ST Zhongli to Host Performance Briefing on April 29 for Investor Participation

*ST Zhongli: An earnings briefing will be held on April 29, 2025, open for investor participation.

On May 6, 2025, *ST Zhongli (002309) announced that it would hold an earnings briefing on April 29, 2025. The details are as follows:

Question: The company is in a restructuring phase; what is the current debt scale and the proportion of extensions? Have any strategic investors shown a clear intention to invest? Will the restructuring funds be prioritized for capacity recovery?

Answer: Thank you for your interest in the company. The restructuring plan was completed by the end of 2024. All funds from participating investors have been secured. For more details, please refer to the company’s 2024 annual report.

Question: With Europe launching anti-dumping investigations into Chinese photovoltaic products, has the company’s overseas business been affected? Is there a shift in market focus towards Southeast Asia or Africa?

Answer: Thank you for your inquiry. Currently, there has been no substantial impact on the company’s overseas business. We will continue to monitor policy developments and actively respond to market changes. We aim to optimize our product structure and market layout to enhance competitiveness and risk resilience.

Question: Greetings, can you provide insights into the company’s financial performance in this reporting period?

Answer: Thank you for your question. The company’s 2024 annual report was disclosed on April 22, 2025. Please refer to the related announcements for specifics.

Question: Is the strategy of “protecting key customers” in the cable business leading to price reductions? What was the year-on-year change in cable gross margin for 2024? Is there an expansion into high-margin segments like military and offshore wind?

Answer: Thank you for your interest. During the restructuring period, available resources were limited, leading us to concentrate on key customers. For details on the gross margin and market conditions of cable products for 2024, please see Chapter 3 of the 2024 annual report.

Question: Can you outline the main drivers for the company’s future profit growth?

Answer: Thank you for your question. In the future, with the support and capabilities from the new majority shareholder, the company will focus on the dual core business of “photovoltaics + cables.” We will target cutting-edge technologies in the industry, continuously enhance our global R&D, and improve our service capabilities in production, supply, and sales, centering on customer needs for product and technology updates, and further advancing our global business.

Question: Given a more than 60% year-on-year decline in photovoltaic revenue, is there a plan to completely exit this field? If retained, how will the company respond?

Answer: Thank you for your inquiry. The significant decline in photovoltaic revenue in 2024 was primarily due to the restructuring impact. The company will maintain its dual core business strategy of “photovoltaics + cables” and is actively exploring new markets, enhancing global business development.

Question: Could you provide an overview of the overall industry performance and that of other major companies in the sector?

Answer: Thank you for your interest. For details, please refer to relevant research reports and the periodic disclosures from other listed companies.

Question: With the national push for grid equipment upgrades, how is the company positioned regarding ultra-high-voltage cable technology? Can it seize opportunities in smart grid renovation orders?

Answer: Thank you for your question. The company has not yet engaged in the production of ultra-high-voltage cables.

Question: There is a fixed asset and inventory impairment of approximately 800 million. Is this due to outdated photovoltaic production technology? Is there a risk of further impairment of residual assets?

Answer: Thank you for your inquiry. For details on this matter, please refer to the company’s announcement No. 2025-059.

Question: Given the prolonged low stock price, is there any consideration for share buybacks or increased holdings by major shareholders to stabilize the price?

Answer: Thank you for your interest. Should the company have plans for share buybacks or major shareholder increases, we will fulfill our information disclosure obligations in accordance with regulations.

Question: Has the revenue proportion from the top five customers declined? Has the company sought to engage high-quality clients such as central state-owned enterprises to reduce bad debt risks?

Answer: Thank you for your question. The revenue proportion from the top five customers in 2024 increased year-on-year. Please see the company’s periodic report for detailed information.

*ST Zhongli (002309) specializes in the photovoltaic new energy sector and special cable business. According to its Q1 2025 report, the company’s main revenue was 312 million yuan, a year-on-year decrease of 44.14%; the net profit attributable to the parent company was -77.08 million yuan, an increase of 58.79% year-on-year; the net profit excluding non-recurring gains and losses was -78.38 million yuan, an increase of 56.8% year-on-year; the debt ratio stood at 67.7%, with investment income at -3.44 million yuan, financial expenses at 11.88 million yuan, and a gross margin of 7.19%.

The above content is compiled by Securities Star based on publicly available information and generated by AI algorithms. It does not constitute investment advice.