证券代码：002418 证券简称：康盛股份 编号：2016-008 | --- | --- | --- | |-----------------------|----------------------------|--------------------------------------------------------| | | | | | 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 （投资者接待日） | | | 参与单位名称及 | | 富国基金研究员孙柏蔚、富国基金研究员于洋、东北证券执行 | | 人员姓名 | 董事王博 | | | 时间 | 2016 年 6 月 30 | 日上午 10:00 到 11:30 | | 地点 | 浙江康盛股份有限公司会议室 | | | 上市公司接待人 员姓名 | | 董事长兼董事会秘书陈汉康、证券事务代表王丽娜 | | 投资者关系活动 | | 与会调研人员就公司家电产品制冷管业务经营情况及新 | | 主要内容介绍 ...

Group 1: Company Strategy and Market Position - The company is a leading enterprise in the refrigeration pipe industry, with a market share of over 30% in refrigerator refrigeration steel pipes and over 50% in the condenser market, ranking first in both production and sales [3] - The core development strategy is "transformation and upgrading, integration of production and finance," aiming to diversify from solely refrigeration parts to include new energy vehicle components [3][4] - The company has acquired three automotive parts companies in 2015, which primarily serve clients such as Zhongzhi New Energy Automobile Co., Ltd. and Wulong Electric Vehicle Group Co., Ltd. [4] Group 2: Financial Performance and Commitments - The acquired automotive parts companies successfully met their performance commitments in 2015, with expectations to continue achieving these targets in 2016 [4][6] - The financial commitments for the acquired leasing company include net profits of no less than RMB 70 million, RMB 100 million, and RMB 140 million for the years 2015, 2016, and 2017, respectively [5][6] - The company expresses confidence in achieving the 2016 performance commitments for the leasing company [6] Group 3: Future Developments and Market Expansion - The leasing company will expand into the new energy vehicle sales sector, addressing high initial purchase costs and maintenance prices, thereby stimulating market demand [5] - The company plans to maintain control over Zhongzhi New Energy Automobile Co., Ltd. for 36 months, with potential equity transfer contingent on performance metrics [7] - Zhongzhi New Energy currently produces buses, special vehicles, and logistics vehicles, with a strong operational status and multiple production bases established across various provinces [6][7]

Group 1: Company Overview and Business Model - The company has successfully integrated its operations in the automotive parts sector, with confidence in meeting performance commitments for 2016 based on the first quarter results [3] - The financing leasing company primarily operates through traditional financing leasing methods, with plans to expand into the new energy vehicle sector to alleviate high upfront costs for customers [4] - The strategic planning for the automotive sector focuses on quality, uniqueness, scale, and technology, aiming for a comprehensive industrial chain from parts manufacturing to service [4] Group 2: Future Plans and Market Strategy - The company is transitioning from a single focus on refrigeration components to a dual model that includes both refrigeration and new energy vehicle businesses, aiming for growth in both sectors [5] - There are considerations for potential acquisitions of companies that align well with the current business and have favorable growth prospects [5] - The planned merger fund will target investments that align with national industrial policies and support the new energy sector, enhancing the company's industrial chain [6] Group 3: Market Performance and Shareholder Value - The company's stock price is influenced by various market factors, and it remains committed to creating greater value for shareholders [6]

Group 1: Company Overview and Business Strategy - Zhejiang Kangsong Co., Ltd. is focusing on transforming from a single home appliance component business to a dual model of home appliance and new energy vehicle (NEV) components [1][4]. - The company aims to maintain stable growth in its core home appliance business while actively developing the NEV sector, creating a diversified industrial development model [5]. Group 2: Key Clients and Market Position - The three acquired NEV component companies primarily serve clients such as Zhongzhi New Energy Automobile Co., Ltd., Wulong Electric Vehicle Group Co., Ltd., and others [2]. - Kangsong is a leading enterprise in the home appliance refrigeration pipe industry, with significant market shares in components like condensers [4]. Group 3: Financial Performance and Future Plans - The company is confident in achieving the performance commitments of the three acquired automotive parts companies and the financing leasing company [5]. - Future plans include a potential acquisition of Zhongzhi New Energy Automobile, contingent on specific performance metrics being met [6]. Group 4: Industry Trends and Development Goals - Zhongzhi's strategic planning emphasizes quality, specialization, expansion, and technological advancement in the NEV sector [2][3]. - The company is committed to establishing a full industrial chain layout from component manufacturing to sales and leasing services in the NEV market [3].

Group 1: Market Position and Product Performance - The company holds a leading position in the refrigeration pipe industry, with a market share of over 30% in the refrigerator steel pipe market and over 50% in the condenser pipe market, ranking first in both production and sales [3] - The "aluminum replacing copper" project for air conditioning has shown growth in production and sales, contributing to new profit growth points for the company [3] Group 2: Financial Performance - The net profit attributable to the parent company for Q3 2015 was 68 million yuan, with an expected annual net profit ranging from 80 million to 110 million yuan, marking a turnaround from previous losses [4] - The improvement in financial performance is attributed to strict control of expenses and the acquisition of new energy vehicle parts, which has significantly increased profits [4] Group 3: Strategic Investments and Future Plans - The company is optimistic about the future market prospects of "aluminum replacing copper" products, with a focus on expanding into various air conditioning applications [5] - The acquisition of three new energy vehicle parts companies aims to optimize asset structure and enhance core competitiveness, while maintaining stable growth in the main business [6][7] Group 4: Stock and Investor Relations - The company's stock price is influenced by market conditions, and it aims to create greater value for shareholders through continuous efforts [5] - The strategic investment by Zhongzhi is based on confidence in the company's development prospects and will not lead to changes in actual control [5]

Group 1: Company Performance - In 2015, the company effectively controlled manufacturing costs in the home appliance parts sector, leading to improved product gross margins and profitability in this segment [3] - The market share for refrigerator refrigerant steel pipes exceeds 30%, with the market share for condenser pipes exceeding 50%, ranking first in the industry for both production and sales [3] Group 2: Strategic Development - The core development strategy is "transformation and upgrading, integration of industry and finance," transitioning from a single focus on refrigeration appliance parts to a dual model of refrigeration appliance parts and new energy vehicle (NEV) business [3] - The company has successfully acquired three NEV component companies and one financing leasing company, with all four companies meeting performance commitments during the reporting period [4] Group 3: Financing and Leasing Operations - The registered capital of the financing leasing company, 富嘉租赁, is $50 million, which supports its business operations through self-funding and financing from various financial institutions [4] - 富嘉租赁 primarily adopts a sale-leaseback model to mitigate operational risks, with plans to expand into direct leasing and other types of leasing based on customer needs [4]

证券代码：002418 证券简称：康盛股份 编号：2016-011 | --- | --- | --- | |-----------------------|----------------------------|--------------------------------------------------------| | | | | | 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 （投资者接待日） | | | 参与单位名称及 | | 国海证券电力设备新能源行业研究员边文娇、太平洋证券新能 | | 人员姓名 | | 源研究员张文臣、太平洋证券汽车行业研究员方杰 | | 时间 | 2016 年 11 月 8 | 日下午 14:00 到 16:00 | | 地点 | 浙江康盛股份有限公司会议室 | | | 上市公司接待人 员姓名 | | 董事会秘书毛泽璋、证券事务代表王丽娜 | | 投资者关系活动 | | 与会调研人员就公司家电产品制冷管业务经营情况 ...

Group 1: Company Strategy and Market Position - The company is a leading player in the home appliance refrigeration pipe industry, with significant market share in components like condensers. A stable development strategy is essential due to the low profit margins in the current market [2] - The core development strategy focuses on "transformation and upgrading, integration of production and finance," transitioning from a single focus on refrigeration components to a dual focus on refrigeration and new energy vehicle components [2] - The company plans to leverage its expertise in new energy vehicle key components to provide financial support through leasing, effectively combining industrial production with modern financial services [2] Group 2: Product Innovations - The "aluminum instead of copper" product line significantly reduces material and processing costs, enhancing the efficiency of air conditioning refrigeration systems through innovative structural changes [3] - The new aluminum alloy air conditioning pipe system offers advantages such as improved heat exchange efficiency, superior corrosion resistance, and better environmental sustainability [3] Group 3: Financial Performance and Projections - The company’s subsidiary, Fujia Financing Leasing Co., is expected to contribute significantly to profits through traditional leasing services and will expand into the new energy vehicle sales sector [4] - The company has established a merger fund aimed at investing in projects aligned with national industrial policies and the new energy sector, enhancing its industrial chain [4] - As of January 6, 2016, the employee stock ownership plan acquired 3,942,794 shares, representing 1.04% of the total share capital, at an average price of approximately RMB 35.43 per share [5] Group 4: Future Plans and Commitments - The company is committed to maintaining control over Zhongzhi New Energy Vehicle Co. for 36 months post-agreement, with plans to transfer shares based on specific performance metrics [6] - Fujia Financing Leasing Co. is expected to meet its performance commitments, with net profits projected at RMB 70 million, RMB 100 million, and RMB 140 million for 2015, 2016, and 2017, respectively [7]

证券代码：002418 证券简称：康盛股份 编号：2016-012 | --- | --- | --- | |-----------------------|------------------------------|--------------------------------------------------------| | | | | | 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 （投资者接待日） | | | 参与单位名称及 | 天风证券：崔琰、张程航、吴用 | | | 人员姓名 | 东北证券：王建伟 | | | | 国金证券：张帅 | | | | 浙商证券：刘正、谭啸风 | | | | 国泰君安：邱子良 | | | | | | | 时间 | 2016 年 11 月 12 | 日上午 8:30 到 10:00 | | 地点 | 浙江康盛股份有限公司会议室 | | | 上市公司接待人 员姓名 | | 董事长陈汉康、董事会秘书毛泽璋 | | 投 ...

Group 1: Business Transition and Strategy - The company is transitioning from a focus on home appliance components to the new energy vehicle (NEV) sector, driven by low profit margins in traditional appliance parts and the need for sustainable growth [2] - The core development strategy is "transformation and upgrading, integration of production and finance," aiming to diversify into both home appliance and NEV components [2] - The company plans to enhance its core competitiveness and operational capacity through acquisitions and restructuring in the NEV parts industry [4] Group 2: Product Innovations and Advantages - The "aluminum instead of copper" product line significantly reduces material and processing costs, improving heat exchange efficiency and corrosion resistance [3] - The new product structure features a flat, thin, and porous parallel flow design, representing a technological upgrade over traditional copper systems [3] Group 3: Clientele and Market Position - The acquired NEV parts companies primarily serve clients such as Zhongzhi New Energy Automobile Co., Ltd., and Dongfeng Motor Corporation, among others [4] - The company aims to optimize its asset structure and enhance profitability through strategic acquisitions in the NEV sector [4] Group 4: Future Acquisition Plans - The company does not rule out future acquisitions of high-quality assets that align with its development needs in the NEV sector [4] - Current investments include stakes in hydrogen fuel cell producers and battery management system developers, preparing for future growth [4]