华瓷股份多项业务情况披露：境外收入可持续性与募投项目解析

Core Viewpoint - Huaci Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its application for a specific stock issuance, detailing its business operations, related transactions, and fundraising projects, showcasing the company's business layout and development trends [1] Group 1: Business Operations - Huaci's export revenue accounted for 67.20%, 62.84%, 71.06%, and 65.27% over the reporting periods, with major clients including IKEA, Guizhou Moutai, and Wuliangye, indicating a stable customer structure [2] - The global ceramics market is on an upward trend, with China being the largest producer, exporter, and consumer of ceramic products, particularly in daily-use ceramics, where Huaci holds significant advantages [2] - The company has a high customer concentration but maintains stable cooperation with major clients, aligning with industry norms, and does not face significant dependency or substitution risks [2] Group 2: Related Transactions - Huaci has frequent related transactions with major parties such as Huacai Packaging and Yucha Ceramics, which are necessary for production and have been verified for fair pricing [3] - The pricing mechanism for related transactions is reasonable, and comparisons with non-related party transactions confirm their fairness [3] - Overall, related transactions have a minimal impact on the company's operating performance and do not constitute unfair transactions [3] Group 3: Fundraising Projects - The total investment for the fundraising project is approximately 1.44 billion yuan, with 700 million yuan raised for the ASEAN Ceramic Valley project in Vietnam, which aims to produce color-glazed ceramics with an additional annual capacity of 16.53 million pieces [4] - The project targets both existing and new overseas customers, with a favorable market environment and strong product competitiveness, ensuring high sales certainty and reasonable capacity planning [4] - The project is expected to generate annual revenue of 1.41 billion yuan and a net profit of 271.92 million yuan after reaching full capacity, with an internal rate of return of 14.25%, indicating cautious and reasonable benefit assessments [4]