Core Viewpoint - The company held a performance briefing for the first half of 2025, discussing capacity, orders, business progress, and market value management with investors [1] Group 1: Capacity and Orders - The company has enhanced its production capacity through asset-light expansion methods such as site leasing and cooperative production, with future expansion considered based on market orders and policies [2] - Order prices are influenced by various factors including market conditions, dock availability, customer order quantities, order complexity, delivery timelines, and raw material costs [2] - The company conducts foreign exchange hedging based on cautious forecasts of foreign currency receipts and payments, ensuring effective management of foreign exchange risks [2] Group 2: Special Vessels and Unmanned Boats - The company is focused on delivering special vessel and military auxiliary vessel orders, with progress reported in the semi-annual report [3] - The defense equipment business aligns with national maritime defense needs, emphasizing technology upgrades and market expansion for unmanned vessels [3] - Various unmanned vessel projects have been developed, including unmanned feeding fishing boats, with planned deliveries in the second half of the year [3] Group 3: Energy Business and Company Classification - The energy segment, particularly through its subsidiary Woking Natural Gas, has seen increased revenue from new energy vessel refueling and related technical consulting projects [4] - According to the China Securities Regulatory Commission classification, the company falls under "Manufacturing" in the "Railway, Shipbuilding, Aerospace, and Other Transportation Equipment Manufacturing" category [4] Group 4: Market Value Management and Legal Matters - In response to stock value decline, the company established a market value management system in January 2025, focusing on core business growth and improving governance [5] - The company is actively responding to a lawsuit involving a shareholder, with measures taken to freeze shares and enforce performance compensation claims [5] - As of the first half of 2025, over 70% of the company's effective orders are from overseas projects, with operations continuing normally despite external market influences [5]

Group 1 - The company held an earnings briefing on September 19, where key executives, including the chairman and general manager, addressed investor questions [1] - The company aims to achieve a market value of 100 billion yuan and will continue to work towards this goal [1] - The company is currently focused on its core business of electronic sound production and is cautious about exploring new business areas such as AI-related collaborations [1] Group 2 - The company emphasized that market value management is closely tied to operational performance and will continue to strengthen its business foundation amid increasing competition in the audio industry [1] - The company has not engaged in hardware development collaborations with Tencent Cloud [1] - Future growth strategies may include reasonable use of mergers and acquisitions to enhance the company's market value [1]

Group 1: Company Performance and Capacity - The company has enhanced its production capacity through asset-light expansion models, including site leasing and cooperative capacity [2][3] - In the first half of 2025, the company reported that over 70% of its effective orders were from overseas projects [9] - The company is actively developing various special and civilian unmanned vessel projects, with deliveries planned according to contract schedules [3][4] Group 2: Financial Management and Market Response - The company has established a "Value Management System" to focus on core business growth and improve governance and investor communication [6][9] - The energy sector's revenue share has increased due to the company's natural gas operating qualifications, with projects like LNG pre-cooling and technical consulting services contributing to this growth [5] - The company is taking legal actions to enforce performance compensation from its major shareholder, with ongoing litigation regarding historical performance commitments [10][12] Group 3: Legal Issues and Stock Performance - The company is facing ongoing litigation with a former shareholder, with a court ruling expected but not yet issued [10][12] - The stock price has been declining, influenced by macroeconomic factors and market sentiment, despite the company's stable operational performance [11][12] - The company is considering measures to stabilize its stock value, including potential stock buybacks and employee stock ownership plans [9][11]

珠海汇金科技股份有限公司 投资者关系活动记录表 编号：2025-002 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：广东辖区 2025 年投资者网上集体接待日活动 参与单位名称 及人员姓名 参加公司 2025 年投资者网上集体接待日活动的投资者 时间 2025 年 9 月 19 日（星期五）15:30-17:00 地点 "全景路演"网站（http://rs.p5w.net） 上市公司接待 人员姓名 董事长：陈喆 董事、总经理：马德桃 董事、董事会秘书：李佳星 独立董事：杨国梅 副总经理、财务总监：孙玉玲 投资者关系活 动主要内容介 绍 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复，主 要问答情况如下（已合并相似问题）： 1、公司现在的股东人数是多少？请介绍公司现在订单饱 和程度？与 23 年、24 年同期相比较 答：尊敬的投资者您好，截至 2025 年 9 月 10 日，公司股 东总户数（未合并融资融券信用账户）为 31248 户。有关公司 业绩情况请以后续定期报告为准。感谢您对公司的关注！ 2、请问 ...

Group 1: Project Progress - The company has made significant progress on its ongoing projects, with the Chengdu Water Supply Plant No. 7 (Phase III) entering trial operation, and several other projects expected to be operational within 1-2 years [1] - Projects such as the Chengdu Sixth Reclaimed Water Plant Phase II, Eighth Reclaimed Water Plant Phase II, Fifth Reclaimed Water Plant Phase II, Chengdu Wanxing Environmental Power Plant Phase III, and the Chengdu Central Urban Kitchen Waste Treatment Project Phase III are advancing steadily [1] Group 2: Accounts Receivable and Market Value Management - As the company expands its market and business scale, accounts receivable management has become a focal point, with the company actively managing its receivables while pursuing business growth [2] - The company emphasizes market value management, focusing on enhancing intrinsic value and improving operational efficiency through strategic layout and excellent performance [2] Group 3: Cost Reduction and Efficiency Improvement - The company implements cost reduction and efficiency improvement through refined management practices, including the standardization and upgrading of plant-level operations across multiple subsidiaries [3] - A smart cloud control center is being developed to integrate cloud computing and storage technologies, enhancing unified management and efficient scheduling [3] - The company is advancing its "Digital Strong Enterprise" initiative, establishing five centers to unlock data value and enhance operational development [3] Group 4: Capital Expenditure and Dividend Planning - The company has experienced significant capital expenditures due to various water supply and solid waste projects, but these expenditures are expected to decrease as projects become operational in the next 1-2 years [4] - The company prioritizes shareholder returns, anticipating more stable earnings for shareholders as ongoing projects are completed [4]

Group 1: Company Performance and Strategy - The company focuses on its core business and implements a "sales-driven production, efficiency-driven sales" strategy to enhance operational performance [2] - Continuous investment in R&D is emphasized to achieve breakthroughs in key technologies and product upgrades [2] - The company aims to optimize market layout, deepen existing markets, and actively explore emerging fields to increase customer loyalty and market share [2] Group 2: Market Conditions - The domestic PVC market shows strong bottom support, with rising prices for coal tar and calcium carbide, while demand is improving due to seasonal factors [3] - The "anti-involution" policy is expected to persist, and if the old capacity elimination policy in the petrochemical industry is implemented, it may lead to a supply contraction in PVC, positively impacting prices [3] - In the viscose market, cautious procurement by downstream enterprises has led to a decline in prices, but a slight improvement in demand is expected to stabilize prices in the coming months [3]

Group 1: Project Progress - The Chengdu Water Supply Plant Phase III has entered trial operation with a remaining capacity of 400,000 tons/day [2] - Several projects, including the Chengdu Sixth Reclaimed Water Plant Phase II and the Chengdu Central Urban Kitchen Waste Treatment Project Phase III, are progressing and expected to be operational within 1-2 years [2] Group 2: Accounts Receivable - The company's accounts receivable have increased due to expanded business scale and market development efforts [2][3] - The company actively collects receivables in line with local payment policies [3] Group 3: Market Value Management - The company emphasizes market value management to enhance intrinsic value and improve operational efficiency [4] - Continuous strategic layout and market feedback are integral to the company's value growth [4] Group 4: Cost Reduction and Efficiency Improvement - The company implements refined management and innovation to reduce costs and improve efficiency [5] - Establishment of a smart cloud control center and five operational centers enhances management quality and efficiency [5] Group 5: Future Capital Expenditure and Dividends - Significant capital expenditure is expected due to multiple ongoing projects, with a gradual decrease anticipated as projects become operational [6] - The company aims to increase dividend levels as free cash flow improves following project completions [6]

Group 1 - The core viewpoint of the news is that Zhuhai Port Co., Ltd. is actively expanding its market value through strategic acquisitions and focusing on shareholder returns while enhancing its core competitiveness and long-term investment value [2][3]. Group 2 - Zhuhai Port has implemented a series of acquisitions, including Xinhua Port, Ganghong Terminal, and Xiugang Co., to expand its business scope, achieving a compound annual growth rate (CAGR) of 12.61% in total assets and 15.58% in net profit over the past five years [2]. - The company has distributed a total of 400 million yuan in dividends over the past five years and plans to continue its steady development of core businesses [2]. - As of June 30, 2025, the company's goodwill amounted to 1.368 billion yuan, primarily due to the acquisitions of Xinhua Port and Xiugang Co., both of which are performing well [3]. - The company is advancing its smart port construction by focusing on innovation and digital transformation, including financial system upgrades and various smart operational management projects in the logistics and renewable energy sectors [3].

Core Viewpoint - The company held an online investor reception day to address investor concerns regarding performance, marketing reforms, and R&D plans, emphasizing its commitment to enhancing company value and market communication [1] Group 1: Investor Relations Activity - The investor reception day took place on September 19, 2025, via the "Panorama Roadshow" website, with participation from various investors [1] - Key company representatives included Chairman and General Manager Xu Ronghuang, Financial Director and Vice General Manager Chen Xiliang, and Board Secretary Xu Zilan [1] Group 2: Financial Performance and Marketing Strategy - The company acknowledged that its stock price is influenced by various factors, including short-sellers, and is focused on enhancing market value through marketing reforms, channel optimization, brand building, and R&D innovation [1] - Sales expenses increased by 172 million yuan in the first half of 2025 for brand building, which temporarily pressured profits but improved brand recognition [1] - The core product, cough relief tablets, saw significant growth on e-commerce platforms, with a 260% increase on Alibaba and a 652% increase on JD.com [1] Group 3: Sales and Marketing Reforms - Sales in the second quarter were affected by seasonal fluctuations and marketing strategy adjustments, leading to a decrease in volume [1] - The company reported a sales expense of 69.08 million yuan in Q2 2025, up from 34.19 million yuan in the same period last year and 45.08 million yuan in 2023 [1] - The marketing organization has undergone structural upgrades, resulting in a net increase of over 100 frontline sales personnel [1] Group 4: R&D and Future Plans - The company is pursuing dual-track R&D in traditional Chinese medicine and chemical drugs, focusing on existing product development and innovative drug research [1] - There are currently no plans to engage in stablecoin or virtual currency business in Hong Kong [1] Group 5: Market Communication and Transparency - The company is actively communicating with investors and enhancing information disclosure transparency as part of its market value management initiatives [1]

长缆科技集团股份有限公司 证券代码：002879 证券简称：长缆科技 投资者关系活动记录表 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 2025 年湖南辖区上市公司投资者网上集体接待日暨 半年度业绩说明会活动 公司接待人员姓名 黄平 （董事、董事会秘书、财务负责人） 尚丹妮（IR） 参与单位名称及 人员姓名 线上参与"2025 年湖南辖区上市公司投资者网上集体接待日 暨半年度业绩说明会活动"的投资者 时间 2025 年 9 月 19 日 14:00-17:00 地点 全景网"投资者关系互动平台"（https://ir.p5w.net） 形式 网络远程 交流内容及具体问答 记录 1、定增什么时候落地定增价格是多少 公司严格按照深交所上市规则等有关规定履行信息披露 义务，请您及时关注公司相关公告。 2、长缆科技是否有做市值管理？是否有做国产替代的电缆接 头？ 公司市值受公司基本面、宏观经济形势、证券市场活跃度、 国际形势等多个因素的影响。未来，公司将继续专心经营主业， 以良好的经营业绩，回报广大投资者。公司目前在高压、超高 压电缆附件 ...