嘉元科技(688388) - 嘉元科技2024年1月24日投资者关系活动记录表

Group 1: Company Overview and Activities - The company, 嘉元科技, held an online investor relations meeting on January 24, 2024, attended by 29 institutional researchers and investors [1] - The meeting format was a Q&A session, aimed at providing comprehensive insights into the company's operations [1] Group 2: Product Shipment and Market Trends - In Q1 of the previous year, the company shipped approximately 11,000 tons, with a noted decrease in demand in Q4 2023 due to inventory reduction in the new energy sector [3] - The product structure shows that mainstream 6μm products account for about 75%, while high-value-added products make up 25% [3] - High-value-added products, including 4.5μm and 5μm specifications, have processing fees approximately 15% higher than conventional products [3] Group 3: Pricing and Profitability - Processing fees for lithium battery copper foil have shown a downward trend in 2023, particularly in Q2, with a stable average in Q3 [4] - The company remains one of the most resilient in terms of pricing within the industry, despite challenges in the lithium battery copper foil market [4] Group 4: Product Development and Market Strategy - The company is actively developing thinner traditional copper foil products below 4μm, with successful samples sent to well-known battery cell manufacturers [5] - Future strategies include focusing on high-value-added products, strengthening existing customer relationships, and expanding into overseas markets [6] Group 5: New Business Initiatives - In 2023, the company established new subsidiaries to diversify into solar energy and copper wire processing, with positive progress reported [7] - The solar energy projects are expected to generate approximately 13 million yuan in annual electricity cost savings, with contracts worth about 750 million yuan secured in 2023 [7]