赛特新材(688398) - 2024年10月份投资者关系活动记录表

Group 1: Financial Performance - In Q3 2024, the company's revenue decreased by 9.16% year-on-year due to weak consumer demand and a decline in orders during May and June [1] - The proportion of domestic sales in the main business increased to 59%, while the gross profit margin decreased due to rising natural gas prices [1] - Financial expenses increased year-on-year, partly due to over 500,000 RMB in convertible bond interest expenses and exchange losses from RMB appreciation [1] Group 2: Market Demand and Policy Impact - In July and August 2024, government measures to support large-scale equipment updates and consumer subsidies for energy-efficient refrigerators were introduced, with subsidies of 20% and 15% for different energy efficiency standards [1] - As of October 15, 2024, central subsidy expenditures reached 13.17 billion RMB, driving sales of major home appliance products to 69.09 billion RMB [1] - Over 90% of sales in the major home appliance category were for energy-efficient products under the old-for-new policy [1] Group 3: Company Operations and Subsidiary Performance - The two subsidiaries, Wei Ai Ji and Anhui Sait, are currently in equipment debugging and capacity ramp-up phases, resulting in significant losses in Q3 [1] - Wei Ai Ji is expected to continue its overall loss in Q4, while Anhui Sait's loss is anticipated to narrow as order volumes increase [2] Group 4: Product Development and Market Trends - The demand for vacuum insulation panels (VIP) is recovering, with October orders reaching last year's high points, and strong demand expected to continue in Q4 [2] - The company is applying ultra-thin VIP technology in the electric vehicle battery pack market, which has received recognition from a major automotive client [3] - The revision of China's refrigerator energy efficiency standards is ongoing, aiming to align with international advanced levels, which will drive the development of higher energy efficiency products [3]