Group 1: Company Performance - The COVID-19 pandemic significantly impacted the company's Q1 performance, with a sales revenue decline of 28.74%. However, production and sales have fully recovered since April, aiming to match last year's sales in the first half and achieve annual targets [2] - The company's 2020 operational goal is to achieve a main business revenue of 6.721 billion RMB, an increase of 681 million RMB (11.27%) compared to 2019 [2] - The company aims to keep the growth rate of net profit not lower than that of operating revenue [2] Group 2: Inventory and Raw Materials - Distributor inventory levels are currently normal, as they manage cash flow effectively [2] - The company has a relatively high reserve of raw materials due to lower prices, which allows for increased inventory and cost locking through futures hedging [3] Group 3: Market and Partnerships - The company collaborates with several well-known real estate developers, with deep partnerships with Vanke, Evergrande, and China Overseas, which account for approximately 80% of the company's distribution [4] - The PPR product sales revenue in 2019 was approximately 1.07 billion RMB, representing 17% of total revenue [4] Group 4: Future Plans and Investments - The company plans to invest in two convertible bond projects in Yueyang (80,000 tons) and Huangyan (50,000 tons), along with further investments in Dubai and other locations [5] - The construction of the Hunan project began in 2019, with partial capacity expected by Q4 2020, although delays may occur due to the pandemic [5] Group 5: Cost Management - The company has implemented lean production practices to enhance management efficiency, which has positively impacted sales and cost control [6] - The export business in 2019 generated 731 million RMB, accounting for approximately 11.62% of total business volume, with pipeline exports around 400 million RMB and solar business exports at 300 million RMB [6]

证券代码：002641 证券简称：永高股份 2020 年 3 月 11 日投资者关系活动记录表 编号：2020-004 | --- | --- | --- | |----------------|-----------------------|--------------------------------------------------------| | | | | | 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 电话会议 | | | 参与单位名称及 | 机构投资者： | | | 人员姓名 | | 华泰证券 鲍荣富 张雪蓉 李亚军、上海汐泰 李妤、北京 | | | | 衍航投资 王辉、长城基金 周诗博、景林资产管理 周茜、 3W | | | Fund Management | 逯海燕、万达基金、南土资产管理 何 | | | | 亚东、图灵资产 赵子峰、彤源投资 李华冰、毅木资产管理 | | | | 蒋小东、趣时资产管理 熊林、中信证券 张妮、中欧基金 ...

证券代码：002641 证券简称：永高股份 编号：2020-018 2020 年 6 月 11 日投资者关系活动记录表（一） | --- | --- | --- | |----------------|-------------------------|----------------------------------------------------------| | | | | | 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 电话会议 | | | 参与单位名称及 | 机构投资者： | | | 人员姓名 | | 浙商证券 王聪敏、招商基金 严子奕、银河基金 李月 | | 时间 | 2020 年 6 月 11 | 日 | | 地点 | 公司证券部 | | | 上市公司接待人 | | 董事会秘书 陈志国、证券事务代表 任燕清、投资部副经理 | | 员姓名 | 李宏辉 | | | 投资者关系活动 | | 一、公司产能情况？主要产能在哪个地区？ | | 主要 ...

证券代码：002641 证券简称：永高股份 2020 年 6 月 4 日投资者关系活动记录表（一） 编号：2020-014 | --- | --- | --- | |-----------------------|-----------------------------|------------------------------------------------------| | | | | | 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 | 机构投资者： | | | 人员姓名 | | 安信证券 马丁、中信证券 陈中亮 | | 时间 | 2020 年 6 月 4 日 | | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | | 董事会秘书 陈志国、证券事务代表 任燕清 | | 投资者关系活动 | | 一、公司的营业收入是否为不含税金额？ | | 主要内容介绍 | 额。 | 是的，公司定期报告披露出来的营业收入 ...

Group 1: Company Overview and Performance - The company is currently operating normally, adhering to the principle of "expanding sources, saving costs, preventing risks, and ensuring implementation" [2] - Sales revenue dropped by over 300 million due to the COVID-19 pandemic in Q1, but production and sales have fully recovered since April, aiming to match last year's sales levels in the first half of the year [2] - The company targets to keep the growth rate of net profit not lower than that of operating revenue [2] Group 2: Sales Structure and Growth - The sales model is primarily channel distribution, accounting for approximately 70% of total sales, with real estate and export as supplementary [2][3] - Real estate business grew over 30% in 2019, and the company plans to deepen cooperation with major real estate developers like Vanke, Evergrande, and China Overseas [3] Group 3: Financial Management and Projections - The company has seen an increase in advance payments due to promotional activities in Q1 [3] - The company aims to achieve a target of 10 billion RMB in tax-inclusive sales over the next three years, with a potential to reach 10 billion RMB in sales without tax in four years [5] - The net profit margin improved in 2019, primarily due to cost control and market expansion, but still has room for improvement compared to peers [5] Group 4: Market Expansion and Product Pricing - The company is expanding its brand influence in weaker regions, having established six logistics centers in cities like Guiyang and Xi'an by the end of 2019 [4][5] - Average sales prices have decreased year-on-year following promotional activities, but prices are gradually recovering [5] - The company is increasing raw material inventory during low price periods and using futures to hedge against price fluctuations [4]

证券代码：002641 证券简称：永高股份 2020 年 6 月 8 日投资者关系活动记录表（二） 编号：2020-017 | --- | --- | --- | |----------------|------------------------|---------------------------------------------------------------------------------------------------------------------| | | | | | 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 电话会议 | | | 参与单位名称及 | 机构投资者： | | | 人员姓名 | | 太平洋证券 闫广、诺安基金 李迪、招商基金 王奇玮、诺德基金 杨雅荃、益民基金 赵若琼、写瑞资本 黄彬、创金合信基金 李游 | | 时间 | 2020 年 6 月 8 | 日 | | 地点 | 公司证券部 | | | 上市公司接待人 ...

Industry Overview - The growth rate of the plastic pipe industry is approximately 3% [2][3] - Smaller, lower-quality, and non-compliant companies are expected to be gradually eliminated as consumer awareness of environmental and safety issues increases [2][3] - Larger, reputable, and technologically advanced companies are expected to accelerate their development, enhancing their production capacity and overall competitiveness [3] Company Positioning - The company is well-positioned in the market with strong brand recognition and quality assurance, maintaining strategic partnerships with major real estate developers such as Vanke, Evergrande, China Overseas, and China Merchants [3][4] - The trend towards refined decoration in real estate favors companies with comprehensive product ranges and strong market presence [3] Future Development Goals - The management team expresses confidence in achieving the board's established goals, supported by improvements in sales team development and internal management [4] Performance Drivers - External factors contributing to performance include increased industry concentration, benefiting larger enterprises despite overall low growth in the plastic pipe sector [4] - Internal factors include enhanced management quality, improved market expansion capabilities, and reduced expense ratios, leading to steady sales growth [4] Business Growth Areas - The primary growth in the company's business is attributed to channel and real estate operations [4] Sales Model - The company primarily utilizes a channel distribution model, with approximately 65% of sales from channel distribution, 25% from engineering contracts (including real estate deliveries), and 10% from exports [4][5] Emerging Business Segments - Solar energy and electrical switch businesses are currently in the market cultivation stage, with the company focusing on expanding its solar application products and distributed photovoltaic power generation systems [5]

证券代码：002641 证券简称：永高股份 编号：2020-035 2020 年 10 月 20 日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 电话会议 | | | 参与单位名称及 | 机构投资者： | | | 人员姓名 | | 兴业证券 李阳、光大保德信基金 曾小丽 管皓阳 林晓枫、 | | | | 富达基金 周文群 董如枫、上海睿郡资产 丁晨霞、中意资产 | | | | 高云飞、中邮基金 肖雨晨、中银建投资管 易杰峰、中银资 | | | | 管 吴文钊、先锋基金 徐洁、同犇投资 王卫丰、呈瑞投资 杨 | | | | 类禹、国泰基金 刘波 路静 何伟、天弘基金 唐博、工 ...

证券代码：002641 证券简称：永高股份 2020 年 10 月 23 日投资者关系活动记录表 编号：2020-038 | --- | --- | --- | |-----------------------|--------------------------|------------------------------------------------------| | | | | | 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 | 机构投资者： | | | 人员姓名 | | 国金证券 丁士涛、涌峰投资 王泷皓 | | 时间 | 2020 年 10 月 23 | 日 | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | | 董事会秘书 陈志国、证券事务代表 任燕清 | | 投资者关系活动 | | 一、公司最近几年增速较好的原因？ | | 主要内容介绍 | | 公司最近几年保持较好的增长速度，最主要的还是 ...

证券代码：002641 证券简称：永高股份 2020 年 11 月 4 日投资者关系活动记录表 编号：2020-039 | --- | --- | --- | |-----------------------|-------------------------|----------------------------------------------------| | | | | | 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 | 机构投资者： | | | 人员姓名 | 银河证券 王婷 | | | 时间 | 2020 年 11 月 4 | 日 | | | | | | 地点 | 公司证券部 | | | 上市公司接待人 员姓名 | | 董事会秘书 陈志国、证券事务代表 任燕清 | | 投资者关系活动 | 一、公司对 | PVC 、PPR、PE 各类产品的发展规划？ | | 主要内容介绍 | 公司仍会以 | PVC 产品为主，同时会 ...