Group 1: Company Overview and Governance - Zhejiang Yanpai Filtration Technology Co., Ltd. has established a robust governance structure and internal control system to manage multiple projects simultaneously and ensure efficient use of raised funds [1] - The company has developed into a leading enterprise in the filtration materials industry, leveraging rich technical and production experience, a wide customer base, and a strong reputation [1] Group 2: Research and Development - R&D expenses from 2021 to 2023 were CNY 25.50 million, CNY 37.70 million, and CNY 34.09 million, accounting for 3.60%, 5.00%, and 4.73% of operating revenue respectively [2] - The company has core technologies in solid-liquid and solid-gas separation products, recognized as a provincial-level enterprise research institute [2] Group 3: Financial Performance - The total liabilities of the company in 2023 amounted to CNY 511.89 million, with a debt-to-asset ratio of 34.08% [3] - Operating revenue for 2021 to 2023 was CNY 708.64 million, CNY 753.96 million, and CNY 721.48 million [12] Group 4: Market Position and Competition - The company faces competition from large foreign filtration material manufacturers with advanced technology and extensive market experience [2] - The sales revenue from non-woven products accounted for 60.37%, 57.87%, and 52.4% of the main business revenue from 2021 to 2023 [2] Group 5: Production and Sales - The company’s production model is primarily customized, with a focus on market demand, adopting a "sales-driven production" approach [12] - The sales expenses in 2023 were CNY 40.36 million, accounting for 5.59% of operating revenue [12] Group 6: Future Development Plans - The company plans to issue convertible bonds to raise up to CNY 467.89 million for high-performance filtration material projects and to supplement working capital [13] - Future strategies include expanding production capacity, enhancing product quality, and increasing market share both domestically and internationally [14]
严牌股份(301081) - 严牌股份投资者关系管理信息