BSP(000761)2024-09-18 07:41Group 1: Company Overview - The company has established itself as a premium steel production base, offering over 60 varieties and 7,500 specifications of products, with high-value and high-tech products accounting for over 80% of its output [2] - Main products include automotive surface plates, home appliance plates, oil pipeline steel, container plates, and ship plates, widely used in various industries such as automotive, aerospace, and construction [2] Group 2: Raw Material Procurement Strategy - The company has implemented measures to mitigate the negative impact of raw material price fluctuations, including strengthening supply chain analysis and optimizing procurement strategies [3] - It has established strategic partnerships for raw material supply, enhancing domestic procurement channels and ensuring supply chain security [3] - The company aims to reduce production costs by optimizing the structure of raw materials and controlling inventory effectively [3] Group 3: Automotive Steel Development - A dedicated technical research and market development team has been established to enhance the quality of automotive steel products and meet personalized customer needs [3] - The company has regional subsidiaries in five major areas to support market development and sales [3] Group 4: Convertible Bonds - The company will adhere to the terms regarding the downward adjustment of the conversion price for its convertible bonds as outlined in the offering document [3] - There are two years remaining for the convertible bonds, and the company is actively monitoring the conversion situation while ensuring adequate funding for bond repayment [3]