南亚新材(688519) - 南亚新材投资者关系活动记录表

Group 1: Company Performance and Financials - The company reported a profit increase in the first three quarters of 2024 due to continuous optimization of product structure and market expansion, with significant improvements in product sales, revenue, and gross margin compared to the previous year [2] - The total credit impairment loss and asset impairment loss confirmed in the first three quarters of 2024 amounted to CNY 13.0791 million, with inventory write-down provisions accounting for CNY 12.6907 million due to intensified market competition affecting gross margin [3] - The overall operating rate of the company is around 70%, with the N6 factory having released a capacity of 300,000 wafers [4] Group 2: Product Development and Market Expansion - The company has successfully developed and certified new generation AI server substrates, achieving industry-leading technology and entering small batch delivery phase, with market demand rapidly increasing [2] - In the packaging materials sector, the company has achieved small batch orders for Coreless, MiP, and eMMC, and is recognized by international smartphone brands for camera modules and fingerprint recognition [3] - The company has made significant progress in the photovoltaic sector, with its lead-free materials being applied in high-voltage photovoltaic inverters and undergoing testing for new generation 2000V systems [4] Group 3: Accounts and Inventory Management - In the first three quarters of 2024, accounts payable turnover days decreased by 18 days, while accounts receivable turnover days decreased by 23 days, indicating improved collection efficiency and market recovery [3] - Inventory turnover days remained stable, reflecting effective inventory management practices [3] Group 4: Strategic Initiatives and Future Outlook - The company is actively expanding into the AI PC/NB market, with its Mid loss+ materials being applied in flagship models of leading domestic AI notebook brands [5] - The company has established a local team to develop the Taiwan market and has gained recognition from several Taiwanese ODMs and North American terminal materials [6] - The company is focusing on high-end mDRAM, NAND Flash, and processor chips for future product development [3]