奥瑞德: 中审亚太会计师事务所关于公司2024年年度报告的信息披露监管工作函回复

Core Viewpoint - The company has reported a significant increase in revenue from sapphire rod products while experiencing a decline in sapphire wafer revenue, attributed to changes in customer demand and product specifications [4]. Group 1: Customer and Supplier Information - The top five customers for the sapphire manufacturing business have been identified, with details on their regions, revenue recognition, and whether they are new customers [1]. - The top five suppliers for the sapphire business have also been disclosed, including their regions and procurement amounts [3]. Group 2: Revenue Trends - Sapphire rod product revenue is projected to grow by 33.22% year-on-year, while sapphire wafer revenue is expected to decrease by 6.21% [4]. - The increase in sapphire rod revenue is primarily due to a 34% increase in purchases from the second-largest customer, while the decrease in wafer revenue is linked to reduced purchases of different specifications by the same customer [4]. Group 3: Cost Structure Analysis - Direct material costs decreased by 25.47% due to the utilization of long-inventory stock for production, while direct labor costs increased by 10.15% due to higher production volumes [4]. - The overall manufacturing costs for 2024 are projected to be 21,180.34 million, down 20.31% from 26,579.20 million in 2023 [4]. Group 4: Product Pricing and Profitability - The sales price and gross margin changes for sapphire rods and wafers have been analyzed, indicating significant fluctuations in gross margins due to market demand and cost variations [5]. - The average sales price and gross margin for other sapphire products remain incomparable due to their diverse specifications and low sales volume [5]. Group 5: Financial Reporting and Liabilities - The company has reported a decrease in expected liabilities due to the reversal of provisions related to guarantees provided, amounting to a reduction of 1,851.08 million [9]. - The company continues to bear guarantee responsibilities for debts not fully settled, with the value of collateral assets being less than the outstanding debts [9].