Group 1: Market Overview - The company's plant lighting power revenue accounted for a significant portion of total revenue in the first three quarters, with strong demand driven by the rapid development of the LED plant lighting market and tight raw material supply [1] - In the fourth quarter, plant lighting demand has slowed compared to previous expectations, influenced by winter pandemic fluctuations and the incomplete recovery of the overall U.S. economy [1] - The company has over 500 product models across three main application areas: plant lighting, industrial lighting, and outdoor lighting, which has diversified downstream customer demand [1] Group 2: Industrial Hemp and Future Trends - The legalization of industrial hemp is a catalyst for the LED plant lighting industry, positively impacting its development and driving applications in other planting areas [2] - The plant lighting market is currently concentrated in industrial hemp, with short-term demand fluctuations influenced by the North American industrial hemp market [2] - Long-term growth in the plant lighting industry is expected to be driven by the need for food crops, with domestic market development still in its early stages [2] Group 3: Industry Growth and Challenges - The mid-to-high power LED driver power sector is experiencing rapid growth, with significant export increases: industrial lamps saw a 63% year-on-year increase, while street lamps had an 18% increase in the first three quarters [2] - The company faces challenges from rising raw material prices, which have led to a slight decrease in gross margin compared to last year, although cost control measures have stabilized margins in recent quarters [2] - The overall trend of raw material prices has been volatile, with recent signs of stabilization, but future price changes remain uncertain [2]
崧盛股份(301002) - 2021年12月2日投资者关系活动记录表