壹石通(688733) - 壹石通投资者关系活动记录表

Financial Performance - The expected revenue for 2023 is between RMB 460 million and RMB 470 million, representing a year-on-year decrease of 22.05% to 23.71% [2] - The projected net profit attributable to shareholders for 2023 is between RMB 21 million and RMB 27 million, a decline of 81.62% to 85.70% year-on-year [2] - Excluding the impact of share-based payment expenses, the expected net profit attributable to shareholders is between RMB 45.26 million and RMB 51.26 million, reflecting a decrease of 69.76% to 73.30% year-on-year [2] - The anticipated net profit after deducting non-recurring gains and losses is projected to be between RMB -6 million and RMB -12 million, a decrease of 105.06% to 110.11% year-on-year [2] Reasons for Performance Changes - The decrease in sales volume of lithium battery coating materials is attributed to inventory reduction by downstream companies in the new energy vehicle supply chain and intensified market competition [2] - The increase in unit costs due to depreciation from newly established production lines has offset some cost reduction benefits from process innovations [2] - There has been a significant increase in R&D expenses as the company continues to invest in new technologies, products, and processes [2] Q&A Highlights - The shipment of barium stone in Q4 2023 showed slight fluctuations, with a year-on-year decline due to significant factors affecting the first half of the year [3] - The overall price trend of barium stone in 2023 was downward, but the rate of decline has gradually slowed [3] - The company has begun trial production and small-scale sales of flame-retardant foam products, with expectations for further growth in 2024 [3] - The thermal spherical alumina products being developed in Chongqing are expected to enter trial production in Q2 2024 [3] Share-Based Payment and Customer Relations - The estimated share-based payment expenses for 2023 are projected to be between RMB 23 million and RMB 25 million [4] - The company maintains stable relationships with major customers in the barium stone sector, with ongoing collaborations with leading membrane enterprises [4] - The shipment of barium stone for separator coating exceeds 50%, while the shipment for positive electrode edge coating is slightly lower [5] Market Outlook - The market demand for small particle barium stone is expected to grow, particularly in ultra-thin coating applications, with better profitability compared to conventional barium stone models [5] - The company is optimistic about the development prospects of ceramic silicone foam products in the South Korean market, with ongoing registration and product validation efforts [5] Participation and Engagement - The investor relations activity involved 61 institutions, including major funds and insurance companies [1] - The event was held on January 30, 2024, in a teleconference format, with key personnel from the company present to address investor inquiries [1]