TonyShare(BJ:839167)2024-03-26 13:26Group 1: Company Performance and Production Capacity - In 2023, the company's shipment volume to major customers accounted for 10%-45% of their total demand for welding strips [4] - As of the end of 2023, the company's production capacity exceeded 25,000 tons, with a 71.25% completion rate for the 15,000 tons fundraising project, expected to be completed by the end of June 2024 [8] - The current capacity utilization rate is close to 100%, with a significant order volume from downstream customers [12] Group 2: Financial and Market Outlook - The company anticipates continued growth in the photovoltaic industry in 2024, with expectations for improved performance due to ongoing market expansion [7] - The pricing for the upcoming refinancing will be based on not less than 80% of the average stock price over the previous 20 trading days prior to the pricing date [9][10] - The cost structure indicates that copper accounts for approximately 85% and tin for about 15%, with raw material price fluctuations having a limited impact on gross margin [8] Group 3: Product Sales and Inventory Status - In 2023, the sales distribution of the company's products was as follows: SMBB welding strips approximately 40%, MBB welding strips about 20%, special-shaped welding strips around 17%, flat wire welding strips about 3%, and busbar welding strips approximately 20% [11] - The overall turnover situation of the company's main downstream customers for welding strips is reported to be good [5]