Group 1 - The stock price of Youfa Group closed at 6.09 yuan on August 22, 2025, down by 0.02 yuan, a decrease of 0.33% from the previous trading day [1] - The company has an annual production capacity of over 20 million tons of welded steel pipes and has achieved a net sales volume exceeding 13 million tons, maintaining the largest production and sales scale in the country for 19 consecutive years [1] - On August 21, Youfa Group hosted a research meeting with several institutions, including Huaxi Securities and Great Wall Fund, where the company discussed its operating performance, product composition, and future development strategy [1] Group 2 - On August 22, the net inflow of main funds into Youfa Group was 1.9766 million yuan, while the net outflow over the past five days was 132,400 yuan [1] - The company operates within the steel industry and is part of the Tianjin sector [1]

证券代码：601686 证券简称：友发集团 天津友发钢管集团股份有限公司 投资者关系活动记录表 | | □分析师会议 特定对象调研 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（电话交流会） 董 远 华西证券 | | | 黄志远 兴全基金 康 培 中加基金 | | | 计 旭 西部利得基金 | | | 毛振强 西部利得基金 | | 参与单位名 | 黄沁仪 富安达基金 | | 称及人员姓 | 齐昊麟 圆信永丰基金 | | 名 | 曹 阳 东北证券 | | | 蒋婉莹 中泰资管 | | | 王 焘 华泰资管 | | | 李 度 中信证券 | | | 王勃竣 中信证券 | | | 闫 涛 首创资管 | | | 彭双宇 瑞众保险 | | 时间 | 年 月 日 2025 8 21 | | 地点 | 腾讯会议 | | 上市公司接 | | | 待人员姓名 | 董事会秘书 郭锐；证券事务代表 张羽 公司董秘结合投资者问题，就公司基本情况、经营业绩、核心竞争 | | | 力、未来发展战略、产品构成等方面内容进行了介 ...

证券代码：601686 证券简称：友发集团 天津友发钢管集团股份有限公司 投资者关系活动记录表 | |  | 特定对象调研 | □分析师会议 | | --- | --- | --- | --- | | 投资者关系 | □媒体采访 | | □业绩说明会 | | 活动类别 | □新闻发布会 | | □路演活动 | | | □现场参观 | | □其他（电话交流会） | | | 江舒盈 | 长城基金 | | | | 周 欣 | 华夏基金 | | | | 王瑜铭 | 兴银基金 | | | | 蔡文晨 | 景顺长城基金 | | | | 霍迪乔 | 摩根基金 | | | | 池嘉莹 | 华泰保兴基金 | | | | 侃 王 | 国投瑞银基金 | | | | 张 逸 | 易方达基金 | | | | 周颖辉 | 泰康资管 | | | | 李莉伊 | 华宝基金 | | | | 初梓健 | 国寿安保基金 | | | | 吴艾伦 | 招商基金 | | | | 王霄鸿 | 光大保德信基金 | | | 参与单位名 | 磊 江 | 光大保德信基金 | | | | 华旭桥 | 中银基金 | | | 称及人员姓 名 | 朱梦天 | 永赢基金 ...

（文章来源：每日经济新闻） 友发集团发布公告称，2025年8月21日，友发集团接受长城基金等投资者调研，公司董事会秘书郭锐、 证券事务代表张羽参与接待，并回答了投资者提出的问题。 ...

（文章来源：每日经济新闻） 友发集团发布公告称，2025年8月21日，友发集团接受华西证券等投资者调研，公司董事会秘书郭锐、 证券事务代表张羽参与接待，并回答了投资者提出的问题。 ...

Core Viewpoint - The company, Youfa Group, is focusing on enhancing its production capacity, expanding into overseas markets, and increasing the proportion of high-value-added products to drive sustainable growth. Group 1: Financial Performance - In the first half of the year, Youfa Group sold 6.5477 million tons of various steel pipes, a year-on-year increase of 4.18% [1] - The company achieved operating revenue of 24.888 billion yuan, a year-on-year decrease of 5.81% [1] - The net profit attributable to shareholders reached 287 million yuan, a significant year-on-year increase of 160.36% [1] Group 2: Domestic Expansion - Youfa Group is accelerating its domestic layout by advancing the construction of new bases in Chengdu, Sichuan, and Yanling, Henan [2] - The company signed a contract to acquire 70.96% of Jilin Huaming Pipe Industry Co., Ltd., which will quickly establish a market presence in Northeast China [2] - Collaborations with Hebei Haiqianwei Steel Pipe Co., Ltd. are laying the groundwork for expanding high-value-added product categories [2] Group 3: International Strategy - Youfa Group is actively promoting its "going out" strategy to establish a second growth curve overseas [3] - A wholly-owned subsidiary, Tianjin Youfa International Pipe Industry Co., Ltd., has been established to build an overseas investment framework [3] Group 4: Competitive Advantages and Innovation - The company's core competitiveness includes brand, scale, product quality, technological equipment, innovation research and development, marketing channels, national layout, and management shareholding mechanism [4] - In the first half of the year, R&D expenses amounted to approximately 61.2268 million yuan, a year-on-year increase of 30.03% [4] - Youfa Group holds 217 technology patents, including 40 invention patents, and has established six high-tech enterprises and six nationally recognized laboratories [4]

Group 1 - The core viewpoint of the article is that Youfa Group (SH 601686) announced an investor research meeting scheduled for August 19, 2025, with participation from the company's board secretary and investor relations personnel [2] - For the year 2024, Youfa Group's revenue composition is reported as 91.62% from the metal products industry and 8.38% from other businesses [2]

证券代码：601686 证券简称：友发集团 公告编号：2025-095 债券代码：113058 转债简称：友发转债 天津友发钢管集团股份有限公司 关于 2025 年半年度网上业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 天津友发钢管集团股份有限公司（以下简称为 "公司" ）于 2025 年 8 月 20 日 9:00-10:00 通过上海证券交易所"上证 e 互动之 e 访谈" 网络平台（http://sns.sseinfo.com）， 以网络文字互动方式召开了 2025 年半年度业绩说明会。2025 年 8 月 14 日，公司已在上海 证券交易所网站（www.see.com.cn）披露了《关于举办 2025 年半年度网上业绩说明会公告》， 现将有关事项公告如下： 一、说明会基本情况 1、 会议主题：天津友发钢管集团股份有限公司 2025 年半年度网上业绩说明会； 2、 会议时间：2025 年 8 月 20 日上午 9:00-10:00； 3、 召开方式：网络文字互动； 二、本次说明会投资者提 ...

证券代码：601686 证券简称：友发集团 天津友发钢管集团股份有限公司 投资者关系活动记录表 | | □分析师会议 特定对象调研 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他（电话交流会） 曾攀水 国泰基金管理有限公司 | | | 徐 榕 中金汇理资产管理有限公司 | | | 张 骥 宁银理财有限责任公司 | | | 鲁 秦 同泰基金管理有限公司 | | 参与单位名 | 谢雨阳 仁桥（北京）资产管理有限公司 | | 称及人员姓 | 魏榆峻 金鹰基金管理有限公司 | | 名 | 韩 帆 平安资产管理有限责任公司 | | | 马骁芃 中金汇理资产管理有限公司 | | | 魏 巍 太平洋资产管理有限责任公司 | | | 郑小兵 汇丰晋信基金管理有限公司 | | | 任 恒 中泰证券股份有限公司 | | 时间 | 年 月 日 2025 8 19 | | 地点 | 进门财经电话会议 | | 上市公司接 待人员姓名 | 董事会秘书 郭锐；投关专员 朱继蕾 | | | 公司董秘结合投资者问题，就公司经营情况、 ...

Group 1 - The core viewpoint of the report is a recommendation rating for Youfa Group (601686.SH) with a latest price of 6.1 yuan [2] - The reasons for the rating include continuous growth in pipe sales [2] - Future key focus areas include solid advancement in national layout and continuous expansion of market share [2] Group 2 - The report highlights potential risks such as significant fluctuations in raw material prices [2] - It also mentions the possibility of downstream demand not meeting expectations [2] - Additionally, there is a concern regarding the release of production capacity not meeting projections [2]