Xianhe(SH:603733)2023-11-01 09:31Group 1: Company Overview and Research Meeting - Xianhe Co., Ltd. conducted an investor research meeting via conference call on October 31, 2023 [2] - The meeting included participation from various securities and asset management firms, highlighting the company's engagement with institutional investors [2][3] Group 2: Production and Capacity Expansion - The new production bases in Hubei and Guangxi are progressing as planned, with partial production expected by the end of 2023 or early 2024, targeting over 600,000 tons of paper-based functional materials [4] - The company is investing in a large-scale "forest-pulp-paper integration" industrial park project in Hubei and Guangxi, each with an annual capacity exceeding 2.5 million tons [12] Group 3: Pricing and Market Demand - The company has adjusted product prices based on rising raw material costs and market demand, with some products seeing price increases since Q3 2023 [5][6] - Export revenue reached CNY 539.80 million in the first three quarters, marking a year-on-year increase of 24.27% despite a sluggish domestic market [7] Group 4: Product Development and Market Trends - The company is adapting its product structure in response to market demands, with significant growth in sales of electrical industrial paper and thermal transfer paper series [8] - The price of low-weight specialty paper is expected to continue rising in Q4 due to stable market demand and increasing raw material costs [9] Group 5: Competitive Advantages - Xianhe Co., Ltd. possesses strong risk resistance and a diversified product range, allowing for customized development based on client needs [13] - The company has established a comprehensive production capability across the entire industry chain, including forestry, chemicals, pulping, energy, logistics, and paper products [13]