Group 1: Investor Relations Activity Overview - The investor relations activity took place from June 18 to June 19, 2025, at the company's board secretary office [3] - Participating institutions included Dongwu Securities, Shanxi Securities, Northeast Securities, Beiyin Asset, Jinding Capital, and Ruihua Capital [3] - Company representatives included the board secretary and financial officer Mr. Zhang Weifeng [3] Group 2: Industry Challenges and Company Strategies - The wind power industry is expected to see significant growth in 2025, but cost reduction pressures and price competition remain intense [4] - The company is implementing measures to maintain gross margin levels, including: - Selecting quality customers and phasing out high-debt and low-price orders - Optimizing heat exchanger technology and reducing costs through R&D - Collaborating with the supply chain for process improvements - Expanding into higher-margin sectors such as air compressors, engineering machinery, hydrogen energy, and data centers - Strengthening relationships with existing high-margin export customers and developing new ones [4] Group 3: Impact of Acquisition on Raw Material Costs - The acquisition of Jufeng Aluminum Industry aims to stabilize the supply chain, as aluminum is a key component in plate heat exchangers, constituting a significant portion of raw material costs [5] - The acquisition enhances cost control capabilities, allowing for batch production cost advantages and reducing pricing volatility linked to external procurement [5] Group 4: Production Capacity and Depreciation - The company operates three production facilities, with the third facility expected to be operational by the end of 2025 [6] - The new facility is projected to have an annual production capacity of 200,000 units of energy-efficient heat exchange systems and heat exchangers, potentially generating a revenue of approximately 460 million yuan, nearly doubling current capacity [8][9] - The new facility will incur an additional depreciation cost of around 3 million yuan in 2024, with ongoing annual depreciation costs of approximately 6 million yuan thereafter [7]
方盛股份(832662) - 投资者关系活动记录表