盛景微(603375) - 盛景微2024年10月23日-11月11日投资者关系活动记录表

Product Overview - The main products of the company include electronic detonator core components, electronic control modules, and blasting controllers, categorized into standard, enhanced, anti-vibration, coal mine permissible, and seismic exploration types [1][2]. Market Share and Competition - The company's market share has decreased compared to last year due to several factors: 1. Early replacement of traditional detonators by core customers, leading to a smooth capacity transformation [2]. 2. Industry-wide supply pressures as electronic detonators replace traditional ones, resulting in inventory destocking pressures in 2024 [2]. 3. Intense competition in the end market has led to price declines and a reduction in high-end product market share [2]. Market Response Strategies - The company has adopted proactive market expansion strategies: 1. Strengthening deep cooperation with existing customers to build a competitive ecosystem and offering high cost-performance products [2][3]. 2. Actively expanding into new markets and customers by leveraging product advantages and providing tailored services [3]. 3. Exploring overseas market opportunities by assisting foreign clients in production line upgrades and establishing partnerships with overseas detonator companies [3]. Product Iteration and Development - Future product iterations will be influenced by: 1. New technological demands from applications like smart mining, such as the development of non-explosive electronic detonators [3]. 2. Adjustments in national policy standards, prompting continuous optimization of product functions [3]. 3. Customized development strategies to meet differentiated demands in overseas markets [3]. Expansion into Other Areas - The company is focusing on its self-developed chip design capabilities, with plans to expand into: 1. Specialized products for oil and seismic exploration, with increasing orders expected from major clients like PetroChina and Sinopec [3]. 2. Military products, with thorough research and certification processes in place to provide design solutions and key components for overall manufacturers [3].