Group 1: Company Overview - Chongqing International Composite Materials Co., Ltd. was established in 1991 and focuses on the R&D, production, and sales of fiberglass and its products [2] - The company has a fiberglass yarn production capacity of 1.21 million tons annually, with over 1 million tons located in the Chongqing region, and a fiberglass cloth production capacity of 200 million meters, ranking among the top three globally [2] Group 2: Market and Pricing Insights - The company maintains a cautious yet optimistic outlook for product prices in Q2, noting that while some prices have rebounded, the complete improvement of supply-demand relationships will take time [3] - According to the Global Wind Energy Association, global onshore wind power installations are expected to exceed 100 GW in 2024, with a compound annual growth rate of 15% over the next five years [3] Group 3: Production and Capacity Management - The company currently has three production lines planned or under cold repair, with a focus on stabilizing overall capacity in response to market demand [3] - In 2023, the company achieved a technological breakthrough in fiberglass-reinforced polyurethane photovoltaic component frames, establishing a production workshop with an annual capacity of 1 GW [3] Group 4: International Market Performance - The overseas market is experiencing similar challenges as the domestic market, with fiberglass prices declining and demand not meeting expectations [3] - The company's overseas clients are primarily located in North America, the Middle East, Europe, and South America, maintaining stable long-term partnerships [3]
国际复材(301526) - 2024年5月17日投资者关系活动记录表(1)