南矿集团(001360) - 2024年1月26日投资者关系活动记录表

Group 1: Market Overview - The domestic aggregate market is experiencing a decline in overall demand, with increased market concentration, putting pressure on small and medium enterprises [1] - The company has maintained its leading position in the domestic market by enhancing the technology and competitiveness of its crushing and screening equipment [1] - The overseas market is being actively expanded through partnerships with Chinese clients abroad, focusing on providing quality spare parts and after-sales services [1] Group 2: Business Outlook - The aggregate industry has entered a stable phase, with market demand reaching saturation, shifting focus to quality improvement and cost reduction for existing production enterprises [2] - The company is transitioning its strategy from a "manufacturing + service" model to a "service + manufacturing" model, emphasizing high-quality service as a key business development point [2] - The company aims to focus on the metal mining sector due to its large and rapidly growing business volume, with a particular emphasis on after-market services [2] Group 3: Financial Insights - The company's aggregate business still accounts for a larger share than the metal mining business, primarily due to established relationships with large state-owned enterprises [2] - The demand for metal mining equipment is expected to grow significantly, with the potential for after-market parts to exceed the value of the original equipment within two years of operation [3] - The profitability of metal mining equipment is higher than that of aggregate equipment, driven by continuous demand for spare parts and maintenance services [3] Group 4: Strategic Adjustments - The company is adjusting its strategic direction to focus on the engineering aggregate sector, aligning with the international development trends of its main clients [4] - The company recognizes the limited growth potential in the incremental market for aggregates and is shifting its focus to maintaining and developing existing customer relationships [4] - The global consumption of aggregates has decreased, prompting the company to adapt its strategy to better align with market conditions [4]