Taihe Technology(300801. SZ) announced on April 12, 2024 that on April 12, 2024, Taihe Technology accepted the institutional investigation, and the chairman, acting secretary of the board of directors and chief engineer: Cheng Zhongfa, director and general manager: Yao Ya, independent director: Jiang Hongqing, independent director: Li Tao, and financial director: Yan Xiu participated in the reception and answered the questions raised by the research institution.
The main contents of the survey:
This annual results briefing does not involve material information that should be disclosed.
The company replied to the questions raised by investors in this briefing:
1. Since the listing, the company's stock price is lower than the issue price, although the company is also increasing its holdings, but the stock price is still sluggish.
2. Is there no live broadcast of the performance statement conference?
There is no live streaming, thank you for your attention!
3, 1, Taihe technology from the listing to today's market value has been shrinking, although also repurchased, but the effect is little, we believe that the repurchase is useless if not written off, on the surface of the cancellation may be a major shareholder loss, but the reduction of share capital, income to help the market value rise, in fact, is a win-win situation, it is strongly recommended to cancel the repurchase of shares. 2. The dividend is too weak, although it is necessary to remove the right, but at least it is an attitude. 3. It is necessary to speed up the full production of the raised funds into the project.
Thank you for your suggestions on the company's repurchase and dividends, we will continue to promote the main business bigger and stronger, solidly promote the construction of fundraising and investment projects, and comprehensively use various means to increase feedback to investors.
4. Hello Mr. Cheng, my side is "Bubble Finance", the company's gross profit margin of sales will decline in 2023, how to remedy it in the new year?
The company will actively explore new application fields of water treatment agents, make the projects under construction reach production and efficiency as soon as possible, and actively prepare for new projects to maintain the company's sustainable and stable development. Thank!
5. Does the company's aldehyde resin have any plans for mass production this year?
Please pay attention to the later announcement of the project progress, thank you for your attention!
6. There is no picture
Because it's not a live broadcast, there is no picture, thank you for your attention!
7. Hello, does the company have products and technologies that can be applied to solid-state batteries?
Thanks to your suggestion, the company will pay more attention to solid-state battery related technologies.
8. Hello, the company continues to be in a downturn, the company should further increase the repurchase efforts, does the company have further repurchase plans and measures?
The company's stock price was sluggish for a while, and the company made two buybacks, and we will carefully consider your suggestions later. Thank!
9. The company's stock price trend continues to be sluggish and falls, and it will immediately enter the transfer period.
Thanks for the suggestion!
10. The just-released Article 9 of the country, one of which is to "guide listed companies to cancel the shares after repurchasing them in accordance with the law", I hope we can play an exemplary role in changing the use of the shares repurchased in the second phase and changing them to cancellation. Thank you.
Thanks for the suggestion!
11. Can I increase the dividend ratio, for example, to 40%?
The purpose of the company's use of part of the profits to expand reproduction is to improve the company's sustainable profitability, so as to better return investors and society. Thanks for the suggestion!
12. Are the company's fundamentals a little better than last year?
The first quarter performance forecast is expected to increase, thank you for your attention!
13. Please introduce the company's production and technical reserves in trimellitic anhydride (TMA), thank you
For the time being, there is no production and technical reserve for trimellitic anhydride (TMA). Thank!
14. The company added a large number of R&D personnel and R&D projects last year, how to transform R&D investment into benefits in the future?
The purpose of R&D is to transform, and we are increasing the speed of R&D while increasing the number of engineers and technicians to speed up the progress of project transformation. Thank!
15. The two projects of lithium iron phosphate and VC have been delayed for more than a year, and every time shareholders ask questions, they are answered in a flickering way (including today). Can you simply ask a Q&A: 1. Is the project still ongoing? 2. If the answer is yes, when will it be officially put into production?
Answer: 1. Yes, 2. It is not convenient to answer here.
16. The two projects of lithium iron phosphate and VC have been delayed for more than a year, and every time shareholders ask questions, they are answered in a flickering way (including today). Can you simply ask a Q&A: 1. Is the project still ongoing? 2. If the answer is yes, when will it be officially put into production?
Answer: 1. Yes, 2. It is not convenient to answer here.
17. Does the company have any measures to bring the stock price back up in 2024?
The company will continue to focus on its main business, improve its performance, consolidate its position in the industry, strive to expand new areas, make projects under construction reach production and efficiency as soon as possible, and actively prepare for new projects, so that the company can maintain its ability to maintain sustainable growth. In the future, the company will continue to standardize corporate governance, earnestly fulfill social responsibilities, strengthen core competitiveness, adhere to steady operation, continuously improve profitability, and promote high-quality development of the company. We will actively communicate with the capital market, so that the capital market can have a deep understanding and explore the value of Taihe Technology, so that more investors can choose and invest in Taihe Technology.
18. Hello chairman, what are the outstanding leading advantages of the company in terms of production technology and products?
The continuous, intelligent and unmanned production technology of water treatment chemicals makes the investment per ton of products lower than that of peers, less employment, low energy and material consumption, and high and stable product quality.
19. Hello, the company has been listed for so long, from the statement, it is an excellent company, but the stock price has fallen below the issue price, although the company has increased its holdings, why not cancel the increased shares?
Thank you for your suggestion, we will consider your suggestion carefully. Thank!
20. What is the reason for the sharp decline in the gross profit margin of domestic sales in 2023The sharp decline in the gross profit margin of domestic sales in 2023 is caused by the intensification of market competition and the decline in product prices.
21. Whether Taihe's financial report is fake
Taihe Technology operates in line with all legal principles, and the first article of the company's red line system is "providing false information and other fraudulent behaviors", and it will be fired. For the time being, the company cannot find a counterfeiter, and the company will not violate its own principles of life for economic interests.
22. Is the decline in the company's annual report performance and the increase in the first quarter report due to the fluctuation of the company's product prices?
The growth in the first quarter was mainly due to the increase in sales volume, thank you for your attention!
23. The cathode material project has been done for a year or two, and it hasn't been done well?
First of all, I am very sorry, the cathode material lithium iron phosphate project has been delayed for too long, mainly because the equipment cycle of each transformation is relatively long, and we will complete the trial production as soon as possible and bring high-quality products to the market as soon as possible. Please pay attention to the follow-up announcement for the progress of the relevant project.
24. Hello chairman, please introduce your company's production and technical application of lithium bis-trifluoromethane sulfonimide (LiTFSI)~
The company's "Research on Lithium Bistrifluoromethylsulfonimide (LiTFSI) Synthesis Technology" project is still in the small-scale test stage. Please pay attention to the company's follow-up announcement on the progress of the project.
25. How does the company evaluate last year's performance?
In 2023, the company will be affected by the overall environment, especially the decline in the price of chemical raw materials, and its profitability will decline, and through the joint efforts of all employees of the company, although the profit in 2023 has declined, after a year of hard work, it has bottomed out from the data in the first quarter of 2024.
26. How many projects are currently under research?
By the end of 2023, the company has 117 projects under development.
27. Can we reverse the decline in performance this year?
After a year of hard work to adapt and adjust, from the data of the first quarter, it has bottomed out, and we will work harder in the next three quarters to strive to return the majority of investors with excellent performance.
28. Do we export water treatment products?
At the beginning of its establishment, the company has exported products, and the number of export products in 2023 will be 131,200 tons, and the export revenue of water treatment chemicals will account for 60.09%.
29. Introduce the current situation of the new hydrogen material project.
The hydrogen new material project is currently running normally, liquid chlorine is currently not subsidized, and phosphorus trichloride is running stably.
30. As a firm minority shareholder of the company, I hope that in 24 years, the company can invite more public fund companies, private equity funds, investment companies, etc. to the company for inspection and exchange. Thank you.
Thank you for your suggestion, we will actively communicate with the capital market, so that the capital market can deeply understand and explore the value of Taihe Technology, so that more investors can choose Taihe Technology and invest in Taihe Technology.
31. Is it convenient to explain the downward pressure on the financial situation faced by your company, and the general decline in the price of chemical raw materials has had a negative impact on the company's profitability and has not put pressure on the company's financial situation.
32. Mr. Yao, hello, although the company does not directly sell products to terminals, this does not mean that there is no need to understand the changes in the needs of end customers, the company seems to be not doing well in this regard, and every time investors ask questions, they can not answer well. Now that the company has abundant production capacity, if it can fully tap the needs of end customers and seize opportunities in emerging fields, it will be helpful to improve performance.
Although Taihe Technology does not do terminals, we have been working closely with customers, actively understanding the needs of end customers, and grasping the terminal market more accurately.
The existing business strategy is to protect the healthy development of the industry, and the second is to improve the company's profitability to return to the majority of investors.
33. Is it possible for the company to jointly produce sulfide to produce solid-state battery electrolytes with Qingdao Institute of Energy, Chinese Academy of Sciences?
For the time being, the company has not jointly produced sulfide to produce solid-state battery electrolytes with Qingdao Institute of Energy, Chinese Academy of Sciences. The company itself is also doing research and development of lithium-sulfur batteries and iron-sulfur flow batteries, please pay attention to the follow-up announcement for the progress of related projects.
34. Mr. Cheng, hello, in the past few years, your company has given people the impression of seeking progress in stability, but now the three profit points, because of competition and price, the profitability of water treatment chemicals is declining, caustic soda is at a loss, lithium iron phosphate and VC can not be put into production, this status quo makes investors feel very confused, I don't know how the company will become bigger and stronger in the future, and the valuation will go up to the level of tens of billions?
First, the water treatment chemicals have encountered a decline in profits caused by the decline in raw materials, and hope to get out of the trough as soon as possible through more than a year of adjustment; second, chlor-alkali will turn losses into profits as soon as possible with the blessing of self-produced phosphorus trichloride; third, lithium iron phosphate and VC will reach production and effect as soon as possible. We will make more efforts to make the company's three profit points work together as soon as possible to repay the trust of investors in Taihe Technology.
35. Cheng Dong, hello, the company's lithium iron phosphate and VC track has a lot of excellent peers, these peers have capacity advantages, technical advantages, customer advantages, cost advantages and first-mover advantages, the company as a recruit, how to compete with them?
It is precisely because of the excellent peers you mentioned, so Taihe Technology has been constantly technological transformation in recent years, and is trying to catch up, thank you for your attention!
36. Hello Cheng Dong, your company's lithium iron phosphate and VC projects have been in trial production for a long time, is the company going to give up these two projects? If not, how long will it take to be officially put into production?
First of all, I am very sorry, the two projects of lithium iron phosphate and VC have been delayed for too long, mainly because the equipment cycle of each transformation is relatively long, and we will complete the trial production as soon as possible to bring high-quality products to the market. Please pay attention to the follow-up announcement for the progress of the relevant project.
37. As Japan's nuclear sewage will soon reach the coast of the mainland, can the company, as a leader in the global water treatment agent industry, develop corresponding technologies and products for the treatment of nuclear wastewater?
Thank you for your suggestion, we will actively pay attention to the relevant products and technologies in this field.
38. Mr. Yao, does the company have any target plans for revenue and product sales this year?
How is the application field of water treatment agent products expanding?
The company has a plan for revenue and product sales, and we will work hard to actively expand the application field of our products and strive to achieve the set goals.
39. Mr. Cheng, under the circumstance that the company's value is seriously underestimated, what measures will the company take in the future to maintain the company's reasonable value and market value?
The company will continue to focus on its main business, improve the company's performance, consolidate its position in the industry, and strive to do a good job in operation and management, strengthen communication with investors, and actively convey the company's value to boost the performance of the capital market. In the future, the company will continue to standardize corporate governance, earnestly fulfill social responsibilities, strengthen core competitiveness, adhere to steady operation, continuously improve profitability, and promote high-quality development of the company.
40. Hello Cheng Dong, can the company's lithium iron phosphate project be put into operation in the first half of this year?
Hello, the company is actively promoting, the progress of the project is inconvenient to disclose here, please understand!
Please pay attention to the follow-up announcement for the progress of the relevant project.
The above content and data have nothing to do with the position of the interface and do not constitute investment advice. Do so at your own risk.
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