cigarettes and engineering construction

Xiaosong Co., Ltd. said that the company's main business covers home appliances, e-cigarettes and engineering construction. Each business segment has different subsidiary entities and different business positioning. Subsidiaries such as Jiangxi Jinlaite and Jiangxi Xiaosong all belong to the company's home appliance business segment. The operating income of the home appliance business in 2023 will reach 915 million yuan, a year-on-year increase of 32.38%.

Recently, an investor asked Xiaosong Co., Ltd. (002723.SZ) on the investor interactive platform: The recent guarantee announcement showed that the Jiangxi branch was in a loss state, and the financial report also showed that some branches were in a loss state. Is this a management decision-making error or a market factor? Influence? What subsequent measures will management take to improve operating losses?

In response, Xiaosong Co., Ltd. responded that the company's main business covers home appliances, e-cigarettes and engineering construction. Each business segment has different subsidiary entities and different business positioning. Subsidiaries such as Jiangxi Jinlaite and Jiangxi Xiaosong all belong to the company's home appliance business segment. The operating income of the home appliance business in 2023 will reach 915 million yuan, a year-on-year increase of 32.38%. The company is continuing to use the development idea of ​​"new products, new technologies, and new solutions" to promote the upgrading of traditional home appliances to the direction of "high customer unit price, high added value" appliances, and continuously enrich the product diversification matrix to enhance profitability.