证券代码：831641 证券简称：格利尔 公告编号：2025-053 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 格利尔数码科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 三、 投资者关系活动主要内容 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 问题 1：公司全球化布局情况如何？ 回答：尊敬的投资者：您好！基于整体战略布局及未来发展需求，公司已在 新加坡设立全资子公司，并通过新加坡全资子公司在越南和德国设立全资孙公 司，进一步开拓东南亚市场和欧洲市场业务，有利于公司利用当地人力、税收优 惠政策及其投资所在地区位优势，降低公司生产成本，增强公司盈利能力和竞争 实力，同时减少国际经济环境变化对公司经营的影响。感谢您对公司的关注！ 活动时间：2025 年 5 月 16 日 活动地点：通过全景网"投资者关系互动平台"（http://ir.p5w.net）采用 网络方式召开 2024 年年度报告业绩说明会。 ...

证券代码：001260 证券简称：坤泰股份 山东坤泰新材料科技股份有限公司 投资者关系活动记录表 | 有客户的基础上持续优化客户结构，加大优质客户 | | | | | | --- | --- | --- | --- | --- | | 开发力度，推动深化战略合作，争取更多优质项目 | | | | | | 定点，以不断提高市场占有率。感谢您对公司的关 | | | | | | 注。谢谢! | | | | | | 3、PA6 | 切片等原材料占成本 | 68.5%，若价格大 | | | | 幅波动，公司有何应对措施？ | | | | | | 尊敬的投资者您好，公司产品的主要原材料包 | | | | | | 括 | PA6 | 切片、纺粘无纺布、BCF | 纤维、PE | 颗粒、化 | | 学短纤等，公司将持续关注主要原材料价格的波 | | | | | | 动，通过加强市场研判、与供应商建立战略合作机 | | | | | | 制、提高原材料利用率等方式降低原材料价格波动 | | | | | | 风险。感谢您对公司的关注。谢谢！ | | | | | | 4、汽车行业景气度波动对公司订单的影响周 | | | | | | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has launched the world's first consumer-grade 3D texture UV printer, which has shown impressive crowdfunding performance, raising over $23 million (approximately 170 million RMB) during its crowdfunding period. This product is expected to become a significant innovation category for the company, potentially driving new growth [2][8] - The easing of tariffs between China and the United States is expected to reduce the company's damage from previous tariff impacts, allowing for a more stable pricing environment and improved sales performance [3][8] Financial Projections - Total revenue projections for the company are as follows: - 2023: 17,507 million RMB - 2024: 24,710 million RMB (up 41.14% YoY) - 2025: 32,702 million RMB (up 32.34% YoY) - 2026: 41,383 million RMB (up 26.55% YoY) - 2027: 51,150 million RMB (up 23.60% YoY) [1][13] - Net profit attributable to the parent company is projected as: - 2023: 1,615 million RMB - 2024: 2,114 million RMB (up 30.93% YoY) - 2025: 2,597 million RMB (up 22.82% YoY) - 2026: 3,293 million RMB (up 26.82% YoY) - 2027: 4,127 million RMB (up 25.29% YoY) [1][13] - The latest diluted EPS is forecasted to be: - 2024: 3.98 RMB - 2025: 4.89 RMB - 2026: 6.20 RMB - 2027: 7.77 RMB [1][13] Market Data - The closing price of the company's stock is 99.27 RMB, with a market capitalization of approximately 52,753.15 million RMB [6] - The company has a price-to-earnings (P/E) ratio of 32.67 based on the latest diluted EPS [1][6]

众所周知，以前的时候，苹果每生产10台iPhone，至少有9台以上在中国制造，中国制造的iPhone占了 全球90%以上，郑州富士康，更是成为了苹果最球最大的生产基地。 不过，大家也都清楚，对于任何一家企业而言，将鸡蛋放到一个篮子里，肯定是不合适的，所以一直以 来，苹果都在想方设法进行全球化布局，将一些iPhone的制造，迁到中国大陆之外的地方去。 不过，之前苹果的尝试，几乎都是失败了，从美国到越南，再到印度，苹果和富士康其实做了很多的工 作，想在中国之外地方造iPhone。 可见，库克2025年是真的拼了，将产能大量的转移至印度去了，甚至有消息称，印度工厂目前还在扩 产，很大概率在今年会达到25-30%，也就是接近三分之一的比例。 当然，印度本土是无法消化这么多的Phone的，印度的销量可能只占苹果总销量的5%，所以这么多印度 产的iPhone，最后卖到哪里去？ 但是，最近这几年，苹果在印度的制造，却表现还不错，一方面是印度莫迪也在大力发展制造业，另外 就是小米等厂商，在印度不断的建厂，也促进了当地的手机产业链发展完善了。 所以苹果在印度的工厂，情况慢慢好转，于是苹果将产能开始慢慢往印度转移。 数据显示，在 ...

Industry Overview - The Chinese pump industry continues to show steady growth, with a market size projected to reach 247.2 billion yuan in 2024, representing a year-on-year increase of 4.88% [1][14] - The main drivers of demand include infrastructure investment, industrial upgrades, and stringent environmental policies [1][14] - Infrastructure investment is expected to grow by 6.5% in 2024, directly boosting the demand for municipal water supply and drainage pumps [1][14] - The transition towards high-end manufacturing is driving the demand for industrial pumps, while stricter environmental regulations are expanding the market for energy-saving pumps [1][14] Industry Development History - The Chinese pump industry has evolved through five key stages, starting from its inception in 1868 to the current rapid development phase [5][6][7] - The industry saw significant growth during the reform and opening-up period (1979-1990), with the introduction of foreign technology and the emergence of private enterprises [6][7] - Since 2001, the industry has experienced historic technological advancements, with an increase in the localization rate of high-end products [7] Market Size and Trade - In the first quarter of 2025, China's pump industry showed a differentiated trade pattern, with imports amounting to 6.468 billion yuan (up 1.22%) and exports reaching 17.552 billion yuan (up 12.39%) [11] - Domestic pumps are expected to capture 68% of the market share by 2024, with certain high-end products still showing a 20% reliance on imports [11][12] Key Companies - Major players in the industry include Kaiquan Pump Industry, Southern Pump Industry, and Oriental Pump Industry, which dominate the market through technological barriers and brand advantages [16] - Smaller companies like New界 Pump Industry focus on niche markets, leveraging cost advantages to avoid direct competition with larger firms [16] Industry Trends - The industry is undergoing a technological revolution centered on artificial intelligence and the Internet of Things, enhancing production efficiency and operational cost reduction [22] - There is a growing demand for energy-efficient pumps driven by environmental goals, with stainless steel pumps increasingly replacing traditional cast iron pumps [23][24] - Chinese pump companies are expanding globally, with exports expected to reach 70 billion yuan in 2024, particularly in Southeast Asia and Africa [25]

以下文章来源于高工产研 ，作者GGII 高工产研 . 高工产业研究院（简称GGII）是一家专注国内新兴产业市场研究与咨询的第三方机构，涉及的新兴产业主要包括锂电池、 储能、氢能与氢燃料电池、新能源汽车、智能汽车、LED照明与显示、机器人、新材料等。 6月会议预告 2025高工钠电 产业峰会 主办单位： 高工钠电、高工产业研究院（GGII） 总冠名： 众钠能源 会议时间： 6月9日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 2025高工固态电池 技术与应用峰会 主办单位： 高工锂电、高工储能、高工产业研究院（GGII） 总冠名： 利元亨 会议时间： 6月10日 会议地点： 苏州香格里拉大酒店（苏州虎丘区塔园路168号） 主要受供需两端失衡影响，需求端锂电池新增产能减少，设备企业订单疲软；供给端内卷加剧，2024年锂电设备行业 产能利用率下滑，企业在产品定价方面折让幅度较大，涂布机、卷绕机等核心设备单价下跌超20%。 同时企业现金流持续承压，2024年企业应收账款合计491亿元，占总资产的比例达22.33%，部分企业坏账风险隐现 （如某企业应收账款周转天数从120天增至180天）。 02 结构性 ...

Financial Performance - The company achieved operating revenue of 1.933 billion, a year-on-year increase of 5.38% [7] - The net profit attributable to shareholders was 94.6 million, showing a slight decline compared to the previous year [7] - The total assets and net assets attributable to shareholders experienced significant growth [7] Market Expansion - In 2024, the revenue from exported vehicle-mounted products increased to 6.8% of total revenue, indicating progress in international market development [2] - The company successfully secured projects with leading global automotive brands, contributing to future revenue growth [5] - The global sales of new energy vehicles reached 18.236 million units in 2024, a year-on-year growth of 24.4% [5] Research and Development - The R&D investment for 2024 was 200 million, accounting for 10.35% of operating revenue, with a capitalization rate of 0% [2] - The R&D team expanded to 813 members, covering various key functions to enhance innovation capabilities [7] - The company maintains a high level of R&D investment to support long-term development and ensure product performance remains industry-leading [3] Accounts Receivable - The accounts receivable and notes receivable increased by 136.22% compared to the previous year, with a 13.41 percentage point rise in their proportion of total assets [7] - The increase in accounts receivable is primarily due to high sales in the fourth quarter, with good quality of receivables from major clients [7] Strategic Outlook - The company plans to strengthen its domestic market while leveraging its brand advantages to explore international clients [2] - Future gross margin levels are expected to be influenced by customer pricing and supply chain cost reduction measures [4] - The company aims to enhance its market share in the global high-voltage power supply systems for new energy vehicles [2]

Group 1 - The core viewpoint is that following the recent adjustments in US-China tariff policies, Chinese foreign trade enterprises are rapidly resuming exports to the US market, indicating a shift in their global strategy towards diversification and increased product value [1][5][11] - Shenzhen's foreign trade export companies are maintaining close communication with US clients to confirm shipping details and are ramping up production to seize the tariff adjustment period, with output exceeding three times the normal levels [2][5][7] - A specific electronics manufacturer in Shenzhen has adopted a 24-hour continuous operation model, producing over 30,000 circuit boards in three days, which is more than three times the usual output [7] Group 2 - Companies in Jiangsu, particularly in the toothbrush manufacturing sector, are resuming production after a halt due to trade tensions, with US orders constituting 20% of their total orders, amounting to nearly 20 million yuan annually [13] - Many foreign trade enterprises are actively expanding into broader overseas markets and developing domestic sales channels, leveraging strong products and flexible strategies to pursue new directions [16] - A company in Suzhou has shifted focus to engage with clients in Italy and Vietnam, aiming to reduce dependency on the North American market, while another company in Shanghai is exploring markets in the Middle East, Southeast Asia, and Europe [18][20]

5月家电行业呈现内需回暖与出口波动并行的趋势。国内空调市场受益于夏季旺季及以旧换新政策，厂 商对5-7月排产预期乐观；外销端受中美关税政策调整影响，企业加快全球化布局对冲风险。与此同 时，原材料成本低位及海运价格回落进一步释放盈利空间，龙头企业通过技术升级与并购整合巩固竞争 优势。 以旧换新政策持续释放红利 国家以旧换新政策范围扩大至微波炉、净水器等小家电，进一步刺激消费需求。一季度全国家电零售额 同比增长19.3%，小熊电器等企业营收实现两位数增长。政策托底叠加消费升级，家电企业通过产品创 新和产能优化抢占市场份额。 头部企业加速技术迭代与产能布局 根据行业报告，家用空调5-7月排产计划显著增长，厂商对夏季销售旺季信心充足。以佛山家电企业为 例，一季度8家A股上市家电企业营业总收入同比大增17.67%，其中美的集团单季营收达1284.28亿元， 创历史新高。空调作为核心品类，在高温天气和政策带动下成为增长主力。 龙头企业如美的集团通过收购整合提升技术壁垒。5月，美的完成对喜德瑞中国业务的收购，强化暖通 领域竞争力；此前还完成对欧洲品牌Teka的整合，扩大海外生产基地至23个。技术升级与全球化产能布 局成为内 ...

Group 1 - General Motors confirmed the restructuring of its high-end import vehicle platform, Daolang, in response to significant economic changes, indicating a strategic optimization of its operations in China [1] - The decision to restructure comes as the import vehicle sales account for less than 0.1% of General Motors' total sales in China, suggesting a focus on enhancing operational efficiency despite the low sales impact [1] Group 2 - BYD established a new automotive sales company in Baotou, expanding its sales network in the growing electric vehicle market, which is expected to enhance its local market influence [2] - This move reflects BYD's broader strategy of nationwide expansion in response to increasing demand for electric vehicles [2] Group 3 - Hyundai Motor Company broke ground on its first manufacturing plant in the Middle East, located in Saudi Arabia, marking a significant milestone in its global expansion strategy [3] - The new plant, a joint venture with the Saudi Public Investment Fund, is set to produce 50,000 vehicles annually, including electric and internal combustion engine models, starting in Q4 2026 [3] Group 4 - Ford Motor Company announced a recall of approximately 274,000 SUVs due to potential brake failure risks, which could negatively impact the brand's reputation despite the low percentage of affected vehicles [4] - This incident highlights the automotive industry's focus on safety issues and may lead consumers to scrutinize product quality more closely [4] Group 5 - GAC Trumpchi experienced a leadership change with Feng Xingya stepping down as chairman, replaced by He Xianqing, which may influence the company's future strategic direction and management style [5] - The leadership transition could generate new expectations regarding product innovation and market competitiveness for GAC Trumpchi [5]