On July 3, Otway released a record of investor relations activities. Zhou Yongxiu, Secretary of the Board of Directors of the company, Li Cuifen, Tao Minyan, Zhang Qiuyi and Miao Zijian of the Securities Department participated in the reception and answered questions about the company's operation and technical layout.
Data show that in the first quarter of 2025, the gross profit of Otway was 413.8 million yuan, and the gross profit rate was 26.97%, showing a year-on-year decline.
For the decline in gross profit margin, Otway said: On the one hand, the gross profit margin of the company's single crystal furnace, screen printing line equipment and other products is low, with the increase in the proportion of order confirmation revenue to the company's operating income, the company's overall gross profit margin has been under pressure; On the other hand, affected by the downturn of the photovoltaic industry , all links of the industrial chain are more sensitive to price, which leads to pressure on the price side of the company.
At the same time, Otway said that although the profitability of the company's semiconductor equipment is better than that of photovoltaic equipment , the total orders for semiconductor equipment account for a relatively small proportion of the company's overall orders. The contribution to the company's performance can not hedge the impact of the downturn of the photovoltaic industry on the company's performance.
The original text is as follows:
Q: How do you view the current progress of 0BB?
A: Due to the good performance of 0BB process in cost reduction and efficiency enhancement, the company's welding + sizing program has a high degree of process maturity, which has been recognized by customers. With the continuous optimization of the cost performance and return on investment of 0BB transformation, the company expects that the demand for 0BB transformation of series welding equipment in the market will increase.
Q: What is the reason for the decline in the company's gross profit margin this year?
A: The pressure on the gross profit margin of the Company mainly comes from two aspects: (1) Changes in product structure: the gross profit margin of the Company's single crystal furnace, screen printing line equipment and other products is relatively low. With the increase in the proportion of order recognition revenue to the Company's operating revenue, the overall gross profit margin of the Company is under pressure; (2) Price: affected by the downturn of the PV industry, each link of the industry chain is more sensitive to price, which leads to the pressure on the price side of the Company.
Q: How does the company view the development of perovskite? Is there a layout of related technologies?
A: Perovskite has the advantages of high conversion efficiency and simple process, but also has the weaknesses of poor stability and high attenuation rate. At present, the commercialization of perovskite still needs time, and the company is developing perovskite laminated equipment.
Q: Will the overseas market of the company be affected as domestic photovoltaic enterprises go to sea one after another at this stage? What is the main export equipment of the company at present?
A: The company's overseas business is growing rapidly. At present, the company's export equipment includes single crystal furnace, series welding machine and other core equipment. Because overseas manufacturers generally choose the products of leading companies when purchasing equipment, overseas customers will prefer to choose the company's equipment based on the company's reputation in the overseas market, good service, higher market share and customer base.
Q: What is the current profitability of the company's semiconductor equipment? Can it offset the impact of photovoltaic downturn on the company?
A: The profitability of the Company's semiconductor equipment is better than that of photovoltaic equipment. The total orders of the Company's semiconductor equipment account for a relatively small proportion of the Company's overall orders, and its contribution to the Company's performance is still unable to hedge the impact of the downturn of the photovoltaic industry on the Company's performance.
Q: How is the company's production and operation? Is there a shutdown?
A: At present, the company's production and operation are all normal, and there is no shutdown.
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