Group 1: Company Overview and Market Position - Xinghui Environmental Materials Co., Ltd. is actively involved in the production of polystyrene, which is widely used in electronics, automotive, and packaging industries [1][2]. - The company has established partnerships with major suppliers like PetroChina and Shell, ensuring efficient procurement of raw materials [3]. - The company is strategically located in South China, a hub for the plastic industry, allowing for reduced transportation costs and timely responses to market demands [3]. Group 2: Sales and Market Expansion - In Q1 2024, the company's product sales experienced a year-on-year increase, attributed to policies promoting equipment upgrades and product replacements [2]. - The company has successfully expanded into Southeast Asia and Africa, with overseas business revenue showing significant growth despite its current small proportion of total revenue [3]. - The primary customer base is concentrated in South and East China, where demand for polystyrene is high due to the presence of various manufacturing industries [3]. Group 3: Product and Pricing Strategy - The company produces high-value, environmentally friendly materials, which are classified as strategic emerging industries in China [2]. - Pricing is determined daily based on market supply and demand, competitor pricing, inventory levels, production costs, and logistics [3]. - The company implements a prepayment policy for all customers, ensuring financial stability and reducing credit risk [3]. Group 4: Inventory and Risk Management - The company maintains a balanced inventory of raw materials and finished products to mitigate the impact of price fluctuations [3][4]. - It emphasizes the importance of accurate and timely information disclosure to investors, ensuring compliance with regulations and maintaining transparency [4].
星辉环材(300834) - 2024年5月16日投资者关系活动记录表