国瓷材料(300285) - 国瓷材料调研活动信息

Financial Performance - In the first half of 2023, the company achieved operating revenue of 1.85 billion CNY, an increase of 6.91% compared to the same period last year [1] - The net profit attributable to shareholders was 319 million CNY, a decrease of 20.83% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 283 million CNY, down 22.14% year-on-year [1] - In Q2 2023, the net profit attributable to shareholders was 195 million CNY, with a quarter-on-quarter increase of 58% [1] - The net profit after deducting non-recurring gains and losses in Q2 was 182 million CNY, with a quarter-on-quarter increase of 81% [1] Business Segment Performance - Electronic Materials: Sales of MLCC dielectric powder products improved quarter-on-quarter [1] - Catalytic Materials: Synergistic effects began to show, with significant growth in products like honeycomb ceramics and cerium-zirconium solid solutions [1] - Biomedical: Accelerated overseas expansion, including an investment in DEKEMA in Germany, beneficial for the dental equipment sector [1] - New Energy Materials: Rapid increase in sales of alumina and barium stone, with a reduction in sales prices after cost improvements [1] - Precision Ceramics: The company is seizing opportunities in the application of ceramic bearing balls for 800V high-voltage fast-charging electric vehicles [1] Market Outlook and Investor Q&A - The MLCC dielectric material business is recovering, with a cautious optimism about industry recovery as downstream inventory returns to reasonable levels [2] - The dental business is expected to maintain stable growth annually, focusing on multiple product lines, internationalization, and high-end branding [2] - Recent anti-corruption measures in the medical industry have not impacted the dental business, as products primarily enter public hospitals through public bidding and agency methods [2] - The company is actively preparing for new production capacity in the cerium-zirconium product line, focusing on domestic substitution and international cooperation [3]