友讯达(300514) - 2024年12月12日投资者关系活动记录表

Group 1: Financial Performance - The company's production capacity utilization rate was approximately 80% in the first half of the year, but decreased by 15% in the second half due to market demand slowdown, despite overall capacity improvement of over 30% [2] - Revenue and net profit for the first three quarters of 2024 saw a slight decline, attributed to slower delivery demand in certain provinces and increased R&D investments [2] - The company's operating cash flow net decreased by 2.21%, but this is considered a normal fluctuation and will not affect liquidity [3] Group 2: R&D and Innovation - R&D investment increased by 15.37% year-on-year, focusing on overseas AMI electric meters, ultrasonic metering projects, and products for State Grid and Southern Grid [2] - The company’s core competitiveness in IoT solutions includes technological innovation, R&D advantages, brand reputation, and product quality [3] - The company plans to enhance R&D and market expansion to maintain brand advantages and improve customer satisfaction [4] Group 3: Market Position and Strategy - As of mid-2024, revenue from the electric power industry accounted for 98.71%, while non-electric power revenue was only 1.29% [3] - The company has no current plans for stock repurchase despite regulatory encouragement [4] - The increase in State Grid investments is expected to provide more opportunities for the company, enhancing product development and customer engagement [3] Group 4: Management and Governance - The company maintains a stable management team, which is crucial for healthy development [5] - The reduction in cash flow from investment activities is due to decreased purchases of financial products [3] - The share reduction by major shareholder Cui Xia is for personal financial needs and does not reflect management's outlook on the company's future [5]