尊敬的各位嘉宾、各位投资者和网友： 大家上午好！ 在这里，我衷心地感谢上证路演中心、上海证券报及中国证券网为超颖电子提供宝贵的网上路演平台。 通过本次网上路演，我和我们的管理团队以及保荐机构代表，将就公司的发展战略、经营状况、未来规 划等大家关心的问题进行坦诚、深入的交流。我们期待听到您宝贵的意见和建议。谢谢大家！ （文章来源：上海证券报） 欢迎大家参加超颖电子电路股份有限公司首次公开发行股票并在上海证券交易所主板上市的网上路演推 介会。在此，我谨代表公司董事会及全体员工，向参加此次网上路演的朋友们表示热烈欢迎，向关心和 支持公司发展的广大投资者致以诚挚的谢意！ 超颖电子的主营业务是印制电路板的研发、生产和销售，产品广泛应用于汽车电子、显示、储存、消费 电子、通信等诸多领域。根据中国电子电路行业协会的统计，2024年，公司在中国电子电路行业排行榜 综合PCB企业排名中位列第23。根据NTI的报告，2023年，公司为全球前十大汽车电子PCB供货商，中 国前五大汽车电子PCB供货商。这些成绩的取得，离不开我们始终秉持的技术创新理念和对市场需求的 精准把握。 本次在A股上市，是公司发展历程中的一个重要里程碑。我们计 ...

Core Viewpoint - The company emphasizes its commitment to technological innovation and process improvement, aligning its operations towards green, low-carbon, and environmentally friendly practices [1] Group 1 - The company is actively responding to investor inquiries regarding its focus on technology and innovation [1] - The company encourages stakeholders to monitor its periodic reports published on the Giant Tide Information Network for updates on production, operations, and R&D [1]

Group 1 - The Chinese chemical industry is facing rising cost pressures and needs to promote technological innovation and green sustainable transformation [3][4] - Despite short-term uncertainties due to geopolitical conflicts and tariff fluctuations, most German companies maintain long-term confidence in the Chinese market [2][3] - The recovery of the Chinese real estate sector is anticipated to positively impact the economic recovery and investment in the chemical industry [2] Group 2 - Asia is becoming a significant testing ground for sustainable production innovation, being the largest chemical production and consumption market globally [3] - There is a structural contradiction in China's chemical industry, where the demand for high-end chemicals, especially in emerging industries, is not being met [3] - The chemical industry is transitioning from quantity growth to quality improvement, necessitating technological innovation and transformation for survival and development [3][4] Group 3 - The chemical industry is not a sunset industry but rather a sunrise industry, with strong demand for new materials in emerging fields such as electric vehicles, energy storage, and life sciences [4] - Opportunities in the chemical industry lie in developing products that meet downstream demands through innovation in catalysts, processes, reaction engineering, and equipment manufacturing [4]

Core Insights - A transformative change is occurring in the global standardization field, with Gree Electric's unique standardization strategy aligning with the theme of the 2025 World Standards Day, which emphasizes enhancing partnerships for sustainable development [1] Group 1: Standardization Achievements - Gree Electric has established a specialized team of over 100 members supported by nearly 1,000 technical standard experts, with 51 experts holding key positions in national and international standardization organizations, including 37 seats in ISO and IEC [1] - The "2+1+N" standardization management model has become a secret weapon for Gree in global competition, enabling a perfect closed loop from product innovation to standard leadership [1] - Gree has led the development of two historic international standards for refrigeration compressors, ISO 18501:2025 and ISO 18483:2025, marking a significant milestone for Chinese enterprises in high-end manufacturing [2] Group 2: Green Energy Initiatives - Gree has made significant strides in the green energy sector, leading the development of IEC 63349-1 and IEC TS 63349-2:2022 international standards for photovoltaic direct drive technology, filling a gap in international standards for this industry [3] - The successful international voting for the IEC 63349-1 standard on October 11 further solidifies Gree's role in providing key technical specifications for the integration of photovoltaic technology and home appliances [3] Group 3: Comprehensive Standard System - Since 1995, Gree has established a comprehensive enterprise standard system encompassing 14,000 standards, which have been digitized into 350,000 executable items, ensuring the highest quality standards in manufacturing [3] - Gree has opened over 3,600 component standards to the supply chain, fostering the growth of nearly 100 small and medium-sized manufacturing enterprises into industry leaders, collectively valued at 3 trillion yuan [3] Group 4: Research and Development Investment - Gree has led or participated in the formulation of 935 domestic and international standards, including 62 international standards, covering cutting-edge fields such as photovoltaics, heat pumps, and refrigeration compressors [4] - The company has invested significantly in R&D, with over 130,000 patent applications and 50 "internationally leading" technologies, alongside multiple prestigious awards [4]

Core Insights - Gree Electric's Chairman Dong Mingzhu emphasized the importance of innovation and core technology for the company's development, stating that Gree has nearly 140,000 proprietary patents, all developed in-house [2] - Gree has successfully developed over 100 types of CNC machine tools, which not only meet its manufacturing needs but also serve various external sectors, including providing services to Tesla [6] - The CNC machine tool industry in China has seen significant growth, with the market size increasing from 326 billion yuan in 2020 to 382.5 billion yuan in 2022, and is expected to exceed 600 billion yuan by 2029 [6] Company Research - Gree Electric's R&D investment reached 6.529 billion yuan in 2021, marking a year-on-year increase of 5.07% [3] - The company has received 99 significant awards at national, provincial, and industry levels, and has applied for a total of 96,626 domestic and international patents, including 49,549 invention patents [2] - Gree Electric is recognized as the first home appliance company in China to have over 10,000 invention patents authorized [2] Industry Analysis - The CNC machine tool sector is considered the "mother machine" of the industry, with its development directly impacting the overall strength of the manufacturing sector in China [6] - The growth of the CNC machine tool industry is supported by national industrial policies and increasing market demand, leading to unprecedented development opportunities [6] - Gree's diversification into CNC machine tools represents a strategic shift, leveraging 30 years of manufacturing capabilities, patent systems, and management experience to enter higher technology barrier industries [8]

单华锦表示，转型升级是兆驰股份追求新质发展的重要路径，在公司的数次转型过程中，制胜的唯一法 宝就是技术创新。公司发展一定不能够沿着既有的思维去做同质化的竞争，而是要在技术创新里面找到 差异化竞争的优势。 （文章来源：证券日报） 兆驰股份是电视ODM与LED双产业龙头，于2023年切入光通信行业，聚焦智能终端、LED产业链、光 通信产业链三大主营业务，打造新的增长曲线。近日，记者在证券日报深圳路演中心专访了兆驰股份董 秘单华锦，探讨公司的发展战略。 ...

商务部与海关总署联合发布 2025年第58号公告，决定对锂电池及其相关物项，以及人造石墨负极材料实施出口管制， 此举在新能源产业内引发了广泛关注与深度讨论。 2025 年 10 月 1 3 日 ， 鑫椤资讯高级研究员张金惠 在直播中就 这一政策进行了专业解读。 一、新规核心内容概览 根据公告，此次出口管制措施覆盖了锂电池、正极材料、石墨负极材料等多个关键环节。具体而言，重量能量密度大于 等于 300 Wh/kg的可充放电锂离子电池（包括电芯和电池组）、用于生产这些电池的设备和技术，以及人造石墨负极 材料及其生产设备、工艺和技术均被纳入管制范围。 二、管制目的：维护国家安全与利益 业内专家指出，此次出口管制的主要目的在于维护国家安全和利益，履行防扩散等国际义务。通过管控关键技术的外 流，国家旨在保持在新兴能源领域的竞争优势，并在国际谈判中争取更有利的地位。值得注意的是，管控并不等同于禁 止出口，而是通过审批制度来规范出口行为，确保产品和技术流向符合国家利益的国家和地区。 三、产业链受波及：上游至下游全面影响 出口管制新规对产业链的影响是全方位的，从上游原材料到中游制造，再到下游应用，无一不受到波及。 在上游原材 ...

Core Insights - Hubei Yangtze River Industry Modernization Chemical Co., Ltd. has introduced high-end technical talents through the "Yangtze Doctor Talent" program to tackle key technological challenges this year [1] Group 1: Talent Acquisition and Development - The company has recruited 4 chemical PhDs and 4 related master's degree holders, establishing a talent pipeline covering basic research, application development, and achievement transformation [1] - Collaboration with enterprises and universities has been deepened, enhancing the research institute's mechanisms to support the formation of task forces led by PhD talents [1] - A technology demand list and project database have been established to encourage PhD talents to engage in practical problem-solving [1] Group 2: Industry Collaboration and Project Development - PhD talents have been deployed to Hubei Xianlin Chemical Co., Ltd. to jointly tackle key projects related to industrial upgrades [1] - Collaboration with Hubei University has led to the development of a process using activated carbon and resin adsorption to remove iron ions, resulting in electronic-grade products with increased added value [1] - Progress has been made in overcoming catalyst challenges in collaboration with Xi'an Modern Chemical Research Institute, achieving domestic advanced levels in the dehydration of monoethanolamine to produce ethylene imine [1] Group 3: Achievements in Technology Transfer - The company has facilitated technology transfer by engaging in a full-chain approach for the utilization of ammonium chloride, collaborating with Hubei Shuanghuan Technology Co., Ltd. [1] - During the pilot phase, both decomposition rate and yield have met standards [1] - The application of low-temperature waste heat technology from the Chinese Academy of Sciences has enabled energy self-circulation at the Xianlin chemical plant, addressing the issue of purchasing steam for distillation processes [1]

Core Insights - China's power battery industry has transitioned from following to leading globally, supplying 70% of battery materials and 60% of power batteries worldwide, with a cumulative sales volume of 485.5 GWh in the first half of the year, representing a year-on-year growth of 51.6% [1][2] Industry Policy - Continuous optimization of industrial policies has been a driving force, with key documents like the "New Energy Vehicle Industry Development Plan (2021-2035)" providing clear guidance and incentives such as purchase subsidies and tax exemptions promoting industry growth [1] Industry Structure - China has established a complete industrial system covering key materials, battery manufacturing, system integration, and recycling, with significant market shares in various components: 95% in anode materials, nearly 90% in separators, and 87.3% in electrolytes [2] Technological Innovation - Significant breakthroughs in technology include lithium iron phosphate batteries achieving energy densities of 160-190 Wh/kg and ternary lithium batteries exceeding 250 Wh/kg, along with advancements in system integration technologies [2] Market Expansion - The scale of market applications is expanding, with projections indicating that by 2024, the number of new energy vehicles in China will reach 31.4 million, maintaining its position as the global leader [2] Global Expansion - Chinese battery companies are accelerating their global presence, with firms like CATL and BYD establishing production bases in countries such as Germany and Hungary, leading to a 50.4% year-on-year increase in battery installations [3] Competitive Landscape - The global competition landscape is evolving, with new regulations from the EU and the US reshaping market entry standards and emphasizing lifecycle management, indicating a shift from mere manufacturing capabilities to comprehensive ecosystem control [5] Key Areas for Breakthrough - To enhance competitiveness, the industry must focus on three key areas: establishing technical standards, creating a sustainable resource recycling system, and building a global cooperation framework [6][7] Future Outlook - The next five years are critical for the industry's development, requiring collaborative efforts to upgrade the entire ecosystem, which will support China's goals of becoming a manufacturing powerhouse and contribute to global sustainable development [8]

Core Viewpoint - The Chinese refining industry is at a critical juncture, transitioning from "scale expansion" to "quality enhancement," necessitating a restructuring of industry structure, technological pathways, and market landscape [1] Group 1: Supply and Demand Dynamics - The refining industry is facing intensified "involution" competition due to tightening market demand, with gasoline and diesel consumption showing a downward trend, leading to a "double decline" in production and consumption in the first half of 2025 [2] - Continuous capacity expansion is occurring, with refining capacity expected to reach approximately 955 million tons per year in 2024, operating at around 75% utilization [2] - The downstream chemical sector is also experiencing "involution," with a significant increase in the production capacity of olefins and aromatics, which has now reached a state of supply-demand balance [2] Group 2: Technological Innovation - Technological innovation is identified as a key pathway for breaking through the challenges faced by the refining industry, with a shift from "fuel" to "materials" and from "low value" to "high value" [4] - There is a notable demand for high-performance materials, with a significant gap in the production of high-end polyolefins, necessitating a focus on differentiated competition and market research [4] - Recent technological advancements include the development of green low-carbon "oil conversion" technologies and the DMTO technology, which improves resource utilization efficiency and reduces energy consumption [5][6] Group 3: Market Trends and Future Outlook - The refining industry is entering a critical transformation period, with growth rates in market and capacity expected to stabilize during the 14th Five-Year Plan [7] - The PX market is anticipated to recover due to tight supply, while the PTA-PET segment is expected to face long-term losses, necessitating adaptation to global economic changes [7] - In the polyester sector, total capacity is projected to remain at 85.28 million tons by 2025, with a gradual stabilization in PET demand growth despite some industrial transfer to Southeast Asia and the Middle East [8]