全信股份(300447) - 2021年10月29日投资者关系活动记录表

Financial Performance - The company's revenue for the first three quarters of 2021 reached 687 million CNY, an increase of 28.76% compared to the same period last year [2] - The net profit attributable to shareholders was 134 million CNY, reflecting a growth of 37.32% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 131 million CNY, up 40.85% year-on-year, achieving 120% of the full-year 2020 figure [2] Business Segmentation - In the military products sector, the revenue distribution for the first three quarters is approximately 45-50% from the aviation field, 20% from aerospace, 25% from electronics, and about 5% from naval applications [4] Capacity and Expansion - The company's production capacity is currently nearly saturated, with a fundraising of 320 million CNY completed in Q3, primarily aimed at expanding capacity to meet anticipated demand during the 14th Five-Year Plan [4] Research and Development - R&D expenses have significantly increased compared to the second and third quarters of last year, with ongoing investments aligned with national strategic priorities [4] - Key R&D focuses include lightweight and complex environment adaptability in aerospace cables, as well as advancements in optical transmission modules and connectors [4] Market Dynamics - The company’s main clients are primarily state-owned military enterprises and research institutes [5] - Accounts receivable in the military industry show a cyclical pattern, with a concentration of collections in Q4, although the situation has improved slightly compared to last year [5] Future Outlook - The company plans to maintain a strong focus on the aviation sector during the 14th Five-Year Plan, with clear production targets and a significant proportion of business expected to come from this area [5]