望变电气(603191) - 投资者交流活动记录表

Financial Performance - In Q1 2024, the company achieved revenue of approximately ¥520 million, with a net income of ¥21 million after expenses [2] - The company expects to gradually reach design capacity as ongoing projects conclude by April 30, 2024 [2] High-end Magnetic Material Project - The 80,000-ton high-end magnetic material project commenced domestic production on June 30, 2023, with plans for full production by June 30, 2024 [2] - The output ratio of grades 095 and above has exceeded 80%, while grades 085 and above have surpassed 10% [3] Export and Market Strategy - In 2023, the company's oriented silicon steel exports accounted for 21.18% of total sales, with expectations to increase to 50%-60% in 2024 [3] - The company has a saturated order book in the power distribution sector, with export contracts totaling nearly ¥50 million [4] - The company is expanding its global footprint, targeting markets in Southeast Asia, the Middle East, and North America [5] Production Capacity and Supply Chain - The company plans to evaluate the potential upgrade of existing production lines after stabilizing the new high-end magnetic material project [3] - The company has secured a 2-3 month order reserve for its power distribution segment and 4-6 months for cloud power distribution [4] Strategic Partnerships and Certifications - The company is establishing sales centers in various regions, including the UAE and Africa, to enhance its bidding capabilities for major power projects [5] - Compliance with international certifications such as UL and CE is essential for exporting electrical equipment to the US and EU [6] Future Outlook - The company anticipates stable growth in the power distribution and control equipment sector, supported by national policies and infrastructure development [7] - The price of oriented silicon steel is expected to remain stable or increase due to rising demand for energy-efficient transformers [8]