Product Overview - The company offers two main product series: GPPS and HIPS, with HIPS being a high-value, environmentally friendly material used in high-end applications such as electronics and medical devices. In 2024, HIPS sales revenue reached 100,729.93 million CNY, a 14.05% increase from the previous year [1] - GPPS is primarily used in toys, daily plastic products, packaging materials, and optical materials [1] Profitability and Cost Structure - HIPS products have a higher gross margin compared to GPPS due to their enhanced properties and higher sales prices. The production process for HIPS includes rubber modification, which increases product value [2] - Styrene, the main raw material, accounts for approximately 90% of production costs [2] Production Capacity and Flexibility - The company operates three interchangeable polystyrene production lines that can flexibly adjust to market demand for either HIPS or GPPS products [2] Pricing Strategy - The company employs a daily pricing strategy based on market supply and demand, competitor pricing, inventory levels, production costs, and logistics considerations, maintaining a policy of payment before delivery [2] Future Development Plans - The company is focused on exploring new technologies and materials, aiming to develop high-value, high-tech polymer materials. It also plans to consider mergers and acquisitions to enhance profitability and competitive strength [2] Risk Disclosure - Any forward-looking statements regarding future plans or performance do not constitute a commitment to investors, who should remain aware of the associated risks [2]
星辉环材(300834) - 2025年6月24日投资者关系活动记录表