Group 1: Company Overview - Xinghui Environmental Materials Co., Ltd. is a key player in the environmental materials sector, focusing on high-value eco-friendly new materials [1]. - The company is listed under the stock code 300834 and is recognized as a strategic emerging industry in China [1]. Group 2: Product Applications and Sales Performance - HIPS (High Impact Polystyrene) is utilized in high-end electronics, extruded sheets, high-end toys, food packaging materials, and medical devices, indicating its diverse application [2]. - In the first half of 2024, HIPS sales volume reached 6,925.60 tons, marking a year-on-year increase of 116.19% [2]. - The overall sales of HIPS and GPPS (General Purpose Polystyrene) saw a year-on-year increase, with HIPS accounting for approximately 60% and GPPS for 40% of total PS product sales [3]. Group 3: Market Trends and Future Plans - The electronic and electrical industry remains the dominant consumer of PS, accounting for over 50% of downstream consumption, with a slight year-on-year increase [3]. - The company is exploring new technologies and materials, including co-polymer technology and new rubber applications, to meet market demands and diversify its product offerings [3]. - Future plans include expanding into other synthetic resin fields and pursuing mergers and acquisitions to enhance profitability and competitive capabilities [3]. Group 4: Sales Strategy and Order Management - The company employs a daily self-pricing strategy and a prepayment sales policy, resulting in a decentralized order system with smaller individual order amounts [3]. - The short delivery cycle means that current orders reflect only short-term sales prospects, with limited correlation to long-term revenue growth [3]. Group 5: Risk Awareness and Compliance - The company emphasizes the importance of risk awareness among investors regarding future plans and performance forecasts, ensuring compliance with information disclosure regulations [4].
星辉环材(300834) - 2024年8月15日投资者关系活动记录表