Group 1: Company Overview - Snow Qi Electric was established in June 2011 and is located in Hefei, Anhui Province, primarily engaged in the R&D, production, and sales of large-capacity refrigerators and commercial display cabinets [1] - The company has maintained a focus on independent R&D and product innovation, with products exported to over 60 countries and regions, becoming a leader in the ODM field for large-capacity refrigerators [1] Group 2: Financial Performance - From 2020 to 2022, the company's operating revenue was 1,613.77 million CNY, 2,072.18 million CNY, and 1,927.48 million CNY, with a compound annual growth rate of 9.29% [2] - The net profit attributable to shareholders was 70.44 million CNY, 78.69 million CNY, and 93.37 million CNY during the same period, indicating stable growth in revenue and operating performance [2] - In the first three quarters of 2023, the company achieved operating revenue of 1,693.52 million CNY, with a year-on-year growth of 20.5% and a profit increase of 34.46% [2] Group 3: Sales and Market Distribution - Domestic sales revenue increased from 1,365.34 million CNY to 1,552.81 million CNY, while overseas sales revenue rose from 237.03 million CNY to 350.73 million CNY from 2020 to 2022 [2] - The revenue from the top five customers accounted for 79.63%, 72.02%, and 68.85% of total revenue from 2020 to 2022, indicating a high customer concentration [2] - In the first half of 2023, the top five customers included Midea Group, Swire Group, Meiling Group, Hisense Group, and Viomi Technology [2] Group 4: Product Segmentation - Revenue from refrigerator products grew from 1,540.07 million CNY to 1,690.79 million CNY, while revenue from commercial display cabinets and others increased from 62.30 million CNY to 212.74 million CNY [2] - The commercial display cabinet revenue was 60.36 million CNY, 182.66 million CNY, 200.41 million CNY, and 141.69 million CNY over the reporting periods, with a growing share of total revenue [3] Group 5: Production Capacity and Future Plans - The company plans to invest 95.04 million CNY to enhance its self-manufacturing capabilities for refrigerator components, aiming for an annual production capacity of 400,000 sets of cabinet bodies, 2 million sets of door bodies, and 2.4 million drawers [2] - This investment is expected to reduce raw material procurement costs, lower operational risks, and improve product quality and overall profitability [2]
雪祺电气(001387) - 2024年1月23日投资者关系活动记录表