Company Overview - Chongqing International Composite Materials Co., Ltd. was established in 1991 and focuses on the R&D, production, and sales of fiberglass and related products [2] - The company has a production capacity of over 1.21 million tons of fiberglass yarn and 100 million square meters of fiberglass cloth, ranking among the top three globally [2] Financial Performance - In the first nine months of 2023, the company reported a revenue of 5.283 billion yuan, a year-on-year decrease of 57.46% [2] - The total profit for the same period was 5.1 million yuan, reflecting a significant decline [2] Production and Cost Management - The company is implementing cost reduction measures across procurement, R&D, production, and sales [3] - New production lines will utilize advanced kiln structures and higher automation levels, aiming for industry-leading operational metrics [3] - The average lifespan of kilns is 8-10 years, necessitating upgrades to maintain efficiency [3] Market and Sales - The company’s production capacity in Chongqing exceeds 1 million tons, allowing for a balanced production and sales strategy [3] - Sales in February were lower due to the Spring Festival, but are expected to improve as downstream customers resume operations [3] International Operations - The company has established production lines in Brazil and Bahrain with a total design capacity of approximately 160,000 tons [3] - Both international operations are currently profitable and functioning normally [3] Future Plans - The company is advancing cold repair and technical transformation projects for its production lines [3] - Plans for stock incentive programs are under consideration, aligned with national policies to stabilize the financial market [3]
国际复材(301526) - 2024年3月5日投资者关系活动记录表