答：尊敬的投资者您好，感谢您对公司的关注。二级市场 股价受诸多综合因素影响，公司坚持以稳健前行为核心，扎实 做好经营，推动实现高质量发展，努力为股东创造更大价值。 证券代码：002378 证券简称：章源钨业 崇义章源钨业股份有限公司投资者关系活动记录表 编号：20250515 | | □特定对象调研 □分析师会议 □媒体采访 业绩说明会 | | --- | --- | | 投资者关系活 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称 | 线上参与章源钨业（002378）2024 年度暨 2025 年第一季度业 | | 及人员姓名 | 绩说明会的全体投资者 | | 时间 | 2025 年 5 月 15 日 15:00-16:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事、总经理：黄世春 | | 上市公司接待 人员姓名 | 董事、常务副总经理、财务总监：范迪曜 | | | 董事、副总经理、董事会秘书：刘佶 | | | 独立董事：王平 交流内容： | | | 1. 请问公司未来是否有明确的产能 ...

Group 1 - The document outlines the government's opinion on continuously promoting urban renewal actions, emphasizing the renovation and utilization of existing buildings [1] - It highlights the need to steadily advance the renovation of dangerous housing, particularly focusing on the demolition and reconstruction of grade D hazardous housing [1] - The plan includes various methods such as reinforcement, reconstruction, and renovation for grade C hazardous housing on state-owned land and non-standard housing of state-owned enterprises [1] Group 2 - The initiative calls for a categorized and phased approach to reinforce urban houses that have seismic safety risks and possess reinforcement value [1] - It aims to promote energy-saving renovations of existing residential and public buildings, enhancing the management of building insulation materials [1] - The document encourages residents to undertake indoor renovations of urban housing and emphasizes the transformation and mixed-use of old factories, inefficient buildings, and traditional commercial facilities [1]

内容概要：混合动力汽车（HEV）是将两种不同动力装置进行组合形成，结合汽车行驶情况对动力系 统进行灵活调整，以此保障汽车最佳性能实现。在诸多的新能源解决方案中，混合动力汽车因其在环保 和经济性方面的双重优势，受到了消费者的广泛欢迎，在汽车行业中极具发展前景。2024年全球混合动 力汽车销量约为1584万辆，较2023年增加233万辆。中国是全球最大的汽车市场，2024年中国混合动力 汽车市场规模约9167亿元，较2023年增长880.7亿元。混合动力汽车是燃油车向纯电动过渡的重要解决 方案，有着相对成熟的技术，就市场情况来看，有着不错的口碑和较高的销量。在如今电动汽车全球大 爆发的背景下，混合动力汽车将成为未来节能减排愿景的重要组成部分，纯电动汽车将成为混合动力汽 车销售的主流，公共领域用车将实现全面电动化。 上市企业： 比亚迪(002594.SZ)、理想(02015.HK)、塞力斯(601127.SH)、长安汽车(200625.SZ)、长城汽 车(601633.SH)、吉利汽车(00175.HK)、上汽集团(600104) 相关企业：丰田、本田、福特、宝马、奔驰、宁德时代、中创新航、大洋电机、精进电动、德赛 ...

证券代码：002088 证券简称：鲁阳节能 山东鲁阳节能材料股份有限公司投资者关系活动记录表 编号：2025-001 | 投资者关系活 | □特定对象调研 □分析师会议 | | | --- | --- | --- | | 动类别 | □媒体采访 √业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 □其他 （请文字说明其他活动内容） | | | 参与单位名称 | 线上参与公司 年度网上业绩说明会的投资者 2024 | | | 及人员姓名 | | | | 时间 | 2025 年 5 月 14 日 15：00-17：00 | | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 上市公司接待 | 董事、总经理 Brian Eldon Walker 先生 | | | 人员姓名 | 独立董事朱清滨先生 | | | | 财务负责人姚永华女士 | | | | 副总经理、董事会秘书崔子娆女士 | | | | 年度网上业绩说明会互动交流主要问答如下： 2024 | | | | 1、行业以后的发展前景怎样？ | | | | 答：陶瓷纤维是纤维类轻质耐火 ...

近年来，环保税等绿色税制，通过正向激励机制引导企业自觉践行绿色发展理念，推动升级改造，加强排污治理。国家税务总局最新税收数据显示，今年一 季度我国绿色发展稳中向好，其中全国绿色低碳产业销售收入同比增长13.6%，绿色低碳产业发展速度进一步加快。广州市税务部门积极发挥税收职能作 用，通过绿色税制引导企业绿色转型，走"绿色发展"的新路子，守护绿水青山。 绿色税制助污水处理企业守护青山绿水 在广州新狮水务有限公司的污水处理厂内，源源不断的污水正从粗细格栅、初沉池，流到生物池、消毒池，经过生化处理、沉淀、消毒等多道工序，最终成 为一泓清水重新投入使用。据介绍，该污水处理厂日均处理污水量4.9万吨，全年处理污水量近1800万吨。 "近年来，我们已在更新升级污水处理设备方面投入近130万元，确保每一滴水从'进厂'到'出厂'的指标都符合排放标准，实现生态与经济的良性循环。"该公 司相关负责人安源介绍道："要实现这样的循环，研发创新是核心。" 税惠红利为能源企业发展"充电" 广东粤电花都天然气热电有限公司是一家持续深耕电力、热力、燃气及水生产和供应领域的综合性能源企业，在地区能源保障与供应体系中发挥着重要作 用。该公司财务负 ...

Market Position and Competition - The aluminum-clad wooden window industry has a low concentration with a CR5 of less than 2%, and the company's market share is only 0.3% [2] - The company has established strong competitive barriers through core technology, production processes, and a nationwide sales network [3] - The company's products have a higher retail price compared to competitors due to superior performance in thermal transmittance, air tightness, and water tightness [3] Financial Performance - In 2024, revenue from energy-saving aluminum-clad wooden windows decreased by 51.53% to 383 million yuan, with a gross margin decline of 14.32 percentage points [4] - The overall revenue for 2024 dropped by 39.71% to 567 million yuan, and the net profit turned to a loss of 42.19 million yuan [13] - The company's cash flow improved, with operating cash flow turning positive at 10.36 million yuan in Q1 2025 [8] Product Development and Innovation - The company has developed a range of passive building products, with nearly 20 products certified by Germany's PHI [3] - New product lines, including pure plastic windows and aluminum-clad plastic windows, are being developed to target the renovation market [9] - The company plans to enhance its digital transformation and supply chain management through the implementation of MES systems [5] Strategic Initiatives - The company aims to increase its overseas revenue share to 20%-25% by 2028, focusing on markets like North America and Australia [7] - A strategy to expand terminal store layouts and improve single-store output is being implemented [10] - The company is adjusting its traditional bulk business scale, reducing its proportion from 60% to 50% in 2024 [10] Risk Management - The company emphasizes strengthening accounts receivable management, especially in light of extended payment cycles from real estate clients [14] - A cautious approach to bad debt provisions is maintained, with 100% provisions for receivables over three years old [14] Shareholder Returns - The company plans to maintain a cash dividend of no less than 30% of distributable profits, but due to losses in 2024, cash dividends are not feasible [15]

Industry Overview and Trends - The thermostat industry is crucial for controlling and regulating temperature across various sectors, including industrial production, daily life, and scientific research [1] - Thermostats are primarily categorized into mechanical and electronic types, with electronic thermostats becoming the mainstream due to their speed, accuracy, and programmability [4] - The market is witnessing a shift towards smart, digital, and networked electronic thermostats, enhancing user experience while improving energy efficiency [4][5] Current Status of the Thermostat Industry - The demand for smart thermostats is increasing, driven by the growth of the smart home market and the rising automation levels in industries like food processing and pharmaceuticals [5] - The Chinese thermostat market has been expanding steadily, maintaining a high annual growth rate [5] Development Trends in the Thermostat Industry Technological Development Trends - The industry is moving towards smart automation, high-precision control, and green energy solutions, with technologies like IoT, big data, and AI enabling self-learning and adaptive regulation [6] - Advanced sensor technologies are enhancing precision for demanding environments, while energy-efficient components and algorithms are promoting sustainable development [6] Market Demand Trends - In the residential sector, the penetration rate of smart thermostats is expected to rise from 35% in 2023 to 50% by 2025, driven by consumer awareness and policies promoting smart home features [7] - The industrial sector is seeing a significant increase in customized temperature control solutions, with the market size projected to reach 8 billion yuan by 2025 [7] - Emerging sectors like electric vehicles and cold chain logistics are creating new growth opportunities for high-precision thermostats [7] Policy Direction Trends - National "dual carbon" goals and policies promoting smart transformation are creating a favorable environment for smart thermostats in energy-efficient buildings and industrial automation [8] - New regulations mandate the installation of smart temperature control systems in new residential buildings, supported by government subsidies for energy-saving solutions [8]

| 政策波动对业务带来的潜在风险。在夯实主业、提升经营管理水平的同 | | --- | | 时，公司高度重视投资者关系管理与市值管理工作。未来公司将进一步 | | 加强与资本市场的互动交流，拓宽沟通渠道，以更全面、直观的方式向 | | 投资者展现公司的核心竞争力与发展潜力，增进投资者对公司价值的认 | | 知与认同，实现公司价值与市场价值的良性互动。感谢您对公司的关注！ | 2、您好！观察到近期行业回暖趋势明显，贵司在智能显示照明、 半导体分销等核心业务领域技术优势突出。请问二季度以来，贵司高端 产品线（如 Mini LED 驱动芯片、高附加值商业照明解决方案）的客户 拓展及订单增长情况如何？此外，国家"新基建"与绿色节能政策持续 推进，太龙是否有计划加大相关领域研发投入或布局新产能，以把握政 策红利、进一步提升市场份额？期待您的解答！ 答：尊敬的投资者，您好！公司二季度以来相关业务的具体订单情 况，还请留意公司后续发布的公告及定期报告，我们会按照相关规定及 时履行信息披露义务。后续公司将持续强化经营管理效能，深度整合与 优化现有资源配置，依据业务发展布局及实际订单状况，动态、灵活地 调整产能规划与生产安排， ...

Core Insights - Vatti's innovative "high-efficiency air-cooled combustion heat exchange technology" has been recognized as "internationally leading" at a technology achievement appraisal meeting [1] - The company reported a total revenue of 6.372 billion yuan for 2024, reflecting a year-on-year growth of 2.23%, and a net profit of 485 million yuan, up 8.39% from the previous year, indicating stable growth driven by technological innovation [3] Technology and Market Performance - The retail market for water heaters in 2024 reached 53.2 billion yuan, with a year-on-year growth of 5.3%, and gas water heaters specifically saw an 8.8% increase in retail sales [4] - Vatti's new technology addresses long-standing issues in traditional water-cooled heat exchangers, such as corrosion and high surface temperatures, by implementing a "three-dimensional air absorption cooling" concept [5] - The new technology improves energy efficiency by 7.6% and increases the heat exchange rate by 26.3%, allowing for reduced gas consumption while providing more hot water [5] Innovation and Industry Impact - Vatti has developed a self-adaptive air volume control algorithm and noise reduction technology, achieving noise levels below 40 dB, which meets library-level quietness standards [6] - The project has secured 16 patent authorizations and has established a group standard for evaluating the performance of air-cooled combustion systems, enhancing Vatti's authority in the gas water heater sector [6] - As of the end of 2024, Vatti holds 4,416 national patents, with 885 new patents added, positioning the company as a leader in the industry [8] Future Outlook - Experts believe Vatti's technological breakthroughs are significant for the industry, especially during China's transition to high-quality manufacturing [10] - The company aims to become a global leader in high-end kitchen spaces, continuously enhancing the kitchen experience for Chinese families while contributing to industry advancements [10]

Core Viewpoint - The company is facing significant challenges in its financial performance due to a downturn in the photovoltaic industry, resulting in a substantial decrease in revenue and net profit for the year 2024 [8][20]. Company Overview - The company reported a total revenue of 1,303,780.89 million yuan for 2024, a decrease of 43.68% year-on-year [8]. - The net profit attributable to shareholders was -213,368.56 million yuan, representing a year-on-year decline of 242.10% [8]. - The weighted average return on equity was -36.07%, down by 57.22 percentage points compared to the previous year [8]. Business Segments - The company operates in two main segments: equipment manufacturing and clean energy, with the former providing stability and the latter driving growth [8]. - The equipment manufacturing segment has achieved breakthroughs in heat pumps, heat exchangers, and air cooling, while the clean energy segment has made significant investments in photovoltaic and hydrogen energy technologies [8][20]. Market Conditions - The photovoltaic industry is experiencing a downturn, with the company’s component business achieving some performance breakthroughs despite the overall industry losses [8][20]. - The global photovoltaic market is projected to continue growing, with an expected addition of nearly 530 GW of new installations in 2024, despite a slowdown in growth rates [24][25]. Regulatory Environment - The company is subject to various regulations, including the newly implemented "Water Conservation Ordinance," which emphasizes the importance of water-saving technologies in industrial applications [23][20]. - The government has set ambitious targets for energy savings and carbon reduction, which are expected to drive demand for energy-efficient equipment and services [21][20]. Future Outlook - The company is well-positioned to benefit from the increasing demand for energy-saving and water-saving technologies, particularly in sectors such as power generation, petrochemicals, and metallurgy [20][24]. - The ongoing development of hydrogen energy is recognized as a crucial strategy for achieving carbon neutrality, with significant policy support expected to enhance the industry’s growth prospects [26][27].