Group 1: Company Overview - The company is Jiangsu Tongling Electric Co., Ltd., with stock code 301168 and abbreviation Tongling Co. [1] - The company focuses on chip junction boxes and diode junction boxes, utilizing low-pressure packaging technology for better performance and cost efficiency [2][3]. Group 2: Market Position and Clients - Major clients include leading component manufacturers such as Longi Green Energy, Hanwha Q CELLS, Trina Solar, and JA Solar [2][3]. - The company's market share was approximately 14.68% in 2021, with a target to produce 45 million chip junction boxes annually in the next three years [3][4]. Group 3: Cost Structure and Profitability - Material costs constitute a significant portion of the product costs, with cables being the highest component [3]. - The self-sufficiency rate for cable projects is nearing 70%, which is expected to gradually improve the gross profit margin [3]. Group 4: Production Capacity and Flexibility - The company's production capacity was about 50 million sets in 2021, showing a year-on-year increase [4]. - Production capacity is linked to the completion of technological upgrades and automation improvements [4]. Group 5: Product Acceptance and Pricing Mechanism - The acceptance of chip junction boxes is closely related to the market application of high-current components, with high customer recognition [3]. - Pricing is primarily based on a cost-plus principle, with adjustments made according to raw material market prices [4].
通灵股份(301168) - 2022年6月9日投资者关系活动记录表