According to Securities Star News, on April 15, 2024, Shenzhen Kangjia A (000016) announced that the company would hold a performance briefing on April 15, 2024.
The details are as follows:
Q: Apple and Tesla have one thing in common, that is, they concentrate huge resources on one point to create high-quality products, or they don't do it, and the products they want to do must pursue the ultimate, and ultimately rely on a few extreme products to support the market value of trillions of companies. Konka's juniors, Xiaomi, learned from Apple and Tesla, and it also went smoothly, and developed into a giant enterprise in a very short time, leaving Konka far behind. Can Konka learn from Apple, Tesla, and Xiaomi the guiding ideology of "concentrating resources on one point"? Instead of creating 100 low-quality and mediocre products, it is better to concentrate resources to create one high-quality product, what do you say?
A: Hello, thank you for your suggestion. In the future work, we will strive to learn from excellent peers and continue to provide consumers with high-quality products and services.
Q: Please give us an update on the company's white goods business.
A: Hello, thank you for your attention. In 2023, the company's white power business will be guided by market demand, guided by scientific and technological innovation, and lead all aspects of research, production, supply, marketing and service with products, adhere to high-quality thinking, adhere to quality-oriented, make products, refine and optimize products, and improve the ability to obtain gross profit of products. In terms of product capabilities, the company's new products such as 500-liter side-by-side refrigerators, Zhencai series washing machines, and Zhiyin series air conditioners have been launched one after another, and the Xinfei 509-liter free-embedded five-fold sterilization refrigerator has been mass-produced, and the dishwasher has entered the stage of small-batch production testing, and the gross profit of the white appliance business in 2023 will increase by 15.00% year-on-year. In terms of international business, the white power business made full use of the advantages of the China-Europe freight train, made every effort to explore the European market, focused on core customers, cultivated tens of millions of regional customers such as Russia, Germany, and West Africa, and achieved a significant year-on-year increase in overseas business revenue. In terms of manufacturing capacity, the per capita efficiency of the company's white appliance products continued to improve, initially established a dishwasher manufacturing capacity, orderly promoted the new smart factory of Xinfei refrigerators and freezers, built a full-category manufacturing capacity of "ice washing and cold empty kitchen", and introduced a number of strategic customers.
Q: One of the company's transformation goals is to develop the company into not a complete home appliance enterprise, but an enterprise with strong scientific and technological innovation capabilities, and even empower multiple fields. I would like to ask if there is a clear target plan for the proportion of the company's business in chip manufacturing, photovoltaic industry and other non-traditional fields that the company is involved in in the future company plan, and what stage of the implementation process is the current state of the company? Thank you.
A: Hello, thank you for your attention. In the face of the new stage of development, relying on the existing industrial foundation and development advantages, in 2023, the company will clarify the new development framework of "one axis, two wheels and three drives", of which "one axis" is to take electronic technology as the main axis of development and is committed to developing into a world-class electronic technology enterprise group with global competitiveness; "two wheels" is to take consumer electronics and semiconductors as the main line of development, and is committed to establishing and consolidating a business base with core barriers, and "three drives" is to "product-driven, manufacturing-driven, and international-driven" As the main engine, it will form a long-term development model with clear positioning, complementary advantages, and synergy, so as to promote the company's continuous optimization of resource allocation and professional integration.
Q: What is the gross profit of the company's main business in 2023?
A: Hello, thank you for your attention. In 2023, the company will be guided by market demand, guided by scientific and technological innovation, leading all aspects of research, production, supply, marketing and service with products, adhering to high-quality thinking, adhering to quality-oriented, making, refining, and optimizing products, and improving the ability to obtain gross profit of products. In terms of color TV, the company has completed the update and iteration of domestic products, and a total of 12 models in the four new product series have all entered mass production as planned;Export products focus on improving the level of intelligence,Google Android system has completed platform certification,2023The gross profit of color TV business will increase by 17.72% year-on-year。 In terms of white appliances, the company's 500-liter side-by-side refrigerator, Zhencai series washing machine, Zhiyin series air conditioner and other new products have been launched one after another, Xinfei 509-liter free-embedded five-fold sterilization refrigerator has been mass-produced, and the dishwasher has entered the stage of small batch production testing, and the gross profit of the white electricity business in 2023 will increase by 15.00% year-on-year. In terms of PCB, the company successfully achieved a significant increase in the number of stacked boards, inner and outer circuits and circuit production capabilities, and significantly increased the proportion of high-end products such as multi-layer boards and metal substrates, which promoted the completion of product lines and high-end products, and the gross profit of PCB business increased by 54.46% year-on-year in 2023.
Q: What impact will the rapid development of the AI industry have on the company's PCB business, and what is the development plan for the PCB business in 2024?
A: Hello, thank you for your attention. In 2024, the development plan of the company's PCB business is as follows: first, to use high-end intelligent factories and high multi-layer technology, HDI technical capabilities, and rigid-flex board capabilities to grasp the pace of production, develop strategic customers, and gradually form large-scale advantages; second, adjust the customer structure and continue to promote the upgrading of customer groups; third, through the R&D end to create high-quality products, based on new products, new materials, and new technologies, improve the R&D system, do a good job in the conversion and management of technological achievements, and continuously improve product competitiveness.
Q: The share price of B shares has been declining for a long time, and the current price is much lower than the net assets, and the current price is only 76 yuan. Please, is the company considering taking measures such as equity repurchase to stabilize the stock price, enhance market confidence and protect the interests of B-share investors?
A: Hello, thank you for your attention. At present, the company has no specific plan to purchase B shares, and in the future, the company will conduct research in accordance with relevant laws and policies, combined with the actual situation of the market and the company.
Q: The challenges facing the company on the financial side are obvious, and I think what steps the company will take now to ensure that the company's financial needs are increasing day by day, and whether the company's financial position in the future will be sufficient to meet the needs of transformation and operation in many aspects? Thank you.
A: Hello, thank you for your attention. The Company intends to take the following measures to ensure that its financial position meets the needs of transformation and operation: first, to promote asset revitalization, the Company will implement upgraded management for key asset revitalization projects in 2024, forming a working situation in which the headquarters will coordinate and revitalize the overall situation, business units will be implemented separately, and key projects will be upgraded; 。 In terms of cost reduction, the proportion of unified procurement will be increased, and the overall cost reduction will be transformed to the comprehensive cost reduction of procurement price reduction, procurement turnover management cost reduction, and cost reduction of procurement and product linkage integration.
Q: This year, the company lost 3 billion, now the company has a new profit growth point, and does it have any hope of profitability next year?
A: Hello, thank you for your attention. For the company's business development ideas in 2024, please refer to the company's 2023 annual report.
Q: Good leaders of the company, according to the new regulations, the company has no profit and no dividends, will it be ST next year?
A: Hello, thank you for your attention. According to the relevant provisions of the Shenzhen Stock Exchange's Rules for the Listing of Stocks on the Shenzhen Stock Exchange (revised in August 2023) on risk warning, the Company's shares will not be subject to risk warning. Guided by the development strategy of "one axis, two wheels and three drives", the company adheres to long-term value, adheres to the business strategy of being based on the long-term and focusing first on specialization and then strengthening, deepens professional integration, implements lean management, and promotes the high-quality development of the company.
Q: Do board members question the feasibility of the company's goals in the day-to-day operation and management of the company, and if so, are there effective ways to influence decisions at the top?
A: Hello, thank you for your attention. Before convening the relevant meeting, the members of the board of directors of the company will carefully review the various proposals deliberated at the meeting, and on this basis, exercise their voting rights independently, objectively and prudently at the meeting, especially for the company's major investment projects, operation management, the improvement of the company's internal control, etc., give full play to their professional knowledge and work experience, and put forward opinions and suggestions seriously and responsibly, so as to play a positive role in improving the scientific decision-making level of the board of directors and promoting the healthy development of the company.
Q: The company's grand strategy for transformation has been going on for several years, and its performance has not met expectations. I would like to ask if the company will continue to consistently implement the existing goals of transformation, or will it adjust its established strategy and adopt a more pragmatic attitude according to changes in market demand?
A: Hello, thank you for your attention. Guided by the development strategy of "one axis, two wheels and three drives", the company adheres to long-term value, adheres to the business strategy of being based on the long-term and focusing first on specialization and then strengthening, deepens professional integration, implements lean management, and promotes the high-quality development of the company.
Shenzhen Konka A (000016) main business: consumer electronics, semiconductors, material science and technology, industry and trade, etc.
According to the 2023 annual report of Shenzhen Kangjia A, the company's main revenue was 17.849 billion yuan, a year-on-year decrease of 39.71%, the net profit attributable to the parent company was -2.164 billion yuan, a year-on-year decrease of 47.15%, and the non-net profit was -2.914 billion yuan, a year-on-year decrease of 9.38%, of which in the fourth quarter of 2023, the company's single-quarter main revenue was 2.973 billion yuan, a year-on-year decrease of 40.69%, and the single-quarter net profit attributable to the parent company was -1.449 billion yuan, a year-on-year increase of 9.86%; The non-net profit deducted in a single quarter was -1.537 billion yuan, an increase of 3.22% year-on-year, the debt ratio was 83.51%, the investment income was 675 million yuan, the financial expenses were 562 million yuan, and the gross profit margin was 3.92%.
There are no agency ratings on the stock in the last 90 days. Margin data shows that the stock has a net financing outflow of 81,645,600 in the past three months, with a decrease in the financing balance, and a net outflow of 264,000 with a decrease in the balance of securities borrowing and lending.
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