中科三环(000970) - 2023年6月29日投资者关系活动记录表

Group 1: Product Performance - The overall yield rate from raw materials to finished products is approximately 65% [2] - The pricing model for products is based on cost-plus, with adjustments made every 2-3 months based on actual orders [2] Group 2: Market and Industry Insights - The company's capacity expansion is aligned with order demand and market conditions, avoiding blind expansion [2] - The industrial motor market is large, but the application of neodymium-iron-boron magnets in this field is currently limited; future prospects depend on policy measures [2] Group 3: Financial Performance - The net cash flow from operating activities for 2022 was negative, primarily due to high cash payments for raw material procurement [3] Group 4: Technological Trends - Currently, rare earth permanent magnet motors remain the optimal solution for electric vehicle drive motors; the market for electric vehicles is vast [3] - The company will continue to monitor developments in new materials and technologies, adjusting R&D and operational strategies accordingly [3]