新兴铸管(000778) - 投资者关系活动记录表

Group 1: Financial Performance - The company's revenue and net profit have declined in 2023, primarily due to high steel industry capacity, decreased demand, and significant price drops, with rebar prices falling from 3870 RMB/ton at the beginning of the year to a decrease of 340 RMB/ton in Beijing and 392 RMB/ton in Shanghai [14]. - The industry is facing a loss rate exceeding 70% due to the supply-demand imbalance and insufficient project funding, leading to fewer new projects compared to previous years [14]. - The company reported a significant drop in dividends in 2023, with the amount halved compared to 2022, despite having a retained profit of 6.6 billion RMB at the end of 2023 [6][8]. Group 2: Market Strategy and Operations - The company is focusing on enhancing its market development efforts and optimizing service support through customized solutions and multi-base coordination to improve operational performance [5]. - The company aims to leverage its core competencies in talent, technology, market, and management to drive domestic industrial development and international expansion [2]. - The company is actively exploring strategic cooperation with various partners, including a strategic agreement with Dalian Chemical Institute to promote high-quality development [3]. Group 3: Shareholder Relations and Market Value Management - The company emphasizes the importance of market value management and aims to optimize value transmission while ensuring compliance with relevant laws and regulations [9][12]. - The management acknowledges the impact of macroeconomic conditions, industry trends, and investor sentiment on stock price performance, committing to improve operational management and achieve performance targets to provide stable returns to investors [11][12]. - The company has not yet signed any contracts that meet the disclosure requirements set by the Shenzhen Stock Exchange, which mandates disclosure for contracts exceeding 50% of total assets or annual revenue [5]. Group 4: Future Outlook and Challenges - The company is facing challenges in the steel and casting pipe industry, with no fundamental changes expected in the supply-demand situation in 2024 [13]. - The company plans to implement internationalization and cultivate new strategic industries in 2024, which are expected to drive future growth [15]. - The management is committed to addressing the concerns of investors regarding the company's performance and market strategies, ensuring that the interests of minority shareholders are prioritized [15].