Xin Lang Zheng Quan·2026-01-21 08:29Core Viewpoint - The company, Siyuan Electric Co., Ltd., held a targeted investor research activity on January 19, 2026, to engage with 27 institutional investors, discussing key operational and financial issues [1][2][3]. Group 1: Financial Performance - The company reported an increase in net profit margin in the fourth quarter, attributed to revenue growth and stable expense management, with expenses growing at a slower rate than revenue [4]. - The company acknowledged that the gross profit margin for its energy storage business is lower compared to other products and emphasized the need to enhance product competitiveness through technology improvements and cost control [5]. Group 2: Cash Flow and Inventory Management - The company explained that the operating cash flow is expected to decline in 2025 due to increased inventory levels resulting from business expansion and rapid growth in certain areas, indicating a temporary pressure on cash flow management [6]. - The company highlighted a notable increase in the bidding volume for projects with the State Grid in 2025, expressing gratitude for customer trust and a commitment to fulfilling production and delivery requirements [6]. Group 3: Share Buyback and Market Strategy - Regarding share buyback plans, the company stated that the current stock price exceeds the buyback price limit, and future buybacks will be executed based on market conditions and regulatory guidelines [7]. - The company reported growth in its medium and low-voltage product lines and is actively launching new products while implementing risk management strategies, including foreign exchange hedging and copper futures to mitigate price risks [8]. Group 4: Investor Engagement - The investor research activity provided institutional investors with deeper insights into the company's operational status and future development plans, with the company committing to continuously enhance its core competitiveness for stable business growth [9].