壹石通(688733) - 壹石通投资者关系活动记录表

Financial Performance - In Q1 2024, the company's operating revenue was 114 million CNY, representing a year-on-year increase of 6.87% [2] - The net profit attributable to shareholders was -17.92 million CNY, a decrease of 241.04% compared to the previous year [3] - R&D expenses for Q1 2024 amounted to 15.86 million CNY, an increase of 4.80%, accounting for 13.95% of operating revenue [3] Market and Product Insights - The shipment volume of lithium battery coating materials, electronic materials, and flame retardant materials saw year-on-year growth, but the average selling price of main products declined due to intensified market competition [3] - The company aims to stabilize market share by flexibly adjusting prices for major clients, with expectations of improved profitability as production capacity utilization increases [4] Operational Challenges - The decline in gross profit margin was attributed to two main factors: intensified market competition leading to significant price reductions, and high fixed cost amortization due to insufficient capacity utilization during the Spring Festival [3] - Management expenses increased quarter-on-quarter due to the new stock incentive plan's accounting starting in 2024 [3] Future Outlook - The company is in the trial production phase for its high-purity quartz sand project, with plans to accelerate downstream verification to achieve partial mass production sales in 2024 [4] - The overseas market expansion for the company's products is focused on Japan, South Korea, and Europe, with stable growth trends expected [6] Investor Engagement - The investor relations activity on April 29, 2024, included participation from 40 institutions, such as Hongde Fund and Goldman Sachs (Asia) [2][8] - The company held a Q&A session addressing various investor inquiries regarding product pricing, market conditions, and financial strategies [3][4]