Longquan Pipe Industry(SZ:002671) Xin Lang Cai Jing·2025-05-15 10:54Core Viewpoint - The company held an online investor meeting on May 15, 2025, to discuss its business performance and future plans, addressing key investor questions regarding profitability and development strategies [1]. Group 1: Business Performance - The company reported that the Nantong power station valve was profitable in Q1 2025, but its contribution to the listed company's profits was limited due to factors like shareholding ratio and consolidation timing [1]. - The company experienced a loss in Q1 2025, primarily due to the traditional off-season for the PCCP industry, with some northern bases not producing, leading to fluctuations in overall gross margin influenced by project quality and product structure [2]. Group 2: Business Development - The company is focusing on pipeline and valve businesses, planning to manage the newly entered valve business by following the principles of "integration, potential digging, and development" [2]. - The company is actively expanding the downstream applications of PCCP materials in nuclear power projects, although there are currently no application cases in the nuclear power sector [2]. Group 3: Financial and Corporate Governance - The company stated that it does not meet the conditions for cash dividends due to negative retained earnings for the 2024 consolidated financial statements, and it aims to improve profitability to qualify for future dividends [2]. - The executive compensation is determined by considering operational performance, job value, individual qualifications, and market salary levels, with the compensation plan approved by the board and shareholders [2]. Group 4: Capital Raising - The company is in the process of a simplified procedure for issuing shares to specific investors, but the final decision to proceed will depend on market conditions, indicating uncertainty [3].