齐峰新材(002521) - 2017年2月7日投资者关系活动记录表

Group 1: Company Overview - Qifeng New Materials Co., Ltd. specializes in decorative base paper, surface wear-resistant paper, and non-woven wallpaper base paper, with over 600 varieties. The production and sales of decorative base paper and surface wear-resistant paper rank first in the world [3] - The company’s products are primarily used in the processing of engineered wood products, enhancing resource utilization and aligning with sustainable development policies [3] Group 2: Production Capacity - The company has a total production capacity of approximately 350,000 tons, with an expected production of 370,000 tons in 2017. A new project is anticipated to add 50,000 tons of printable decorative base paper by August-September 2017 [3] Group 3: Environmental and Energy Efficiency - Unlike traditional paper manufacturing, Qifeng uses bleached wood pulp as raw material, significantly reducing pollution. The company has been recognized for its technological innovation and environmental protection efforts [4] - In 2014, the company invested in wastewater treatment systems and ultra-low emission standards for coal-fired systems, enhancing resource utilization and environmental protection [4] Group 4: Raw Material Price Trends - The main raw materials are wood pulp and titanium dioxide, with approximately 300 kg of titanium dioxide and 700 kg of wood pulp required per ton of decorative base paper. The price of titanium dioxide rose from 9,000 RMB/ton in January 2016 to 15,000-16,000 RMB/ton by December 2016, impacting production costs [4] Group 5: Export and Market Strategy - Currently, over 95% of the company’s products are sold domestically, with less than 5% exported. The company plans to increase export efforts as production capacity and product quality improve [4] Group 6: Research and Development - The company emphasizes product improvement and new product development, with non-woven wallpaper base paper generating approximately 30,000 tons in production and sales in 2016. Research on aramid paper is ongoing, with two patents obtained [5] Group 7: Industry Competition - The decorative base paper industry has seen increased competition since 2015. In response, the company reduced product prices in early 2016 to gain market share. However, due to rising raw material costs, prices were increased by 1,600 RMB/ton in November and December 2016, with an additional increase of 1,000 RMB/ton in February 2017 [5] Group 8: Financial Performance - The company anticipates a net profit decline of 40% to 60% for the full year of 2016 due to economic downturns, intensified competition, and rising titanium dioxide prices. The annual report is expected to be disclosed on March 25, 2017 [5] Group 9: Fundraising Activities - In September 2016, the company announced a non-public offering plan to raise no more than 500 million RMB for projects including 50,000 tons of solid color decorative base paper and 30,000 tons of non-woven wallpaper base paper. The plan was approved by the shareholders' meeting in October 2016 [5]