HIUV(SH:688680)2024-03-28 07:36Group 1: Company Overview and Activities - Shanghai Haiyouwei New Materials Co., Ltd. is involved in investor relations activities including roadshows and one-on-one communications [2] - The company has engaged with various investors such as Galaxy Fund, Bank of China Insurance, and Morgan Fund [2] Group 2: Market Trends and Demand - The solar module production is expected to rise post-Spring Festival, with market forecasts for total installation demand in 2024 being adjusted upwards [2] - The demand for encapsulation films is anticipated to increase due to the overall growth in solar installations [2] Group 3: Production and Technology Developments - The Pinghu production base has commenced operations, enhancing the company's supply capabilities for encapsulation films [2] - The company has introduced a new encapsulation solution for advanced battery components, covering various technology routes including TOPCON and 0BB interconnection [2][3] - The company has developed proprietary light conversion film technology, improving product stability and reliability [3] Group 4: Inventory and Financial Management - Since Q4 2023, the company has actively managed inventory, resulting in reduced safety stock periods and lower operational capital requirements [3] - The company has reduced short-term borrowings and improved cash availability, indicating no pressure on cash flow [3] Group 5: International Expansion - The Vietnam factory is planned with a capacity of 0.5-1 billion square meters, with the first phase expected to commence production in Q3 2024 [3]