Tony Tech(SH:603595)2020-03-26 09:05Group 1: Company Overview - The company, Dongni Electronics, received multiple institutional investors for a phone survey on March 25, 2020 [1] - The meeting included representatives from various investment firms and was attended by the company's financial director and securities representative [1] Group 2: Business Performance - The consumer electronics business includes products such as laminated wire, ultra-fine conductors, wireless induction coils, and wireless charging isolation materials [2] - In 2019, the revenue from new products, specifically wireless charging isolation materials, exceeded 200 million yuan, with a gross margin slightly higher than that of older products [3] Group 3: Financial Health - In 2019, the company recorded a total asset impairment of 189.98 million yuan, with fixed assets impairments of 117.34 million yuan, inventory impairments of 66.28 million yuan, and prepayment impairments of 6.35 million yuan [4] - After excluding the impact of asset impairments, the quarterly net profits were -29.61 million yuan, 7.48 million yuan, 26.57 million yuan, and 26.21 million yuan respectively [4] Group 4: Current Operations - As of February 10, 2020, the company resumed operations across all products, indicating normal production and business activities [5] Group 5: Future Development - The company plans to focus on the application research and development, production, and sales of ultra-fine alloy wire and other metal-based composite materials [6] - In the consumer electronics sector, the company aims to enhance R&D investment to maintain technological leadership and provide customized, high-value products [6] - The company will also adapt to industry trends and customer needs in the photovoltaic sector while continuously attracting high-end technical talent to boost innovation capabilities [6]