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 ...

证券代码：002194 证券简称：武汉凡谷 编号：191101 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 | 中金公司：闫慧辰 | 华泰证券：陈歆伟、付东 | | 人员姓名 | 德邦证券：张天 东兴证券：李美贤 | | | | | 融通基金：田祥光 中国人寿资产管理：章翔 | | | 中国平安：韩允健 | 华安财保资产管理：刘宇辙 | | | 申万菱信基金：孙琳 | | | 时间 | 2019 年 11 月 4 日下午 | 1:30 | | 地点 | 公司 4 号楼 3 ...

证券代码：002194 证券简称：武汉凡谷 编号：191001 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 √ | 电话会议 | | 参与单位名称及 | 中金公司：闫慧辰 | Coatue：Mike Jaksa | | 人员姓名 | | 天风证券：王奕红、姜佳汛、王茜、李晶、朱怡静 | | | | 朱雀基金：臣深艳 中信保诚基金：张伟 | | | | 中融鼎投资：李亚军 征金资本：蔡硕 | | | 甄投资产：朱庆新 | 长盛基金：张磊 | | | 新华资产：耿金文 西部证券：杜伟 | | | | 万杉资本：许建平 万联证券：黄超 | | | | 天晴投资：陈安 | 滕硕资 ...

Group 1: Company Overview - Wuhan Fangu Co., Ltd. was established in 1989 and listed on the Shenzhen Stock Exchange in 2007. The company specializes in the R&D, production, sales, and service of RF devices and subsystems, primarily focusing on filters, duplexers, and RF subsystems [3]. - The company has maintained a leading position in the filter sector for nearly 30 years, with major clients including Huawei, Ericsson, and Nokia [3]. Group 2: Financial Performance - In Q3 2019, the company achieved a revenue of 405 million CNY, representing a year-on-year increase of 31.68% [3]. - The net profit attributable to shareholders was 48.3014 million CNY, up 186.02% year-on-year [3]. - For the first three quarters of 2019, total revenue reached 1.198 billion CNY, a year-on-year growth of 41.48%, with a net profit of 118 million CNY, reflecting a 322.49% increase [4]. Group 3: 5G Product Development - The company is actively synchronizing its 5G product development with customer needs, with some models already certified and sold, while others are still undergoing certification [4]. - Currently, the majority of the company's revenue still comes from 4G products [4]. Group 4: Production Capacity and Market Demand - Factors affecting production capacity include market demand, technical complexity, production efficiency, and quality requirements. The company currently has sufficient orders and is operating at full capacity [4]. - The company aims to maintain flexible production capabilities to meet customer demands [4]. Group 5: Customer Concentration - The mobile communication equipment industry is highly concentrated, with major clients being the top three global mobile communication equipment manufacturers: Huawei, Ericsson, and Nokia [5]. - Sales proportion details can be referenced from the 2018 annual report [5]. Group 6: Investment Activities - The company has established an industrial investment fund focused on the communication sector, with investments in Shenzhen Noxinbo Communication Co., Ltd. and Ningbo Jujia New Materials Technology Co., Ltd. [6]. - The investments in these companies are relatively small and are not expected to significantly impact the company's financial status or operational results for the year [6]. Group 7: Shareholder Actions - The company has disclosed plans for share reductions by major shareholders, which will not significantly affect the company's fundamentals [6]. - The gross profit margin has gradually recovered, reaching approximately 23% in the first three quarters of 2019 [6].

Group 1: Company Performance - The company reported a 47% increase in revenue from RF device products compared to the same period last year, achieving sales of 792 million yuan in the first half of 2019 [2][3]. - The net profit, excluding non-recurring gains, was 66.7 million yuan [2][3]. Group 2: Market Position and Clients - The company has established itself as a supplier to the top three global mobile communication equipment manufacturers: Huawei, Ericsson, and Nokia, with market shares of 49%, 21%, and 20% respectively as of 2018 [5][6]. - The company has a strong vertical integration advantage in the filter sector, having focused on this field for nearly 30 years [6]. Group 3: Strategic Investments - The company has set up an investment fund, with a 42% stake in the Changsha Huaye High-tech Private Equity Fund, amounting to 84 million yuan [4]. - Investments have been completed in Shenzhen Noxinbo Communications Co., Ltd. and Ningbo Jujia New Materials Technology Co., Ltd. [4]. Group 4: R&D and Production - The company is advancing its 5G ceramic dielectric filter development according to a milestone plan, with some models already in mass production [4][5]. - The company is optimizing production processes to enhance efficiency and yield rates [5]. Group 5: Financial Management - The average collection period for accounts receivable is 75 days for Huawei and approximately 90 days for Ericsson and Nokia, ensuring timely cash flow [6].

证券代码：002194 证券简称：武汉凡谷 编号：171001 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 | 证券时报：曾灿 | | | 人员姓名 | | | | 时间 | 2017 年 9 月 29 日 | | | 地点 | 不适用 ( 电话沟通 | ) | | 上市公司接待人 员姓名 | 邹堃 | | | | 证券时报 ·e | 公司记者曾灿先生与公司董秘邹堃先生就以下问题进 | | 投资者关系活动 主要内容介绍 | 行了电话沟通： | | | | 1 、介绍公司在 | 5G ...

Group 1: Company Overview - Wuhan Fangu Co., Ltd. was established in 1989, primarily producing RF devices for mobile communication base stations, including duplexers, filters, and RF subsystems [2][3] - Major clients include global telecom equipment integrators such as Huawei, Ericsson, and Nokia, with Huawei being the largest customer [3] Group 2: Industry Challenges - The industry exhibits significant cyclicality; for instance, 2014 marked the first year of large-scale 4G network construction, leading to strong performance across RF device manufacturers [3] - In 2016, the company reported its first loss since going public, with further losses reported in the 2017 Q3 report due to industry cyclicality, product price reductions, and underutilized production capacity [3][4] Group 3: Financial Performance - The company faced increased losses in 2017, attributed to high fixed costs from underutilized production capacity and significant employee severance payments during restructuring efforts [4][5] - The gross margin was negative due to pricing pressures from concentrated downstream customers in the RF communication industry [4][5] Group 4: Strategic Initiatives - The 2018 operational strategy focuses on adjusting market development strategies to enhance profitability [4] - The company aims to reduce costs in mature businesses and explore new business opportunities in the 5G era, including IoT and vehicle networking [4] Group 5: Market Dynamics - The demand for RF devices is influenced by the increasing density of base stations required for 5G networks, although the overall demand scale may not increase proportionately due to cost-cutting measures by operators [6] - The value of RF devices in a base station is relatively low, typically amounting to several thousand RMB in a base station worth tens of thousands of RMB [6]

证券代码：002194 证券简称：*ST 凡谷 编号：190601 | --- | --- | --- | |----------------|---------------------------------|----------------------------------------------------------------------------------------| | | | | | 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 □电话会议 | | 参与单位名称及 | 中小投资者：叶晶、黄才金、刘竞 | | | 人员姓名 | | | | 时间 | 2019 年 6 月 3 日下午 | 1:30 | | 地点 | 公司 4 号楼 3 楼证券部 | | | 上市公司接待人 | | 公司副总裁兼董事会秘书彭娜女士、证代李珍女士 | | 员姓名 | | | | 投资者关系活动 | Q | ：公司股权激励的行权目标设置情况？ | | 主要内容介绍 | A ：公 ...

证券代码：002194 证券简称：*ST 凡谷 编号：190401 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 | 证券日报：赵谦德、李万晨曦 | | 人员姓名 | 中小投资者代表：王继平、曾庆、周远航、於杨 | | 时间 | 月 24 日下午 3:00 | | 地点 | 号楼 3 楼 1 号会议室 | | 上市公司接待人 员姓名 | 孟凡博先生、吴昊先生、夏勇先生、朱晖先生、彭娜女士 | | | 2018 年度股东大会等待网络投票结果、合并及现场网络投票结 | | 投资者关系活动 主要内容介绍 | 果的环节，来访者与公司董事会及高管团队成员以 Q&A 方式对以下 | | | 问题进行了 ...

Group 1: Company Performance and Financials - The company has submitted the 2018 annual report inquiry response materials to the Shenzhen Stock Exchange, which are currently under review [2] - In 2018, the overall communication industry faced intensified competition, leading to a decline in sales revenue, while the gross profit margin increased due to resource integration and cost reduction measures [3] - The company's major clients include Huawei, Ericsson, and Nokia, accounting for 49%, 21%, and 20% of sales respectively in 2018 [4] Group 2: Accounts Receivable and Client Relationships - The company maintains stable relationships with strong international telecom equipment integrators, ensuring timely repayment of accounts receivable within credit terms [3] - The company’s clients typically conduct bidding processes at the end of the year or mid-year, which influences future order volumes [4] Group 3: Shareholder Actions and Stock Repurchase - The company’s board member reduced holdings by 4,000 shares in May 2019, while a major shareholder reduced holdings of 54,000 shares in April 2019, acknowledging the seriousness of the violation [5] - The company plans to repurchase shares with a total fund of no less than RMB 25 million and no more than RMB 50 million, with a maximum price of RMB 7.5 per share [5] Group 4: Employee and Organizational Structure - The company currently employs around 4,000 people and aims to enhance human resources to meet business needs [8] Group 5: Product Development and Market Impact - The company offers various 5G filter products, including metal cavity and dielectric resonator types [7] - The impact of the Huawei incident on the company’s order volume has been minimal, with current orders remaining robust [7]