鼎龙科技(603004) - 鼎龙科技投资者关系活动记录表2024-013

Group 1: Company Products and Pricing - The company produces various PI monomers primarily used for synthesizing thermoplastic polyimide (TPI), with applications in motor insulation materials, wire coatings, and seals. Prices have been stable recently, with some recent reductions [3] - The price and production of PBO monomers are stable, and the company is one of the few in China to achieve industrialization of PBO monomers. It is unclear if the company is the sole supplier for clients like Chengdu Xincheng [3] - The order cycle for special engineering materials is generally one to three times a year, with other products including heterocyclic aramid monomers, which are lightweight and high-strength, primarily used in firefighting equipment [3] Group 2: Market Conditions and Customer Insights - Downstream customers have been de-stocking due to uncertainties in the supply chain caused by the pandemic and geopolitical factors. It is expected that they will emerge from this cycle soon, currently being at the tail end of de-stocking [3] - The company plans to expand its product line for hair dye raw materials to better meet customer needs and continue iterative upgrades [4] - The company's plant protection products are primarily niche additives supplied to downstream agricultural clients for formulation [4] Group 3: Export and Market Reach - The company exports products globally, with minimal exports to the U.S. due to products being sent to clients' factories located outside the U.S., including Europe, Asia, and other countries like Canada and Mexico [4]