Summary of the Conference Call Company and Industry Overview - The conference call pertains to the company "Qingdao Port" and its performance in the lithium battery, photovoltaic, and smart logistics industries [1][2][3]. Key Financial Metrics - In Q1 2025, the company reported revenue of 3.098 billion yuan and a net profit of 365 million yuan, with a gross margin of 34.53%, showing significant growth compared to the previous quarter [2][6]. - New orders exceeded 6 billion yuan in Q1 2025, marking a year-on-year increase of over 100%, driven by domestic expansion from leading companies and overseas orders [2][3]. - The company achieved a gross margin of approximately 39%-40% in its lithium battery business, with overseas clients yielding margins 5 percentage points higher than domestic clients [2][10]. Order and Revenue Trends - The company signed new orders worth approximately 60 billion yuan in Q1 2025, with 40 billion yuan pending contracts expected to be recognized in Q2 [3][29]. - The order structure indicates that overseas orders accounted for about 35% in Q1 2025, while domestic lithium battery orders made up around 40% [3][29]. - The company anticipates a total new order target of 23 billion yuan for 2025, with expectations to exceed this goal [3][29]. Market Dynamics and Strategy - The company is the only global provider of complete solid-state battery production line equipment, with expectations for mass production by 2027, which will drive demand for equipment upgrades [2][14]. - The internationalization strategy has led to a stable growth rate of 20%-30% in overseas markets, with a global market share of 22.4% [4][15]. - The company plans to maintain a balanced growth rate between domestic and international orders, with domestic growth potentially exceeding 30% [4][16]. Cost and Expense Management - Sales expenses increased by 50 million yuan in Q1 2025 due to proactive market positioning, while financial expenses rose by 90 million yuan due to increased bank loan interest [6][20]. - The company expects financial expenses to decrease in Q2 2025 as cash flow improves and short-term loans are repaid [21]. Cash Flow and Accounts Receivable - The company reported positive operating cash flow of 864 million yuan in Q1 2025, indicating improved cash recovery from clients [7][8]. - The reduction in accounts receivable is expected to continue, leading to a decrease in impairment provisions and an increase in profits [31]. Impact of Tariffs and Global Operations - The impact of U.S. tariffs is minimal, with less than 1% of revenue affected, and the company has implemented measures such as trade transshipment and equipment disassembly to mitigate these effects [12][32]. - The company is actively communicating with U.S. clients to maintain equipment quality recognition and is applying for tariff exemptions [12][33]. R&D and Future Outlook - The company is investing in solid-state battery technology, with significant potential for market growth and collaboration with leading clients [13][14][28]. - The outlook for the photovoltaic and 3C markets remains positive, with expectations for continued growth in 3C orders and a strategic focus on niche markets in photovoltaics [27]. Conclusion - Overall, Qingdao Port is positioned for growth in the lithium battery and related sectors, with a strong focus on international expansion, cost management, and technological innovation, setting a positive outlook for 2025 and beyond [1][4][15].

Wuxi Lead Intelligent Equipment Co., Ltd. 2024 Environmental, Social and Governance (ESG) Report 目录 CATALOGUE About this Report 02 Overview Reporting Entity Reporting Period Basis of the Report Data Source and Reliability Form of the Report Contact Us About LEAD Sustainability Management System Special: Responses to Climate Change Corporate Governance Sustainable Supply Chains Labor and Human Rights Chairman Message 04 Introduction 08 Development History 09 Business Layout 10 Global Layout 11 Strategic Dire ...

Group 1: Financial Performance - In 2024, the company's overseas business revenue reached ¥2,831,336,507.36, an increase of 26.31% year-on-year, accounting for 23.88% of total revenue with a gross margin of 39.32% [2] - The company's cash flow situation has improved in Q1 2025, with ongoing efforts to reduce accounts receivable risks and optimize management processes [3] - The actual daily related transactions in 2024 were within the expected range, indicating normal business operations without significant impact on overall performance [4] Group 2: Business Development and Strategy - The company has launched a fully solid-state battery production line solution, achieving significant market recognition and repeat orders from leading clients in Europe, America, Japan, and South Korea [3] - The successful operation of the automated electrolyzer factory for hydrogen energy marks a significant milestone in the company's internationalization efforts [4] - The company plans to enhance its competitiveness through a platform strategy while exploring external growth opportunities in semiconductor equipment and other fields [5] Group 3: Technological Innovation - The implementation of an IoT cloud platform has significantly shortened product development cycles and improved the consistency of new energy equipment performance [5] - The company is actively conducting foreign exchange hedging to mitigate risks associated with currency fluctuations, enhancing financial stability [5] Group 4: Future Outlook - The company aims to achieve "excellent operation," "steady growth," and "agile innovation" as part of its long-term development strategy, focusing on lithium batteries, photovoltaics, and hydrogen energy [6]

Group 1: Company Performance - In 2024, the company reported a total revenue of 11.855 billion yuan, with a net profit attributable to shareholders of 286 million yuan, showing a narrowing decline compared to previous quarters [1] - The fourth quarter of 2024 saw a year-on-year net profit growth of 41.28%, indicating a significant improvement in financial performance [1] - For Q1 2025, the company achieved a revenue of 3.098 billion yuan and a net profit of 365 million yuan, representing a quarter-on-quarter growth of 12.94% and 213.29% respectively [1] Group 2: Industry Trends - The domestic new energy industry has been under pressure since 2023, but the operating rates of downstream lithium battery manufacturers have gradually increased since the second half of 2024, indicating a recovery in the industry [2] - The global lithium battery intelligent equipment market is projected to grow from 59.3 billion yuan in 2024 to 235.9 billion yuan by 2029, with a compound annual growth rate of 31.8% [2] Group 3: Order Growth and Global Strategy - The company's contract liabilities with CATL increased from 384 million yuan at the beginning of the year to 1.157 billion yuan at the end, indicating a more than twofold increase in orders from CATL [3] - The company reported a 26.31% year-on-year growth in overseas business revenue, reaching 2.831 billion yuan, with overseas revenue accounting for 23.88% of total revenue [3] Group 4: New Technologies and Standards - The Ministry of Industry and Information Technology released new safety standards for electric vehicle batteries, which are expected to accelerate the industrialization of solid-state and sodium-ion batteries [5] - The company has developed innovative solutions in composite electrolyte technology and AI quality inspection, positioning itself well for the upcoming market changes [5] Group 5: Emerging Industries - The rise of new industries such as eVTOL and humanoid robots is expected to broaden the application scenarios for new battery technologies, providing additional growth opportunities for the battery industry [6]

无 锡先 导 智能 装 备股 份 有限 公 司 审 计报 告 天 职业 字 [2025]18810 号 目 录 审 计 报 告 1 2024 年度财务报表 8 2024 年度财务报表附注 20 审计报告 天职业字[2025]18810 号 无锡先导智能装备股份有限公司全体股东： 一、审计意见 我们审计了无锡先导智能装备股份有限公司（以下简称"先导智能"或"公司"）财务报 表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、 合并及母公司现金流量表、合并及母公司股东权益变动表，以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了先 导智能 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司经营成果和 现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对财 务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职业道 德守则，我们独立于先导智能，并履行了职业道德方面的其他责任。我们相信，我们获取的审 ...

关于无锡先导智能装备股份有限公司 使用部分闲置募集资金暂时补充流动资金的核查意见 中信证券股份有限公司 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意无锡先导智能装备股份有限公司向 特定对象发行股票注册的批复》（证监许可[2021]1424 号）并经深圳证券交易所 同意，先导智能向特定对象发行股票 111,856,823 股，每股发行价格人民币 22.35 元，募集资金总额为人民币 2,499,999,994.05 元，扣除不含税发行费用后实际募 集资金净额为人民币 2,487,660,654.00 元。根据天职国际会计师事务所（特殊普 通合伙）出具的《验资报告》（天职业字[2021]33267 号），公司于 2021 年 6 月 10 日已收到主承销商中信证券扣除保荐承销费后划转的募集资金人民币 2,489,999,994.05 元。募集资金到账后，公司对募集资金进行了专户存储，并与保 荐人、存放募集资金的银行签署了募集资金专户存储监管协议。 中信证券股份有限公司（以下简称中信证券或保荐人）作为无锡先导智能装 备股份有限公司（以下简称先导智能或公司）2020 年向特定对象发行股票的保 荐人，根据 ...

中信证券股份有限公司 关于无锡先导智能装备股份有限公司 2024 年度募集资金存放与使用情况的核查意见 中信证券股份有限公司（以下简称中信证券或保荐人）作为无锡先导智能装 备股份有限公司（以下简称先导智能或公司）2019 年公开发行可转换公司债券、 2020 年向特定对象发行股票的保荐人，根据《证券发行上市保荐业务管理办法》 《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求（2022 年修订）》《深圳证券交易所创业板股票上市规则（2024 年修订）》《深圳证券交易 所上市公司自律监管指引第 2 号—创业板上市公司规范运作（2023 年 12 月修 订）》及《深圳证券交易所上市公司自律监管指引第 13 号—保荐业务》等相关法 律、法规和规范性文件的规定，对先导智能 2024 年度募集资金存放与使用情况 进行了审慎核查，核查意见如下： 一、募集资金基本情况 （一）募集资金金额和资金到账时间 1、2019 年公开发行可转换公司债券募集资金情况 经中国证券监督管理委员会于 2019 年 11 月 29 日《关于核准无锡先导智能 装备股份有限公司公开发行可转换债券的批复》（证监许可[2019]2309 ...

2024 年度独立董事述职报告（张明燕） 各位股东及股东代表： 本人（张明燕）作为无锡先导智能装备股份有限公司（以下简称"公司"） 独立董事，严格按照《公司法》、《证券法》、《上市公司独立董事管理办法》、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 以及《公司章程》、《独立董事工作制度》等相关法律、法规、规章的规定和要 求，在 2024 年度工作中，诚实、勤勉、独立地履行职责，积极出席相关会议， 认真审议董事会各项议案，对公司重大事项发表了独立意见，切实维护了公司和 股东特别是中小股东的利益，较好地发挥了独立董事的独立性和专业性作用。现 将 2024 年度本人履行独立董事职责的工作情况报告如下： 一、独立董事的基本情况 无锡先导智能装备股份有限公司 （一）独立董事工作履历、专业背景及兼职情况 本人张明燕，女，1956 年出生，中国国籍，无境外永久居留权。南京理工大 学会计学教授，硕士研究生导师。曾任南京理工大学泰州科技学院副院长、南京 工业大学浦江学院副院长、南京审计大学金审学院特聘教授、苏州高博软件职业 技术学院副校长、中国兵工会计学会华东分会秘书长、《兵工会计》杂志主编、 ...

一、独立董事的基本情况 无锡先导智能装备股份有限公司 2024 年度独立董事述职报告（郭霞生） 各位股东及股东代表： 本人（郭霞生）作为无锡先导智能装备股份有限公司（以下简称"公司"） 独立董事，严格按照《公司法》、《证券法》、《上市公司独立董事管理办法》、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 以及《公司章程》、《独立董事工作制度》等相关法律、法规、规章的规定和要 求，在 2024 年度工作中，诚实、勤勉、独立地履行职责，积极出席相关会议， 认真审议董事会各项议案，对公司重大事项发表了独立意见，切实维护了公司和 股东特别是中小股东的利益，较好地发挥了独立董事的独立性和专业性作用。现 将 2024 年度本人履行独立董事职责的工作情况报告如下： 2.本人作为公司董事会薪酬与考核委员会委员，对公司的薪酬与考核制度执 行情况进行监督，重点听取了高级管理人员的工作汇报,审查了公司薪酬管理制 度的制定和执行情况、促进了限制性股票激励计划和股票期权激励计划的实施, 切实履行了薪酬与考核委员会委员的责任和义务。 （一）独立董事工作履历、专业背景及兼职情况 本人郭霞生，男，1981 年出 ...

无锡先导智能装备股份有限公司 2024 年度独立董事述职报告（戴建军） 各位股东及股东代表： 本人（戴建军）作为无锡先导智能装备股份有限公司（以下简称"公司"） 独立董事，严格按照《公司法》、《证券法》、《上市公司独立董事管理办法》、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 以及《公司章程》、《独立董事工作制度》等相关法律、法规、规章的规定和要 求，在 2024 年度工作中，诚实、勤勉、独立地履行职责，积极出席相关会议， 认真审议董事会各项议案，对公司重大事项发表了独立意见，切实维护了公司和 股东特别是中小股东的利益，较好地发挥了独立董事的独立性和专业性作用。现 将 2024 年度本人履行独立董事职责的工作情况报告如下： 一、独立董事的基本情况 （一）独立董事工作履历、专业背景及兼职情况 本人戴建军，男，1970 年出生，中国国籍，无境外永久居留权，本科学 历，执业律师。曾任东南大学校机关副科长、江苏省法学会港澳台法律研究会 理事、江苏致邦律师事务所执业律师、南京佳力图机房环境技术股份有限公司 独立董事，现任江苏致邦律师事务所高级合伙人、执业律师，兼任南京三宝科 技股份有限 ...