Shandong Daye (SH:603278)2023-09-14 10:55Group 1: Company Overview - The company is Shandong Daye Co., Ltd., with stock code 603278 and bond code 113535 [1][2] - The announcement was made on September 14, 2023, regarding an investor research activity [2] Group 2: Investor Research Details - The meeting was held on September 14, 2023, in Daye's conference room, with both onsite and online participation [3] - Participating institutions included Southern Fund, Great Wall Fund, and others [3] Group 3: Business Performance - In the first half of 2023, the rubber skeleton material industry saw a recovery, leading to increased market demand [3] - Production and sales in Q3 exceeded expectations, with full-capacity production in July and August [3] - The company plans to increase product prices by 4%-6% in September due to improved industry conditions [3] Group 4: Clientele and Market Strategy - Major domestic clients include top 75 global tire manufacturers, with international clients like Michelin and Bridgestone [4] - The company is one of the largest tire wire manufacturers globally, enhancing market share through the acquisition of Shengtong Steel Cord [4] - Export revenue has increased to 25% of total revenue, indicating significant growth potential in overseas markets [4] Group 5: Production Capacity - The Shengtong plant is currently operating at full capacity, with a new production line expected to launch by the end of September [4] - A second phase of the plant's relocation and renovation is scheduled for completion by June 2024, further increasing production capacity [4]