盛泰集团(605138) - 盛泰智造集团股份有限公司投资者关系活动记录表

Financial Performance - In the first half of 2024, the company achieved a sales revenue of 1.905 billion yuan, a decrease of 25.30% year-on-year [4] - The net profit for the same period was 22 million yuan, down 82.22% year-on-year [4] - The net profit attributable to shareholders was 26 million yuan, a decline of 79.51% year-on-year [5] - The net profit after deducting non-recurring gains and losses was 21 million yuan, down 55.90% year-on-year [5] Market Conditions - The textile industry in China is experiencing a recovery in domestic sales, but is constrained by weak external demand and high production costs [4] - The decline in performance is attributed to reduced demand for imported textiles in major markets like Europe and the U.S. due to high inflation and trade tensions [5] Inventory Management - As of the end of Q2 2024, the company's inventory amounted to 860 million yuan, a decrease of 14.93% year-on-year [6] Share Buyback - As of August 31, 2024, the company has repurchased 10 million shares, representing 1.80% of the total share capital, with a total expenditure of 49.0072 million yuan [7] Competitive Advantages - The company has established a dual circulation layout with production bases in Australia, Vietnam, and various provinces in China, enhancing its competitive edge [8] - Continuous investment in advanced production equipment and automation has improved production efficiency and reduced costs [8] Governance and Communication - Independent directors actively participate in board meetings and provide valuable insights on major company decisions [8] - The company expresses gratitude to investors for their support and encourages ongoing communication for future improvements [9]