XLKG(SZ:000955)2024-05-15 03:20Group 1: Investor Relations Activities - The investor relations activity was conducted online on May 14, 2024, from 14:00 to 17:00 [1] - Key participants included the Vice Chairman and President Yu Chunshan, Vice President and CFO Dai Xiao, and other executives [1] Group 2: Financial Performance and Concerns - The company reported a cash balance of ¥64,499,006.71, with plans to use ¥250 million of idle funds for purchasing financial products [2] - The company has faced continuous losses due to external economic conditions and increased competition in the non-woven fabric industry [3] - The stock price has dropped from ¥14.95 in 2020 to ¥4.38, raising concerns among minority shareholders [5] Group 3: Legal Matters - The company is currently involved in a lawsuit with Hengtian Heavy Industry, which is still under court review [2] - The company will disclose any significant updates regarding the lawsuit as per legal requirements [2] Group 4: Business Strategy and Development - The company aims to focus on three growth areas: innovation and transformation, quality growth, and exploring acquisition opportunities [5] - The company is committed to leveraging its land resources in Hainan for future development, with plans to communicate with the government for optimal land use [4][5] - The company is exploring opportunities related to the Hainan Free Trade Port, aiming to align its business strategy with the policy advantages [6][7] Group 5: Market Conditions and Product Pricing - The non-woven fabric industry is currently under pressure, with challenges in passing upstream raw material price increases to downstream products [3] - The company is optimistic about stabilizing order volumes and gross margins, indicating signs of recovery since Q4 of the previous year [3]