深纺织A(000045) - 深纺织A调研活动信息

Group 1: Production Capacity - The small-sized polarizer production lines 1-3 and 5 have a capacity utilization rate of approximately 70-80% [2][3] - The large-sized polarizer production lines 4 and 6 are operating at full capacity [3] Group 2: Operational Optimization - The company is optimizing product and customer structures to increase the proportion of high-margin products and reduce customer concentration [3] - Efforts are being made to lower production costs and improve overall production line capacity by reducing waste and enhancing yield rates [3] Group 3: Product Quality - The yield rate for polarizer products is around 95% for TV polarizers, with line 6 achieving a yield rate of 96% [3] - Compared to leading manufacturers like Nitto Denko, which have yield rates of approximately 98-99%, there is still a gap that the company is working to close [3] Group 4: Project Development - The 7th production line, with a planned capacity of 32 million square meters, is under construction and was topped off by December 31, 2019 [4] - Due to the impact of the COVID-19 pandemic, the project is delayed by approximately 3 months, with production expected to start in January 2021 [4] Group 5: Competitive Landscape - Major competitors in the polarizer market in mainland China include Kunshan Chimei, LG Chem, and Sanli Pu, which are planning to establish production lines for large-sized polarizers [4] - The company is focusing on the industrialization of large-sized polarizers to capture market opportunities and enhance revenue [5]