证券代码：002194 证券简称：武汉凡谷 编号：160501 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 | 和君集团：顾舒婷、陈剑喜 | | | 人员姓名 | | | | 时间 | 2016 年 5 月 5 | 日上午 9:40——11:00 | | 地点 | 证券部会议室 | | | 上市公司接待人 员姓名 | 张伟、李珍 | | | | | 来访者首先对和君集团的业务进行了简短介绍，接着与会双方对 | | 投资者关系活动 | | 公司定增、未来发展方向等展开了互动交流，具体情况如 ...

证券代码：002194 证券简称：武汉凡谷 编号：160703 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 | | 南方工业资产管理有限责任公司：孙杨军、吴言一 | | 人员姓名 | | 中国人寿资产管理有限公司：赵花荣、苗劲崴 | | | | 中植产业投资有限公司：刘立哲、王晓洲 | | | 新时代证券股份有限公司：徐辉 | | | | | 中再资产管理股份有限公司：程军 | | | 紫马基金：李敏 | | | | | 北京柒零鸿商投资基金管理有限公司：付冬瑞 | | | | 中车金证投资有限公司：郭小雨、王小建 | | | | 淮海天玺投资 ...

证券代码：002194 证券简称：武汉凡谷 编号：160704 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 | 西南证券：郑澜 | | | 人员姓名 | | 华融证券股份有限公司：晏渊、张晓 | | | 长城国瑞证券有限公司：欧阳达 | | | | | 深圳市亚派成长投资管理有限公司：韩志坚 | | | 中国东方资产管理公司：曲征南 | | | | | 深圳市前海盈合投资有限公司:吴海杰 | | | | 深圳市前海和盛资本管理有限公司：黄雪瑜 | | | | 深圳朴素资本管理有限公司：刘宇琪 | | | | 深圳市天策创业投资管理企业：关天杰 | | | ...

证券代码：002194 证券简称：武汉凡谷 编号：160801 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 | | 深圳国投资本管理有限公司：林昭 | | 人员姓名 | | 中新融创资本管理有限公司：刘松涛 | | | | 北京和君资本管理有限公司：周顺燕、顾舒婷 | | | | 湖北正煊股权投资公司：陈汉武、艾小倩 | | | | 深圳前海千般资本管理有限公司：李亚鹏 | | | 东海基金管理有限公司：李昂 | | | | | 北京国兵晟乾投资管理有限公司：兰晓强 | | 时间 | 2016 年 8 月 16 | ...

证券代码：002194 证券简称：武汉凡谷 编号：160502 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 | | 兴业证券：熊彬正 东北证券：李新、石晓彬、熊军 | | 人员姓名 | | 川财证券：黄超 瑞华控股：秦军 | | | | 华融证券：张保 世纪证券：肖晓恩、陈勇等 | | 时间 | 2016 年 05 月 12 | 日上午 10:00——11:20 | | | | | | 地点 | 公司 6 号楼 1 号会议室 | | | 上市公司接待人 员姓名 | ...

Group 1: Company Performance and Financials - The company's sales revenue from Huawei accounted for approximately 70% of total revenue in 2015 [3] - Factors affecting the company's poor profitability in the first half of the year include product price reductions, increased R&D investment, and significant depreciation from new fixed assets [3] - The company expects its 2016 performance to be below expectations due to product price reductions, increased R&D investment, and delays in the capacity transfer of some system equipment manufacturers to domestic markets [4] Group 2: Automation and Production - The company has a complete industrial chain with high automation rates in front-end processes, while back-end processes have lower automation rates, which is common in the industry [3] - The company's automation research and production will initially focus on internal use before considering external promotion [4] Group 3: Market Outlook and Strategic Direction - The company is optimistic about future profitability improvements through overseas market expansion, new product launches, and management improvements such as lean management [3] - The company aims to conduct mergers or collaborations around its main business or related upstream and downstream fields, such as new communication technologies and automation [4] - The impact of 5G on the company includes smaller product forms due to higher frequencies and greater base station density [5]

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]