MAINLAND HOLD expects a 30% increase in order volume this year, with the Cambodia factory set to start production in June next year

Feida Holdings (01100.HK) Vice Chairman and Managing Director Yan Baoling stated that the company's latest factory in Cambodia is expected to be completed in April next year and to commence production in June; the initial capital expenditure for the factory is approximately 100 million yuan, including land purchase and infrastructure. She also anticipates that the group's order volume will grow by 30% year-on-year for the entire year, as major clients complete acquisitions and production demand increases.

Yan Baoling pointed out that the company has completed the layout of diversified production sites, with factories located in Shenzhen, Mexico, Cambodia, and Bangladesh, which can meet the needs of customers in different locations and reduce geopolitical risks. Executive Director and Director of Business Continuous Improvement Yan Zhaozhen added that the orders received by each factory are different; for example, the Mexico factory can produce higher-end products and has quick shipping, so the orders received by each factory do not overlap.

Yan Zhaozhen also mentioned that the company is in talks with a U.S. courier company to cooperate, allowing goods to be sent directly from the company's factories to the customer's required destination without going through the customer's own warehouse, which better meets the flexible needs of customers.

Executive Director and Chief Financial Officer Li Wenxing indicated that the current level of automation in the company's factories is about 20%, and some processes still require manual completion. With ongoing operations, newer factories like the one in Mexico have seen employees complete their adjustment and adapt to the company culture, further improving production efficiency