DAOMING(SZ:002632)2024-05-13 09:41Financial Performance - The reflective materials segment achieved a revenue of 941.7 million CNY in 2023, a year-on-year decline of 2.44% [1] - In Q1 2024, revenue from reflective materials increased by 6.85% compared to the same period last year, reaching 316 million CNY [3] - The net profit for Q1 2024 was 45.42 million CNY, reflecting a growth of 26.47% year-on-year [3] - The proposed cash dividend for 2023 is 3 CNY per 10 shares, totaling 187.38 million CNY, which accounts for 119.57% of the net profit attributable to shareholders [5] Market Position and Technology - The company is a leading manufacturer of reflective materials in China, with a strong reputation and market presence [5] - It has developed and mass-produced micro-prism reflective films, achieving a theoretical reflectivity of 100% [5] - The company has successfully expanded into new functional film materials, including aluminum-plastic films and optical display films, targeting sectors like new energy vehicles and consumer electronics [6] Investor Relations and Stock Performance - The company emphasizes that stock price fluctuations are influenced by various internal and external factors, and it focuses on maximizing shareholder value through operational performance [3] - The stock price has decreased by over 25% this year, despite overall market growth, which the company attributes to market dynamics rather than operational issues [3] - Shareholder reduction in holdings was due to personal financial needs, not a reflection of the company's future prospects [3] Research and Development - The company established a research institute in Hangzhou in 2023, focusing on optical components and new functional materials [2] - The research center aims to enhance product performance and develop new products through advanced optical design and precision processing capabilities [2] Corporate Governance - The company maintains a commitment to transparency and accurate information disclosure, ensuring that all data is truthful and complete [4] - The board secretary has been with the company for 12 years and is dedicated to supporting the board and enhancing the company's image [4]