国投中鲁(600962) - 2024年7月投资者关系活动记录表

Group 1: Company Overview - Guotou Zhonglu was established in 1991 and has over 30 years of experience in the concentrated fruit and vegetable juice industry [1] - In 2004, the company became the first in the industry to be listed on the Shanghai Stock Exchange [1] - The company has expanded its operations internationally, acquiring Singapore-listed Xinhuabin and Poland's APPOL Group, becoming the first domestic concentrated apple juice company to establish overseas operations [2] Group 2: Market Position and Performance - The company sells products in over 30 countries and regions, including North America, Europe, Asia, and Australia, with significant growth in South Africa [2] - The concentrated juice market has evolved from a fragmented structure to a concentrated one, currently dominated by two major players and several medium-sized enterprises [2][3] - The concentrated apple juice market is primarily driven by demand from developed countries, which account for 80% of global apple juice consumption [3] Group 3: Future Outlook and Strategy - The demand for concentrated apple juice is expected to grow steadily due to improved regulatory policies and rising health awareness among consumers [3] - The company aims to maintain its domestic market position while actively developing international markets to adapt to external complexities [4] - Future growth will focus on exploring new markets, customers, channels, products, and value chains to create a "second growth curve" [6] Group 4: Challenges and Risks - The company anticipates a decline in performance for the first half of 2024 due to increased shipping costs, weakened market demand, and fluctuations in the RMB/USD exchange rate [5] - Exchange rate fluctuations directly impact the company's revenue, as a significant portion of exports are settled in USD [6] - The company is enhancing its risk management strategies to mitigate the adverse effects of exchange rate volatility [6]