Summary of Conference Call Notes Company/Industry Involved - The discussion involves a company operating in Mexico, focusing on its supply chain and assembly operations. Core Points and Arguments - The company is inquiring about the localization of its supply chain in Mexico, questioning how much of it is sourced locally versus being a pure assembly operation. The emphasis is on understanding the completeness of the supply chain being established in Mexico [1]. Other Important but Possibly Overlooked Content - There is a need for clarity on the nature of operations in Mexico, indicating that the company is in the process of building a comprehensive supply chain rather than relying solely on assembly [1].

Summary of Conference Call for Jinpan Technology Company Overview - **Company**: Jinpan Technology - **Industry**: Transformer manufacturing and digital manufacturing solutions Key Points and Arguments Market Conditions and Concerns - Concerns regarding the impact of the upcoming North American presidential election on tariffs and costs, particularly if Trump were to be re-elected, which could lead to increased tariffs on transformers [2][4] - Potential increase in procurement costs due to tariffs, which may lead to reduced purchasing volumes from customers unable to accept price hikes [2][3] - The company has prepared a factory in the U.S. to expand production capacity if needed, indicating proactive measures to mitigate tariff impacts [3][12] Supply Chain and Production Strategy - The company has established a complete supply chain in Mexico, which is primarily an assembly factory [1][6] - The cost difference between products manufactured in China and those produced in Mexico is minimal, suggesting that local production may be more profitable if tariffs are imposed [6][7] - Plans for potential expansion in Europe and other regions are being considered, focusing on areas with high economic activity [8][11] Growth and Demand - The European market is experiencing significant growth, with an order growth rate approaching 100% [9][10] - The company aims to increase its market share in Europe, where it currently has a small presence, particularly in the wind power sector [11][12] - The company has added nearly 100 new customers in the past year, indicating strong demand and an expanding customer base [20][21] Competitive Landscape - Major competitors include Siemens, General Electric, and Hitachi, with Jinpan Technology positioning itself as a leading supplier in the transformer market [22][23] - The company emphasizes its technological capabilities and service responsiveness as competitive advantages over international firms [24][25] Financial Performance and Projections - The gross margin for overseas orders is higher than for domestic sales, contributing to an overall improvement in net profit margins as international sales increase [31][32] - The company anticipates maintaining a growth rate of over 100% in overseas markets, despite potential fluctuations in domestic demand [67][68] Digital Manufacturing and Product Development - The digital factory segment has secured significant orders, with expectations for continued growth in this area [49][50] - The company is expanding its product line to include higher voltage transformers, which may enhance its competitive position in the market [78][79] Challenges and Risks - The potential for increased competition as other companies expand their production capacity could impact pricing and market dynamics [35][36] - The company is cautious about overexpansion and is monitoring market conditions closely to avoid excess capacity [37][38] Future Outlook - Jinpan Technology is optimistic about its long-term growth prospects, particularly in international markets, and is focused on enhancing its digital manufacturing capabilities [39][41] - The company is also exploring opportunities in energy storage and other emerging sectors, indicating a strategic diversification of its product offerings [62][63] Additional Important Information - The company has not disclosed specific revenue contributions from different product lines, indicating a strategic approach to financial reporting [61][62] - The impact of raw material price fluctuations on profit margins is expected to be minimal due to effective pricing strategies [46][47] - The company is committed to maintaining strong relationships with its international clients, which is crucial for sustaining long-term growth [38][39]

Summary of Conference Call Notes Company and Industry - **Company**: Jinpan Technology - **Industry**: Transformer manufacturing and related electrical equipment Key Points and Arguments Market Concerns and Strategies - Concerns regarding the impact of the upcoming North American presidential election on tariffs and costs for transformers were discussed, particularly if Trump were to re-enter office, which could lead to increased tariffs on imports [2][7] - The company has prepared a factory in the U.S. to expand production capacity if needed, indicating readiness to adapt to market changes [3][12] - Approximately 60-70% of the company's clients are international corporations that have strategies to manage tariff impacts, suggesting a collaborative approach to potential cost increases [3][18] Cost and Pricing Dynamics - If tariffs increase, the overall cost of transformers could rise, potentially leading to higher prices for customers, which may reduce procurement volumes [2][5] - The company believes that even with a price increase of up to 35%, they could still maintain a competitive edge compared to local manufacturers in Europe and the U.S. [4][5] Production and Supply Chain - The company has multiple factories in China (Wuhan, Shanghai, Jiangsu, Haikou, and Guilin) that supply products to overseas markets, with varying export ratios [6][8] - The cost of producing transformers in Mexico is expected to be more favorable compared to domestic production if tariffs are imposed [6][7] European Market Insights - The European market is experiencing significant growth, with an order growth rate approaching 100% due to a large-scale grid renovation project valued at 4.5 trillion [9][10] - The company aims to increase its market share in Europe, where it currently holds a small percentage, particularly in the wind power sector [11][12] Customer Base and Growth - The company has added nearly 100 new customers in the past year, indicating strong demand and an expanding customer base [20][21] - Major clients include General Electric and Siemens, with the company being a leading supplier in the transformer segment [19][20] Financial Performance - The gross margin for overseas orders is higher than for domestic sales, contributing to an overall improvement in net profit margins as the share of overseas orders increases [32][33] - The company anticipates that the increase in overseas orders will enhance overall profitability in the coming years [32][33] Digital Manufacturing and Future Outlook - The digital factory segment has secured approximately 7 billion in orders, with expectations for significant growth in this area [52][53] - The company is focused on expanding its capabilities in digital manufacturing, which is expected to yield higher profit margins compared to traditional manufacturing [57][58] Competitive Landscape - The company faces competition primarily from international firms like Siemens and General Electric in overseas markets, while domestic competition is also significant [22][23] - The company emphasizes its technological capabilities and service responsiveness as key competitive advantages [24][25] Tariff Implications - Current tariffs on exports to the U.S. are around 26.5%, which the company absorbs initially but plans to pass on to customers over time [60][63] - The company has strategies in place to manage the impact of raw material price fluctuations on profit margins [49][51] Future Production Plans - The company plans to expand its production capacity for oil transformers in China, targeting an increase from 6 billion to 20 billion by the end of the year [75][76] - The expansion will focus on meeting both domestic and international demand, particularly from overseas clients [76][78] Summary of Financial Goals - The company aims to maintain a growth rate of over 100% in overseas markets, despite potential fluctuations in domestic demand [72][73] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting the company's proactive approach to market challenges and growth opportunities.

证券代码：688676 证券简称：金盘科技 公告编号：2024-064 海南金盘智能科技股份有限公司 集中竞价减持计划的实施结果情况 2024 年 5 月 18 日，公司在上海证券交易所网站（www.sse.com.cn）披露了 《持股 5%以上股东集中竞价减持股份计划公告》（公告编号：2024-047）。敬天 投资计划通过集中竞价方式减持其持有的部分公司股份，合计数量不超过 900,000 股，占公司总股本的比例不超过 0.20%。 2024 年 7 月 4 日，公司收到了敬天投资出具的《关于提前终止减持计划的 告知函》，截至 2024 年 7 月 3 日，敬天投资通过集中竞价方式已累计减持公司 股份 892,388 股，占公司总股本的 0.20%，由于自身减持安排，敬天投资本次减 持计划提前终止。具体内容如下： 1 持股 5%以上股东提前终止集中竞价减持股份计划 暨减持结果公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东持股的基本情况 本次减持计划实施前，海南金盘智能科技股份有限 ...

浙商证券股份有限公司 关于海南金盘智能科技股份有限公司 开展外汇套期保值业务的核查意见 浙商证券股份有限公司（以下简称"浙商证券"、"保荐机构"）作为海南金 盘智能科技股份有限公司（以下简称"金盘科技"、"公司"）持续督导的保荐机 构，根据《证券发行上市保荐业务管理办法（2023 年修订）》《上海证券交易所 科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号 ——规范运作》等有关法律规定，对金盘科技开展外汇套期保值业务进行了审慎 核查，具体核查情况及核查意见如下： 一、交易情况概述 （一）交易目的 公司经营业务出口外汇结算业务量较大，主要以美元、欧元等外币结算为 主。当汇率出现较大波动时，汇兑损益将会对公司的经营业绩造成一定的影响。 为有效规避外汇市场的风险，防范汇率大幅波动对公司经营业绩造成不利影 响，提高外汇资金使用效率，合理降低财务费用，公司及控股子公司拟与具有合 法资质的大型商业银行开展外汇套期保值业务。公司的外汇套期保值业务以正常 生产经营为基础，以规避和防范汇率风险为目的，不进行单纯以盈利为目的的投 机和套利交易。 （二）交易金额及期限 公司及控股子公司以自有资金拟开展的外汇 ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-062 海南金盘智能科技股份有限公司 关于募投项目结项并将节余募集资金 永久补充流动资金的公告 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、准确性和完整性依法承担法律责任。 海南金盘智能科技股份有限公司（以下简称"公司"）于 2024 年 7 月 2 日 召开的第三届董事会第十次会议和第三届监事会第五次会议，审议通过了《关于 募投项目结项并将节余募集资金永久补充流动资金的议案》，同意公司将 2021 年 3 月 IPO 募集资金以及 2022 年 9 月可转债募集资金的募投项目"节能环保输 配电设备智能制造项目"、"研发办公中心建设项目"、"储能系列产品数字化 工厂建设项目（武汉）项目"、"储能系列产品数字化工厂建设项目（桂林）项 目"结项并将节余募集资金永久补充流动资金。本议案无需提交公司股东大会审 议，具体情况如下： 一、募集资金的基本情况 1、2021 年 3 月 IPO 募集资金 根据中国证券监督管理委员会出具的《关于同意海南金盘智能科技股份有限 公司首次公开发行股票注册的批复》（ ...

浙商证券股份有限公司关于海南金盘智能科技股份有限公司 募投项目结项并将节余募集资金永久补充流动资金的 核查意见 浙商证券股份有限公司（以下简称"浙商证券"或"保荐机构"）作为海南 金盘智能科技股份有限公司（以下简称"金盘科技"或"公司"）持续督导的保 荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票 上市规则》《科创板上市公司持续监管办法（试行）》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交易所科创板上市 公司自律监管指引第 1 号——规范运作》等法律法规，对金盘科技募投项目结项 并将节余募集资金永久补充流动资金事项进行了核查，具体情况如下： 1、2021 年 3 月 IPO 募集资金 根据中国证券监督管理委员会出具的《关于同意海南金盘智能科技股份有限 公司首次公开发行股票注册的批复》（证监许可[2021]94 号），公司首次向社会 公开发行人民币普通股（A 股）股票 4,257.00 万股，发行价格为每股 10.10 元， 募集资金总额为 429,957,000.00 元，扣除发行费用（不含增值税）79,577,075.48 元后，实际募集资金净额 ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-060 海南金盘智能科技股份有限公司 第三届监事会第五次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 海南金盘智能科技股份有限公司（以下简称"公司"）第三届监事会第五次 会议于 2024 年 6 月 29 日以专人送达形式发出了本次会议的召开通知，于 2024 年 7 月 2 日下午 14:30 在公司会议室以现场方式召开。会议应到监事 3 名，实到 监事 3 名，会议由监事会主席田梅主持。本次会议的召开符合《中华人民共和国 公司法》、《中华人民共和国证券法》、《海南金盘智能科技股份有限公司章程》（以 下简称"《公司章程》"）、《海南金盘智能科技股份有限公司监事会议事规则》的 有关规定，程序合法。 二、监事会会议审议情况 经与会监事认真审议，审核并通过如下事项： 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《关 于募投项目结项并将节余募集资金永久补充流动资金的公告》（公告编号： 2024 ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-063 海南金盘智能科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 因公司实施权益分派，从 2024 年 6 月 14 日起，本次回购股份价格上限由不 超过人民币 48.00 元/股调整为不超过人民币 47.55 元/股。具体内容详见公司于 2024 年 6 月 7 日在上海证券交易所网站（www.sse.com.cn）上披露的《海南金盘智能科 技股份有限公司关于 2023 年年度权益分派实施后调整股份回购价格上限的公告》 （公告编号：2024-059）。 二、 回购股份的进展情况 根据中国证监会《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》的有关规定，公司在股份回购期间内，应当在每个月 的前 3 个交易日内公告截至上月末的回购进展情况。现就公司 2024 年 6 月的回购 股份进展情况公告如下： 截至 2024 年 6 月 30 日，公司通过上海证券交易所交易系统以集中竞价交易 方式累计回购公司股份 97,500 股，占总股本的比例为 0.02%，公司回购股份的成 交价格区间为 38.81 ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-061 海南金盘智能科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 为有效规避外汇市场的风险，防范汇率大幅波动对海南金盘智能科技股 份有限公司（以下简称"公司"）经营业绩造成不利影响，公司及控股子公司拟 以自有资金与具有合法资质的大型商业银行开展外汇套期保值业务，本业务以正 常生产经营为基础，以规避和防范汇率风险为目的，不进行单纯以盈利为目的的 投机和套利交易。公司及控股子公司的外汇套期保值业务包括远期结售汇、人民 币和外汇掉期业务、外汇买卖、外汇期权等产品。上述拟开展的外汇套期保值业 务的资金额度不超过2.25亿美元或其他等值外币，额度有效期为自公司董事会审 议通过之日起12个月，在上述额度范围及期限内，资金可循环滚动使用。 公司于2024年7月2日召开了第三届董事会第十次会议、第三届监事会第 五次会议，审议通过了《关于开展外汇套期保值业务的议案》，本次外汇套期保 值业务事项无需提交公司股东大会审议。 特别风险提示：公司及控 ...