Peric Special Gases (SH:688146)2024-04-30 09:44Financial Performance - In 2023, the company's operating revenue decreased by 17.39% compared to the previous year, primarily due to weak market demand and price adjustments [2] - The net profit attributable to shareholders decreased by 30.24% year-on-year, influenced by reduced revenue and market conditions [2] - In Q1 2024, the company achieved operating revenue of ¥435,273,546.90, an increase of 8.42% year-on-year, and a net profit of ¥90,325,704.21, up by 5.89% [3] Product and Market Development - The company produces over 70 types of electronic specialty gases, including trifluorine and hexafluoride, with a focus on integrated circuits and display panels [4] - In 2023, overseas revenue accounted for approximately 20% of total operating revenue, with a goal to expand export product categories and enhance localized services [4] - The company has established a strong presence in international markets, with clients including TSMC, Micron, and Merck [4] Research and Development - The company continues to increase R&D investment, leading to a rise in R&D expenses despite a decline in profits [3] - The production capacity for trifluoromethanesulfonic acid is 660 tons, and for bis(trifluoromethanesulfonyl)imide lithium, it is 600 tons [5] - In Q1 2024, revenue from trifluoromethanesulfonic acid series products approached ¥50 million, nearly doubling year-on-year [5] Cost Management - The company aims to reduce production costs by 5% for mature products and 10% for new products in 2024 [7] - Cost reduction strategies include improving production technology and establishing a subsidiary in Inner Mongolia to lower overall production costs [6] Future Outlook - The company anticipates significant market opportunities for its products, particularly in the solid-state battery sector, as technology advances [6] - There are currently no plans for public fundraising, but the company remains open to future equity incentive programs to stabilize its talent pool [7]