宏华数科(688789) - 杭州宏华数码科技股份有限公司投资者关系活动记录表（2024年10月31日、11月1日)

Financial Performance - In the first nine months of 2024, the company achieved operating revenue of CNY 1.2649 billion, an increase of 43.36% compared to the same period last year [2] - The net profit attributable to shareholders was CNY 310.01 million, reflecting a year-on-year increase of 29.51% [2] - The growth in revenue and profit is attributed to increased demand in downstream industries and the transition from traditional printing equipment to digital printing [2] Investment and Capacity Expansion - The company is working on a project to establish an intelligent production line for industrial digital printing equipment with an annual capacity of 3,520 sets, with construction completed in 2024 [3] - The planned production facility will cover approximately 260,000 square meters and expand capacity to about 5,520 units, aiming to become the largest digital printing equipment production base globally [3] - An integrated production line for digital printing ink and equipment is under construction in Tianjin, with an investment of approximately CNY 600 million, expected to be completed by 2025 [3] Market Strategy and Product Development - The company plans to enhance its product matrix by developing more types of digital inkjet printing equipment and optimizing product structure [4] - Focus will be on upgrading existing products and expanding into new markets, particularly in the textile digital printing sector [4] - The company aims to implement a business model that prioritizes equipment sales followed by consumables, enhancing the synergy between digital printing equipment and consumables [5] Cost Management and Financial Outlook - Sales and management expenses have increased due to market expansion efforts and stock incentive costs [5] - R&D expenses are rising as the company advances projects related to digital micro-spraying and high-speed inkjet printing equipment [5] - The company anticipates stable gross margins in the future, supported by ongoing technological and product innovations [7] International Market and Currency Impact - The overseas market remains stable, primarily serving countries in South Asia and traditional textile nations in Europe [7] - Fluctuations in the RMB exchange rate may impact profitability, with a reported foreign exchange loss of approximately CNY 10 million (pre-tax) in the first nine months of 2024 [7]