Group 1: Investor Relations Activities - The investor relations activities included an analyst meeting held on February 17 and 18, 2025, via a phone conference and at a physical location in Beijing [3] - Participating units included various securities firms and investment funds, with notable attendance from Kaiyuan Securities and Galaxy Securities [4] Group 2: Company Performance and Growth Areas - The company reported strong downstream demand, particularly in the energy and water conservancy sectors, with a focus on projects like pumped storage and conventional hydropower [4][5] - As of September 2024, China's cumulative hydropower installed capacity reached 430 million kW, projected to exceed 540 million kW by 2030 [4] - In 2024, national water conservancy investment reached a record high of 1.35 trillion yuan, with expectations for continued high levels in 2025 [5] Group 3: Financial Outlook - The company anticipates a slight increase in gross profit margin for 2024, with revenue from safety monitoring IoT solutions growing compared to the previous year [6] - The average dividend payout ratio since the company's listing in 2022 has been 68%, with total cash dividends amounting to 109.8742 million yuan [9] Group 4: Research and Development Focus - In 2025, the company plans to enhance R&D investments, focusing on core technologies such as fiber optic sensors and machine vision [7] - New product developments aim to meet market demands in various sectors, including transportation and water conservancy [7] Group 5: Industry Recovery and Challenges - The transportation sector's performance is recovering but has not yet returned to peak levels, with ongoing projects in lightweight monitoring and safety assessments expected to drive growth [8] - The company has noted a slight increase in bad debt provisions for 2024, but the impact on profits is expected to be minimal due to low risk from major clients [10] Group 6: Cautionary Notes - The report includes uncertainties regarding industry trends and technological advancements, advising investors to make informed decisions [11]
基康仪器(830879) - 投资者关系活动记录表