江苏神通阀门股份有限公司投资者关系活动记录表 证券代码：002438 证券简称：江苏神通 编号：2025-022 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □√现场参观 | | | | □其他（电话调研） | | | 参与单位名称及 人员姓名 | Citi | | | 时间 | 2025 年 11 月 21 日 | | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | 副总裁：章其强先生 | | | 投资者关系活动 | | 机构投资者就公司生产经营情况、未来发展规划和战略等进行沟 | | 主要内容介绍 | 通交流。 | | | 附件清单（如有） | 具体内容详见附件：2025 | 年 11 月 21 日投资者调研会议记录 | | 日期 | 2025 年 11 月 21 日 | | ...

重庆市涪陵榨菜集团股份有限公司 2025 年 11 月 18 日、20 日-21 日投资者关系活动记录表 证券代码：002507 证券简称：涪陵榨菜 编号：2025-016 投资者关系活 动类别 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑ 现场参观 其他 投资者线上交流会 参与单位名称 及人员姓名 本次参与交流的人员名单如下： 序号 姓名 机构 1 吴文德 财通证券 2 黄欣培 财通证券 3 费馨涵 汇丰晋信 4 李文华 汇丰晋信 5 徐犇 汇丰晋信 6 徐洋 国泰海通证券 7 黄琦 翼虎 8 房俊 国联安基金管理有限公司 9 施旭健 浙江龙航资产管理有限公司 10 方军平 上海人寿保险股份有限公司 11 张夺 合煦智远基金管理有限公司 12 张珈玮 华泰资产管理有限公司 13 鲍强 嘉实基金管理有限公司 14 金昊 中国人民健康保险股份有限 公司 15 宋芳 南京证券（自营） 16 李梦遥 中国国际金融股份有限公司 17 熊正寰 中庚基金管理有限公司 18 王子昂 申万宏源证券股份有限公司 回复：主要从两个方面进行推广，一方面在线上进行试销后转线下， 销售通路上，前 ...

Group 1: Company Overview - The company specializes in the research, design, production, and sales of paper printing and packaging products, offering innovative R&D, creative design, color management, intelligent manufacturing, supply chain management, and marketing services [2] - Main products include folding cartons, gift boxes, color boxes, pulp molding, labels, promotional tools, paper bags, and paper-based flexible packaging, serving clients in cosmetics, oral care, personal and home care, food, health products, pharmaceuticals, consumer electronics, tobacco, and alcohol sectors [2] Group 2: Production and Market Strategy - The company has established production bases in South China (Zhongshan), North China (Tianjin, Shenyang), East China (Kunshan, Pinghu), Southwest (Chengdu), and overseas (Vietnam) [2] - Overseas orders are driven by major clients' capacity needs and include some locally developed orders [2] Group 3: Business Growth and Profitability - The company is entering the tobacco and alcohol packaging sectors, with profitability expected to improve as business scales up [3] - Future business growth is anticipated from maintaining leadership in personal care, food and health products, and consumer electronics, while also expanding into tobacco, alcohol packaging, and pulp molding [3] Group 4: Investor Relations and Dividends - The company emphasizes reasonable returns for investors, with cash dividends increasing annually from 2022 to 2024 [3] - The company is committed to sharing operational success with investors while ensuring normal operations and long-term development [3]

Group 1: Financial Performance - In the first half of 2025, the company reported a revenue of 1.489 billion CNY, a year-on-year decrease of 18.86% [2] - The net profit for the same period was 257 million CNY, down 42.90% compared to the previous year [2] - Basic earnings per share were 0.4813 CNY, reflecting a decline of 42.90% year-on-year [2] - The weighted average return on net assets was 5.99%, a decrease of 5.63% year-on-year [2] Group 2: Product Overview Refrigeration Products - The company offers a diverse range of refrigeration products, including commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors [2] - The refrigeration compressors are widely used in commercial buildings, food cold chain, and heating applications, catering to various customer needs [3] - The company has seen growth in screw and magnetic levitation centrifugal compressors used in data center cooling during the first half of the year [3] Air Compression Products - Air compressors serve as core equipment in engineering machinery and are crucial in various industries such as pharmaceuticals, chemicals, and electronics [3] - The company is expanding into oil-free air compressor markets, which have significant potential in industries requiring high air quality [3] Vacuum Products - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with plans to expand into lithium batteries, pharmaceuticals, and other sectors [3] - The company has begun small-scale supply to domestic chip manufacturers, indicating a growing recognition of its vacuum products [3] - Although the current contribution of vacuum products to overall performance is limited, the accelerating domestic semiconductor industry presents a promising growth opportunity [3]

Group 1: Investor Relations Activity - The investor relations activity included a site visit to Suning Max Nanjing Huaihai Road store [1] - Participants included representatives from Debang Fund and Western Securities [1] - The meeting took place on October 14, 2025, at 15:00 [1] Group 2: Store Overview and Insights - Investors observed the store's basic conditions, customer flow, and user demographics [1] - Marketing strategies and sales performance of various brands were discussed [1] - User perceptions of brands and services such as Suning Bangke and Suning Friend were shared [1] Group 3: Compliance and Information Disclosure - The company adhered to the "Information Disclosure Management System" to ensure accurate and timely information disclosure [1] - No significant undisclosed information leaks occurred during the meeting [1] - A commitment letter was signed in accordance with the Shenzhen Stock Exchange requirements [1]

中密控股股份有限公司投资者关系活动记录表 编号：2025-011 证券代码：300470 证券简称：中密控股 |  | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 类别 | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 四川发展证券投资基金管理有限公司：刘惠春；中信建投： | | | 李长鸿；泓德基金：赵永建、李昕阳；国信证券：年亚颂； | | 人员姓名 | 华夏基金：张俊 | | 时 间 | 2025 年 9 月 17 日 | | 地 点 | 公司五楼会议室、线上会议 | | 上市公司接待人 | 董事会办公室主任兼证券事务代表 梁玉韬 | | 员姓名 | | | | 1、公司 2025 年上半年经营活动产生的现金流量净额同 | | | 比下降较明显，是什么原因？ | | | 答：今年上半年公司经营活动产生的现金流量净额同比 | | | 下降较明显主要是以下几个方面的综合影响，一是公司国际 | | | 项目的增加带来以电汇结算为主的高精度仪器仪表采购的增 ...

Group 1: Investor Relations Activity Overview - The investor relations activity involved a specific audience survey with 11 participating investors from various institutions [2] - The event took place on September 12, 2025, at the company's headquarters [2] Group 2: Key Discussion Topics - Investors inquired about industry conditions, the company's performance in the first half of 2025, product structure, brand matrix, collaboration with Wuyou Media, and dividend policies [2] - The company ensured compliance with information disclosure regulations, maintaining the accuracy and completeness of the information shared [2] Group 3: Compliance and Documentation - During the reception, investors signed a commitment letter as required by the Shenzhen Stock Exchange [2] - No significant undisclosed information was leaked during the event, adhering to the company's information disclosure management system [2]

Group 1: Investor Relations Activity Overview - The investor relations activity took place on September 3, 2025, with a total of 4 investors participating [2] - The meeting was held in the headquarters conference room, attended by the securities affairs representative, Rong Huan [2] Group 2: Key Discussion Topics - Investors inquired about the performance in the first half of 2025, including revenue and gross margin details [2] - Topics discussed included gold leasing conditions, the collaboration between Zhou Dashing and the National Treasure project, and product structure [2] - The company ensured compliance with the information disclosure management system, maintaining the accuracy and completeness of disclosed information [2]

Group 1: Company Branding and Market Positioning - The brand "Tianyoude" now accounts for over 50% of the company's proprietary Qingke liquor, leading to the name change to "Tianyoude Liquor" for consistency across branding and securities [3] - The company remains the largest producer of Qingke liquor, focusing on regional perceptions of Qingke and Qingke liquor for promotional strategies [3] Group 2: Market Expansion Strategies - The company is increasing its presence in markets outside Qinghai and Tibet, particularly in Gansu and Sichuan, by enhancing sales channels for products priced below 100 yuan [4] - New product development targets younger consumers, with recent launches including a 28-degree lemon Qingke liquor and a snow pear liquor to cater to diverse taste preferences [4] Group 3: Cost Management and Raw Material Sourcing - Fluctuations in raw material prices have been ongoing, but they do not significantly impact overall costs due to the low percentage of raw materials in total costs [5] - The company has established long-term agreements with farms to secure raw material supply and maintain market balance [5] Group 4: Product Sales Performance - Products priced above 100 yuan constitute approximately 50% of total sales, with a specific focus on the 500 yuan segment that has gained market recognition [6] - The company plans to invest 160 million yuan in expanding its winery in Tibet, leveraging tourism and unique cultural resources to enhance brand visibility [7][8] Group 5: Sales Channels and Profitability - The primary sales channels include direct sales and distribution, with online sales accounting for over 4% in 2024 [9] - In 2024, the company reported a revenue of 1,254.84 million yuan, a 3.69% increase, but a net profit decline of 52.96% to 42.14 million yuan due to increased market expenses and stock incentive plan impacts [10] - To improve profitability in 2025, the company is focusing on revenue growth and precise expense management, particularly in expanding lower-priced product channels [10] Group 6: Future Product Development - The company intends to maintain its focus on Qingke and explore new product lines such as fruit-flavored products and potentially Qingke champagne, responding to emerging consumer trends [11]

Group 1: Company Overview - Stock Code: 300242, Company Name: Jia Yun Technology [1] - Date of Investor Relations Activity: July 17, 2025 [2] Group 2: Investor Relations Activity - Type of Activity: Specific Object Research [2] - Participants: Representatives from various investment firms including Shenzhen Gudong Guanjia Technology Co., Ltd. and Shenzhen Rongxintai Private Securities Fund Management Co., Ltd. [2] Group 3: Key Questions and Answers - **Future Plans of Major Shareholder**: The major shareholder, Hainan Xinyu Hang Investment Co., Ltd., has no plans to change the main business or conduct significant asset transactions within the next 12 months [3] - **R&D Personnel Reduction**: The reduction of R&D personnel to zero in 2024 is due to the termination of diversified gaming business, which will not impact the main business in the short term [3] - **Beauty and Skincare Business Performance**: In 2024, the beauty and skincare business generated revenue of 98.93 million yuan, a year-on-year increase of 35.70% [3] - **Product Categories and Sales Channels**: The "Qiran" brand offers 94 product SKUs across eight major series, with sales conducted through both online platforms (e.g., Tmall, Douyin) and offline stores [4][5]