民爆光电(301362) - 投资者关系活动记录表(2025年6月9日)

Group 1: Impact of Tariffs and Market Strategy - The company's products exported to the U.S. account for approximately 7.3% of total revenue, indicating minimal impact from U.S. tariffs [1] - Future market expansion will focus on Europe (46%), Oceania (15%), Asia (18%), and the Americas (16%), with over 95% of revenue coming from exports in 2024 [3] Group 2: Production Capacity and Capital Expenditure - The new factory in Vietnam is expected to generate a production value of 500-600 million, sufficient to meet demand over the next three years [2] - Future capital expenditures will include increased R&D investment, potential acquisition of owned facilities to reduce rental costs, and adherence to planned fundraising allocations [4][8] Group 3: Profit Growth Drivers - Key drivers for future profit growth include enhanced R&D investment, market expansion in key regions, and improved cost control through supply chain management [5][6][7] Group 4: Dividend Policy and Shareholder Returns - The company plans to distribute at least 50% of its distributable profits as cash dividends annually, with 2023 cash dividends amounting to 249 million and a payout ratio of 108.22% [9] - Cumulative cash dividends over three years will not be less than 50% of the distributable profits from the last three years [9]