Bosiden can continue to grow steadily in the fierce competition in the clothing industry, the most fundamental is that we always grow together with the consumers of the times and create value for customers. Brand management is the feeling of consumers. The brand should not only have a profound historical background, but also need to focus on consumers. With the development of society and the change of consumer values, the brand should constantly iterate, innovate and change, and keep pace with the times to give new vitality to the brand. Over the past few years, we have returned to our original entrepreneurial spirit, stood at a high place, led by brands, positioned our brands with a global perspective, and reshaped our brand power, product power, and retail power.
In terms of brand, first of all, we will continue to build brand potential by participating in New York Fashion Week, Milan Fashion Week, London Fashion Week, China Brand Day and other national brand activities; Second, based on brand genes and consumer insights, we constantly innovate the way of dialogue with consumers of the times, strengthen the link with consumers, and win the recognition and favor of mainstream consumers of the times.
In terms of products, we focus on the two dimensions of "fashion innovation" and "functional innovation", benchmark with international first-line brands, integrate global innovation resources, extend consumption scenarios, broaden category boundaries, and create products and services with a higher sense of value and experience. For example, in terms of fashion innovation, we have co branded series with internationally renowned designers and artists to lead the fashion trend of young people. We pioneered windbreaker down jacket and a new generation of lightweight down jacket, breaking the boundaries of traditional down jacket categories and opening up a new category space for the entire industry. In terms of functional innovation, we have built a functional system of "technology, warmth, protection, and environmental protection", and developed new categories such as climbing series, high-end outdoor, skiing, and extreme cold. We also launched the "high goose down three in one rush jacket down jacket", which is windproof and waterproof while maintaining comfort and breathability. One coat three suits different climatic conditions, meeting consumers' needs for more outdoor scenes. Therefore, I believe that only with innovative product power can we have strong brand power. In the future, we will also continue to explore and innovate in the innovation of down jacket categories, and explore the space for market increment through category innovation. At the same time, it will increase the investment of special funds in scientific and technological innovation and research and development, build core competence with scientific and technological innovation, and create new demand with high-quality supply.
The third is the upgrading of retail. We have put forward the goal of "improving the efficiency of single store operation" with consumers as the center, breaking the traditional online and offline boundaries of retail, upgrading the ability of global retail, and driving the compound growth of performance. In terms of offline channels, we comprehensively optimized the channel quality, channel structure, channel layout, accelerated the iteration of terminal store image, and moved to the mainstream channel of the times. In terms of online retail, we have vigorously consolidated e-commerce platforms such as Tmall, JD, Vipshop, and social media such as Tiaoyin and Xiaohongshu, established closer ties with young people, enhanced the brand's youth and vitality, and increased the proportion of online sales. We are also actively exploring a new retail operation mode across the region, breaking the platform thinking, turning to brand thinking and user thinking, using digital technology to open up the "people, goods, and markets" of retail across the region, and "commodity integration, member integration" online and offline, to achieve a breakthrough in omni channel retail.
In terms of digitalization, over the past few years, we have promoted digital change from the perspective of strategic long-term development. Focusing on consumer demand, we have integrated big data into key links such as enterprise design and research, procurement and manufacturing, warehousing and logistics, retail operations, and user services, so that our enterprise's operational efficiency, decision-making accuracy, collaboration efficiency, and talent efficiency have been greatly improved. Now we are promoting the application of digital landing to the whole process of enterprise operation and management. We believe that in the future driven by big data, artificial intelligence and algorithms, the importance of digital value is self-evident. Our digitalization will be a continuous and iterative process. Through the integration of digital technology and business, we will truly enable enterprises to achieve higher quality operations. In addition, more importantly, the integration of digital technology and the industry is deepening, which is promoting the improvement of quality and efficiency of the textile industry chain and supply chain, bringing about the renewal of business types and value extension. We will give full play to our role as "chain owner" enterprises, drive and support small and medium-sized enterprises in the upstream and downstream of the industrial chain to accelerate digital transformation, help promote the upgrading of the industrial chain, high-end extension of the value chain, and help build a modern industrial system.