国瓷材料(300285) - 2018年7月20日投资者关系活动记录表

Group 1: Company Overview and Market Position - Shandong Guoci Functional Materials Co., Ltd. is focused on various ceramic materials, with a strong emphasis on product positioning and core technology [2] - The company has a market share of approximately 40% in the dental materials sector [4] - The company’s DPF (Diesel Particulate Filter) products are competitively priced at around 100 RMB per liter, with an average vehicle value of approximately 2000 RMB [3] Group 2: Business Segments and Growth Potential - The MLCC (Multi-Layer Ceramic Capacitor) segment is experiencing strong demand, with a price increase of 10-20% due to rising production costs since 2017 [3] - The automotive catalyst segment, particularly the honeycomb ceramics, is expected to grow rapidly due to stricter environmental regulations [2] - The company anticipates significant growth in the zirconia segment driven by new applications in mobile phone backplates [2] Group 3: Production Capacity and Efficiency - The company’s total production capacity is around 10 million liters, with a utilization rate affected by complex product structures [5] - The production yield for DPF and GPF (Gasoline Particulate Filter) has reached 90%, with ongoing improvements [4] - The company has automated production processes in its Dongying factory, enhancing efficiency and addressing thermal shock issues [3] Group 4: Competitive Landscape and Strategic Positioning - The company maintains long-term stable relationships with key clients like Samsung and Fenghua Gaoke, which helps mitigate price volatility in raw materials [3] - The company’s core competitive advantage lies in its comprehensive product range and high-quality standards recognized within the industry [4] - The market for honeycomb ceramics is highly concentrated, with over 90% being dominated by a few players, indicating high entry barriers [5]