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 ...

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]

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 ...

证券代码：002194 证券简称：*ST 凡谷 编号：190604 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 | 中信证券：郑泽科、程萍、雷蔚 | | | | 人员姓名 | 九派资本 ：余浩 正煊资本：石章前 | | | | | | | | | | 湖北白云边投资有限公司：李肖洋 | | | | 时间 | 2019 年 6 月 17 日下午 | 2:45 | | | 地点 | 公司 4 号楼 3 | 楼证券部会议室 | | | 上市公司接待人 员姓 ...

证券代码：002194 证券简称：*ST 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：190603 | --- | --- | --- | |-----------------------|------------------------------------|----------------------------------------------------| | | | | | 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 | | 三井住友：孙伟 瑞银资管：张展竑 | | 人员姓名 | | 富兰克林邓普顿：孙通 新思路投资：杨山锐 | | | 中金公司：刘诗仪、曾兰迪 | | | 时间 | 2019 年 6 月 14 日下午 | 2:00 | | 地点 上市公司接待人 | 公司 4 号楼 3 | 楼证券部会议室 | | 员姓名 | | 公司副总裁兼董事会秘书彭娜女士、证代李珍女士 | | 投资者关系活动 | Q | ...

证券代码：002194 证券简称：*ST 凡谷 编号：180901 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 | 中信建投证券：阎贵成 | | | 人员姓名 | | | | 时间 | 2018 年 9 月 4 日上午 | 10：00 | | 地点 | 公司 4 号楼 3 楼 3 | 号会议室 | | 上市公司接待人 员姓名 | | 公司副总裁兼董事会秘书彭娜女士、证券事务代表李珍女士 | | 投资者关系活动 | 调研会议以 Q&A | 方式进行，主要沟通问题如下： | | 主要内容介绍 | Q ...

Group 1: Company Performance and Goals - The company has started to reduce losses in the mid-year report and aims for profitability by the end of the year [2] - Employee count has decreased by several hundred compared to the end of last year, with a reduction of over 100 in R&D personnel, although core R&D staff remains stable [3] Group 2: Product Development and Market Position - The RF subsystem includes products such as duplexers, filters, couplers, and low-noise amplifiers [3] - The main difference between 5G and 4G RF products is frequency and miniaturization; initial costs for 5G products may be higher, but costs are expected to converge as the industry matures [3] - The company is not significantly affected by the ZTE incident, as it does not rely heavily on chips and can source raw materials domestically [4] Group 3: Inventory and Production - Inventory accounts for 15.72% of total assets, primarily consisting of mobile communication RF device stock, raw materials, and semi-finished products [5] - The company has seen significant improvement in inventory turnover compared to previous years, indicating a reasonable inventory level based on production and sales models [5]

证券代码：002194 证券简称：*ST 凡谷 编号：181201 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 | 中国人寿养老保险股份有限公司：吴庚辛 | | | 人员姓名 | 上海山楂树甄琢资产管理中心：陈静 | | | 时间 | 2018 年 12 月 20 日下午 | 3： 00 | | 地点 | 公司 1 号会议室 | | | 上市公司接待人 员姓名 | | 公司副总裁兼董事会秘书彭娜女士、证券事务代表李珍女士 | | | 调研会议以 Q&A | 方式进行 ...