Securities code: Zhejiang Weixing Industrial Development Co.Ltd(002003) securities abbreviation: Zhejiang Weixing Industrial Development Co.Ltd(002003) Zhejiang Weixing Industrial Development Co.Ltd(002003)
Record of investor relations activities
No.: 2022025
□ specific object research □ analyst meeting
Investor relations activities □ media interviews □ performance briefing
Category □ press conference □ roadshow activity
□ site visit √ others: teleconference
Tianfeng Securities Co.Ltd(601162) : Sun Haiyang
Haitong Securities Company Limited(600837) : Liang Xi, in full bloom
China Merchants Securities Co.Ltd(600999) : Liu Li
Changjiang Securities Company Limited(000783) : Lei Yu
HV Advisory：Yabing Lu
Point72：Claire
Tiger Pacific：April
Shenzhen Yansheng Asset Management Co., Ltd.: Fang Fang, Fu Yu, Peng Junbin
BAOYING Fund Management Co., Ltd.: Jixiang
Beijing Hongcheng Investment Management Co., Ltd.: Xiang Hongbo
Beijing Kaidu Investment Management Co., Ltd.: Zou Ying
Beijing yuanlesheng Asset Management Co., Ltd.: Qian Yuxin, Dai Jiaxian
Caixin Securities Co., Ltd.: Cai Linghan
Shanghai Chunda Investment Management Co., Ltd.: Feng Dongdong
Dacheng Fund Management Co., Ltd.: Huang Bohan
Everyone Asset Management Co., Ltd.: Hu Xiao
Proprietary Department of Donghai Securities Co., Ltd.: Jiang Ruoying
Wells Fargo Fund Management Co., Ltd.: Guo Shujie
Jushan (Shanghai) Asset Management Co., Ltd.: Li Xiaozhen
Gefei Asset Management Co., Ltd.: Tian Yiling
Name of participant and Guohua Xingyi Asset Management Co., Ltd.: Han Dongwei
Personnel name: Guoshou Security Fund Management Co., Ltd.: Li Dan
Cathay Pacific Fund Management Co., Ltd.: Zhijian
Shanghai Guotai Junan Securities Co.Ltd(601211) Securities Asset Management Co., Ltd.: Wu Jiawei
Haifutong Fund Management Co., Ltd.: Lu Yiwen, Gao Zheng, Zhao bingsha
Hongze Investment Management Co., Ltd.: Chen Hongmei
Hongshang Capital Equity Investment Co., Ltd.: Wang Jie
Harvest Fund Management Co., Ltd.: Wang Dan
Shanghai Lanting Investment Management Co., Ltd.: Chai Shanshan
Liuhe Jiarui Investment Management Co., Ltd.: Han Jing
Southern Fund Management Co., Ltd.: Li Jinwen, LV Siqi, Zheng Shiyun
Agricultural Bank of China Huili Fund Management Co., Ltd.: Pu Tianrui
Penghua Fund Management Co., Ltd.: Liu Luosheng
Ping An Fund Management Co., Ltd.: Wang xiubao
Ping an Endowment Insurance Co., Ltd.: Tang Songyuan
Ruiyuan Fund Management Co., Ltd.: xujiayi
Shanghai Chenghuai Investment Management Co., Ltd.: Li Yu
Shanghai Orient Securities Company Limited(600958) Asset Management Co., Ltd.: Tang Liang
Shanghai Shengyu Equity Investment Fund Management Co., Ltd.: Wu Yujia, Hu Jizhong
Shanghai zhunjin Investment Management Co., Ltd.: Chen yingyue
Shenzhen Yitong Investment Management Co., Ltd.: Chen Xiaofen
Shifeng Asset Management Co., Ltd.: Cui Hongjian, Feng Yunze, Xu yuliu
Tianhong Fund Management Co., Ltd.: Xie Yuyang, Liu Ying
CITIC Prudential Fund Management Co., Ltd.: Li Wen
Xinda AoYa Fund Management Co., Ltd.: Ma Qiwen
China Industrial Securities Co.Ltd(601377) : Liu Yixin
Sunshine Asset Management Co., Ltd.: Wu Yelin
Yihe Jiufu Investment Management Co., Ltd.: Chen Shuai
YONGYING Fund Management Co., Ltd.: an Huili
Changjiang Endowment Insurance Co., Ltd.: Zeng Zhi, Zou Cheng
CMB Financial Management Co., Ltd.: Yang Fuyi
Zhongbing wealth Asset Management Co., Ltd.: Li Jing
China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd.: Cui Hengxu
CICC Asset Management Co., Ltd.: Zhang Minqi
Zhongshan Securities Co., Ltd.: Zhu bin
China Securities Co.Ltd(601066) : Wei Zhongtai
Boc International (China) Co.Ltd(601696) Co., Ltd.: Yang Zhiwei
China Post Life Insurance Co., Ltd.: Zeng Zhujia
China Merchants Fund Management Co., Ltd.: Zeng Zixiao
Taikang Insurance Group Co., Ltd.: Jamie Shen
Shanghai Minghe Investment Management Co., Ltd.: Yao Yongxu
Donghai Fund Management Co., Ltd.: Yuan Jun
Bocom Fund Management Co., Ltd.: Gao Yiyun
Xinpu Investment Management Co., Ltd.: ouyangrong
Hua’an Fund Management Co., Ltd.: Zhang Luan
Hony faraway Fund Management Co., Ltd.: Hu Xiaotong
Xinhua Asset Management Co., Ltd.: Li Dongzheng
Taixin Fund Management Co., Ltd.: Ye Fan
Xiangcai fund asset management company: Lin Jianmin
Qijia Asset Management Co., Ltd.: Niu Jianbin
Time: April 29, 2022
Location-
Name of receptionist Xie Jinkun of listed company
Interactive link
1. How much is the company’s equity incentive fee in the first quarter? How much equity incentive fees are there in the next few quarters? A: the amortization expense of equity incentive of the company in 2022 was more than 56 million, of which the expense of equity incentive in the first quarter was more than 16 million.
2. What was the performance of zippers and buttons in the first quarter?
Investor relations activities a: in the first quarter, the company’s buttons and zippers performed well. Among them, the growth rate of zippers exceeded that of buttons, and the main content introduction showed outstanding performance.
3. The recent epidemic is relatively serious and has a great impact on various industries. What is the company’s outlook for future orders? A: affected by the epidemic, downstream brand customers are cautious in placing orders recently, and the company is under pressure in the short term. The company is actively resisting the impact of the epidemic through the two wheel drive of Chinese business and foreign business. From the perspective of the long-term development of the textile industry, it belongs to the objective consumption of the past.
4. What is the distribution of zipper capacity of the company?
A: the zipper production capacity of the company is mainly in China, supplemented by Bangladesh Industrial Park. In addition, Vietnam Industrial Park is also actively promoting.
5. What is the company’s medium and long-term capacity planning?
A: from a medium – and long-term perspective, China’s future production capacity will come from the construction of new parks on the one hand and the continuous promotion of intelligent manufacturing on the other; Overseas will accelerate the layout and promotion of global production bases, including the construction of phase III in Bangladesh and the construction of Vietnam Industrial Park. In the future, the layout will be carried out according to the market demand.
6. What is the growth rate of webbing business in the first quarter?
A: the ribbon business has maintained a rapid growth rate due to its small base. In the medium and long term, webbing is also one of the key categories cultivated by the company.
7. Will subsequent companies continue to raise prices?
A: when the price of raw materials rises to a certain extent, the company will also adjust the price appropriately. The company’s products are rich in categories and involve many raw materials. Therefore, the price of some products will be adjusted according to the price increase of raw materials, rather than raising the price of all categories at one time.
8. How is the company’s new customer expansion this year?
A: new customer expansion is one of the key tasks of the company’s operation. In recent years, especially in Europe and the United States and other countries, it has achieved remarkable results. However, in general, the cooperation share of new customers in the early stage will be low; With the deepening of bilateral cooperation, the comprehensive competitiveness of the company has been gradually recognized by customers, and the number of orders will increase accordingly. The whole process takes some time to realize.
9. As can be seen from the first quarterly report, what are the main reasons for the company’s large inventory?
A: the main reasons for the company’s large inventory are as follows: 1. In order to ensure fast reverse orders, the company will prepare an appropriate amount of semi-finished products for stock; 2. In order to cope with the rising price of raw materials, the company appropriately increases the stock. 10. What is the current product structure of zippers and buttons?
A: according to the material, zippers can be divided into metal zippers, nylon zippers and plastic steel zippers. At present, among zippers, nylon zippers account for a slightly higher proportion, while plastic steel zippers and metal zippers account for the same proportion. There are many button materials, and metal buttons account for the largest proportion at present.
11. What are the achievements of intelligent manufacturing?
A: with the continuous promotion of intelligent manufacturing strategy, the on-site manufacturing level and production efficiency have been improved, the number of workers continues to decline, and the quality and stability of products can be improved to a certain extent. Take product inspection as an example. In the past, the quality of products was judged by the naked eye; Now use AI intelligent inspection system for detection,
Machine detection is more accurate and stable than personnel detection, so the stability of product quality will be improved while improving production efficiency.
12. What is the impact of the epidemic on the company?
A: affected by the epidemic, downstream brand customers have been cautious in placing orders recently, and the company’s orders are under pressure in the short term, but the company’s cumulative orders still maintain a good growth.
13. How does the company establish a marketing network overseas?
A: the company continued to promote its internationalization strategy, established localized marketing teams in major countries or regions in Europe, America and Southeast Asia, and achieved good results by recruiting local professionals for local market development and service, which has gradually been recognized by more overseas brand customers.
14. How is the construction progress of the company’s overseas industrial park?
A: phase I and phase II of Bangladesh Industrial Park have been put into operation, and phase III plant construction has been completed. In the later stage, it is mainly the increase of equipment. At present, some investment has been made according to the market situation. The construction progress of Vietnam Industrial Park has been delayed due to the impact of epidemic and other factors in the early stage. At present, relevant work is being actively promoted.
15. Pin
