Guangdong Sunwill Precising Plastic (SZ:002676)2024-05-23 09:35Group 1: Company Overview - The company is Guangdong Shunwei Precision Plastic Co., Ltd., with stock code 002676 and abbreviation Shunwei Shares [1]. Group 2: Investor Relations Activities - The investor relations activity took place on May 22, 2024, from 15:00 to 16:30 at the company's office in Foshan, Guangdong [2]. - The event included a site visit and was attended by various investors and analysts [2][5]. Group 3: Financial Performance - In 2023, the revenue contribution from plastic air conditioning blades was 63.82%, engineering plastic products contributed 17.28%, and automotive parts and molds accounted for 18.90% of total revenue [3]. - Jiangsu Junwei's financial data for 2022 showed a revenue of CNY 701.87 million and a net profit of CNY 10.36 million; for the first nine months of 2023, the revenue was CNY 590.18 million with a net profit of CNY 40.04 million [3]. Group 4: Dividend Policy - The company has not distributed dividends for several years but is considering future plans while balancing sustainable development and capital needs [2][3]. Group 5: Business Development and Strategy - The company is focusing on enhancing its market position in the air conditioning blade sector and exploring new fields such as renewable energy and automotive thermal management [4]. - The company has established a production base in Thailand and acquired Jiangsu Junwei, which has a production base in Mexico for the North American market [4]. Group 6: Material Business - The materials segment focuses on modified plastics, with a planned production capacity of 110,000 tons per year. In 2023, the revenue from modified plastics was CNY 392 million, accounting for 17.28% of total revenue, with an 8.88% increase from 2022 [4].