Quan Jing Wang·2025-05-21 01:14Core Viewpoint - The company is actively engaging with investors and addressing concerns regarding stock performance, GDR issuance, and competition in the energy storage market. Group 1: Investor Concerns - Investors expressed dissatisfaction with the company's stock performance, particularly after the announcement of GDR issuance, which they believe has negatively impacted share value [2][3][4] - The company has been criticized for not taking sufficient measures to stabilize stock prices and for perceived insider selling by major shareholders [2][3] - The company has increased its dividend payout ratio to 20% for 2024, aiming to enhance shareholder returns [3][8] Group 2: Market Competition - The company faces significant competition from major players like Ningde Times and BYD, which are entering the energy storage market with competitive pricing [10][12][15] - The company emphasizes its core capabilities in power electronics, electrochemistry, and grid support technology to maintain competitiveness [10][12][15] - The company is committed to continuous innovation and enhancing product performance to counteract competitive pressures [10][12][15] Group 3: GDR Issuance and International Expansion - The company is actively progressing with its GDR issuance plans and aims to expand its international presence [4][19] - The company has a strong focus on increasing its overseas orders and maintaining a robust order backlog [19][20] - The company is optimistic about future growth opportunities in the renewable energy sector, driven by global trends towards carbon neutrality [13][19] Group 4: Financial Management - The company reported a significant increase in accounts receivable, amounting to 25.9 billion, and cash reserves of 25.4 billion, indicating a strong liquidity position [20][21] - The company has been actively managing its inventory and accounts receivable to mitigate risks associated with high levels of these assets [21][22] - The company has conducted stock buybacks for four consecutive years, totaling approximately 300 million, to support its stock price [19][22]