Group 1: Business Updates and Collaborations - The company is focusing on the automotive and consumer electronics markets, developing modified plastic products for applications such as automotive lidar brackets and sound systems, with some products in small batch trial production and testing stages [3]. - BYD has become the company's fourth largest customer, with significant order growth expected in 2024 as the collaboration deepens [4]. - The company aims to develop lightweight products that can replace metals, which are technically challenging but have high added value, enhancing profit margins [4]. Group 2: Product Development and Market Strategy - The company has maintained a 20%+ share in the consumer electronics sector over the past three years, which is higher than industry peers, and plans to continue expanding in this area [4]. - PEEK materials are being researched for potential use in humanoid robots, with ongoing development to enhance their properties [5]. - The company employs a transparent procurement model based on market prices and has long-term plans to expand into upstream specialty engineering plastics [5]. Group 3: Industry Trends and Competitive Strategy - The company differentiates itself through customized products that have import substitution effects and lightweight characteristics, aiming to maintain high profit margins despite potential price wars in the automotive sector [6]. - The concept of "general plastic engineering" involves modifying general plastics to achieve some characteristics of engineering plastics, allowing for cost reduction while not fully replacing engineering plastics [6].
富恒新材(832469) - 投资者关系活动记录表