- Apr 23, 2018 -
The views of various exhibitors are also different. The company expects sales to shrink sharply in 2009.
The situation in 2008 was not bad; however, as customers managed to deal with the backlog of inventory,
the number of orders scheduled for delivery in 2009 had been reduced by 1/3. Some exhibitors are considering
reducing their profitability or profitability to maintain the operation of the plant and adopt other cost reduction
measures. Nevertheless, the company still attaches great importance to product development. At the exhibition,
an environmentally friendly toy model was displayed. The machine was made of biodegradable polylactic acid
plastic. At the exhibition, such toys that teach children to recognize color names are popular with people, but
using “green” plastics makes them sell for 50% more than regular toys,so buyers are afraid to pay attention. “
When customers hear the price, they all say ‘this is a good idea, but it’s not the right time to buy.’
Other environmentally friendly products have also been welcomed by customers, such as the use of soy inks and simpler corrugated cardboard toy musical instrument product lines, which have been redesigned to make toy ABS plastic parts easier to reproduce. In general, toy companies with relatively large and mature titles in mainland China and Hong Kong are in better operating conditions. This is a manifestation of the Chinese government's policy of encouraging industry consolidation. To date, they hope to see smaller, less-technical companies withdraw from the market, especially in Guangdong Province in South China. Guangdong Qunxing Toy Industry Co., Ltd., which produces various types of plastic toys, said that its sales in 2008 have been growing steadily, and it is now maintaining this level of growth. It is just as important to open up the export market and provide internal product design and other services by starting its own product brand in the Chinese market. She said that although profit margins are shrinking, the company has developed inexpensive new educational toys, such as children's language learning tools that resemble laptops.