Group 1: Company Performance Overview - The company reported its 2023 annual performance and Q1 2024 results during the investor relations activity [2] - The special power supply sector accounts for approximately 4% of China's overall power supply market, with an expected market size exceeding 24 billion CNY by 2025, reflecting an annual compound growth rate of 11% [2] Group 2: Growth Strategies - The company aims to deepen customer relationships and expand cooperation with major communication equipment manufacturers to drive business growth [3] - Focus will be placed on server power supply products, with a dedicated research institute established in Nanshan, Shenzhen, to enhance product development [3] Group 3: Revenue Challenges - The decline in overseas revenue in 2023 was primarily due to reduced demand in the industrial control power supply sector, as clients were in inventory digestion phases due to supply chain constraints [3] - The gross margin for new energy power products has decreased due to a shift in customer structure and a competitive market environment, leading to reduced demand for high-power, high-density products [3] Group 4: Corporate Structure and Support - The company benefits from being a mixed-ownership enterprise under China General Nuclear Power Group, leveraging both state-owned and private sector advantages for governance and operational flexibility [3] - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments, urging investors to maintain adequate risk awareness [4]
中远通(301516) - 2024年06月18日投资者关系活动记录表