黄山谷捷分析师会议-20250915

Group 1: Research Basic Information - The research object is Huangshan Gujie, and the reception time is September 15, 2025. The listed company's reception staff includes the deputy general manager, the board secretary Cheng Jiabin, the financial controller Wang Qi, and the securities affairs representative Bi Jie [17] Group 2: Detailed Research Institutions - The reception objects include online investors participating in the event and others [20] Group 3: Main Content - Regarding the recent poor performance of the company's stock price, the company states that stock price fluctuations are affected by many factors such as the macro - economy, market environment, market sentiment, and capital flow. The company's operation is normal, and there is no information that should be disclosed but has not been [24] - The company will focus on existing products while paying close attention to new industry trends, tracks, and demands, and actively develop new products and expand application scenarios and fields [25] - The company's products are mainly used in the new - energy vehicle field and also have broad application prospects in new - energy power generation, energy storage, data centers, low - altitude aircraft, industrial control, and rail transit [25] - In the first half of 2025, the company's revenue increased significantly year - on - year, but the net profit attributable to the parent company decreased, mainly due to factors such as intense competition in the new - energy vehicle market, falling product prices, and rising raw material prices. The company will focus on "seizing the market and reducing costs and increasing efficiency", optimize production, procurement, and processes, and increase R & D investment [26] - The company's main customers include well - known domestic and foreign power semiconductor companies such as Infineon, Bosch, ON Semiconductor, CRRC Times, Star Semiconductor, Silan Micro, and Xinlian Integrated. This year, the company has developed new customers including power semiconductor manufacturers, intelligent vehicle solution providers, and foreign customers [26] - The company will seize the opportunity of "carbon peak" and "carbon neutrality", take the existing manufacturing capacity of power semiconductor module heat dissipation substrates as the core, and continue to consolidate and expand the business in the heat dissipation field of power semiconductor modules for new - energy vehicles while expanding other related business areas [26] - The national anti - involution policy will create a more fair, healthy, and sustainable market environment for the company. The company will adhere to the "innovation - driven" strategy and increase R & D and innovation investment [27] - The company was named after Huangshan City, Anhui Province, where it is located when it was registered in June 2012. The naming complies with laws and regulations, and there is no behavior of "riding on concepts" or "damaging scenic spots" [28]