顺博合金(002996) - 2024年11月6日投资者关系活动记录表

Group 1: Financial Performance - The company achieved operating revenue of 9.893 billion yuan in the first three quarters of 2024, an increase of 20.86% year-on-year [1] - The net profit attributable to shareholders reached 164 million yuan, representing a significant growth of 95.66% compared to the previous year [1] - The increase in revenue and gross profit margin is attributed to the further release of production capacity in Anhui Shunbo and an overall increase in production and sales volume [1] Group 2: Cost Structure and Raw Materials - The proportion of recycled aluminum in raw material procurement is currently between 70% and 80% [2] - The product cost structure is primarily determined by downstream customer performance requirements, allowing for flexible adjustments in the aluminum scrap ratio based on different product processes [2] Group 3: Production Capacity and Future Plans - The company has a total casting aluminum alloy production capacity of 1.05 million tons across four production bases, with specific capacities of 300,000 tons in Chongqing, 150,000 tons in Guangzhou, 200,000 tons in Hubei, and 400,000 tons in Anhui [2] - The Anhui Phase I project began ramping up production in November 2023, while the Anhui Phase II deformed aluminum alloy project is under active construction, expected to complete equipment debugging by the end of 2025 [2] - Future strategic adjustments will be made based on downstream customer demand and market conditions [2] Group 4: Cash Flow and Financing - The increase in net cash flow from financing activities is mainly due to the expanded operational scale, leading to increased working capital needs, along with an increase in bank loans and bill financing [2] - The company plans to issue stocks to specific investors in 2024, which will enhance its equity financing scale [2] Group 5: Accounts Receivable and Business Strategy - The scale of accounts receivable has been continuously increasing, primarily due to the growth in main business sales volume and expanding operational scale, with current accounts receivable periods averaging around 30 to 60 days [2] - The company will continue to focus on the steady development of its recycled aluminum business, implementing a dual-driven strategy of "recycled casting aluminum alloy + recycled deformed aluminum alloy" to enhance market share [2]