闰土股份(002440) - 2023年5月12日投资者关系活动记录表

Group 1: Financial Performance - In 2022, the company achieved operating revenue of 6.268 billion yuan, a year-on-year increase of 12.49% [4] - The net profit for Q1 2023 reached a historical low, attributed to declining product prices and reduced government subsidies [5] - The company's operating target for 2023 is set at 5.5 billion yuan in revenue and 700-800 million yuan in profit [4] Group 2: Stock Price and Market Value - The current stock price is below the net asset value per share, indicating a potential for price recovery [2] - The company has significant cash reserves but has not yet initiated a stock buyback program, which has raised concerns among small shareholders [3][5] - The management emphasizes that stock prices are influenced by various factors and are ultimately determined by the company's fundamental value [5] Group 3: Investor Relations and Communication - The company is committed to enhancing communication with investors and aims to create greater returns for shareholders [2] - Cash dividends have been the primary method of returning value to investors, with management considering stock buybacks based on market conditions [3][4] - The management acknowledges the importance of addressing small shareholders' concerns regarding stock prices and is focused on improving operational management [5] Group 4: Industry Outlook - The dye industry has faced increased competition, leading to a decline in gross margins and profitability [3][4] - The company plans to strengthen its core business and implement a backward integration strategy to enhance its industry chain [3] - Future growth points are expected to come from refining core operations and navigating the industry's cyclical nature [4]