On 2021-08-27, Shuangxing New Materials (002585) issued an announcement that: Yihe Jiufu Luo Yuntao, Yihe Jiufu Min Hongwei, Lingjun Asset Rong Zilong, Zhao Zhifeng of Lingjun Asset, Xiao Yuqi of Chang'an Fund, Li Xuetao of Huatai Berry, Liao Chenxuan of Chunhou Fund, Wang Tao of CITIC Juxin, Zhang Zhichen of Banxia Investment, Zhu Cangyang of Southern Fund, Jiang Ming of Guosen Securities, Liu Wenwen of Anxin Securities, Song Wenjia of Quantitative Thinking Investment, Zeng Weijiang of Zhenke Fund, Cao Yang of Heqi Investment, Yang Shuo of Heqi Investment, Wu Xiaotian of Elephant Assets, Gu Zhiye of Fenghe Asia, Yang Chunzi of Huaneng Trust, Yang Xinyue of Huachuang Securities, Pang Tianyi of Huachuang Securities, Li Shouqiang of Junmao Capital, Shen wanling Xinguwu, He Zenghua of Changxin Fund, Wang Yang of Pengyang Fund, Wang Zhen of Yihui Resources, Wang Takihao of Xinchao Capital, Wu Zhiqiang of IFC Fund, Wang Wenbin of Evergreen Foundation, Qiu Wenyan of Industrial Securities, Feng Jun of Valoran Assets, Bian you of Mingya Fund, Wu Jiaming of Tom Lee Technology, Zhang Wenlong of Huachuang Securities, Liu Maoyu of Korean Investment Trust, Fu Kaiming of CICC, Wan Xuanxuan of Conmand Capital, and Wang Minghui of Guojin Securities , Fengjing Capital Chen Hualiang, Jingdao Fund Song Jin, Hangzhou Chengkai Wu Jinghua, Hangzhou Chengkai Gong Shuai, Guotai Fund Miao Qi, Zhenke Fund Zhang Cong, Zhuoshang Asset Cao Shangzhou, Beiquan Investment Gong Yuqi, Zhonggang Rongxin Li Xiaoli, Shenwan Hongyuan Dai Chenyang, Ruijun Asset Liu Li, Harmony HuiYi Wang Chengqiang, Yidian Capital Fu Xiaochun, Yidian Capital Zhou Weiguo, Yidian Capital Jiang Feng, Panze Asset Ma Yuteng, Fusheng Asset Zhou Ruijian, CITIC Construction Investment Peng Yan, Xingquan Fund Xue Yiran, CMB Wealth Management Zhu Zhuangming, Yan Shumeng of Wudi Investment investigated our company on 2021-08-26, and this survey was received by Chairman Wu Peifu, Secretary of the Board of Directors Wu Di, and Representative of Securities Affairs Hua Bud.
The main contents of this survey are:
The visitors visited the factory to observe the company's new production lines and new products, feel the corporate culture, understand the company's development history, and the company's contribution to society in the process of enterprise development.
First, for optical display and non-display materials for market development and product introduction.
Second, the chairman introduced the current development of the enterprise and the next step of strategic planning.
Third, on-site communication, the main communication issues are as follows:
1. What are the main reasons for the company's gross profit margin improvement? Can gross margins continue to be maintained? A: The gross profit margin of DoubleStar New Materials in the first half of this year continued to increase steadily, and the growth will continue. First of all, the overall efficiency was improved in the technical transformation, and a number of technical transformations were carried out. The second is that due to the production and sales of the new material business and the production capacity of 500,000 tons, the proportion of sales revenue of new materials is increasing rapidly. At the same time, the company continues to develop new products, structural optimization to the middle and high-end, so that the overall profitability and gross profit margin has been greatly improved.
2. With the continuous production of the second phase of the optical film project, the incremental production capacity of Double Star New Materials this year is more, how is the market digestion of the new capacity of several major business sectors at present? A: In recent years, Shuangxing New Materials has continuously increased its investment in research and development and accelerated market expansion. At present, new materials have become the mainstream business of enterprises. The rapid development of the new materials business has enabled the overall enterprise efficiency to achieve rapid growth. In particular, with the production of the second phase of the optical film project, the company will make full use of the previous market resources and the products that have been developed to achieve new market docking, so that the project can quickly dock with the market. The company's current order delivery cycle is long, the production line is fully produced and sold, and the scheduling is more than 3 months.
3. Technical barriers to optical materials? A: As one of the most important strategic materials at the front end of the optoelectronic industry chain, optical substrates have high technical barriers, and the production of optical substrates has high requirements for raw materials, processes, equipment, workshop cleanliness, etc. Optical film substrates for diffusion films require excellent surface finish; For optical substrates used to brighten film substrates, the performance requirements for optical substrates are more stringent, and they need to have a more excellent and demanding surface finish. The company has built its own optical base 3-material production line and has achieved mass production, breaking the monopoly of foreign enterprises and accelerating import substitution.
4. What is the company's attraction to talents, and the construction of talent teams? A: The company is one of the earliest manufacturers in the industry in China, has trained a group of backbone talents in technology and sales, is familiar with the basic situation of domestic and foreign markets, and with the experience and ability of management, the company can effectively control costs, improve operational efficiency and profitability of the company. The company actively promotes industry-university-research cooperation, and signs school-enterprise-industry-university-research cooperation agreements with many universities and other universities, further deepens the industrialization process of scientific research achievements, improves the level of new technology and new material development technology, and accelerates the conversion rate of scientific research achievements, research-oriented talent training, cutting-edge technology and advanced industrial layout. At the same time, the company pays attention to the introduction of high-end management talents, which provides a strong guarantee for the improvement of the company's overall management ability and the improvement of production and operation levels. The company launched an equity incentive plan this year to implement equity incentives for the company's directors, senior management, core management personnel and core business backbone personnel. More effectively stimulate the work vitality and enthusiasm of core backbone employees, and help the company to continue to develop steadily.
5. Sustainability of the company's future performance? A: Through a comprehensive industrial layout, the company will continue to maintain a leading position in the five major sectors, and firmly promote the development of new materials in strategic emerging industries, and in the future, the company will make every effort to build a new material industry base of one million tons in the Yangtze River Delta. At present, the company's optical film materials, new energy film materials, variable information film materials and polyester heat shrinkable film materials production and sales are ahead of other domestic enterprises in the same industry, the future of the company through continuous production line upgrading, expansion of production capacity, plate overall layout, and constantly improve the production efficiency and production capacity of products, as well as the continuous development of new products, to maintain the company's industry-leading position in the five major sectors, product differentiation advantages will provide a good guarantee for the stable improvement of the company's gross profit margin.
The main business of Shuangxing New Material: optoelectronic new materials, optical films, solar cell back film, polyester capacitor film, polyester industrial substrate; Polymer composite material technology research and development; Production of packaging materials, sales of chemical materials (except chemical dangerous goods); Printing of packaging and decoration prints, printing of other printed matter; Operate the export business of the company's self-produced products and technologies; Operate the import business of raw and auxiliary materials, instruments and meters, machinery and equipment, spare parts and technology required for the production and scientific research of the enterprise (except for commodities and technologies that are restricted by the state to operate by the company and prohibit import and export by the state); Engaged in incoming material processing and "three to one supplement" business. General cargo transport by road.
According to the 2021 interim report of Shuangxing New Materials, the company's main revenue was 2.641 billion yuan, up 23.1% year-on-year; the net profit attributable to the mother was 604 million yuan, up 160.28% year-on-year; the non-net profit was 576 million yuan, up 173.43% year-on-year; the debt ratio was 19.53%, the investment income was 9.2652 million yuan, the financial expenses were 3.4731 million yuan, and the gross profit margin was 33.73%.