宏川智慧2025年第三季度报告网上说明会问答实录

Core Viewpoint - The company is focusing on enhancing its operational strategies and exploring new business opportunities to counteract the challenges faced in its core warehousing business due to macroeconomic factors. Group 1: Business Strategy and Development - The company is expanding into emerging services such as smart customer service and logistics chain management, although these currently account for less than 3% of revenue [1] - Future strategic direction includes transitioning from traditional energy and chemical services to renewable energy and green chemical services [1] - The company aims to leverage its extensive national warehousing network and flexible operational strategies to ensure steady business growth despite market fluctuations [1] Group 2: Financial Performance and Shareholder Concerns - The company acknowledges recent performance declines due to macroeconomic impacts and industry demand fluctuations, leading to a cautious approach in future acquisitions and business expansions [2] - There is a commitment to consider cash dividend policies that balance performance growth with investor returns, while maintaining a stable cash flow [2] - The company is aware of shareholder concerns regarding stock price declines and is focused on improving operational efficiency and service offerings to enhance competitiveness [2] Group 3: Market Position and Competition - The company does not see competition with national strategic oil reserve bases, as it primarily serves domestic and international petrochemical producers and traders [2] - The decline in gross margin is attributed to reduced industry demand and high fixed costs, rather than direct price competition within the sector [2] - The company has obtained designated delivery warehouse qualifications for several chemical products, which is expected to enhance customer trust and improve overall profitability [2]