Financial Performance - In the first half of 2024, the company achieved a revenue of 545 million CNY, representing a year-on-year growth of 5.38% [2] - The net profit attributable to shareholders was 47.37 million CNY, showing a year-on-year decline of 1.40% [2] - The net profit after deducting non-recurring gains and losses was 44.91 million CNY, down by 1.28% year-on-year [2] Product Development and Sales - The sales volume of high-temperature corrosion-resistant alloy products remained stable compared to the same period last year [3] - The proportion of cobalt-based and nickel-based high-end high-temperature corrosion-resistant alloy products increased, enhancing product value and profitability [3] - The company is expanding production capacity at its new project in Dongtai, with trial production underway for the Jiangsu New Zhongzhou Phase II project [3] Market Position and Competitiveness - The company holds a leading position in the domestic market for high-temperature alloy welding materials and high-end petrochemical equipment [3] - The customer concentration is low, indicating significant market expansion potential [3] - Compared to domestic peers, the company has advantages in product coverage, complete industrial chain, and diverse product types [4] Inventory and Production Strategy - The increase in inventory is attributed to the need to meet short delivery times for deformation high-temperature corrosion-resistant alloy orders [3] - The outsourcing of production is gradually decreasing, involving only non-critical processes for certain products [3] Profit Margin Analysis - The gross margin for deformation high-temperature corrosion-resistant alloys increased due to a higher proportion of high-end products [3] - The gross margin for cast high-temperature corrosion-resistant alloys decreased due to product structure, equipment depreciation, and rising labor costs [3]
中洲特材(300963) - 22投资者关系活动记录表