Zhejiang Jiemei Electronic And Technology (SZ:002859)2023-05-17 10:17Group 1: Company Overview - The company is Zhejiang Jiemei Electronic Technology Co., Ltd., with stock code 002859 and bond code 128137 [1]. Group 2: Investor Relations Activity - The investor relations activity was held on May 16, 2023, via an online platform to enhance communication with small and medium investors [2]. - Key personnel included Chairman and General Manager Fang Junyun, Secretary of the Board Zhang Jungang, and Financial Director Wang Qiong [2]. Group 3: Market and Product Insights - The company has a production capacity of 18,000 tons for self-produced base films, which can also be used in various products such as protective films and optical films [3]. - The high-end release film verification process typically takes 1 to 1.5 years from validation to bulk procurement [3]. - The current operating rate for mid-to-low-end release films is recovering, but remains low [3]. Group 4: Financial Performance and Projections - In Q1 2023, despite a significant drop in raw material prices, the company's performance still declined year-on-year due to limited price reductions in wood pulp and existing inventory [3]. - The company anticipates a 10-15% quarter-on-quarter growth in Q2, which is weaker than historical averages [3]. Group 5: Industry Position and Future Plans - The company aims to reduce reliance on the consumer electronics sector, which accounts for over 50% of downstream electronic component usage, by expanding into new business areas such as semiconductor carrier tapes and battery films [4]. - The company plans to continuously expand production of plastic carrier tapes based on customer order growth and enhance high-end product development to maintain stable profit margins [4]. Group 6: Product Application and Market Share - Approximately 60% of paper carrier tapes are used for MLCC, primarily in small to medium sizes, with cutting, punching, and pressing proportions at 9%, 70%, and 21% respectively [4].