扬帆新材(300637) - 2023年4月28日投资者关系活动记录表

Group 1: Financial Performance - The company reported a loss in Q1 2023 due to weak downstream demand, global inflation, geopolitical conflicts, and a decline in order volume compared to the previous year [1] - The average product prices have significantly decreased compared to the same period last year, impacting profitability [1] - The company is adjusting its production capacity structure in Inner Mongolia, with some products entering trial production, which has not yet effectively released capacity [1] Group 2: Business Strategy and Development - The company aims to become a leading supplier of light-curing new materials and application system solutions, focusing on the development of new photoinitiators and sulfur-containing fine chemicals [2] - The strategic plan includes three main areas: developing new photoinitiator products, innovating synthesis techniques in sulfur fine chemicals, and focusing on phosphorus-containing intermediates [2] - The company is actively expanding its upstream and downstream supply chains to achieve win-win cooperation [2] Group 3: Market Conditions and Risks - The radiation curing industry is currently in a cyclical downturn, with weak downstream demand affecting the company's photoinitiator business in the short term [3] - The company faces various risks, including macroeconomic and policy risks, production project risks, technological innovation risks, and raw material price fluctuations [3] - The export revenue accounted for 20%-30% of the company's total revenue in the past two years, but has decreased due to global economic downturns and geopolitical issues [3] Group 4: Operational Adjustments - The company is implementing measures to manage raw material cost fluctuations by adjusting production based on historical price trends and optimizing inventory levels [3] - The Inner Mongolia production capacity has not been effectively released due to weak downstream demand, but the company plans to rationally adjust its overall capacity structure [3] - The company is committed to improving production efficiency and reducing unit production costs to support global marketing and business expansion [3]