Shenzhen Textile A (000045): Institutional Research And Investor Q & A

Question 1: the company's performance this year is significantly improved compared with that of last year. The commissioning of line 7 will bring new growth points to the company. Does the company have further plans for the development of polarizer business in the future?

A: Based on the good market expectation of LCD and OLED display market, especially the super large size LCD display, AMOLED display, vehicle display and other markets in the next few years, the company adopts the development strategy of "polarizer +" and product differentiation competition strategy. Firstly, it improves the existing production capacity, selects the opportunity to start the construction of new production line Actively carry out mergers and acquisitions within the industry and steadily expand the scale of polarizer business; Second, focus on differentiated development, make targeted product development planning, focus on the market areas with high demand growth in the future, such as ultra large size, AMOLED, on-board display, etc., continuously optimize the product structure and improve the profit level; Third, considering the technical barriers, domestic substitution trend, market prospect and other factors, we should choose the opportunity to extend to upstream raw materials, and promote the development of polarizer integration business.

Q2: the polarizer for oledtv has been mass produced. What are the specific products?

A: at present, the company has successfully broken through the technical bottleneck of oledtv polarizer products, realizing mass production of 48 Inch oledtv polarizer products, filling the blank of domestic oledtv polarizer product technology. At the same time, with the continuous improvement of supply, oledtv polarizer products will become the company's competitive "fist product", which is conducive to further improve the company's profitability.

Q3: what is the progress in the research and development of vehicle products?

A: the company is actively cooperating with vehicle mounted display panel manufacturers in product development, striving for the certification of terminal vehicle supporting manufacturers and entering the vehicle polarizer market.

Q4: what measures has the company taken to reduce costs?

Answer: first, the company carries on the transformation optimization to the existing equipment, enhances the machine speed; Second, the company improves the yield of products and reduces the loss by building new RTP and RTS equipment; Third, the company will continue to promote domestic substitution of raw materials, broaden procurement channels and reduce procurement costs.

Q5: does the company have a plan to change its name?

A: in response to the good suggestions of investors, and in order to better match the company's strategic development plan and the actual situation of its main business, and establish a good image of the company's capital market, the company will consider the matter of renaming as a whole, and the details are subject to the company's announcement.