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孚能科技(688567) - 孚能科技投资者关系活动记录表-20240429

Financial Performance - The company reported a revenue of over 16.4 billion yuan for the fiscal year 2023, representing a year-on-year growth of 42% [1] - In Q1 2024, the revenue exceeded 2.9 billion yuan, with a gross margin recovering to around 12% [1] - The company experienced a significant loss in 2023, with non-operating losses being a major contributor, including inventory depreciation and investment losses [1] Inventory Management - The inventory level was reduced from approximately 7.3 billion yuan at the end of 2022 to about 3.3 billion yuan, alleviating pressure on future performance [2] - The company improved inventory management in 2023, which is expected to positively impact financial results starting in 2024 [2] Market Strategy - The company plans to focus on expanding its overseas market presence, particularly with high-margin clients like Mercedes-Benz and Togg in Turkey [3] - In the domestic market, the company aims to actively develop SPS customers to lower product costs and establish a foundation for future growth [2] Product Development - The company is expanding its product line, with a focus on new energy applications, including small power markets and manned aircraft [3] - The production capacity for SPS products is still in the expansion phase, with significant progress expected in the second half of the year [4] Customer Relations - The company maintains a strong relationship with its core overseas clients, which significantly contribute to its revenue [5] - The pricing mechanism for overseas clients is linked to raw material prices, which affects gross margins [3] Future Outlook - The company anticipates a year-on-year increase in shipments for 2024, with a focus on high-margin customers and emerging markets [3] - The company is also exploring opportunities in the aviation sector, with ongoing projects both domestically and internationally [4]