Group 1: Company Overview - The company is Zhejiang Jiayi Thermal Insulation Technology Co., Ltd., with stock code 301004 and bond code 123250 [1] - The investor relations activity was recorded on November 10, 2025, at the Jiayi Vietnam company meeting room [3] Group 2: Production and Supply Chain in Vietnam - The production efficiency at the Vietnam facility is improving steadily, with certifications for quality, social responsibility, safety, and environmental systems completed [3] - The localization rate of raw materials at the Vietnam base has reached a high level, with key materials like stainless steel and silicone sourced locally [3] - The Vietnam facility has comparable equipment and process levels to the Chinese base, with some processes previously outsourced now being self-manufactured [3] Group 3: Strategic Rationale for Overseas Expansion - Vietnam's cultural, geographical, and logistical similarities to China facilitate management and communication, making it an ideal location for overseas capacity [4] - The establishment of the Vietnam factory aligns with the company's strategic goals for internationalization and enhancing global market competitiveness [5] Group 4: Financial Planning and Future Outlook - The company plans to maintain a steady capital expenditure approach while focusing on improving the efficiency and management of the Vietnam factory [6] - A high dividend payout ratio has been maintained in recent years, with a commitment to sustainable shareholder returns [6] Group 5: Industry Trends - The thermal insulation cup manufacturing industry is undergoing a global supply chain restructuring, with a shift from cost-driven competition to a focus on manufacturing systems and local supply chain capabilities [7] - Companies with stable overseas production and quick customer response capabilities will be better positioned in the industry's trend towards high-end, diversified, and international development [8]
嘉益股份(301004) - 嘉益股份投资者关系活动记录表