Quechen Company(SH:605183)2024-09-02 09:37Group 1: Investor Relations Activities - The investor relations activities included a conference call with various funds and securities firms, such as Morgan Stanley and Pacific Asset Management [1] - The meeting focused on the company's performance report for the first half of 2024, highlighting significant sales growth [2] Group 2: Sales Growth Drivers - The company achieved record sales in Q1 and Q2 of 2024, driven by rapid growth in the domestic tire industry and increased demand for high-dispersion silica [2] - The demand for high-dispersion silica is expected to rise due to advancements in green tire technology and the introduction of new product models by international clients [3] Group 3: Capacity Expansion and Future Plans - The company disclosed plans for new production capacity, including 3,044 tons/year of silica microspheres and 50,000 liters/year of agarose microspheres [4] - The Thai factory's capacity utilization has significantly increased, contributing to growing international sales [2][4] Group 4: International Market and Product Development - International demand for high-dispersion products and low-carbon biomass products is on the rise, with the company meeting these needs effectively [4][5] - The company has successfully launched silica products for toothpaste and is focusing on expanding its market presence in the oral care industry [5] Group 5: Financial Health and Investment - The company does not require additional financing for the microsphere project, which is expected to be completed and commercialized by 2025 [5] - The company has sufficient self-owned funds and good operating cash flow to support its projects [5]