宏柏新材(605366) - 江西宏柏新材料股份有限公司投资者关系活动记录表

Group 1: Financial Performance - The company's performance has declined compared to the same period last year, resulting in a loss and a continuous decrease in gross margin [2] - The main reasons for the performance decline include: 1. Product prices have decreased compared to last year 2. High depreciation and amortization due to significant fixed asset investments 3. High financial expenses from convertible bonds issued [2] - The negative investment cash flow is attributed to cash management practices involving the purchase of principal-protected products with temporarily idle funds [2] Group 2: Future Outlook and Strategy - The company holds a high market share in silane coupling agents, and plans to leverage capacity advantages with the widespread use of silicon-based materials in the future [2] - The management will focus on consolidating industry position and adapting competitive strategies, emphasizing market development, technological innovation, and new product research [3] - The company is currently conducting share buybacks, and future dividend announcements will be made through official announcements [2] Group 3: Convertible Bonds - The convertible bonds amounting to 960 million yuan have not yet been converted, and the company is working on promoting the conversion process [2] - The bonds began conversion on October 23, 2024, indicating a proactive approach to managing financial instruments [2]