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GDT – Domestic dominance + growing exports – Small Cap Research

Leader in domestic market for kitchenware and among the top three wooden toy producers with a nationwide distribution network. In 2014, kitchenware, furniture and toys accounted for 65%, 17% and 15% of revenue, respectively. Beneficiary of growing domestic consumer concerns over the safety of Chinese-made plastic toys. Exports comprised 79% of revenue and grew 10% in 2014. This growth is expected to accelerate with entry into new markets and expanded capacity.