HUASHENG(605180)2024-06-04 09:07Group 1: Dividend and Financial Performance - The company approved the 2023 profit distribution plan on May 16, 2023, and will process the distribution matters within the regulatory timeframe [1][2] - In Q1 2024, the company's revenue reached 88.12 million CNY, a 54.65% increase year-on-year; net profit was 17.56 million CNY, an 88.55% increase year-on-year; and non-recurring net profit was 17.46 million CNY, a 95.26% increase year-on-year [2][3] Group 2: Project Updates - The annual production project for 5,700 tons of ultra-thin special capacitor film was approved on November 11, 2022, with an estimated construction period of 3 years due to land acquisition and equipment delivery delays [2][3] - As of the end of 2023, key equipment contracts and land use rights have been signed, and the project aims to complete the main construction of the factory by 2024 [2] Group 3: Research and Development - The company will enhance its core technology development and innovation capabilities, focusing on technical R&D investments in plastic composite materials [3] - Future R&D will prioritize the intelligent transformation of existing airtight material production lines and accelerate the construction of the ultra-thin special capacitor film project [3] Group 4: Market and Customer Insights - The company's products are primarily sold domestically, with some direct exports; customer distribution is broad and stable, although specific customer details are confidential [2] - The company is continuously expanding into emerging domestic and international markets to enhance product recognition and market share [4] Group 5: Market Performance and Risks - The decline in net profit in Q4 2023 was attributed to credit impairment losses and asset impairment losses [3] - The company's stock price fluctuations are influenced by various factors in the secondary market, and the company is committed to improving business competitiveness and sustainable development [3][4]