Group 1: Company Performance - In the first half of 2014, the company and its subsidiaries signed new orders totaling 449 million CNY (including tax) [2] - The overseas business contributed over 30 million CNY in new orders during the same period [2][3] Group 2: Product Applications - The company's products are primarily used in metallurgy, power generation, coal, railways, non-ferrous metals, power grids, and petrochemicals [3] - The coal and metallurgy industries have experienced significant declines, impacting product demand [3] Group 3: International Market Development - The company has established an office in Dubai to promote international market expansion, focusing on Africa, Southeast Asia, and South America [3] - International business is identified as a key area for future market development [3] Group 4: Product Specifics - The SVG product is rapidly growing in the small-capacity reactive power compensation sector, gradually replacing SVC products [3] - The multi-terminal flexible DC transmission project in South Australia has a design capacity of 200,000 kW and a voltage level of ±160 kV, marking a significant innovation in the international DC transmission field [4] Group 5: Financial Management - The company has a delivery cycle of 3-6 months and a collection period exceeding one year, leading to substantial accounts receivable [3] - Measures are being taken to address the large accounts receivable issue, with initial positive results [3] Group 6: Project Highlights - The 25MVA high-voltage frequency conversion device project has passed national testing and is primarily applied in key energy-saving and new energy sectors [4] - The company has received orders for the West-to-East Gas Transmission project [4] Group 7: Operational Costs - The company has over 20 subsidiaries, leading to increased operational costs due to scale [4]

证券代码：002123 证券简称：荣信股份 编号：2015-11-26 荣信电力电子股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | √ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 调研员：（川财证券）贾宁、陈诤娴 | | 人员姓名 | | | | 时间 | 2015 年 11 月 | 26 日下午 15：00——16：00 | | 地点 | | 荣信电力电子股份有限公司六楼会议室 | | 上市公司接待人 | 证券事务部长：张洪涛 | ； | | 员姓名 | | | | 投资者关系活动 | 一、 | 签署调研承诺书。 | | 主要内容介绍 | 二、 访谈开 ...

Group 1: Company Overview - Rongxin Electric Power Electronics Co., Ltd. focuses on mobile information services, primarily supporting enterprise-level communication services, intelligent traffic management, and mobile IoT [1] - The company was established in 2001, initially engaging in SP business, and shifted to enterprise-level SMS applications after 2007 [1] Group 2: Business Performance - The enterprise SMS business has seen rapid growth, with revenue contributions from the financial sector at approximately 35%-40%, and over 80% of domestic internet companies as clients, contributing around 45% to revenue [2] - The company holds the leading market share in the enterprise SMS sector, accounting for about 3-4% of the market, with potential for further growth [2] Group 3: Growth Metrics - The enterprise SMS business has experienced a compound annual growth rate (CAGR) of 60%-70% since 2012, with current revenue continuing to grow rapidly [3] - The volume of SMS sent by clients has increased significantly, from 100,000 messages per month to over 200 million messages per month [3] Group 4: Intelligent Traffic Management - The company launched intelligent traffic management services in July 2015, signing contracts with 70-80 clients, including major companies like Tencent and Wanda Group [4] - The market size for forward traffic is estimated at 500-600 billion, with a prediction that 40% will shift to a backward payment model [4] Group 5: Future Plans - The company plans to enhance market share in the enterprise SMS sector without acquiring competitors, focusing on leveraging its scale and customer base [5] - In the audio and video communication sectors, the company may consider cash equity partnerships, with potential for full acquisitions in the future [5]

证券代码：002123 证券简称：荣信股份 荣信电力电子股份有限公司投资者关系活动记录表 编号：2016-01-14 | --- | --- | --- | |-----------------------------|----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路 ...

Group 1: Company Performance - The total SMS volume for the first half of the year is expected to exceed 19 billion [2] - The revenue from traffic primarily comes from the State Grid, with a shift towards provincial network cooperation anticipated [2] - The company has seen a significant increase in single customer order amounts, with some reaching 20 to 30 million [3] Group 2: Market Trends - The market for traffic is expected to evolve from C-end consumption to B-end, with a growing acceptance of traffic services among customers [3] - The company believes that the third-party market could capture a significant share of the traffic market, potentially equal to that of operators [3] - The company is focusing on enhancing its cloud communication platform to maintain a competitive edge in the evolving market [4] Group 3: Strategic Initiatives - The company is investing heavily in traffic market resources, including personnel and technology, despite current market uncertainties [3] - A major upgrade to the SMS push system has been implemented, allowing for cloud distribution and cross-network communication [4] - The company aims to leverage its existing advantages in SMS and cloud communication to lead in the traffic market [3][4]

荣信股份（002123）：深圳梦网科技调研纪要（20160422） 调研时间：2016 年 4 月 22 日 14:00-16:30 地点：上海西郊宾馆 2 号楼礼堂 公司领导：荣信股份董事长余文胜、董秘李局春、副总裁陈新、副总裁田飞冲、副总裁文力 与会的投资机构：方正证券、中投证券、长江证券、川财证券、兴业证券、华创证券、安信证券、 华泰证券、民生证券、中信证券、中金公司、海通证券、广发证券、东方证券、东北证券、国泰 君安证券、光大证券、广发基金、星石投资、摩根华鑫基金、中海基金、国投瑞银、兴业全球、 泰达宏利基金、中银基金、银河基金、财通基金、中欧基金、国泰基金、中银国际资管、诺德基 金、浙商资管、誉华资产、永赢基金、尚雅投资、玖石资本、永安国富基金、滚石投资、从容投 资、融通基金、财通基金、广发自营、新沃基金、华安基金、让资本、海富通基金、中邮基金、嘉 实基金、华宝兴业基金、华融证券、易方达基金、长安基金、凯石投资、长信基金、浦银安盛基 金、招商基金、长安信托、博道投资等 调研纪要： 首先余总对公司情况进行了全面的概括介绍： 一、资本市场历程： 梦网科技之前做企业短信，从 08 年开始寻求资本市场合作， ...

Group 1: Business Development and Strategy - The company divides its traffic business into three segments: forward traffic, backward traffic, and internet traffic, with backward traffic being the main focus for growth [1] - A significant contract was signed with the Bank of Communications Credit Card Center, which is expected to enhance traffic business offerings [2] - The company plans to release a new traffic product next year, indicating ongoing investment in this area [2] Group 2: Market Position and Competition - The company has not experienced significant customer loss due to strong technical and platform advantages, with a major client estimating a switch would cost at least 5 million yuan and take six months [3] - The SMS business has a gross margin of over 30%, but it is expected to decline next year due to increased competition [3] - The company aims to expand its market coverage by launching a self-service cloud communication platform for small and medium-sized clients [3] Group 3: Industry Trends and Challenges - The traffic business is seen as having enormous potential, with the industry still in its early stages, leading to low concentration [3] - The company emphasizes the importance of data security and has refused partnerships that compromise customer data [3] - The company believes that the trend of large enterprises collaborating directly with telecom operators will not replace the need for third-party services [2] Group 4: Future Outlook - The company is optimistic about the growth of the traffic business, with expectations of significant market expansion [3] - The company is developing an open intelligent cloud communication platform aimed at small and medium-sized enterprises [4] - The pricing strategy for traffic products is based on customer budgets and needs, which is considered a commercial secret [2]

证券代码：002123 证券简称：梦网荣信 梦网荣信科技集团股份有限公司投资者关系活动记录表 编号：2017-07-25 | --- | --- | --- | |----------------|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | √ 现场参观 | | | | □ 其他 （ ） | | | 参与单位名称及 | 联合调研： | 国金证券股份有限公司 ...

证券代码：002123 证券简称：梦网集团 梦网荣信科技集团股份有限公司投资者关系活动记录表 编号：2018-03-15 | --- | --- | --- | |---------------|-------------------------|----------------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关 | □ | 媒体采访 □业绩说明会 | | 系活动类 | □ 新闻发布会 □路演活动 | | | 别 | √ 现场参观 | | | | □其他 （ ） | | | 参与单位 | | 广发证券股份有限公司；平安资产管理有限公司；广州金控资 | | 名称及人 | 产管理有限公司等。 | | | 员姓名 | | | | 时间 | 2018 年 3 月 15 | 日 13:30~14:30 | | | 深圳市南山区高新中四道 | 30 号龙泰利科技大厦 5 层会议室 | | 地点 | | | | 上市公司 | | 梦网集团副总裁兼董事会秘书李稷文先生。 | | 接待人员 姓名 | | ...

证券代码：002123 证券简称：梦网集团 梦网荣信科技集团股份有限公司投资者关系活动记录表 编号：2018-03-07 | --- | --- | --- | |----------|------------------------|------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | 投资者关 | √ 媒体采访 □业绩说明会 | | | 系活动类 | □ 新闻发布会 □路演活动 | | | 别 | √ 现场参观 | | | | | √其他 （ 分析师与投资者交流 ） | | | | 申万宏源证券；方正证券；广发证券；安信证券；申银万国证券研 | | | | 究所有限公司；中金公司；长城证券；天风证券；海通证券；西部 | | | | 证券；金元证券；渤海证券；川财证券；世纪证券；证券时报；上 | | | | 海证券报；中国证券报；光大证券；民生证券股份有限公司；广州 | | 参与单位 | | 证券；广发基金；博时基金；万好万家基金；大成基金；宝盈基 | | 名称及人 | | 金；巨极（深 ...