International Composites will focus on the main business of fiberglass and accurately invest in R&D resources to promote the implementation of high-modulus, high-strength, and low-dielectric products?

International Composites recently held an earnings briefing to respond to multiple questions raised by investors, emphasizing that it will focus on the main fiberglass business in the future, promote product development in the fields of "dual carbon" and "digitalization", and strive to create an ecological system for the green industrial chain. When asked about the 2025 business improvement measures, Huang Dunxia, ​​secretary of the board of directors and deputy general manager of International Composites, said that 2024 was an extremely difficult year for the fiberglass industry. Low prices and market demand that were lower than expected affected the company's profitability, and the company's profitability was basically consistent with the overall trend of the industry. In the future, driven by national policies, the fiberglass industry will vigorously develop new quality productivity and layout strategic emerging industries, and the fiberglass industry will also usher in new strategic opportunities.
The company said that although the amount of long-term equity investment has decreased, no major investment strategy adjustments have been made, and the changes are mainly affected by the profit and loss of subsidiaries. In the face of global economic uncertainty, the company has strong market competitiveness and risk resistance, has a global production capacity and marketing network, and can respond quickly to market demand. In addition, the company continues to invest in core fiberglass technologies and has mastered a number of production process technologies to ensure that it maintains a competitive advantage in multiple segments. Faced with performance pressure, the company has no plans for equity financing or strategic cooperation, but has improved its operating conditions through market development, cost control and other measures. The company also mentioned that although the total amount of fixed assets and projects under construction has increased, the slowdown in growth is mainly due to the transformation of old production lines and technological innovation. Looking ahead, International Composites will strengthen marketing and optimize operations in order to increase sales and market share and create benefits for shareholders. In the first three quarters of 2024, International Composites achieved revenue of 5.389 billion yuan and a net profit attributable to the parent of -157 million yuan.