昨天看到一个代工卫浴产品的企业，一季度业绩很好。我就在思考，为什么代工企业业绩这么好？
有哪些原因？
有没有可能国外卫浴龙头因为人力成本增高，加大了外包力度，就是外包更多的订单给中国代工厂？
我看了下TOTO的2023年报，清清白白写着自己要扩产。自有工厂是toto的核心竞争力。
譬如这段话写了，陶瓷从shaping到firing阶段的形状和收缩控制，是马桶产品最关键的地方。TOTO自己都会控制这些关键节点。
The difficulty of sanitary ware manufacturing is controlling the shape and
shrinkage when firing the clay-like material. We are engaging in manufacturing that is controlled down to the millimeter from the shaping stage to the
firing stage so that we can achieve the quality and uniformity adopted in our
Company Mottos.
TOTO也写了一些扩产的信息。越南新工厂2024年投产。
we will promote the balance between enhancing productivity and being environmentally conscious, such as at the Vietnam No. 4 Plant (sanitary ware manufacturing), which began full operations in July 2022, and at the ecofriendly Vietnam New Plant (faucet manufacturing), which is scheduled to come into operation in fiscal 2024. We will continue to reinforce our production structure as a supply base that anticipates future growth in global demand.
2030年战略计划要投资至少两个新工厂。
TOTO plans to make investments totaling ¥170.0 billion over the three years of WILL2030 STAGE1. As a major capital investment in the International Housing Equipment Business, we are planning to increase investments in projects, including a sanitary ware plant and a faucet plant, as an aim for creating an optimal supply structure.