正海磁材(300224) - 2024年5月15日投资者关系活动记录表

Group 1: Financial Performance - In 2023, the company achieved total operating revenue of 587,374.77 million yuan, a decrease of 7.05% year-on-year [2] - Operating profit reached 55,726.35 million yuan, an increase of 28.66% year-on-year [2] - Total profit amounted to 55,638.47 million yuan, up by 29.03% year-on-year [2] - Net profit attributable to shareholders was 44,750.52 million yuan, reflecting a year-on-year increase of 10.74% [2] - Basic earnings per share were 0.55 yuan, a growth of 12.24% year-on-year [2] Group 2: Q1 2024 Performance - In Q1 2024, the company experienced a revenue decline of 14.76% and a net profit drop of 33.66% compared to the previous year [3] - The decrease was attributed to significant price drops in rare earth raw materials and intensified industry competition [3] Group 3: Market Coverage and Product Application - The company has a project coverage rate of 90% with the top 10 international automotive brands and the top 5 domestic brands in the electric vehicle sector [3] - In 2023, the company's high-performance NdFeB permanent magnet materials were used in 449 million sets of energy-saving and new energy vehicle motors, marking a 29% year-on-year increase [3] Group 4: Pricing and Inventory Management - The pricing of products is primarily based on a cost-plus model, considering the complexity of manufacturing processes [3] - The company employs a "production-based procurement" strategy, ensuring stable supply channels and effective inventory management [3] Group 5: R&D and Technological Advancements - The company continues to focus on "high performance" and "rare earth resource balance" strategies, enhancing three core technologies [4] - In 2023, the coverage rate of grain optimization technology (TOPS) in products reached 90%, while the coverage for heavy rare earth diffusion technology (THRED) exceeded 80% [4] - Sales of ultra-light rare earth magnets increased by 190%, accounting for nearly 10% of the company's magnet product sales [4] Group 6: Share Buyback and Investor Relations - As of April 30, 2024, the company repurchased 1,230,960 shares, representing 0.1501% of total equity, to enhance investor confidence [4] - The company maintains strict adherence to information disclosure regulations, ensuring transparency and accuracy in communications with investors [4]