Kane shares: On April 17, a performance briefing was held, with the participation of investors

According to Securities Star News, on April 17, 2024, Kane Shares (002012) announced that the company would hold a performance briefing on April 17, 2024.

The details are as follows:

Q: The company has technology, equipment, R&D and market advantages in the field of high value-added paper-based functional materials. How can these advantages be reflected in specific products, and how can we further increase the market share and profitability of products through technological innovation and market expansion?

Answer: Dear investors, in terms of technological innovation, the company has established independent scientific research institutions and testing institutions, and has established "Zhejiang Postdoctoral Workstation", with 4 doctors in the station, and has been awarded the "Provincial High-tech Enterprise Research and Development Center", "Provincial Enterprise Technology Center", "Provincial Enterprise Research Institute" and other recognition, and has domestic advanced test equipment and paper performance testing equipment. Through long-term cooperation with domestic and foreign industry, academia and research, we have formed core technologies with independent intellectual property rights, and have obtained nearly 30 national authorized patents.

In terms of equipment production, the company has successively introduced key production equipment and online testing equipment with international advanced level from Germany, the United States, Italy, France and other countries, such as the German Siemens transmission control system, the American Honeywell quantitative moisture control system, etc., and has built a first-class special paper production line with leading technology in China, and the "Digital Smart Factory Project" has been successfully completed, and in 2023, it will be awarded the honorary title of "Zhejiang Smart Factory" issued by the Zhejiang Provincial Department of Economy and Information Technology.

In terms of market competition, the company has maintained stable cooperation with China Tobacco, McDonald's, KFC, Starbucks, Baowu, Jiugang, Kodak and other enterprises for a long time, and in 2023, it will be invited to participate in large-scale overseas paper exhibitions such as Bangkok Paper Exhibition in Thailand, Dortmund International Tobacco Exhibition in Germany, Surabaya Tobacco Exhibition in Indonesia, and Dubai International Tobacco Exhibition in the United Arab Emirates.

Q: In view of the decline in total operating income and net profit, please explain the specific situation that some of the company's assets are no longer included in the scope of consolidation. What are these assets, why are they no longer included in the scope of consolidation, and what are the implications for the company's business and financial condition?

Answer: Dear investors, during the reporting period, the company has completed the sale of the relevant assets of Lishui base and the 75% equity of the grandson company Kaifeng Special Paper and the industrial and commercial change procedures, and the above-mentioned companies are no longer included in the scope of the merger, resulting in a reduction in the scope of the merger. This transaction is a positive measure for the listed company to optimize its business layout and improve its sustainable development ability, with a significant decrease in overall costs and asset-liability ratio, a small impact on return on net assets, and a significant increase in cash reserves. For details, please refer to the analysis of major holding companies in the 2023 Annual Report.

Q: What is the main reason for the negative net cash flow from the company's operating activities?

Answer: Dear investors, it is mainly due to the reduction in the scope of consolidation caused by the disposal of subsidiaries in the current period, the year-on-year decrease in sales receipts, and the increase in raw material prices and other procurement expenditures due to the relatively low price of raw materials.

Q: What specific measures does the company have in terms of performance evaluation and incentive and restraint mechanism, and how to stimulate the enthusiasm of employees and promote the long-term development of the company through a reasonable incentive mechanism?

A: Dear investors, the company advocates a value-oriented performance culture and implements performance appraisal for employees. Employee income structures include fixed wages, performance-based short-term incentives, and long-term incentives. This compensation structure is designed to motivate employees to work and innovate, and create greater value for the company.

Under the authority of the Board of Directors, the Remuneration and Appraisal Committee is responsible for the individual remuneration appraisal of management. Evaluate according to the performance indicators set by the company and the assessment indicators or work performance at each stage to ensure the fairness, objectivity and transparency of the appraisal results. This appraisal method helps the company accurately measure the performance and ability level of employees, and provides a strong basis for salary adjustment and promotion.

Q: What are the company's specific plans and goals in strengthening production management, increasing R&D investment, optimizing procurement management, strengthening responsibility, promoting corporate culture construction and strengthening investor relations management?

A: Dear investors, please refer to the company's 2023 annual report for a detailed description of the company's future development and outlook. In terms of strengthening investor relations management, we have built an "investor communication ecological matrix" through platforms such as Interactive Easy, the company's official website, Flush, Oriental Fortune and Xueqiu, formed a borderless investment team with the management as the core, actively pushed the latest development of the settlement company for investors, issued announcements in a timely manner, helped investors further understand the overall situation of the company, and listened attentively to the voices of investors from all parties. The company communicates with investors through new media, and the total number of fans on the company's platforms has reached 1.26 million.

Q: Is there any pressure on the company's development due to the implementation of the new national nine articles?2, the company's market value has been hovering at a low level for so many years, which is weaker than that of the same industry. In the past two years, the company has announced that it will optimize the adjustment of its industrial structure, and strengthen and expand the company's market value through strategic transformation such as selling assets and acquiring high-quality assets. With the company's share price close to net assets, why not buy back shares to boost confidence?

Answer: Dear investors, the new "National Nine Measures" will help build a good market environment, maintain market stability, and encourage medium and long-term investors to hold stable shares, avoiding the risk of speculating on stock prices. This coincides with the company's strategic positioning, we have always followed the market value management concept of internal compliance governance and external compliance interaction, focused on enhancing our own value, protecting the rights and interests of shareholders, and effectively and reasonably selected capital tools according to the actual operation. Regarding the share purchase, we will pass it on to the management for deliberation. Thank you for your advice. 7. What is the trend of Kane's performance this year?

Dear investors, the company's current production and operation are stable and orderly, and the annual performance trend is affected by many factors, and financial data will be disclosed in accordance with regulatory rules. Please be aware of the investment risks.

Q: Hello, what kind of industrial chain and industrial ecosystem does the company expect to extend?

A: Dear investors, the company has always taken high-quality development as its core goal, anchored the "dual carbon" strategy, and adhered to the two major focuses of green governance and business innovation to enhance sustainable competitiveness. For the existing main business, we have efficiently completed the upgrading of the green production system, the digital transformation of smart factories, the certification of carbon footprint management, etc., and the core products continue to pass the FSC international green certification, leading the "paper instead of plastic".

Q: Why did the cash flow from operating activities suddenly decrease so much, and whether the negative net cash flow from operating activities would have an impact on the company's solvency, and whether the rapid decline in the company's operating income was also related to this

Answer: Dear investors, the negative net cash flow from operating activities is mainly due to the decrease in the scope of consolidation in the current period, the year-on-year decrease in sales receipts, and the increase in raw material and other procurement expenses in the current period due to the relatively low price of raw materials. The decrease in operating income was due to the completion of the related assets of the Lishui base and the sale of 75% of the equity interest in the grandson company Kaifeng Special Paper during the reporting period, resulting in a decrease in the scope of consolidation. Cash reserves increased significantly, the debt-to-asset ratio fell to 13%, and the solvency was strong. 10. Will your company's shareholders' meeting tomorrow increase dividends and complete the standard?

Dear investors, you can refer to the company's "Announcement on the 2023 Profit Distribution Plan" dated March 28, 2024 in detail. The company's dividend plan follows the provisions of relevant laws and regulations such as the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operation of Listed Companies on the Main Board (Revised in December 2023) and the Rules for the Listing of Stocks on the Shenzhen Stock Exchange (Revised Draft for Comments in 2024), and the company's dividend does not meet the standards.

Q: Is it possible for the company's shares to be ST

A: Dear investors, according to the current regulatory policy, there is no relevant situation for the company.

Q: Please, with the implementation of the nine articles of the new country, will the company increase dividends?

A: Dear investors, since the company's management team settled in 2019, it has insisted on paying dividends to shareholders every year, and the dividend ratio has continued to show a growth trend.

Q: What is the number of shareholders as of today?

As of April 10, 2024, the number of shareholders of the company is 33,613, thank you for your attention to the company.

Q: Hello Chairman, can you describe in detail what are the company's new growth projects and profit growth points in the future, and what are the prospects for the company's industry development?

Answer: Dear investors, from the perspective of fully protecting the interests of shareholders, the company's business focus at this stage is still around Kaifeng New Materials in Quzhou base, improving the quality and efficiency of its existing business, optimizing innovation, and green upgrading, so as to ensure the company's support and stability in the transformation process. At the same time, we will carefully identify new business development opportunities. In the current market environment, the board of directors and management do their best to avoid the adverse consequences caused by aggressive investment and make every effort to "escort" the company's development. Please be aware of the investment risks.

Q: The cash recovered from the sale of assets is still not in the bank account. Has it been transferred away by the controlling shareholder Zhongzhi?

Answer: Dear investors, the company attaches great importance to the security of funds, has a scientific and strict capital risk control mechanism, all monetary funds are safely stored in the bank account, and has not purchased any trust and other high-risk financial products;

Q: Please explain in detail the relationship between Kane and Zhongzhi Group and the actual controller, Xie Zhikun, and the impact on the company?

Answer: Dear investors, Kane shares strictly abide by the principle of "three separation, two independence" required by the regulatory rules, that is, the major shareholders are separated from each other in personnel, assets and finance, institutions and businesses are independent, and they have independent accounting, independent responsibilities and risks, and the company has always maintained independent and compliant operation under the leadership of the board of directors and management, and won the "Excellent Typical Case of Standardized Operation" and the "Excellent Board of Directors" of the Golden Round Table Award of Zhejiang Association of Listed Companies in 2022 and 2023 respectively.

Kane Co., Ltd. (002012) main business: high value-added paper-based functional materials and information technology services.

According to the 2023 annual report of Kane shares, the company's main revenue was 826 million yuan, a year-on-year decrease of 40.65%, the net profit attributable to the parent company was 47.4665 million yuan, a year-on-year decrease of 11.14%, and the non-net profit was -6.8386 million yuan, a year-on-year decrease of 198.61%, of which in the fourth quarter of 2023, the company's single-quarter main revenue was 157 million yuan, a year-on-year decrease of 52.13%, and the single-quarter net profit attributable to the parent company was -18.2741 million yuan, a year-on-year decrease of 63.46%; The non-net profit deducted in a single quarter was 8.4234 million yuan, an increase of 167.63% year-on-year, the debt ratio was 13.41%, the investment income was 59.1438 million yuan, the financial expenses were -8.7961 million yuan, and the gross profit margin was 16.93%.

There are no agency ratings on the stock in the last 90 days.

The above content is compiled by Securities Star based on public information, generated by an algorithm (Network Information Calculation No. 310104345710301240019), and has nothing to do with the position of this site, if there is a problem with the data, please contact us. This article is a compilation of data and does not constitute any investment advice for you, investment is risky, please make a cautious decision.