|Name of the participating unit
Guojin Securities, East Asia Qianhai Securities, Northeast Securities, Caitong Securities, CICC, Kaiyuan Securities, Guosen Securities, Industrial Securities, Minsheng Securities, Changjiang Securities, Western Securities, Deppon Securities, Huaan Securities, Tianfeng Securities, Shenwan Hongyuan Securities, Orient Securities, CITIC Securities, China Universal Fund, Cathay Fund, Shanda Investment, Xiaoyang Capital, Hengyue Fund, Tongchuang Jiaye, Xuanyuan Investment, Jingtai Lifeng, Yimi Fund, China Merchants Fund, Mingyu Asset, Heqi Investment, Zezheng Private Equity, Invesco Great Wall Fund, Shaoxia Capital, Zhongke Wotu Fund, Qingli Investment, Haitong Self-operated, Comand, Xiaoyang Investment, Huarong Fund, Yangzheng Fund, Taiping Pension, Anxin Fund, Duoxin Five Places Fund, Hongding Wealth, Huabao Trust, Western
Lide, Tianzhu Capital, Yinlu Investment, Sunshine Asset, Guolianan Fund.
|Introduction to the main contents of investor relations activities
First, the company's leaders briefly introduced the company's first quarter results
2. Questions raised by investors and responses from companies
The company responded to questions raised by investors during the briefing:
1. Please introduce the company's performance in the first quarter of this year in detail.
Hello! The company is progressing normally in accordance with the overall goals for the whole year, but it has also encountered problems such as macroeconomic downturn and raw material tension. The company's revenue in the first quarter was 340 million yuan and the net profit was 5.14 million, and the overall development remained stable and healthy. Among them, the non-net profit was 4.74 million, up 40.25% year-on-year, up 164.88% from the fourth quarter of 2022, and gross profit increased by about 13 million yuan month-on-month. Thank you!
2. Have the raw materials of the company's LCP solved the neck problem?
Hello! With the commissioning and gradual release of new BP production capacity of domestic manufacturers, the continuous expansion of overseas supply chains and the easing of supply restrictions, the sales volume of the company's LCP products is expected to resume growth, and the raw material supply problem of LCP products will also be effectively solved. Up to now, the company's LCP raw material supply has basically recovered to meet the company's use needs. Thank you!
3. What is the current production capacity and downstream certification of the company's PPA materials?
Hello! At present, the company has a production capacity of 5,000 tons/year of PPA materials, and obtained the construction permit for the second phase of the "5,000 tons/year high-performance polyamide (PPA) resin and composite materials" project in November 2022. The company fully grasps the changing pattern of global suppliers, continuously improves its own material technology with global standards, and realizes mass export of PPA pure resin. The company's PPA has completed testing and certification for several customers in thermal management and three electric products for new energy vehicles. The company has become a supplier to the world's leading customers in the field of UAVs. In the field of smart wear, it has obtained the designated certification of smart watches from a first-class supplier of a domestic head communication customer. At the same time, it has realized the application of on-board electrical components, and has been recognized and used by leading new energy vehicle companies. Thank you!
4. Please introduce the company's vigorous development of special polymer materials business, what are the future plans?
Hello! The company's overall revenue has remained basically stable in recent years, and the proportion of special materials business in the company's revenue has increased from 21.95% in the 2021 half-year report to 39.92% in the 2022 annual report, and will have a positive impact on improving the company's profitability. The company has always firmly followed the platform strategy of special polymer materials, improved the company's platform strategic layout in the special polymer materials industry, and is committed to becoming a "world-class material solution provider". Thank you!
5. Please introduce the company's fixed increase time plan and specific situation.
Hello! Last year, the company released a plan to issue A shares to specific objects in 2022, with a total amount of funds to be raised of no more than 119,583.62 million yuan (including the principal amount), and will add 20,000 tons/year of LCP composite material production capacity, 20,000 tons/year of PPS composite material production capacity, 5,000 tons/year of PPA resin and composite material production capacity, and a total of 45,000 tons/year of special polymer material production capacity. The company's construction project with an annual output of 45,000 tons of special polymer materials will achieve product synergy with the company's existing high-performance functional polymer material system, enhance the company's market competitiveness in the field of special polymer materials, and help the company develop high-quality in the field of new materials.
The company submitted its registration to the CSRC in early April this year for the issuance of shares to specific targets, and there is still uncertainty about whether it can finally obtain the CSRC's approval to register and when. The company will fulfill its information disclosure obligations in a timely manner according to the progress and in strict accordance with the provisions and requirements of the relevant laws and regulations on the issuance of shares by listed companies to specific objects, please pay attention to the company's subsequent announcements. Thank you!
6. Please introduce the basic situation of the company's acquisition of Huarka last year and future arrangements.
Hello! In 2022, the company acquired a 51% stake in Shanghai Huarka held by Huarka Co., Ltd. with its own funds of 68 million yuan. Huarka Co., Ltd. (Tokyo Stock Exchange PrimeMarket stock code: 7995) is a leading global component company for semiconductor equipment. Founded in January 1927 and headquartered in Tokyo, Japan, it designs, manufactures, processes, and sells a wide range of materials such as fluorine materials and high-performance rubber for industries such as semiconductors, automobiles, industrial machinery, chemical machinery, communication equipment, and aerospace. Shanghai Huarka is the world's only self-owned manufacturing base of Huarka Co., Ltd. in the field of fluororesin materials, and related material products have been recognized and used by well-known semiconductor and UHV industry customers in Chinese mainland, Taiwan, Japan, Europe and other countries and regions. With the help of domestic fluorine material resource advantages and existing business synergy, the company provides customers with more complete high-end fluorine material supply chain independent and controllable services.
The company will maintain close and in-depth cooperation with Huarka Co., Ltd. and fulfill information disclosure obligations in accordance with relevant regulations. Thank you!
7. Please introduce the company's layout in synthetic biology.
Hello! In order to implement the national innovation-driven strategy, make full use of the talent resources and advanced scientific and technological achievements of scientific research institutions, and cooperate with the production conditions and market operation advantages of enterprises to jointly promote the transformation of scientific research achievements. In 2022, the company and the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences established the Joint Innovation Center for the Application of Synthetic Biochemistry, which is the only joint innovation center named "Synthetic Biochemistry Application" established by the Shenzhen Advanced Institute. The joint innovation center will mainly focus on bio-based polymer materials, animal and plant nutrition, etc., and carry out extensive cooperation in cutting-edge technology research, new product development, technology platform establishment and talent training. The specific progress can be paid attention to the company's subsequent announcements. Thank you!