Yuefeng Aluminum Technology released a record of investor relations activities on November 7, and the company accepted 16 institutions on November 6, 2023, and the types of institutions were insurance companies, other companies, fund companies, securities companies, and sunshine private equity institutions. Main contents of Investor Relations activities:
Q: What are the main businesses of the company?
A: 1, automotive thermal management system aluminum business In the field of thermal management system, the company's products mainly include automotive cabin thermal management system, power thermal management system, battery thermal management system with liquid cooled aluminum, committed to meet the field of high heat dissipation efficiency, low leakage, high pressure, high sealing, long life, lightweight requirements. As an important supplier in the field of global automotive thermal management system, the company has become the partner of Denso, MAHle, Valeo, Contitech, Hanang, Wandu, Sanhua Intelligent Control (002050), Silver Wheel Shares (002126), Ferdi Technology, Shanghai Auto Parts (603107) and other head customers. In the global automotive thermal management precision pipe products market share. 2, Automotive lightweight system aluminum business In the field of automotive lightweight systems, the company's products mainly include lightweight aluminum materials and parts for chassis systems, body systems, three electric systems and sensing systems, and is committed to meeting the continuous requirements of collision safety, strength, stiffness, batch stability and lightweight in this field. To provide key help for automobiles, especially new energy vehicles, to achieve low carbon, safe, lightweight and intelligent. As an important aluminum supplier in the field of automotive lightweight, the company's product application terminals include many models of BYD (002594), Ideal, Xiaopeng, NIO, Toyota, Mercedes-Benz, BMW, Volkswagen and other brands. In the field of lightweight aluminum for vehicle gauge level, Especially in the automotive chassis system suspension arm, body electronic stability system ESP valve body and other products market occupy the world's leading share. 3. With the first-mover advantage and customer accumulation in the field of automotive lightweight, the company continues to develop in depth in the field of automotive, especially in the field of new energy vehicles, and provides customers with integrated services from lightweight materials to system component manufacturing. At the same time, under the background of "energy saving and dual carbon", energy storage systems, charging pile facilities, data servers and other industrial thermal management fields put forward small, lightweight, more efficient and more energy-saving upgrade requirements for heat dissipation performance. With the deep development in the field of thermal management systems, especially liquid cooling systems, the company will comply with the industry trend. Actively help industry customers to realize the deepening requirements of product upgrade iteration and application innovation, and grasp the opportunities of The Times. At the same time, in the aerospace, Marine engineering, robotics, hydrogen fuel cell and other industries to usher in domestic substitution, independent control, upgrade iteration and other important industrial policies, will bring new opportunities and challenges for the company's ultra-high strength aluminum alloy materials and components development and comprehensive services, promote the company's product matrix structure upgrade, industrial layout continuous optimization.
Q: How is the company operating in the first three quarters of 2023?
A: In the first three quarters of 2023, the company achieved a net profit of 397 million yuan, an increase of 33.48%. In the third quarter of 2023, the company achieved a net profit of 168 million yuan, an increase of 48.69% over the same period last year. The sales volume of products supplied by the company in the fields of automotive thermal management system, automotive lightweight system and aviation continued to increase, among which the sales volume of aluminum products reached 66,888 tons, an increase of 11.87%. The sales volume of parts and components reached 3,465 tons, an increase of 161.28%, which increased from the second quarter of 2023, and the overall product structure continued to optimize. During the reporting period, the company focused on strategic objectives, firmly developed confidence in development, grasped the opportunities of the era of industrial upgrading and restructuring, continued to deepen the automotive market, especially the thermal management system and lightweight system of new energy vehicles, and actively developed business in emerging fields such as auto parts, industrial thermal management, and aviation. With deep accumulation in the field of materials and customer market first-mover advantage, through increasing research and development investment, continue to carry out product performance optimization and application innovation, to provide customers with integrated services from material development to component manufacturing; On the other hand, the company continues to promote low-carbon and efficient production capacity investment and construction at the capacity end, laying a solid foundation for the company's horizontal application expansion and comprehensive layout in depth.
Q: How is the company doing in the aerospace sector?
A: The company's aerospace products are mainly high-strength aluminum alloy materials for aircraft hydraulics, braking, sealing, heat exchange, cabin doors, seats and other systems. Aerospace is an important field that the company has actively deployed and expanded in recent years. Through the continuous construction of aviation quality management system standards, participation in the formulation of national industry standards, and development of new materials and products, the company has obtained the certification and batch supply of aircraft under the Aviation Industry Corporation of China Limited. Meet the demand for import substitution and continuous upgrading of key component materials in this field; At the same time, the company attaches great importance to the development of the domestic civil aviation industry, and timely layout of relevant fields to help the independent and controllable development process of China's aviation industry.
Q: How will the company's future capacity layout be?
A: The company will seize the opportunities brought by the new development of high-end aluminum application industries such as automotive and aerospace, and plans to achieve about 600,000 tons of high-performance aluminum production capacity and supporting parts manufacturing capacity in the next three to five years; Continue to build a more scientific governance structure and governance mechanism, consolidate the cornerstone of standardized operation, and help the company's long-term high-quality development; Fully focus on the market, take the industry development trend and customer potential demand as the guidance, adhere to scientific and technological innovation, continue to optimize product structure and build core competitiveness; With global thinking, optimize the layout of production capacity, close to green energy areas, shorten the supporting radius of customers, and meet the requirements of long-term sustainable development; Optimize organizational structure, reserve talent echelon, and provide guarantee for the rapid development of the company; Make full use of digitalization, automation and intelligence to empower management and further improve management efficiency; Continue to promote ESG actions to build environmentally friendly enterprises; Make full use of the advantages of the capital market and the listed company platform to promote the company to continue to grow bigger and stronger in the trend of industrial change and development.
Q: What is the company's profit distribution for 2023?
A: On May 26, 2023, and September 15, 2023, the Company completed the implementation of profit distribution for the year 2022 and the half year 2023, respectively. Among them: Profit distribution for the year 2022, based on the total share capital of 1,250,169,663 shares of the Company as of April 21, 2023, deducting 1,222,132,309 shares of the Company after the repurchase of 28,037,354 shares of the Company's special securities account, shall pay a cash dividend of RMB2.50 (including tax) for every 10 shares to all shareholders. A total of 305,533,077.25 RMB was distributed; No share giveaway; Not to convert surplus funds into additional capital. Profit distribution for the half year 2023, based on the total share capital of 1,250,169,663 shares of the Company as of August 18, 2023, deducting 1,222,132,309 shares of the company after the repurchase of 28,037,354 shares of the Company's special securities account, shall be paid a cash dividend of RMB1.60 (including tax) for every 10 shares to all shareholders. A total of RMB 195,541,169.44 was distributed; No share giveaway; Not to convert surplus funds into additional capital.
Q: How does the company retain core talent, establish a long-term core assessment mechanism to ensure the company's overall business performance objectives and motivate employees?
A: In order to further establish and improve the company's long-term incentive mechanism, attract and retain outstanding talents, fully mobilize the enthusiasm of the company's employees, and effectively combine the interests of shareholders, the company's interests and the personal interests of the core team, the company shall, in accordance with relevant laws, regulations, policy documents and the actual situation of the company, The First Phase of the Company's Stock Option and Restricted Stock Incentive Plan (Draft) has been formulated, in which the performance evaluation criteria formulated in the incentive plan are as follows: the three exercise periods are based on the deduction of non-recurring net profit in 2022, and the growth rate of net profit excluding non-recurring profit and loss in 2023 shall not be less than 20%. The growth rate of net profit excluding non-recurring profit and loss shall not be less than 40% in 2024, and the growth rate of net profit excluding non-recurring profit and loss shall not be less than 60% in 2025. The plan has been reviewed and approved by the company's shareholders' meeting, and is currently actively promoting related work such as awarding.
