密封科技(301020) - 密封科技2026年3月26日投资者关系活动记录表

Group 1: Company Overview - The main downstream customers for the sealing gasket products are internal combustion engine manufacturers, primarily focusing on diesel engines, with applications in automotive, generator sets, marine, and construction machinery industries [2][3]. Group 2: Product Applications - The metal-coated rubber board has significant market potential in the automotive sector, particularly in sealing and noise reduction for brake systems, with a large portion of the high-end market currently dominated by imported products [4]. - The company's metal-coated rubber board can be used for high-end engine gaskets, transmission gaskets, compressor gaskets, and general gasoline engine gaskets, as well as brake noise reduction pads and retaining rings [4]. Group 3: Competitive Advantages - The company has maintained a leading position in the niche market through synchronized R&D with main engine manufacturers, leveraging industry-leading technology and product consistency to increase market share [5]. - The focus on domestic substitution for high-end products has allowed the company to compete effectively against foreign manufacturers, with product performance nearing international advanced levels and superior cost-effectiveness compared to imports [5]. Group 4: Raw Material Costs - The main raw materials, including stainless steel and rubber, have experienced limited price fluctuations this year, with no significant increases observed [6]. - Energy costs, primarily from electricity and steam, have also remained stable without recent price adjustments [6]. Group 5: Impact of Project Delays - The delay of the "Sealing Gasket Technology Upgrade and Expansion Project" has not adversely affected the company's performance, as it has prioritized maximizing existing production capacity and adjusting project implementation based on actual demand [7]. - The sealing gasket business has performed well in 2025, unaffected by the delay in the fundraising project [7]. Group 6: Disclosure Information - The activity does not involve any undisclosed significant information [8].