Securities Star News, May 10, 2024 Zhongfu Eagle (688295) announced that the company will conduct a road show on May 6, 2024, changxin Fund, Jucheng Asset, Jiahong Fund, Qiu Ming Investment, Rongjin Investment, Shanghai Chenbu, SAIC Qi Zhen, Shanxi Securities, Shanghai Chain Friends, Xincheng Fund, Xiao Feng Fund, Chenbu Capital, Yinhua Fund, Zhongtai Securities, China Merchants Securities, Zhongcai Investment, Danshui Spring, Dongfang Fortune Securities, Fuguo Fund, Guohai Franklin, Guotai Junan Securities, Harmony Huiyi and HSBC Jinxin Fund participated.

The details are as follows:

Q: What is the company's sales volume structure in 2023?

A: In recent years, based on the excellent performance and diversity of specifications and models of the company's carbon fiber products, a series of products such as T700, T800, T1000 and M40 have been applied in many medium and high-end fields, such as aerospace, new energy, sports and leisure. In 2023, the company achieved sales of more than 18000 tons, of which the new energy sector accounted for about 50%, sports and leisure accounted for nearly 30%, aerospace accounted for more than 10%. From the domestic carbon fiber market supply, the company's carbon fiber products in the pressure vessel domestic market share of more than 70%, carbon/carbon thermal field domestic market share of more than 60%.

Q: What is the company's current capacity planning?

a: the company has a production capacity of 28500 tons, of which 25000 tons of Xining will be fully put into production in may 2023. The subsequent production of new production capacity is mainly on the new 30000-ton project in Lianyungang. At present, the construction of the whole project is progressing smoothly. It is expected that some production lines will enter the installation and commissioning stage by the end of this year.

Q: What is the latest development of the company's large aircraft project?

A: The latest progress of Condor Shanghai's "Carbon Fiber Aviation Application R & D and Manufacturing" project has been disclosed in the company's 2023 annual report, and the project has been completed and put into use. At present, it has passed the pre-approval of PCD, completed the construction of T800 grade carbon fiber prepreg project, and passed the S9100 system certification. Recent projects focus on material pre-qualification tests, material use process evaluation and other related work.

Q: What is the price of the product in the first quarter?

A: In 2023, due to the concentrated release of domestic carbon fiber production capacity, the overall market performance was oversupply, and carbon fiber prices continued to fall. Judging from the market price of high-performance carbon fiber and the company's overall selling price in the first quarter of 2024, the overall price trend is relatively stable at present, and there is no sharp rise and fall.

Q: How is the company progressing in the aerospace sector?

A: In recent years, with the increasing demand for carbon fiber in the domestic aerospace field, the company has continued to accelerate the application of high-end strategic fields such as aerospace, and actively promote the use of the company's series of products in important fields, further ensuring the safety of the industrial chain and supply chain. In 2023, the company accounted for more than 10% of sales in the aerospace field, and will continue to accelerate and expand its sales applications in this field in the future. At the same time, the company will also perform relevant information disclosure obligations in a timely manner in accordance with relevant laws and regulations.

Q: Does the company have plans to cut production in 2024?

a: in 2024, the company will make overall arrangements for the replacement of production lines and public auxiliary systems or daily cleaning and maintenance according to the annual production plan, fully implement the principle of price-cost-benefit, implement the policy of full production and full sales, and promote cost reduction and efficiency increase by further relying on cost-scale advantages, fine management and quality improvement.

During the reception process, the company has fully communicated and communicated with investors, and strictly followed the company's "Information Disclosure Management System" and other regulations to ensure that the information disclosure is true, accurate, complete, timely, and fair, and there is no undisclosed Major information disclosure, etc.

Zhongfu Eagle (688295) main business: specializing in carbon fiber research and development, production and sales.

the first quarter report of 2024 shows that the company's main revenue is 0.448 billion yuan, down 21.1 percent from the same period last year. Net profit attributable to the parent was 41.7857 million yuan, down 68.12 percent from the same period last year. Deduction of non-net profit was 15.3215 million yuan, down 86.97 percent from the same period last year. Debt ratio 50.11, investment income 1.7186 million yuan, financial expenses 2.8947 million yuan, gross profit margin 25.25.

The stock has been rated by 15 institutions in the last 90 days, with 10 buy ratings and 5 overweight ratings; the average institutional target price in the past 90 days is 33.58.

The following is detailed earnings forecast information:

The margin trading data shows that the net inflow of financing of the stock has 16.7022 million in the past three months, and the financing balance has increased; the net inflow of securities has 3.6782 million, and the balance of securities has increased.

the above content is compiled by the securities star according to the public information and generated by the algorithm (no 310104345710301240019 of the net letter calculation), which has nothing to do with the position of this site. if there is any problem with the data, please contact us. This article is a data compilation, does not constitute any investment advice for you, investment is risky, please be cautious in your decision-making.

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