Press Release
Resilience and Growth of LESSO Amid Industry Challenges
China, 5th Nov 2024 – Against the backdrop of a weak global economic recovery, sluggish demand in China has posed significant challenges to various industries, particularly the real estate sector and its associated supply chains, which continue to operate at low levels. In such an environment, a company’s resilience and innovation capacity become increasingly crucial. The ability to seek breakthroughs in adversity and identify new growth opportunities amid challenges has become a key measure of a company’s competitiveness.
On August 29, LESSO released its interim report for 2024.
In the first half of the year, the company achieved a revenue of RMB 13.564 billion and a gross profit of RMB 3.728 billion, with a gross margin of 27.5%, remaining relatively stable compared to the same period last year.
Overall, the industry’s downturn continues to have a negative impact on LESSO, in line with market expectations. Notably, through timely price adjustments and cost control, the company has maintained a stable gross margin, reflecting its strong market adaptability and highlighting its leading position and sound business strategy in the industry.
1. Focus on Core Business and Diversification of Pipe Products
An analysis of the company’s business structure reveals that “focusing on core business” has been the foundation of LESSO’s stable growth.
In the first half of the year, the company’s plastic pipe system business generated a revenue of RMB 11.219 billion, accounting for 82.7% of the group’s total revenue, an increase of 2.7 percentage points compared to the same period last year. This was achieved through flexible sales strategies and effective cost controls, including optimized supply chain management, enhanced production automation, and advanced cost accounting systems, all of which helped reduce production costs and improve cost efficiency. As a result, despite weak external demand, the core business has remained stable.
At the same time, leveraging its leading position and refined internal cost control, the company ensured the gross margin of the plastic pipe business remained steady, with a gross margin of 29.5% in the first half, nearly unchanged from 30% in the same period last year.
Looking ahead, as the plastic pipe industry matures, the era of stock competition will inevitably lead to further concentration within the sector.
In this competitive market environment, leading companies like LESSO can capitalize on economies of scale to continuously reduce costs, while small and medium-sized enterprises may struggle to replicate such strategies. As outdated, low-end capacities are gradually phased out, market share will increasingly concentrate in the hands of industry leaders.
Moreover, under the theme of high-quality development, the market is becoming more mature. Poor-quality products will no longer find a foothold, and product quality will become the key to securing orders. Only industry leaders can ensure both quality and cost-effectiveness, allowing them to succeed in fierce market competition.
For industry leaders like LESSO, this presents a promising long-term growth opportunity.
Currently, the real estate sector remains at the bottom of its cycle, and its impact on the plastic pipe industry is unlikely to reverse in the short term.
In response, LESSO has actively pursued horizontal and vertical innovation across multiple fields, diversifying its pipe product offerings and developing new products to reduce its dependence on the real estate market. By tapping into high-potential sectors, such as hydrogen and oil pipelines, the company is expanding its market.
Take hydrogen pipeline as an example, under the guidance of carbon neutrality goals, the demand for renewable energy continues to rise. For hydrogen energy, storage and transportation technologies are key to its large-scale commercialization, driving corresponding market demand. It is estimated that by 2030, China’s hydrogen pipeline network will exceed 5,000 kilometers.
However, hydrogen transportation pipelines face several challenges, especially in material selection. LESSO’s innovative RTP flexible composite hydrogen pipelines meet industry standards, addressing a critical gap in the domestic market.
With its strong technical reserves and industry expertise, LESSO is well-positioned to provide high-quality solutions for hydrogen, oil, and other downstream applications, supporting industry upgrades while unlocking long-term growth potential for itself.
2. Going Global and Seeking New Growth Drivers
In the current global economic landscape, weak domestic demand has become a common challenge for many industries. In this context, companies are increasingly looking overseas for new growth drivers, and LESSO is no exception.
In the first half of the year, LESSO’s overseas market revenue reached RMB 1.323 billion, a year-on-year increase of 15%, raising the share of overseas revenue from 7.5% last year to 9.8% this year. The core plastic pipe business also grew by 3.8% overseas, reaching RMB 522 million.
This demonstrates that LESSO’s overseas expansion strategy has become an important growth driver for the company.
To date, LESSO has established production bases in countries such as Indonesia, Cambodia, Thailand, and Malaysia, achieving localized production and sales.
LESSO has strategically focused on the Southeast Asian market, particularly in developing countries. These nations typically have younger populations and underdeveloped infrastructure, which presents significant potential for the construction and infrastructure industries.
Recognizing this, LESSO has accelerated its overseas market expansion, leveraging its strong technological capabilities and comprehensive product systems.
Unlike typical overseas expansions, LESSO’s strategy involves more than just exporting products; it also includes exporting technology, brand, and management expertise. By leveraging local resources and adopting asset-light and trade models, the company is advancing its localized brand development overseas.
LESSO plans to establish production bases in Tanzania and Vietnam to further expand its overseas market influence. Preparations for these facilities are progressing well, with the Vietnam base expected to be operational by Q4 2024, providing a new growth engine for the company’s global strategy.
Compared to overseas peers, LESSO has a strong product advantage. As one of the most comprehensive manufacturers in China’s pipeline and building materials sectors, LESSO offers over 10,000 high-quality products, widely used in home renovation, civil construction, municipal water supply, drainage, energy management, electricity, telecommunications, gas transmission, firefighting, environmental protection, agriculture, and marine aquaculture.
With a diverse business portfolio, LESSO is well-positioned to capture opportunities across various sectors, enhancing its global market share and overall influence.
The company has established over 30 advanced production bases in 19 Chinese provinces and overseas countries. Its extensive distribution network includes 2,891 exclusive first-tier distributors, ensuring timely and efficient delivery of a wide range of high-quality products and professional services to customers.
LESSO’s localized branding strategy not only boosts its local visibility but also strengthens consumer trust and loyalty.
3. Conclusion
In the short term, the complex external environment will continue to pose challenges to China’s macroeconomic landscape, but the resilience of the economy indicates a long-term upward trajectory. Moreover, future macroeconomic policies will likely further stimulate market vitality and growth, creating a healthy development environment for various industries.
For companies, adapting to industry trends and minimizing the impact of external factors on business development is crucial.
LESSO has set a strong example, leveraging its advanced manufacturing capabilities to drive product innovation and add momentum to its high-quality growth. At the same time, it is capitalizing on the wave of globalization by expanding its localized presence in overseas markets, continuously enhancing its brand influence and expanding revenue sources.
As the global economy gradually recovers and the company’s strategies are further implemented, we have every reason to believe that LESSO will continue to achieve sustainable growth through its robust strength and resilience.
Media Contact
Organization: LESSO
Contact Person: Benjamin Xian
Website: https://en.lesso.com/
Email: Send Email
Country: China
Release Id: 05112419448
The post Resilience and Growth of LESSO Amid Industry Challenges appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Press Release
George Mentz – Leading Economist and Wealth Management Expert Publishes 50+ Economics Research Articles in 2024 While Receiving Awards and International Media Recognition
Colorado Springs, CO – November 12, 2024 – Commissioner George Mentz – a prominent economist and wealth management authority, has been celebrated this year for his substantial contributions to economic commentary and thought leadership in the United States. Comm’r Mentz’s incisive analysis of the nation’s economic landscape, along with his prolific output as an author, has earned him several high-profile thought leader awards while he was featured on major national media outlets, including The Dan Bongino Show, possibly the largest live-cast in America with 300 radio stations nationally, and The Rob Carson National Radio Show, where the teachings of Counselor Mentz on current economic issues have reached millions of viewers.
In 2024 alone, international lawyer and professor George Mentz has published over 50 research articles in major media on economics, tax, geopolitics, philosophy, and wealth management, making him one of the most prolific published thought leaders in the field today with over 100 books and audio books to his credit.. His recent works have focused on dissecting and addressing the economic failures that have impacted the U.S. economy over the past three years, shedding light on issues such as inflation, interest rate policies, energy policy, and financial market volatility. His analysis, hailed for its clarity and depth, is helping individuals and organizations better understand and navigate an uncertain economic environment and create better government policies going forward to protect the middle class and workers.
As an international lawyer and wealth management connoisseur, Counselor George Mentz was recently a keynote speaker in the Asia Economic Forum and Mentz’s publications and commentary have been credited with uncovering critical vulnerabilities in the US and Global economic policies and financial practices which disproportionately affect the middle class, minorities, and working families. His expert perspective on these influential platforms has solidified his standing as a thought leader whose insights are shaping public discourse on financial resilience and economic benefits, worker benefits, and taxation reform.
Professor Mentz is one of the few graduate faculty members in history that has taught over 300 courses in law and business within a 25 year period educating over 20,000+ students worldwide. Mentz teaches for the top US Wealth Management law school program in the USA, and recently taught global strategy to MBA students in Beijing. Commissioner Mentz is also the founder of various economics and finance organizations including the ICES International Council for Economic Strategy which have thousands of members in over 100 nations.
George Mentz, with over 25 years of accredited business school and law school experience, has earned multiple awards for his contributions to education. He continues to mentor graduate students across the U.S. and internationally, reinforcing his reputation as a thought leader in his field. Recently, his academic and professional achievements led him to become the first person in the U.S. to become ranked among the top 50 global influencers in: FinTech, Finance, Management, HR, Project Management, Sustainability, B2B, Social Media, and Wealth Management.
Recently, Professor Mentz was recognized for his charitable work and interfaith harmony and bestowed the noble title of Datuk Seri from the Raj or Sultan of Kampar, a high order of merit for leadership in education akin to a Count title or Baron’s Rank. Further, Mentz, as the titular Seigneur of Fief Blondel in Normandy, has also knighted into the esteemed Order of St. Georg Habsburg-Lorraine by Karl von Habsburg (Erzherzog von Österreich Oberhaupt des Hauses Habsburg).
Comm’r George Mentz has been featured in a variety of prominent newspapers and media outlets, including: The Week, The Wall Street Journal, The Hindu National, Yahoo Finance, Newsmax, The Financial Times Asia, The Arab Times, and El Norte Latin America, for his expertise in finance, wealth management, and international law. Mentz was also the 1st to publish in various peer reviewed journals on the issue of internet recruiting and college enrollment. Additionally, Mentz owns several historic newspapers, including the New York Gazette ® which is the oldest newspaper in New York.
Mentz has consulted with top banks and investment banks and training companies around the world including HSBC, Legg Mason, Informa, Thomson Reuters, and many others.
Being part Sicilian with Egyptian, Hispanic, and Native American ancestry, Mentz enjoys genealogy and has written books on ancient history and religion. Mentz has been the keynote speaker for events in Asia, Africa, India, China, Arabia, and for European companies and has a passion for teaching and giving back to the community.
About George Mentz JD MBA CWM ChE
George Mentz, JD MBA CWM Chartered Wealth Manager ®, ChE Chartered Economist ® , is an internationally recognized economist, lawyer, and CEO of a leading skills certification accreditation body. Dr./Jur. George Mentz is the first in the world to earn a Doctor of Jurisprudence, and MBA, and international law qualification diploma/cert, law licenses, Wall Street Licenses Series 7, 63, 65, and qualified financial planner and ChMC Chartered Management Consultant certifications. Mentz is the 1st CWM Chartered Wealth Manager ® certified trainer license holder while being the founder of the ACCE Association of Certified Chartered Economists in the USA, Africa, and he is the first certified ChE Chartered Economist ® Trainer. A trusted voice in wealth management and economic policy, Mentz has shaped the field with his extensive contributions as a professor, author, and speaker. Mentz has also been recruited to serve on the High Commission for the White House Presidential Scholars, The Civil Service Commission for Peace Officers including Police, SWAT Teams, and Fire, and the Airport Commission which is home to US Peterson Space Force. Mentz donates considerable time as Chancellor and Ambassador for the WAC Worldwide Anglican Church of Africa and the USA which operates in 40 nations. Mentz’s work continues to inspire professionals across industries, making him one of the most influential figures in economics today. Mentz is the pioneer of several economic concepts which have now become prevailing policy issues on both the domestic and national stage such as the: MFRIT Modern Federal Reserve Inflationary Theory which states that artificial inflation is increased by raising debt burdens on the middle class and workers. www.GMentz.com
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Global Academy of Finance and Mangement – ACCE Association of Certified Chartered Economists of USA, EU, Arabia, India and Africa
Company Details
Organization: American Academy
Contact Person Name: George Mentz Esq Atty at Law
Website: https://www.gafm.com
Email: info@gafm.com
Country: United States
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Press Release
Restful Revival Earns Prestigious Title: “Best Natural Stress Relief Supplement of 2024”
Discover why thousands are choosing Restful Revival to find lasting calm, better sleep, and a stress-free life—now awarded for outstanding results.
Restful Revival, the standout stress relief supplement from AdrenalWork, has been honored as “Best Natural Stress Relief Supplement of 2024.” This prestigious recognition highlights its unmatched effectiveness and dedication to transforming lives naturally. If stress and anxiety are taking a toll on your well-being, Restful Revival offers the relief you’ve been waiting for.
Unlike conventional supplements, Restful Revival combines science-backed, natural ingredients to deliver long-lasting calm, better energy, and mental clarity—without harmful chemicals or synthetic fillers.
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About AdrenalWork
AdrenalWork is dedicated to empowering people to live healthier, more balanced lives through natural wellness products. We’re committed to transparency, premium quality, and the success of our customers. With Restful Revival and our suite of holistic health solutions, we continue to set new standards in natural health and well-being.
Company Details
Organization: AdrenalWork
Contact Person Name: Tyler Bancroft
Website: https://adrenalwork.com
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Country: United States
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Introducing PIDOG, the meme coin that’s taking the crypto world by storm, combining the playful essence of meme culture with the robust Pi Network blockchain. As the first meme coin on Pi Network, PIDOG is more than just about having fun—it’s about elevating the entire ecosystem and pushing its value to new heights.
Official Website: pidog.meme
Recently, PIDOG’s popularity has surged, surpassing 5,000 holders and creating a buzz across the community. This milestone reflects growing interest and highlights PIDOG’s potential to capture even more attention in the months to come.
What sets PIDOG apart? It’s all about community power. The charm of memes lies in their ability to go viral, and PIDOG taps into that potential to draw more users into the Pi Network. As more people embrace the PIDOG movement, its potential value grows—creating a unique synergy where the success of PIDOG fuels the growth of the entire Pi Network.
This community-driven approach has helped PIDOG evolve beyond being just a meme coin. It’s positioning itself as a key player capable of amplifying Pi Network’s visibility in an increasingly competitive crypto market. Many believe that as the PIDOG community keeps expanding, a price surge is inevitable, reflecting its growing value and impact.
With momentum building, the future looks bright for PIDOG. It’s not just about fun—it’s a chance for real influence, demonstrating how a dedicated community can make waves in the fast-paced world of cryptocurrency.
Disclaimer: PIDOG is a meme coin with no intrinsic value. Investment decisions are solely at the risk of individuals, and participants should be mindful of the volatility and risk associated with meme coins. PIDOG can also be enjoyed as a collectible or souvenir for community fun.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
George Mentz – Leading Economist and Wealth Management Expert Publishes 50+ Economics Research Articles in 2024 While Receiving Awards and International Media Recognition
Restful Revival Earns Prestigious Title: “Best Natural Stress Relief Supplement of 2024”
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