调 研 记 录 时间：2015 年 3 月 3 日 地点：福建万润新能源科技有限公司会议室、福建纳川管材科技股份有限 公司会议室 调研机构：长江证券股份有限公司、东海基金管理有限责任公司、华泰柏 瑞基金管理有限公司、湖南源乘投资管理有限公司、上海申银万国证券研究所 有限公司、中国银河金融控股有限公司、中国中投证券自营部、工银瑞信基金 管理有限公司、中银国际证券有限责任公司、广发证券股份有限公司、中海基 金管理有限公司、融通基金管理有限公司、海通证券股份有限公司、国信证券 资产管理总部、银河基金管理有限公司、兴业证券股份有限公司、安信基金管 理有限责任公司、信诚基金管理有限公司、太武投资、厦门普尔投资管理有限 责任公司、厦门老友投资管理有限公司、华夏基金管理有限公司、东方证券资 产管理有限公司、农银汇理基金管理有限公司、广州中楷股权投资基金管理有 限公司、宝盈基金管理有限公司。 调研对象：福建纳川管材科技股份有限公司、福建万润新能源科技有限公 司 现场发言人：福建纳川管材科技股份有限公司董事会秘书罗靖先生、福建 万润新能源科技有限公司董事长黄键先生、副董事长凌玉章先生和总经理李大 敏先生。 一、公司目前所处的行 ...

Group 1: Company Overview and Strategic Direction - The acquisition of Dada Technology's equity will facilitate the integration of resources in the new energy vehicle industry, marking a transition from a traditional manufacturing enterprise to a more competitive "manufacturing + internet" company [4] - The company aims to develop a full industry chain layout in the new energy vehicle sector, focusing on "online promotion + offline operation + core component supply" [4] Group 2: Dada Technology's Business Model - Dada Bus, launched by Dada Technology, provides customized transportation services, including direct commuting and charter services, addressing urban residents' travel needs [4] - Currently, Dada Bus operates nearly 2,000 routes, serving over 2 million users across more than 30 cities, making it a leader in the customized bus market [5] Group 3: Future Plans and Market Demand - Dada Technology plans to sign contracts for 3,000 new energy vehicles in 2016, 6,000 in 2017, and 12,000 in 2018, significantly promoting the use of new energy vehicles in customized bus services [5] - The company anticipates a growing demand for customized buses due to increasing private car ownership and congestion during peak hours, aiming to convert private car users to collective bus travel [5][6]

证券代码：300198 证券简称：纳川股份 福建纳川管材科技股份有限公司投资者关系活动记录表 编号：2020-08-04 | --- | --- | --- | |----------------|-------------------------------|-------------------------------------| | | | | | 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 | 光大永明 - | 刘奇 光大永明 - 王申璐 | | 人员姓名 | 永赢基金-王佳音 中融基金-熊健 | | | | 九泰基金 - | 王鹏 大家资管 - 张浩 | | | 建信养老-刘洋 光大永明-杨岚 | | | | 建信基金-李若兰 富安达-栾庆帅 | | | | | 中信建投基金-冯天成 中庚基金-周汝昂 | | | 东方资管-裴政 中邮基金-肖雨晨 | | | | 国联安-张一健 富国基金-徐颖真 | ...

证券代码：300198 证券简称：纳川股份 编号：2020-08-02 | --- | --- | --- | |----------------|--------------------------|------------------------------------------------------| | | | | | 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 | 泰信基金司 - | 何俊春 海富通基金-彭志远 | | 人员姓名 | 中再资产 - | 赵勇 太平洋证券-王瑞彩 | | | 富国基金-徐颖真 儒均资本 | - 曾海涛 | | | | 必达控股-卢燕 华商基金-王芳 华安资产-曾海乔 | | | | 上海季胜投资-陈正标 宁波梅山保税港区沪通投资 - 顾远 | | | | 凯兰德资产-黄峰 中金公司-黄婷 安信证券-汪磊 | | | | 浙江投融谱华资产-李新 长城证券研究 ...

证券代码：300198 证券简称：纳川股份 福建纳川管材科技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 | | 长城证券-濮阳、周申力、黄林燕 长江证券-李浩 | | 人员姓名 | | 兴业证券自营-王雨涵 东证证券资管-吴丹 | | | | 恒越基金-高楠 华安基金-苏勤盛 中泰证券自营-郑锦旺 | | | 睿亿投资-李敬尧 长江资管 | - 杨杰 光大永明 - 杨赫尘 | | | | 国海富兰克林基金-赵宇烨 拾贝投资-孙伟诚 | | | 中信证券股衍部 - | 王亚男 金元顺安-王思远 | | | 民生信托- ...

证券代码：300198 证券简称：纳川股份 福建纳川管材科技股份有限公司投资者关系活动记录表 编号：2020-08-27 | --- | --- | --- | |----------------|-------------------------|-------------------------------------------------------| | | | | | 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 | | 广发证券-邹戈，郭鹏；富国基金-徐颖真；东方证券资产-胡 | | 人员姓名 | 晓；国信证券-黄道立 | | | 时间 | 2020 年 8 月 27 | 日 15:30 | | 地点 | 公司总部会议室 | | | 上市公司接待人 | 董事长：陈志江 | | | 员姓名 | 副总经理：刘铮 | | | | 财务总监：汪海 | | | | 董事会秘书：姚俊宾 | | | ...

Financial Performance - In the first half of 2020, Nanchuan Co., Ltd. reported operating revenue of 346.2481 million yuan, with a net profit attributable to shareholders of 18.6135 million yuan [3] - Revenue breakdown: - Pipe sales: 153.7215 million yuan - Material trading: 180.0609 million yuan - New energy (powertrain): 1.5572 million yuan - Infrastructure investment: 10.9084 million yuan [3] Investor Relations Activities - The investor relations activity took place on September 10, 2020, at the company headquarters [2] - Participants included various investment firms and representatives from asset management companies [2][3] Future Plans and Strategies - Nanchuan aims to enhance its environmental protection industry chain and contribute to national infrastructure and water quality protection [3] - The company is cautious about its estimated daily related transactions with Changjiang Ecological Environmental Group, projected not to exceed 120 million yuan [4] Market Engagement - The company encourages investor visits and has disclosed recent survey activities, welcoming institutional investors [5] - As of mid-2020, the Changjiang Ecological Environmental Group has signed strategic cooperation agreements with 11 provinces and cities along the Yangtze River, resulting in 335 projects with a total investment of 71 billion yuan [5]

证券代码：300198 证券简称：纳川股份 福建纳川管材科技股份有限公司投资者关系活动记录表 编号：2020-09-17 | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------------| | | | | | 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 | 华创证券 -- | 王彬鹏 东方证券--黄骥 | | 人员姓名 | | 国海证券—赵越 光大永明资产--杨赫尘 | | 时间 | 2020 年 9 月 15 日 | 15:00 9 月 17 日上午 | | 地点 | 公司总部会议室 | | | 上市公司接待人 | 副总经理：傅义营 | | | 员姓名 | 董事会秘书：姚俊宾 | | | 投资者关系活动 | 一 ...

证券代码：300198 证券简称：纳川股份 福建纳川管材科技股份有限公司投资者关系活动记录表 编号：2020-11-02 | --- | --- | --- | --- | |----------------|----------------------------|----------------------------------------|----------------------------------| | | | | | | 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 | 金元顺安 - | 王思远 工银瑞信-赵宪成 光大永明-杨赫尘 | | | 人员姓名 | 源乘投资 - | 刘小瑛 泓澄投资-曹中舒 希瓦资产-洪俊骅 | | | | 彤源投资 - | 李华冰 沣京资本-高波 东方自营-王树娟 | | | 时间 | 2020 年 11 月 2 | 日 10:00 | | | 地 ...

Raw Material Management and Cost Control - The company plans to strengthen scientific management of raw materials to mitigate risks associated with price fluctuations, which significantly impact operating performance due to high raw material cost ratios [4]. - The company is facing risks from fluctuations in raw material prices, which are significantly influenced by international crude oil prices [108]. - The company has identified potential risks from geopolitical issues, such as the US-China trade tensions and the Russia-Ukraine conflict, which could impact raw material costs [110]. Research and Development - The company aims to enhance product R&D capabilities and improve product performance to increase added value, thereby maintaining gross margins amidst intensified competition in the plastic processing industry [5]. - The company has invested 100 million RMB in R&D for new technologies, focusing on sustainable materials and processes [22]. - The company continues to focus on the development of new products and technologies, particularly in the field of HDPE and composite pipes [24]. - The company is focusing on enhancing its research and development capabilities to drive innovation and competitiveness in the market [198]. Market Expansion and Competitive Position - The company will focus on expanding its market presence and enhancing brand recognition for its pipe and new energy vehicle products to reduce risks from competitive pressures [6]. - The company is actively pursuing market expansion, with plans to enter three new provinces by the end of 2022, aiming for a 25% increase in market share [22]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to enhance its competitive position [24]. - The company plans to expand its market presence and invest in new product development to drive future growth [200]. Financial Performance and Revenue - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15% [22]. - The company’s operating revenue for the first half of 2022 was ¥217,508,956.62, representing a decrease of 13.76% compared to ¥252,201,910.18 in the same period last year [32]. - The net profit attributable to shareholders was -¥37,274,792.48, a significant decline of 6,629.44% from ¥570,872.33 in the previous year [32]. - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2022, which would require a growth rate of approximately 10% in the second half [22]. Strategic Initiatives and Partnerships - The company is advancing its PPP business model, which has gained traction due to national infrastructure investment policies, while also addressing the complexities and risks associated with such projects [8]. - A new partnership with a leading environmental technology firm is expected to drive innovation and improve service offerings in the water management sector [22]. - The company is committed to enhancing its competitive edge through brand strategy and technological innovation in the pipeline sector [41]. Corporate Governance and Social Responsibility - The company emphasizes its commitment to corporate social responsibility, actively creating value for shareholders while fulfilling obligations to employees, customers, and society [123]. - The company maintains a stable profit distribution policy and aims to enhance transparency and communication with investors through various channels [124]. - There were no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company [131]. Cash Flow and Investment Activities - The net cash flow from operating activities improved to -¥2,144,018.31, a 97.23% increase compared to -¥77,373,468.06 in the same period last year [32]. - Net cash flow from investment activities was 13,745,207.64, a significant increase of 125.90% compared to the previous period, attributed to adjustments in cash flow reporting [87]. - The net cash flow from financing activities was -25,497,846.77, a decrease of 123.44%, due to a substantial reduction in debt repayment expenditures and decreased financing inflows [87]. Product Development and Innovation - New product development includes the introduction of HDPE materials specifically designed for the nuclear power industry, expected to launch in Q4 2022 [22]. - The company has established a joint research laboratory for nuclear-grade HDPE materials, filling a gap in the domestic market for nuclear-grade piping [49]. - The company has developed a heat-resistant polyethylene composite pipe suitable for high-temperature applications, enhancing its aging resistance and thermal conductivity [65]. Financial Health and Liabilities - Total assets at the end of the reporting period were ¥3,455,779,630.69, a decrease of 2.65% from ¥3,549,740,145.60 at the end of the previous year [32]. - The total liabilities increased to 71.27 billion, up from 57.15 billion, marking an increase of approximately 24.7% [200]. - The company reported a total of 162,138,500 restricted shares before the change, with a decrease of 38,760,437 shares, resulting in 123,378,063 restricted shares after the change, representing a reduction of approximately 23.9% [157].