Feida (01100.HK) Vice Chairman and Managing Director Ngan Baozuo revealed that the training of employees at the Mexican plant is more time-consuming than expected and is currently in the grinding phase, with a monthly production capacity of only tens of thousands of units, a larger gap from the original target of 1 million pieces. The target is now adjusted to increase the monthly production capacity to about 0.4 million by the end of this year 0.5 million units, the plant is expected to be delayed until the second half of next year to make a loss.

She said the group's Bangladesh plant was not affected by local unrest, with only about 2 million shipments delayed by days in July, but due to geopolitical risks, it is currently looking at adding about 1,000 employees around Bangladesh to produce only if the event is expected to produce annually. Up to 15 million to 18 million pieces.

In the first half of the year, manufacturing revenue fell 5% YoY. She explained that mainly due to weak retail consumer confidence in the European and US markets, the main customers are still digesting inventory. Customers are still expected to take about a year to digest their inventory, while the raw material inventory has risen to about $0.14 billion, and manufacturing revenue declined year-on-year. 5%, she explained, mainly due to weak retail consumer confidence in the European and US markets, the main customers are still digesting inventory, thus adopting a more flexible delivery model to deal with customers' more urgent orders.

She stressed that the focus this year was on expansion and consolidation of the business. She believes that the worst is over. Given that the operating situation in the second half of the year is generally better than in the first half, she believes that the outlook for the second half and next year will improve.