证券代码：002194 证券简称：武汉凡谷 编号：161102 武汉凡谷电子技术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 | | | 参与单位名称及 | 信达证券：蔡靖 | | | 人员姓名 | | | | 时间 | 2016 年 11 月 23 | 日上午 10:40-11:40 | | 地点 | 公司 16 | 号楼证券部会议室 | | 上市公司接待人 员姓名 | 王志松、李珍 | | | | Q ：设立苏州子公司的目的？ | | | 投资者关系活动 主要内容介绍 | A：公司于 2016 | 年 1 月设立苏州子公司，现已正 ...

Company Overview - Wuhan Fangu Co., Ltd. has over 20 years of experience in the development, production, and sales of RF subsystems and components for mobile communication systems [2][3] - The company has faced a decline in performance due to a slowdown in 4G investments and cyclical industry characteristics [3] 5G Development - The company is preparing for 5G technology, with ongoing research on standards and potential changes in product forms, materials, and processes [3][4] - Current production capacity is 200,000 sets per year, expected to increase to 300,000 sets by 2018 with an investment of approximately 5 million [4] Financial Performance - The company's gross profit margin has been affected by product structure and increased depreciation from new fixed assets [5] - In 2015, the company’s production and sales did not show significant growth compared to 2014, primarily due to stable customer demand and changes in product structure [4][5] Client Base - Major clients include Huawei (approximately 66% of revenue), Ericsson, Nokia, and Motorola, with other clients accounting for about 34% [5] - The company has recently passed supplier certification with Hytera, indicating potential for future market expansion [5] Market Trends and Strategies - The company is exploring external growth opportunities through mergers or collaborations in related fields [5][6] - There is a trend towards integrating base station antennas and RF components, which the company is prepared for due to its expertise [6] Workforce and Capacity - Employee count increased from over 6,000 in 2014 to 8,000 in 2015, maintaining this level in 2016 [6] - The company is gradually implementing automation in production processes to enhance efficiency [7] Challenges and Future Outlook - The company faces challenges with the promotion of its dielectric products, which require time for market acceptance [7] - The demand for products is influenced by the capital expenditure of operators, which affects the need for filters [7]

Group 1: Company Overview - Wuhan Fangu Co., Ltd. is engaged in the production of communication filters, with a production capacity of 2 million sets in 2015, expected to reach 3 million sets by 2018 [2][3]. Group 2: Market and Product Insights - The company is preparing for the impact of 5G technology, which may lead to changes in product forms, materials, and processes, with a focus on miniaturization [3]. - Huawei accounts for approximately 66.67% (2/3) of the company's revenue, while other clients contribute about 33.33% (1/3) [3]. Group 3: Financial Performance and Projections - The company anticipates that 2016 performance will be below expectations due to factors such as product price reductions, increased R&D investments, and delays in capacity transfers from system equipment manufacturers [3][4]. - The management is optimistic about the fourth quarter of 2016, expecting to see the benefits of capacity transfers and product certifications [4]. Group 4: Corporate Governance and Employee Relations - The major shareholder's reduction in holdings is attributed to high equity concentration and personal financial needs [4]. - The company acknowledges the impact of stock prices on employee morale and is considering a second employee stock ownership plan, contingent on market conditions and legal regulations [4]. Group 5: Investor Relations - The meeting included discussions on recent capital market trends and effective communication strategies between listed companies and investors [5].

Financial Performance - The company projected a total loss of between 30 million to 40 million RMB for the year, with an actual loss of 165 million RMB reported [2][3] - In the first quarter, the company experienced a significant decline in sales due to delayed customer orders, resulting in a year-on-year sales drop [5] Operational Improvements - The company has implemented measures to address performance decline, including organizational restructuring, workforce reduction, automation upgrades, and budget control [3] - Since February 2017, the company has enhanced inventory management with more detailed and larger-scale inventory checks [4] Financial Management - The company raised 130 million RMB through a private placement last year, which did not meet expectations, prompting adjustments to funding strategies [4] - The company has not yet engaged in large-scale hedging due to the need for a specialized team and the complexity of the involved products [5] 5G Development - The company is actively participating in the 5G testing phase, having already shipped small batches of products to support system integrators [7] - The implementation of 5G will occur in two phases, with the first focusing on frequencies below 6GHz and the second introducing higher frequencies [7] Market Conditions - The domestic telecom operators have slowed their investment in 4G network construction, impacting the overall market dynamics [6] - The company aims to maintain stable gross margins through research and management improvements, despite the cyclical nature of the telecom network construction [6]

证券代码：002194 证券简称：武汉凡谷 编号：170501 武汉凡谷电子技术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 | | | 参与单位名称及 | | 新华基金：张欢 天风证券：姜佳汛 | | 人员姓名 | | 平安银行：陈琳 阳光保险：王涛 | | | | 方正证券：宋辉 兴业证券：熊彬正 | | | 英大保险资产管理有限公司：万冬 | | | 时间 | 2017 年 5 月 10 | 日上午 10：20 -11：30 | | 地点 | 公司 16 号楼证券部会议室 | | | 上市公司接待人 员姓名 | 邹堃、李珍 | | ...

证券代码：002194 证券简称：武汉凡谷 编号：161201 武汉凡谷电子技术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 | | | 参与单位名称及 | | 华创证券：张弋 巨杉资产：秦宇斌 | | 人员姓名 | | 华虹科技投资管理有限公司：柳东、陈鼎 | | 时间 | 2016 年 12 月 5 | 日上午 10:00-11:10 | | 地点 | 公司 16 | 号楼证券部会议室 | | 上市公司接待人 员姓名 | 王志松、邹堃、李珍 | | | | Q | ：请简要介绍下公司所处的行业？ | | 投资者关系活动 主要内容介绍 | A ...

证券代码：002194 证券简称：武汉凡谷 武汉凡谷电子技术股份有限公司投资者关系活动记录表 编号：170301 | --- | --- | --- | |-----------------------|----------------------------|----------------------------------------------------------------| | | | | | 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 | | 天风证券：容志能 创金合信基金：周志敏 | | 人员姓名 | | 财富证券：许亮 广州证券：周鹏宇 | | 时间 | 2017 年 3 月 10 | 日上午 10：20-11：40 | | 地点 | 公司 16 | 号楼证券部会议室 | | | | | | 上市公司接待人 员姓名 | 邹堃、李珍 | | | 投资者关系活动 | | 首先，公司董事会秘书向来访者介绍了公司所处的行业、公司产 ...

证券代码：002194 证券简称：武汉凡谷 武汉凡谷电子技术股份有限公司投资者关系活动记录表 编号：170101 | --- | --- | --- | |-----------------------------|------------------------------|--------------------------------------------------------------| | | | | | 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 | | 天风证券：程立 平安证券：汪敏 | | 人员姓名 | | 华夏基金：张永兴 华信资产：陈昊 | | | 新海天资本：彭霞、汪畅 | | | 时间 | 2017 年 1 月 20 | 日上午 9:30-11:10 | | 地点 | 公司 16 号楼证券部会议室 | | | 上市公司接待人 员姓名 | 邹堃、范志辉、李珍 | | | | 调研会议以 Q&A | 方式进行，主要沟通 ...

证券代码：002194 证券简称：武汉凡谷 武汉凡谷电子技术股份有限公司投资者关系活动记录表 编号：170201 | --- | --- | --- | |-----------------------------|------------------------------|----------------------------------------------------------------| | | | | | 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 | | 中泰证券：吴吉森 长城证券：余芳沁 | | 人员姓名 | | 招商证券：唐牧嘉 长江产业基金：李振 | | | | 鼎锋长江投资管理有限公司：陈志华 | | 时间 | 2017 年 2 月 10 | 日下午 2:00-3:00 | | 地点 | 公司 16 号楼证券部会议室 | | | 上市公司接待人 员姓名 | 邹堃、范志辉、李珍 | | | | | 首先，公司董事会秘 ...

证券代码：002194 证券简称：武汉凡谷 编号：180101 武汉凡谷电子技术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 | | | 参与单位名称及 | 太平洋证券：赵良毕 | | | 人员姓名 | | | | 时间 | 2018 年 1 月 12 | 日上午 10:00 -11：20 | | 地点 | 公司 4 号楼 3 | 楼会议室 | | 上市公司接待人 员姓名 | 邹堃、黄丹 | | | | 调研会议以 Q&A | 方式进行，主要沟通问题如下： | | 投资者关系活动 主要内容介绍 | Q ：目前对于 5G | 市场上存在两 ...