Grubbo (301260) said on the interactive platform that after experiencing downstream retailers removing inventory in 2023, the demand for retailers to actively replenish stocks in 2024 is beginning to gradually emerge. Taking Amazon as an example, the amount of money Amazon sells the company's products to end customers fell by less than 10% in 2023, but the company's sales to Amazon fell by more than 50%. As Amazon's intention to reduce inventory and the company's purchasing intentions began to pick up in 2024, the increase is expected to reach about 80%. Furthermore, as downstream retailers remove inventory and complete ODM sales, sales will also pick up, which will drive the company's revenue level in this business to rise. The company's main customers, TORO, ECHO, etc. all issued order demand to the company. Affected by this, the company's performance in the first quarter of 2024 showed a recovery, and ODM business revenue for the whole year is also expected to pick up.

Grubbo (301260) said on the interactive platform that after experiencing downstream retailers removing inventory in 2023, the demand for retailers to actively replenish stocks in 2024 is beginning to gradually emerge. Taking Amazon as an example, the amount of money Amazon sells the company's products to end customers fell by less than 10% in 2023, but the company's sales to Amazon fell by more than 50%. As Amazon's intention to reduce inventory and the company's purchasing intentions began to pick up in 2024, the increase is expected to reach about 80%. Furthermore, as downstream retailers remove inventory and complete ODM sales, sales will also pick up, which will drive the company's revenue level in this business to rise. The company's main customers, TORO, ECHO, etc. all issued order demand to the company. Affected by this, the company's performance in the first quarter of 2024 showed a recovery, and ODM business revenue for the whole year is also expected to pick up.