hlgf(002498)2024-11-30 01:48Financial Performance and Market Response - The company's stock price has been consistently low, with the price at 3.84 yuan in October 2024, compared to 5 yuan in December 2021 when the Shanghai Index was at 3700 points [3][6] - The company has 15 billion yuan in financial investments, primarily in low-risk bank deposits, which has been criticized for low returns compared to potential stock buybacks [6][7] - The company's dividend policy has been minimal, with a dividend of 0.0036 yuan per share, which has been criticized for underperforming bank deposit rates [4] Strategic Development and Industry Positioning - The company aims to become a leading international enterprise in the high-voltage and ultra-high-voltage cable industry, focusing on cable materials, accessories, and nuclear power station cables [2][5] - The company is actively pursuing mergers and acquisitions to expand its capabilities and market presence [1][2] - The company is focusing on hydrogen energy development, with a current hydrogen-to-electricity conversion efficiency of 52% [4][5] Operational Challenges and Responses - The company faced a significant decline in submarine cable production and sales in the first half of the year due to reduced domestic project starts and intense market competition [1] - The company has implemented copper and aluminum material hedging strategies to mitigate the impact of material price fluctuations [2] - The company is strengthening its overseas sales team and optimizing its international marketing mechanisms to improve overseas sales performance [3] Investor Relations and Corporate Governance - The company has been criticized for its lack of effective stock price management and minimal shareholder returns, with investors questioning the company's commitment to shareholder value [3][4][6] - The company is considering introducing strategic investors to optimize its equity and governance structure [6] - The company has been transparent about its financial management and compliance with regulatory requirements, despite criticisms regarding its financial strategies [4][6] Future Outlook and Growth Opportunities - The company anticipates significant growth opportunities in the transition to low-carbon, green, and clean energy sources, with a focus on wind and solar energy investments [3][4] - The company is investing in digital transformation and cost reduction initiatives to enhance operational efficiency and support long-term growth [5] - The company is exploring new profit growth points, including advancements in hydrogen energy technology and the expansion of production capacities in key areas [5][6]