光威复材(300699) - 2024年8月26日投资者关系活动记录表

Financial Performance - The company achieved a revenue of CNY 1.156 billion in the first half of 2024, a decrease of 5.53% compared to the same period last year [3] - Net profit attributable to shareholders was CNY 368 million, down 10.87% year-on-year [3] - Net profit excluding non-recurring gains and losses was CNY 324 million, a decline of 15.23% compared to the previous year [3] Segment Performance - The carbon fiber segment, including expansion fibers and Inner Mongolia Guangwei, generated sales of CNY 682 million, a decrease of 11.16% year-on-year [4] - The wind power carbon beam business in the new energy materials segment saw sales of CNY 249 million, an increase of 8.24% year-on-year [4] - The general new materials segment, including prepreg materials, reported sales of CNY 117 million, down 19.16% year-on-year [4] - The composite technology segment achieved sales of CNY 65 million, an increase of 14.53% year-on-year [4] - The precision machinery segment reported sales of CNY 34 million, up 120.10% year-on-year [4] Market Outlook - The carbon fiber business is expected to face challenges in the second half of the year due to delayed applications in certain fields and a decrease in prices for civilian fiber [6] - The carbon beam business is projected to perform better in the second half, with multiple product series and clients established [6] - The company anticipates stable demand for its products, with a 9% increase in per capita output value and a 2% decrease in labor costs compared to the previous year [6] Inventory and Receivables - Inventory growth is attributed to the purchase of raw materials for the Baotou project, with no abnormal turnover observed [9] - Accounts receivable are expected to remain stable, with some repayments made in the first half of the year [7] Product Development and Contracts - The company is progressing with the equivalence verification of the T800H production line, with plans to complete it within the year [4] - New contracts are expected to have defined prices, reflecting the stability of T300 grade fiber prices [8] - The company is cautious about exporting carbon fiber, despite having received approval for related preparations [9]