聚和材料(688503) - 聚和材料投资者关系活动记录表

Group 1: Financial Performance - In Q1 2024, the company achieved a revenue of 2.953 billion CNY, representing a 65.57% increase compared to the same period last year [3] - The net profit attributable to shareholders was 75.82 million CNY, a decrease of 38.80% year-on-year [3] - The net profit excluding non-recurring items was 83.65 million CNY, an increase of 37.25% compared to the previous year [3] Group 2: Product and Market Insights - The company shipped approximately 550 tons of photovoltaic conductive silver paste in Q1 2024, with N-type silver paste accounting for about 60% of the total shipments [3] - The market share for front silver paste reached 40%, while the back silver paste market share was 30% [5] - The company aims to ship 800-900 tons in Q2 2024, with N-type products expected to comprise 80% of the shipments [5] Group 3: Non-Recurring Items and Losses - Non-recurring losses amounted to 7.83 million CNY, primarily due to government subsidies and losses from participating in the Eastern Rising capital increase [3] - Major subsidiaries reported a combined loss of 19 million CNY in Q1 2024, with the silver powder segment alone losing 11 million CNY [4] Group 4: Strategic Focus and Future Outlook - The company is committed to increasing R&D investment to achieve high-end electronic silver powder and adhesive import substitution, with expectations of turning losses into profits in 2024 [4] - The company plans to maintain stable processing fees despite fluctuations in silver prices, focusing on efficiency improvements for clients [5] - The company has a silver inventory strategy to ensure a supply capability of 30-45 days, responding to rapid growth in customer demand [7]