SHAREATE(SH:688257)2024-01-25 07:34Group 1: Export and Inventory Management - The company primarily uses FOB shipping for exports, with customers bearing the costs of sea freight and related fees [1] - The company maintains a certain level of inventory overseas to mitigate logistics delays and ensure timely supply for international sales [1] Group 2: Share Buyback Progress - As of January 23, 2024, the company has repurchased a total of 2,613,967 shares, accounting for 2.01% of the total share capital of 129,920,000 shares [1] - The highest repurchase price was 27.00 CNY per share, while the lowest was 21.31 CNY per share, with a total transaction amount of 66,362,782.50 CNY (excluding taxes and fees) [1] Group 3: Future Sales and Market Strategy - The company plans to enhance product quality and diversify its product range to improve competitiveness in international markets [2] - The company aims to expand its export scale and market share by establishing overseas subsidiaries and collaborating with distributors [2] - The company has a significant presence in countries like Australia, the USA, Canada, and South Korea, with plans to further develop international markets [2] Group 4: Product Usage and Market Impact - Approximately 20% of the hard alloy products produced are for internal use, while 80% are for external sales [2] - The demand for the company's products is linked to the mining activities rather than the cyclical prices of downstream products like iron ore [2] Group 5: Competitive Advantages in Export Markets - The company's products have demonstrated competitive performance in trials conducted by overseas mining companies [2] - Pricing is slightly lower than that of other international suppliers, enhancing competitiveness [2] - The company offers comprehensive solutions with a professional team that can quickly respond to customer needs [2] Group 6: Future Industry Layout - The company is focused on deepening its layout in the hard alloy industry chain, emphasizing hard alloy products, drilling tools, and mining support services [2]