Sirui(688102)2024-05-23 07:36Investor Relations and Communication - The company held an investor relations event on May 22, 2024, via an online platform, with participation from the general public [2] - Key executives, including the General Manager, Board Secretary, and CFO, participated in the event [2] - The company addressed various investor questions, including those related to partnerships, market performance, and future plans [2][3][4][5][6][7] Business Operations and Market Performance - The company's aerospace sector revenue is currently low but expected to grow as downstream business expands [3][4] - The company is developing a liquid rocket engine thrust chamber project, aiming to produce 300 tons of forgings, 400 sets of injector panels, and 1,100 sets of thrust chamber inner and outer walls annually [4][5][6] - The company is actively engaging with SpaceX to explore applications for its liquid rocket engine combustion chamber liners, though no commercial orders have been secured yet [4][6] - The company uses futures and options to manage the impact of rising copper prices on its operations [5] Strategic Investments and Partnerships - The company has invested 20 million RMB in Blue Arrow Aerospace and 10 million RMB in Tianhui Aerospace, both of which are involved in the development of liquid-fueled rockets and reusable rocket engines [7] - The company's products are used in liquid rocket engines, benefiting from the rocket launches associated with the construction of satellite networks by entities like Galaxy Aerospace [7] Future Plans and Goals - The company aims to achieve a year-on-year increase in non-GAAP net profit of more than 25%, with a target of over 40% [9] - The company plans to expand its international market presence, targeting a threefold increase in export business over three years, and is actively pursuing overseas acquisitions and the construction of a subsidiary in Thailand [9] - The company is focusing on advanced technologies such as hot isostatic pressing, 3D printing, and cold spraying to enhance its production capabilities and develop new materials like copper-chromium-niobium and copper-nickel-tin [9]