Summary of Conference Call Company and Industry - The conference call primarily discusses the exhibition industry, specifically focusing on the company involved in organizing trade shows in emerging markets like Indonesia and Dubai. The company is adapting its strategies in response to economic conditions and market demands. Key Points and Arguments 1. **Market Changes and Strategic Shift** The company has experienced significant changes in the market this year and is undergoing a strategic transformation to adapt to economic conditions, focusing on cost management and efficiency [2][3][4] 2. **Exhibition Attendance and New Models** The company reports a strong attendance at its exhibitions, leveraging a new data-driven model that enhances the quality and quantity of its database, allowing for more precise targeting of attendees [3][4][20] 3. **Economic Conditions in Target Markets** The economic situation in Indonesia is described as challenging, with consumer purchasing power still developing. The company aims to help businesses understand and penetrate this market through exhibitions [4][6][16] 4. **Export Opportunities and Challenges** The company highlights the importance of exhibitions as a primary channel for Chinese companies to export products, noting that approximately 70% of foreign trade is facilitated through participation in trade shows [9][10] 5. **Future Market Expansion** Plans for future exhibitions in Indonesia and Dubai are discussed, with an emphasis on the need for Chinese companies to explore new markets due to overcapacity in domestic production [6][7][24] 6. **Digital Transformation and AI Integration** The company is actively exploring digital transformation and AI applications to enhance sales and service efficiency, particularly in matching buyers and sellers [26][34] 7. **Local Operations and Workforce** The company has established a significant local presence in Indonesia, employing over 100 staff to facilitate operations, while also expanding its office in Dubai to support internationalization efforts [35][36] 8. **Profitability and Revenue Growth** The company anticipates that the upcoming years will see improved profitability and revenue growth, particularly in the industrial sector, as it continues to refine its strategic focus [24][25][30] Other Important but Overlooked Content 1. **Exhibition Features and Brand Building** The role of exhibitions in brand building and product launches is emphasized, with a focus on the need for companies to present new products to remain competitive [14][18] 2. **Market-Specific Preferences** The company notes that consumer preferences vary significantly by region, which necessitates tailored approaches for different markets, particularly in Indonesia [15] 3. **Long-Term Strategic Planning** The company is focused on long-term strategic planning, with a cautious approach to expanding its sales team and operations in response to current economic conditions [32][29] 4. **Collaboration with Established Brands** The company is collaborating with established brands and industry leaders to enhance its exhibition offerings and attract more participants [31][22] 5. **Challenges in Exporting to Indonesia** High tariffs and market entry barriers in Indonesia pose challenges for many companies, particularly those without established brands [18] This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the company's current status and future direction in the exhibition industry.

不得涉及影响社会或资本市场 未经西部证券事先书面许可任何机构或个人不得以任何形式复制、刊载、转载、转发、引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究及法律责任的权利 好的各位投资者晚上好我是西部证券的朋友曾庆世兄今天我非常开心请到一凡总来跟我们大家交流一下对于近期生猪生产价格等各个方面的一些情况然后我就先提一个大家都比较感兴趣的话题就做一个开场 我们注意到近期的整个租价是回落到了16块钱一公斤左右其实跟我们之前预想的年底的旺季还是有比较大的差距然后和十月份的高点比的话也有一个明显的回落您能不能帮忙分析分析出现租价回落的主要原因是什么呢就是多方面原因造成的总结起来就是阶段性的过剩以及需求不足还有成本的下降 先说这个需求的不足就是今年其实不忘记吗其实从二二三年这个疫情放开那一年开始就是这个烟蜡季它的这个烟蜡的消费的下降就非常的明显二二年对二二年放开了然后到了二三年就是去年去年其实本来大家对烟蜡季的需求是抱有很大希望的啊但是呢其实去年烟蜡季的这个实际的消费量就是在住出价很低的情况下实际的这个烟蜡消费量其实可能还没有二二年高然后今年 嗯就是虽然说经历了两年的这个失望了但是整个行业里 ...

然后这是他的一个22个最新的22个主动自由度的手我们看他那个接球的这个视频 这个特斯拉最新的这个零小手呢它是拥有22个自由度就跟人的整手的这个自由度真实的人手的整手的这个自由度呢是非常非常相近的它这22个自由度里面还包括了这个手腕的应该是两到三个自由度然后呢里面包括了20个电机这20个电机现在已经不是空心杯电机了大家能够从这个图上看到就是这个手腕这个部分红色的这个部分其实每一个小的这个 红色的这个块呢都是他的一个这个红色这个就是电机的驱动部分啊我是觉得他可能应该是用的是这个直流无刷的电机直流无刷的这个电机当然具体的他的这个型号后面的话我们也会再去讨论啊因为现在手有很多的这种驱动和传动的这个形式然后第二个视频的话是我们可以看到特斯拉他展示的一个手去接球的这么一个视频啊 那你可以看到几个特点它其实是把它第二代的手和第一代的手呢做了一个很明显的一个对比第一个呢就是说它上一代的这个手它是在手它是把它的这个驱动的这个关节呢放在了这个手腕上而且用的是这个就是在手腕上用的这个这种驱动单元而第三代的这个手呢可以看到它的这个粗细和第二代是差不多的但是手的自由度增加了很多自由度增加了很多这说明这个它的这个 这个20个这个直流无刷 ...

Summary of Conference Call Company and Industry - The conference call involved **Pedi**, a company in the **pet food industry** known for its growth potential and product offerings. Key Points and Arguments 1. **Financial Performance**: Pedi's recent financial data was discussed, indicating a strong performance in the pet food sector, particularly in overseas markets and ODM (Original Design Manufacturer) business despite concerns over U.S. tariffs [1][2]. 2. **Export Business Growth**: The company anticipates a **10% growth** in its export business, supported by operational efficiencies and new customer acquisitions, particularly in Southeast Asia and New Zealand [3][8]. 3. **New Zealand Operations**: The New Zealand facility is expected to contribute approximately **200 million** in revenue next year, with a **30% increase** in production capacity anticipated [3][4]. 4. **Brand Development**: The company has focused on enhancing its brand portfolio, particularly through online marketing strategies, resulting in a **70% increase** in sales during the Double Eleven shopping festival [5][10]. 5. **Product Line Expansion**: Pedi plans to introduce new products, including a new line of staple foods under the brand **Smart Balance**, expected to launch in the second half of next year [6][7]. 6. **Cost Management**: The company maintains a stable sales expense ratio of around **30%** of revenue, with expectations of increased spending as new product lines are launched [7][8]. 7. **Profitability Outlook**: The company estimates that achieving a revenue level of **600-700 million** will allow it to reach breakeven, with current gross margins around **40%** for direct sales [11][12]. 8. **Market Positioning**: Pedi aims to position its products in the mid to high-end market segments, with a focus on quality and brand differentiation [16][17]. 9. **Future Projections**: The company expects continued growth in its domestic and international markets, with a focus on expanding its staple food offerings and enhancing brand recognition [18][19]. Other Important Content - **Customer Acquisition**: New customer acquisitions in Europe and Canada are contributing to growth, with the domestic factory capable of handling increased orders from markets outside the U.S. [2][3]. - **Sales Strategy**: The company is concentrating on a few high-potential products rather than expanding its SKU count, aiming for a more focused approach to product development [20][21]. - **Investment in New Products**: The company is investing in new product lines, with a focus on ensuring successful market entry and consumer acceptance [22][23]. - **Shareholder Returns**: The company has completed a share buyback program and is considering future dividends, indicating a commitment to returning value to shareholders [23][24]. This summary encapsulates the key insights from the conference call, highlighting Pedi's strategic direction, financial performance, and market positioning within the pet food industry.

实际上我们这几年一直在做数字化转型后来这个数字化转型又不断在升级变成了数字化转型大家如果关注娟之家每年的年报的话大家可能会关注到这几年我们一直在推动公司转型升级完善发展战略 我们提出来要打造新模式组造新能力探索新布局在巩固这个家居主业的同时呢持续推进数字化转型升级形成居然之家一种特有的虽然是一个传统家居卖场但是形成一种特有的这种竞争优势和业务的增长点这个数字化转型我们主要体现在这么几个方面一个呢就是我们 打造了就是动窝这个家居产业服务平台这个家居产业服务平台主要聚焦于这个赋能产业服务用户促进整个家居家庄这个产业的转型升级这个是21年我们开始推出的这个平台取得了还是不错的效果11月末我们上线卖场1098家入住商户13万户 其中卖场和商货非居然体系的卖场和商货占比将近70%注册用户也达到了3000多万未来我们会继续推动产业服务平台行使产业数字化底座提升产业的全链路效率服务我们整个的 全球化布局赋能产业方面公司在继续在资源全渠道的商业管理系统全链路的去赋能品牌工厂经销商和卖厂也就是说东欧数字化产业服务平台它服务对象有品牌方也有经销商也有卖厂实现整个经营管理的一体化行业上下游数据的互联互通 过去实际上大家了解家庭卖场 ...

Summary of Conference Call Company and Industry Overview - The discussion revolves around the company's performance in the cross-border e-commerce and overseas warehouse sectors, highlighting the gradual increase in service attributes and the strengthening of the company's supply chain capabilities [1][2]. Key Points and Arguments 1. **Overseas Warehouse Performance**: - Revenue growth in overseas warehouses continues to exceed expectations, with a significant increase in the number of warehouses opened [1]. - The utilization rate of overseas warehouses is expected to improve, with November showing record high revenues [4][10]. 2. **Operational Efficiency**: - The company anticipates a decrease in the efficiency rate for overseas warehouses from 6% last year to approximately 3-4% this year due to the ramp-up of new warehouses [2]. - Plans for next year include optimizing warehouse layouts to enhance capacity and efficiency [2]. 3. **Cross-Border E-Commerce**: - The overall growth in cross-border e-commerce is projected to be around 10-15%, despite intense competition and rising shipping costs impacting profitability [3][11]. - Shipping costs in Q3 were significantly higher than the previous year, affecting profits by tens of millions [3]. 4. **Domestic Sales Challenges**: - Domestic sales have seen a year-on-year decline of 20%, attributed to a challenging market environment [4][12]. - The company expects modest growth of 10-20% in domestic sales next year, primarily driven by e-commerce platforms [12]. 5. **Cost Management and Future Investments**: - The company is focusing on transitioning from smaller warehouses to larger ones, with plans to sell off smaller facilities for approximately $10-20 million [7]. - Future investments in self-built warehouses are expected to improve profit margins significantly, with construction costs estimated at under $100 per square foot [8]. 6. **Market Outlook**: - The company remains optimistic about the U.S. consumer market, expecting stable demand despite inflationary pressures [20]. - The impact of potential tariff increases on cross-border e-commerce is considered manageable, with shipping costs being a more significant concern [21]. 7. **Client Relationships and Supply Chain Dynamics**: - The company is not experiencing significant competition for orders, as many clients are still sourcing from China rather than shifting to other countries like Mexico or Vietnam due to cost considerations [15][17]. - The company continues to explore new client relationships while maintaining stable operations with existing clients [14][16]. Additional Important Insights - The company is actively negotiating new shipping contracts to manage costs better and is aware of the competitive landscape in the e-commerce sector [10][22]. - The overall sentiment regarding the future of cross-border e-commerce remains positive, with expectations of continued growth despite current challenges [19][20]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the company's current performance and future outlook in the cross-border e-commerce and logistics sectors.

HI加智旋双轮驱动在那篇报告里面我们展望2024年提出了两个观点第一个是华为整个的智旋的合作不会受到车必有股权开放的影响另外一点在于说我们认为随着长安汽车区入股引望车企对于灵魂论等方面的一个担心HI的模式会在2025年全面铺开 其实我们在2023年去年的这个电话会里提到的这两个观点,随着今年自选四个品牌的全面的推出,问这些品牌的销量的超预期,其实是印证了的这整个的一个第一个观点,那落到HI模式全面铺开的这样的一个判断。 相信各位投资人最近也能够关注到像广汽包括说东风等等这些传统的央国体也陆续对接到HI的合作长安的Avita升级到了HI家的这种商业的模式甚至是像上次最近市场上的一些传言是比较多的那站在当前的这个时间点我们往2025年去进行展望 我们能够明显地看到华为车的合作的伙伴是在逐渐增多的所以我们开这场电话会核心是解决在当前的这个时间以下看似商业模式的变化这个合作伙伴的扩容但是里面这种底层的商业逻辑不变的是什么 我们一直认为这条主线的投资它不是比大家卷消息卷高层的消息去捕风捉影的搓一些波段相反是把握整个华为车的产业的趋势更能够去实现对每一轮行情的这种抓住所以说我们今天的分享主要分为三个部分第一块的是华为车过 ...

按照比如定制版的AC芯片那其实我和博通哥们也讨论过所以总体来说其实在功耗本身是一定能力降低的是吧那这次其实后续当文本模型图片理解模型包括视觉模型是一个中国上市之后那其实拼的很多时候拼的可能也就是在比如说这种 算计成本和比如说推移成本那么功耗包括比如说推移一下速度的一个优化其实都能够对于整个的一个后续模型的这种规划路径包括比如说对于模型开发化有比如说比较正向积极的一个 会不会在2017年有这么大的一个市场容量,有这么大的市场需求?我目前看起来说是可能有,但是可能对于实际像我们这种业内从业者来说,我们现在的状态可能就是一年开一年的 我们现在能够看清的是比如说明年明年我们用的这种芯片可能主要还是NV包括比如说可能比如说海外是因为它的国内的话可能会有部分的国产份额是吧那么提前比如一个大量采购这些从现在这个现状来说的话我认为说是确定性比较高的事情是确定性比较高的事情那么在后续研发当中会不会说有非常多比如说像这个其他芯片的一个比如说这样一个 那么我针对这个问题给的回复在说,我觉得也没有问题。 我觉得没有问题因为对于一个互联网公司来说尤其像是言论公司来说其实一直都有这样的一个风格就是说我对于一个单一芯片或者对于一个单一的一 ...

涉嫌违反上述情形的 我们将保留一切法律权利感谢您的理解和支持 谢谢各位投资人 大家下午好 我是方向传媒的分析师张旺奇那今天我们非常有幸的邀请到了方向文化的几位领导来给各位投资人做一个线上的交流 因为上周的话确实在这个中原平民合作会议上面政客有提到说要大力发展这个首发经济和这个冰雪经济那其实工商文化的话之前一直都在这两个方向上有非常深入的一个布局同时的话在AI3D这个ARVR方面的话公司的话也有非常深的一个基础的积累 那今天我们非常有幸的去邀请到了公司的这个总理李总、IR丛总和这个咱们的技术的一个总监金总来给大家交流。那丛总、李总给大家打个招呼,还有金总。好的好的,各位同事们下午好。 好的那就先请领导给我们先介绍一下公司目前的一个基本的情况啊我们之后再开放这个问答环节啊感谢嗯嗯好的好的那那下面由我来给大家更新一下公司的一个经济情况吧然后首先呢也是欢迎这个各位投资人这个来参加由咱们的方程传媒 来举行的这个关于风向文化的投资者交流会然后我是公司IRR同价制首先呢由我将这个公司金财务方面一到九月份的整个的一个财务数据或一个经济情况给大家做一个简单的介绍然后后面呢会有我们的这个金总这个呼吁总监金总来去给大家介绍一下关于 ...

7年间是在10%的程度也就是说历史上在过去7年中有90%以上的时间是超越这个价格的所以我们讲人体对2025年的工业机器行业的一个判断目前气价是一个铸底的状态那么期待拐点向上这个期待拐点向上的话需要国内的各种政策的落地真正的实施到需求的刺激起来 我们判断从9月24号开始到现在9月份、10月份、11月份、12月份已经三个月了那么后面的话我们讲很多政策的一个传递可能还需要一到两个季度那么我们观察一般来讲的话现在这个时候应该是一个区区的用期的一个淡季我们讲这个旺季这个一季度或者是这个 天气比较好的时候那么现在天气比较冷的时候是工业方面的用期的一个淡季包括一些制造业的需求很多比如说出口链的很多都是在美国的圣诞节之前啊所以就是高峰期那么现在已经而且加上海印的周期啊实际上现在基本上是只有像国防军工板块啊这个数据都是这个 大概快算是收入确认的高峰期大部分的一些目前的话制造业的话现在已经一个淡季了那么春节的时候是一般是全年最差的最低的一个低点就叫春节那么如果说从汽取的一些价格或需求的话春节之后一般是正月十五之后这个运气量开始往回走基本上春节之后一个月之后也就是说我们正月今年的春节大概一月底一月底 那么要到二月底,到三月份开始, ...