华通线缆(605196) - 华通线缆投资者关系活动记录表2024-021

Group 1: Business Overview - The company operates primarily in two sectors: cable and oil services, with a global production capacity distributed across Asia and Africa, leveraging first-mover and technological advantages in international markets [3] - The cable segment is extending its upstream supply chain to improve cash flow issues, while the oil services segment primarily collaborates with the world's three major oil service companies [3] Group 2: Foreign Exchange and Tariff Management - The company employs foreign exchange hedging strategies to mitigate risks associated with currency fluctuations, particularly when receiving payments in USD and making overseas investments [3] - Products sold in the U.S. are mainly produced by the Korean subsidiary, which benefits from a trade agreement that exempts these products from tariffs [4] Group 3: Competitive Positioning - The company’s subsidiary, Xinda Technology, is one of six global manufacturers certified with API-5ST, showcasing its technological leadership [4] - Innovative products, such as smart cable products and 6000-meter long seamless pipes, highlight the company's commitment to technological advancement and market competitiveness [4] Group 4: Customer Base and Market Reach - The cable segment primarily serves downstream distributors in North America, with additional markets in Australia, the Middle East, Africa, and Southeast Asia [5] - The oil services segment's main clients are the world's three major oil service companies, with established long-term partnerships [5] Group 5: Risk Advisory - The company advises investors to refer to official announcements on the Shanghai Stock Exchange website for accurate information regarding external environment assessments, development strategies, and future plans, emphasizing the importance of rational investment and risk awareness [5]