高争民爆(002827) - 2018年5月10日投资者关系活动记录表

Group 1: Company Overview - The company focuses exclusively on the Tibetan market for its civil explosives products and does not serve areas outside Tibet [3] - The company has a complete integrated service system for production, sales, transportation, storage, and blasting operations, suitable for high-altitude safety management [3] - The company does not engage in military products [4] Group 2: Market Dynamics - The civil explosives market is experiencing increased competition due to price liberalization and demand reduction, leading to a shift from regional to national competition [5] - The company has adjusted its pricing strategy in response to market changes, which has affected its profits [4] - The demand for civil explosives in Tibet is expected to increase as infrastructure investment policies are gradually implemented [10] Group 3: Financial Performance - The company's gross margin is higher than that of other civil explosives companies due to its dual profit contribution from both production and retail [5] - The company reported a significant decline in Q1 2018 performance, primarily due to environmental and market influences [6] - The company is considering a dividend policy to reward investors despite the challenging market conditions [7] Group 4: Production and Capacity - The company has completed the technical transformation of its production lines, increasing the sales volume of gel emulsified explosives [6] - The annual production line for 30 million industrial detonators is still in the preliminary work phase and not yet operational [7] Group 5: Investor Relations and Communication - The company is planning to hold an investor communication meeting when conditions are favorable [4] - The company has established a comprehensive marketing network across Tibet, enhancing its market responsiveness and service capabilities [11] - The company encourages investor visits for research and guidance, avoiding sensitive periods [6]