Group 1: Sales and Marketing Strategy - The company employs a "regional + industry" sales organization structure to sell products and provide technical services to mid-to-high-end low-voltage electrical customers nationwide. For large procurement customers with high service requirements, the company adopts a direct sales model [2]. - The company has developed a multi-brand strategy, with "TYT" as the main brand and "TYT 泰永", "TYT 长九", and "TYT 源通" as sub-brands, enhancing its reputation in the mid-to-high-end customer segment of the low-voltage electrical industry [3]. Group 2: Production and Capacity - The company has manufacturing centers in both Guizhou and Chongqing, with production capacity being roughly equal between the two locations [3]. - As of now, the company has over 100 R&D personnel, with a focus on forward-looking research in Shenzhen, while also having R&D teams in Zunyi and Chongqing [3]. Group 3: Financial Performance - The company enjoys a high gross margin due to its strong brand and technical advantages in the domestic dual power supply market [3]. - The product update cycle for circuit breakers is approximately 5-10 years, with the company planning ahead by 3-5 years for market positioning [3].

Business Overview - The company has been engaged in the research, production, and sales of low-voltage circuit breakers, dual power automatic transfer switches, and industrial control automation products since its establishment [2][3]. - The main products include distribution electrical appliances, power electrical appliances, terminal electrical appliances, control electrical appliances, complete equipment, fire protection equipment, and new energy charging equipment [3]. Product Advantages - The dual power automatic transfer switch series products have a high gross margin, driven by superior product technology and operational methods [3]. - The company’s products feature advanced technologies such as digital magnetic drive, short-circuit switching protection, and power phase loss protection, providing significant technical advantages over similar products [3]. - The company has manufacturing centers in Guizhou and Shenzhen, with Guizhou focusing on a fully autonomous production model and Shenzhen employing a combination of self-assembly and outsourcing [3]. Market Strategy - The company adopts a "regional + industry" sales organizational structure to provide comprehensive pre-sale, in-sale, and after-sale support to mid-to-high-end low-voltage electrical customers nationwide [3]. - The company aims to become a leading low-voltage electrical manufacturer by focusing on technological accumulation and innovation, enhancing specialization, and closely aligning with downstream customer needs [3]. Long-term Vision - The company plans to continue its growth in the domestic low-voltage electrical market, emphasizing differentiation and aiming to build a well-known domestic low-voltage electrical brand [3].

证券代码： 002927 证券简称：泰永长征 贵州泰永长征技术股份有限公司 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 （请文字说明其他活动内容） | | 参与单位名称及 | 平安证券 综合研究所 王霖 | | | 人员姓名 | | | | 时间 | 2019 年 5 月 17 | 日 上午 11:00 | | | | | | 地点 | | 深圳市南区山高新科技园高新中一道长园新材料港 F 栋 4 楼 | | | 子公司会议室 | | | 上市公司接待人 员姓名 | 余辉、韩海凤 | | | 投资者关系活动 | 问：公司 19 | 年一季度 ...

证券代码： 002927 证券简称：泰永长征 贵州泰永长征技术股份有限公司投资者关系活动记录表 编号：2018001 | --- | --- | --- | |-----------------------|--------------------------|----------------------------------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 安信证券 研究中心 傅鸿浩 | | | 人员姓名 | | | | 时间 | 2018 年 5 月 30 | 日 上午 10:00 | | 地点 | | 深圳市南区山高新科技园高新中一道长园新材料港 F 栋 4 楼 | | | 子公司大会议室 | | | 上市公司接待人 员姓名 | 贺贵兵、韩海凤 | | | 投资者关系活动 | | 本次调研 ...

证券代码：002927 证券简称：泰永长征 编号：2021-002 贵州泰永长征技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|-------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：002927 证券简称：泰永长征 编号：2021-003 贵州泰永长征技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|----------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | ■特定对象调研 \n□新闻发布会 □路演活动 \n ...

1 证券代码：002927 证券简称：泰永长征 编号：2022-001 贵州泰永长征技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|-----------------------------------------------|-------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | □特定对象调研 \n□现场参观 \n□其他 | □分析师会议 \n□媒体采访 ■业绩说明会 \n□新闻发布会 □路演活动 | | | 活动参与人员 | 线上参与公司 ...

Group 1: Company Overview and Market Position - The low-voltage electrical industry is highly competitive, with few companies showing long-term growth potential. The company's products are positioned in the mid-to-high end market, with approximately 40% of patents being invention patents, indicating a strong technological foundation [1] - The company focuses on the production and sales of charging piles, emphasizing product quality, reliability, and safety. Key clients include major operators like China Putian and BYD, as well as large real estate groups [1][2] Group 2: Charging Pile Business Insights - Currently, the sales revenue from charging piles is relatively small but growing rapidly. The sales of AC charging piles dominate in quantity, while DC charging piles account for about 20% to 30% of total sales revenue [2] - The average price for AC charging piles ranges from 1,500 to 2,000 RMB, while DC charging piles, such as the 120kW model, are priced around 50,000 RMB. The gross margin for charging piles is estimated to be around 30% [2][3] Group 3: Future Plans and Market Trends - The company plans to expand its charging pile business, particularly in high-speed service area charging stations, and is exploring partnerships with government investment platforms [2] - According to the Passenger Car Market Information Joint Conference, the retail sales of new energy passenger vehicles reached 556,000 units in October 2022, a year-on-year increase of 75.2%. The company aims to enhance its focus on the new energy sector, including the establishment of an independent new energy division [3] Group 4: Competitive Landscape and Risks - The company faces competition from both domestic and joint venture brands, with a focus on technological innovation and differentiation as key competitive advantages [4] - The risk of bad debts from real estate clients is considered manageable, as the company does not engage in direct trade with real estate companies [4]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 208,515,104.86, a decrease of 16.78% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 29,265,219.31, down 8.12% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 28,252,173.39, a decrease of 4.45% compared to the same period last year[4] - Total operating revenue for the third quarter was CNY 668,750,513.69, a decrease of 2.5% compared to CNY 686,466,319.22 in the same period last year[21] - Net profit for the quarter was CNY 83,845,462.48, a decline of 4.2% from CNY 87,307,570.77 year-over-year[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,501,297,128.20, an increase of 7.94% from the end of the previous year[4] - As of September 30, 2022, total assets amounted to CNY 1,501,297,128.20, an increase from CNY 1,390,905,005.45 at the beginning of the year, reflecting a growth of approximately 8%[16] - Current assets totaled CNY 1,140,238,614.86, up from CNY 1,056,697,447.47 at the start of the year, indicating an increase of about 7.9%[17] - The company’s total liabilities increased to CNY 438,719,501.61, indicating a rise in financial obligations[18] - The company reported a total liability of CNY 457,635,181.70, an increase from CNY 400,606,815.57, indicating a rise in financial obligations[22] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 32,249,775.33, a significant increase of 3,673.05%[4] - The net cash flow from operating activities for Q3 2022 was ¥32,249,775.33, a significant improvement from a negative cash flow of ¥902,583.10 in Q3 2021[26] - Total cash inflow from operating activities amounted to ¥646,309,241.98, compared to ¥603,368,458.22 in the same period last year, reflecting a year-over-year increase of approximately 7.5%[26] - Cash outflow from operating activities was ¥614,059,466.65, slightly up from ¥604,271,041.32 in Q3 2021, resulting in a net cash flow of ¥32,249,775.33[26] Investments - The investment income for the year-to-date was CNY 7,050,148.65, an increase of 279.37% compared to the previous year[8] - The net cash flow from investing activities was -¥44,810,502.35, an improvement from -¥54,203,619.26 in Q3 2021[26] - Cash inflow from investing activities totaled ¥192,004,224.00, significantly higher than ¥51,935,965.57 in the previous year, indicating a strong increase in investment returns[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,574[10] - The total equity attributable to shareholders reached CNY 976,938,947.66, up from CNY 924,099,919.03, showing growth in shareholder value[22] Research and Development - Research and development expenses increased to CNY 36,348,586.82, up 21.2% from CNY 29,981,746.41, reflecting a commitment to innovation[22] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[22]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 460,235,408.83, representing a 5.58% increase compared to CNY 435,901,643.69 in the same period last year[20]. - The net profit attributable to shareholders was CNY 49,155,515.18, up 7.56% from CNY 45,702,170.35 year-on-year[20]. - Basic earnings per share increased by 10.00% to CNY 0.22 from CNY 0.20 in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was CNY 47,634,544.30, a 9.70% increase from CNY 43,423,721.35 year-on-year[20]. - The total comprehensive income for the period was CNY 54,528,598.43, compared to CNY 52,382,185.57 in the same period last year, marking a 4.1% increase[175]. - The company reported a total profit of CNY 57,834,595.40, compared to CNY 55,848,984.87 in the first half of 2021, indicating a growth of 3.5%[174]. - The company's total revenue for the industrial sector reached ¥460,235,408.83, representing a year-on-year increase of 33.19%[67]. - The revenue from power electrical products was ¥109,329,889.50, with a growth rate of 57.03% compared to the previous year[67]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 18,558,595.57, a 192.83% increase from a negative CNY 19,991,799.67 in the previous year[20]. - The company's investment activities generated a net cash flow of -¥71,828,520.16, a 75.80% increase in outflow due to accelerated investment in fundraising projects[63]. - Cash inflow from investment activities increased significantly to CNY 118,646,735.91 in the first half of 2022, up from CNY 50,217,884.34 in the first half of 2021[182]. - The ending cash and cash equivalents balance decreased to CNY 43,377,975.75 in the first half of 2022 from CNY 124,877,870.85 in the first half of 2021[182]. Research and Development - The company has increased its R&D investment, particularly in 5G communication, rail transit, smart grids, and new energy charging stations, to drive growth[30]. - The company's R&D investment increased by 31.45% to ¥26,286,592.71, up from ¥19,997,750.77, reflecting a commitment to innovation[63]. - The company is focusing on enhancing its research and development capabilities to innovate and improve its product offerings[186]. - The company has initiated research and development for new technologies aimed at enhancing operational efficiency and product offerings[189]. Product Development and Innovation - The company operates in the medium and low voltage distribution industry, focusing on smart distribution products and solutions for systems below 35kV[31]. - The company has launched the TYT FUTURE smart distribution management cloud platform, which integrates various smart distribution products to meet market demands[31]. - The company has developed a complete product line for substations, distribution, end-use, and charging, making it one of the few in the industry with such comprehensive offerings[29]. - The company has launched solid-state circuit breakers, leading the industry in innovation, particularly in the renewable energy sectors like wind and solar power[39]. Market Position and Strategy - The company is positioned to benefit from the increasing demand for medium and low voltage distribution products due to ongoing infrastructure projects and the growth of the green economy[29]. - The company plans to continue expanding its market presence and investing in new product development[77]. - The company has been recognized as one of the first "specialized and innovative" small giant enterprises by the Ministry of Industry and Information Technology since 2019, reflecting its strong R&D capabilities[55]. - The company emphasizes a high-end brand strategy and has achieved import substitution in various public infrastructure projects, enhancing its market position[54]. Risk Management - The company has identified potential risks in its operations and outlined corresponding countermeasures in the report[4]. - The company faced operational risks due to fluctuations in the macroeconomic environment and the impact of the COVID-19 pandemic, which affected market demand and procurement costs[89]. - The company plans to diversify its business structure by increasing efforts in the new energy vehicle, power grid, 5G communication, and industrial sectors to mitigate risks from the real estate market downturn[90]. Corporate Governance and Social Responsibility - The company emphasizes social responsibility and sustainable development, integrating these principles into its operations and striving for harmony among stakeholders[103]. - The company has established an environmental management system in compliance with ISO standards, focusing on effective waste management and energy conservation[107]. - The company established a special charity fund to provide assistance to needy groups in the western region, including education support and disaster relief[108]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[116]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, and its total share capital was reduced to 223,209,090 shares following the repurchase and cancellation of certain stock options and restricted shares[97][99]. - The total number of shares decreased from 223,355,600 to 223,209,090, a reduction of 146,510 shares, representing a 0.07% decrease in total share capital[142]. - The largest shareholder, Shenzhen Taiyong Technology Co., Ltd., holds 54.36% of the shares, totaling 121,328,480 shares[150]. - The company has no significant changes in shareholder equity or related matters during the reporting period[136].