华通线缆(605196) - 华通线缆投资者关系活动记录表

Group 1: Company Overview - The company, Huadong Cable Group Co., Ltd., is identified by the stock code 605196 and the abbreviation "Huadong Cable" [1]. - The investor relations activity took place on March 1, 2024, via an online conference [4]. Group 2: Revenue Sources - Approximately one-third of the company's overall revenue comes from the U.S. market, which is a significant overseas market [5]. - Another one-third of overseas sales is derived from regions outside the U.S., including Africa and Australia [5]. Group 3: Market Advantages - The company has established a strong competitive advantage in international markets through continuous exploration and development since its first product export in 2005 [5]. - Huadong Cable has built production bases in Tanzania, Cameroon, and South Korea, and has set up sales or service companies in Singapore and Russia, enhancing its global presence [5]. Group 4: Oil Service Sector Competitiveness - The company has seen a continuous increase in orders for continuous oil pipes, benefiting from rising oil prices and stable partnerships with major oil service companies [6]. - Huadong Cable has successfully penetrated high-end markets in the Middle East and South America with its oil and gas drilling products [6]. Group 5: Financial Performance - The company's profit growth remains stable, with high-margin products increasingly contributing to overall profits [6]. - The pricing model for cable products follows the industry standard of "cost + target margin," influenced by the market prices of key raw materials like copper and aluminum [6]. Group 6: Risk Management - The company acknowledges that foreign exchange fluctuations can impact gross profit margins and has implemented a hedging policy to manage currency risks [6]. - Investors are advised to refer to official announcements on the Shanghai Stock Exchange for accurate company information and to be aware of investment risks [6].