蒙娜丽莎(002918) - 2023年11月29日投资者关系活动记录表

Group 1: Market Overview - The real estate industry is currently in a downward cycle, with expectations that it will not return to previous high growth rates. The company is managing risks in its renovation projects and focusing on strategic contracts [1] - Despite government policies aimed at stabilizing the real estate market, liquidity issues persist, and consumer demand for housing has not fully recovered, leading to a decline in real estate sales and collections [1] - The domestic real estate sector remains significant, with ongoing demand for building ceramics, and the industry concentration is increasing [1] Group 2: Financial Performance - For the first nine months of 2023, the company achieved consolidated revenue of CNY 454.5 million, a decrease of 3.17% year-on-year, while net profit attributable to shareholders rose by 190.35% to CNY 333 million [2] - The company's distribution channels have shown stable growth, with revenue from distribution channels reaching CNY 289.82 million, up 9.13% year-on-year, while strategic engineering revenue decreased by 17.23% to CNY 164.68 million [2] Group 3: Competitive Landscape - The ceramic industry is experiencing a slow capacity clearance compared to other sectors like cement and glass, with some leading companies expanding capacity despite overall industry challenges [2] - Competition remains fierce, with some product prices declining during periods of reduced demand, and the industry faces competition not only from within but also from substitute products [2] Group 4: Corporate Mission and Values - The company's mission is to beautify architectural spaces and create greater value for employees, customers, and society, which is reflected in its policies and practices [3] - Employee value is emphasized through competitive compensation, personal growth opportunities, and a supportive work environment [3] Group 5: Strategic Initiatives - The company has previously implemented stock incentive plans to motivate management and key personnel, ensuring steady performance and alignment with strategic goals [3] - There are considerations for overseas expansion and potential mergers or acquisitions to mitigate the impact of tariffs and trade barriers, although no immediate plans for foreign production bases have been established [3][5] Group 6: Environmental Considerations - The company is monitoring developments in carbon trading regulations, particularly in Guangdong, where building ceramics will be included in the 2024 carbon trading directory, which may increase operational costs and reshape industry competition [6][7]