江苏神通(002438) - 2023年9月26日调研活动附件之投资者调研会议记录

Group 1: Company Performance - The company achieved a revenue of 999 million CNY in the first half of 2023, representing an increase of 8.23% year-on-year [6] - The net profit attributable to shareholders, excluding non-recurring items, was approximately 116 million CNY, showing a year-on-year growth of 28.89% [6] Group 2: Nuclear Power Sector - The company has separated its nuclear power division to enhance operational efficiency and focus on expanding its capabilities in the nuclear energy sector [3] - Six new nuclear power units have been approved for construction this year, with expectations for more approvals in the future [5] Group 3: Order and Market Outlook - The company is actively pursuing market orders and has sufficient orders to ensure normal production operations [4] - The company employs a cost-plus pricing strategy for its valve products, which helps stabilize gross margins despite fluctuations in raw material prices [7] Group 4: Financial Management - The increase in accounts receivable is attributed to rapid revenue growth and a lag in cash collection, with measures in place to enhance receivables management [13][14] - The company is committed to improving its operational quality and responding to market demands through new project developments [12] Group 5: Future Expectations - The company's future market value and stock price are influenced by various factors, including financial performance and macroeconomic conditions [10][11] - The company aims to maintain healthy and sustainable growth to provide better returns to shareholders [12]