证券代码：002360 证券简称：同德化工 山西同德化工股份有限公司投资者关系活动记录表 | 投资者关系活动 | □特定对象调研□分析师会议 | | --- | --- | | 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） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 5 月 20 日 (周二) 下午 14:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事长张烘 | | 员姓名 | 2、财务总监金富春 | | | 3、董事会秘书张冬 | | | 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： | | | 1、2024 年公司研发投入 1295.39 万元，占营业收入的 | | | 2.38%，较上年有所下降，但依然在积极开展产学研合作等 | | | 科研活动，目前取得了哪些关键技术突破和 ...

Core Viewpoint - The recent adjustment of the Hong Kong Stock Connect list has led to a significant impact on the stock price of Kedi-B (02487), which experienced a notable decline followed by a recovery, supported by strong financial performance and market sentiment towards its new product developments [1][3][6]. Stock Performance - Kedi-B's stock price fell by 20.60% over six trading days after being removed from the Hong Kong Stock Connect [1]. - Following a brief recovery, the stock saw a dramatic drop of 26.88% on April 7 due to market volatility, creating a potential buying opportunity [1]. - The stock hit a low of 3.64 HKD on April 9 but rebounded significantly, reaching a peak of 7.62 HKD by May 20, surpassing pre-removal levels [1][3]. Financial Performance - Kedi-B reported total revenue of approximately 280 million RMB for 2024, a year-on-year increase of about 103% [6][7]. - Gross profit for the same period was around 144 million RMB, reflecting a 102% increase year-on-year, while net loss narrowed by 77.91% to approximately 434 million RMB [6][7]. - The company achieved a gross margin of 51.3%, up from 50.6% in the previous year, driven by improved product lines and cost management [8]. Product Line and Market Strategy - The revenue growth was primarily attributed to increased sales of hair care and skincare products, with hair care revenue exceeding 160 million RMB and skincare revenue surpassing 110 million RMB [8]. - Kedi-B plans to enter a second growth phase in 2025 with three significant prescription drugs, including treatments for acne and hair loss, which are expected to drive future revenue growth [9]. - The company is also involved in the development of a botulinum toxin product, CU-20101, which has received approval in South Korea, showcasing its technical capabilities [10][12]. Market Context - The domestic medical aesthetics market is under pressure, with many companies reporting declines in Q1 2025, yet Kedi-B's stock performance indicates positive market sentiment towards its product developments [11]. - The botulinum toxin market in China is projected to reach 11.4 billion RMB by 2025, with a compound annual growth rate of 23.9% from 2020 to 2025, indicating strong growth potential [12][14]. - Kedi-B's entry into the botulinum toxin market, particularly with innovative product forms, positions it well against established competitors [14].

Group 1 - The reduction of tariffs between China and the US allows for continued business interactions, but the normalization of tariffs as a bargaining tool introduces more uncertainty for companies [1] - Chinese companies, already facing low profit margins, may struggle with the volatility of tariffs, leading to a dilemma of either lowering prices at a loss or raising prices and losing orders [1] - Companies are advised to focus on two main strategies: cost reduction and creating conditions for price increases [1][6] Group 2 - To effectively reduce costs, companies in price-sensitive industries should aim to minimize expenses by sourcing more cost-effective materials and components, even down to small items like screws [1] - Utilizing tools like Qizhi Dao's industrial chain map can help companies identify suppliers nationwide and filter them by attributes to find suitable partners [1][3] - Companies can also leverage Qizhi Dao's AI to discover methods for lowering production costs and shortening production cycles, thus uncovering potential cost-saving opportunities [3] Group 3 - To create conditions for price increases, companies should focus on developing unique, scarce, and brand-effective innovative products that can establish a differentiated pricing matrix [6] - While innovation carries risks, companies can use Qizhi Dao to transform uncontrollable factors in the innovation process into quantifiable and manageable paths [6] - The platform allows for quick insights into technological trends, analysis of evolution paths, and comparison of technical parameters and selling points of successful global products, ultimately aiding in the generation of differentiated innovation strategies [6]

Core Viewpoint - The Shenzhen Stock Exchange 2025 Global Investor Conference highlighted the investment value of Chinese assets and the A-share market, focusing on the theme of "New Productive Forces: New Opportunities for Investment in China" [1] Group 1: Company Insights - Leju Robotics' Chairman, Leng Xiaokun, announced the completion of the 100th large humanoid robot by the end of 2024, demonstrating the industrial value of humanoid robots [1] - In the first quarter of this year, Leju Robotics delivered approximately 300 humanoid robots, comparable to the delivery volumes of new energy vehicles around 2018 [1] - The company has achieved a 90% localization rate for its humanoid robots, significantly reducing the cost from 3 million yuan for the first robot in 2018 to only several hundred thousand yuan for the current model [2] Group 2: Industry Trends - The reduction in hardware costs is primarily driven by increased production volumes and advancements in large model skills, indicating a trend towards more affordable humanoid robots in the future [2]

五月的矿山，机器轰鸣，热潮涌动。在"期中考"的关键节点，中煤新集阜阳矿业交出了一份亮眼的"进 度清单"：111104回采工作面安全高效运转，140505工作面顺利进入联合试运转阶段，111101围面工程 按计划稳步推进……这份"优质答卷"的背后，是该矿以"夯基固本、精打细算、党建引领"为破题密钥， 在高质量发展赛道上全力冲刺"双过半"的奋斗缩影。 面对煤炭市场的动态变化，该矿灵活生产组织模式，实行"以销定产、以产定供"策略。市场需求旺盛 时，在保证安全的情况下，开足马力加快生产节奏；市场需求疲软时，动态调整两个工作面的生产，优 化生产和作业流程，强化精采细采，避免库存积压，实现产销平衡、效益最大化。 坚持"抓煤质就是提效益"的思想，该矿加强原煤开采、运输、筛选到加工等各个环节管理。实施生 产"分采、分运、分储"策略，强化全流程煤质管控、精煤回收率动态考核，提升煤炭产品附加值。优化 洗选工艺、合理配煤，定期抽检煤质，提高商品煤综合煤质，增强市场竞争力。加快智能化销售平台建 设步伐，实现地销无人值守称重系统各环节的信息化与自动化，全面提高销售效率，降低运营成本。 该矿强化智能设备应用与采煤工艺优化，掘进头面按照" ...

Core Viewpoint - The company reported strong financial performance in Q1 2025, with significant year-over-year and quarter-over-quarter growth in revenue and net profit, driven by its gaming and educational segments [1][4]. Financial Performance - In Q1 2025, the company achieved revenue of 28.829 billion yuan, representing a year-over-year increase of 7.4% and a quarter-over-quarter increase of 7.8% [1] - The net profit attributable to shareholders was 10.301 billion yuan, showing a year-over-year growth of 34.9% and a quarter-over-quarter growth of 17.5% [1] - The adjusted net profit was 11.237 billion yuan, with a year-over-year increase of 32% and a quarter-over-quarter increase of 16.1% [1] - Gross margin improved to 64.1%, up 0.7 percentage points year-over-year and 3.3 percentage points quarter-over-quarter [1] Gaming Business - The gaming and value-added services segment generated revenue of 28.83 billion yuan, with a gross margin of 68.8% [2] - New game releases contributed significantly to revenue growth, with titles like "Marvel Duel" and "Yanyun Sixteen Sounds" achieving high player engagement [2] - Long-standing games like "Identity V" and "Blood Strike" also saw substantial revenue increases, with "Identity V" experiencing a 123% rise in global revenue [2] Educational Segment (Youdao) - Youdao reported revenue of 1.298 billion yuan, a decline of 6.7% year-over-year and 3.1% quarter-over-quarter [4] - Operating profit increased by 247.7% to 104 million yuan, marking a historical high for Q1 [4] - The AI-driven strategy led to significant improvements in profitability, with learning services revenue reaching 602 million yuan, and AI subscription services growing over 40% year-over-year [4] Music and Other Segments - NetEase Cloud Music generated revenue of 1.858 billion yuan, down 8.4% year-over-year, but showed effective cost control with a gross margin of 36.7% [5] - The innovation and other business segment reported revenue of 1.624 billion yuan, a decrease of 17.6% year-over-year [6] - The company is focusing on enhancing product offerings and leveraging AI technology across various segments to improve user experience and operational efficiency [6] Future Outlook - The company plans to continue its focus on innovation and long-term operations in Q2 2025, with multiple game releases and expansions in the educational sector [3][4] - The company expects to maintain strong revenue growth across its diversified product matrix, with a target price of 203 HKD and a "buy" rating [7]

再次启动"自我革命" 财报数据显示，2024财年，日产汽车全球销量为334.6万辆，同比下降2.8%。其中，受日产汽车在华持续调整供需关系影响，以及中国本土品 牌激烈竞争的冲击，2024财年日产汽车在中国市场的零售销量同比下降12.2%。与此同时，日产汽车在欧洲市场以及日本本土市场的销量分别 下降2.9%和4.8%。由于新车型的上市，日产汽车在北美市场的销量同比增长了3.3%。 与此同时，2024财年，日产汽车汽车业务营收为11.37万亿日元（约合人民币5660.9亿元），营业亏损为2160亿日元（约合人民币107.56亿 元）。 日产汽车正处在艰难的业务调整阶段。 近日，日产汽车披露了2024财年（2024年4月至2025年3月）财报。数据显示，报告期内日产汽车营收为12.63万亿日元（约合人民币6287.47亿 元），同比下降0.4%。尽管营收基本持平，但其营业利润同比下滑87.7%至698亿日元（约合人民币34.77亿元），净亏损达到6709亿日元（约 合人民币334.23亿元），2023财年盈利4266亿日元（约合人民币212.47亿元），营业利润率为0.6%。 在惨淡的业绩以及转型压力下，日产汽车决 ...

Core Insights - The industrial sector is moving towards precision and automation, increasing the demand for cleanliness and automation in processes, which presents broad application prospects for the company's cleaning equipment and intelligent solutions [1] - The company aims to capture market opportunities by enhancing technological reserves, improving operational efficiency, and strengthening cost control to achieve high-quality development [1] Business Overview - The company operates primarily in two segments: industrial cleaning systems and surface treatment, and intelligent equipment manufacturing [1] - In 2024, the industrial cleaning systems and surface treatment segment generated revenue of 1.264 billion yuan, accounting for 92.78% of total revenue [1] - The intelligent equipment manufacturing segment, which includes rubber intelligent equipment, digital factories, and electrical automation, achieved revenue of 95.96 million yuan, representing 7.04% of total revenue [1] Market Position and Strategy - The company has 69 years of experience in providing complete solutions for industrial cleaning and surface treatment, with a strong focus on high cleanliness and precision requirements [2] - The majority of the company's revenue comes from overseas, with domestic revenue at 110 million yuan (less than 10% of total revenue) and overseas revenue at 1.252 billion yuan (91.89% of total revenue) in 2024 [2] - The company employs a global and localized operational strategy for its overseas subsidiaries, focusing on serving regional markets [2] Financial Performance - The company has faced challenges, with net profits showing losses for five consecutive years, and a net loss of 21.76 million yuan in 2024, which slightly widened year-on-year [2] - Total revenue for 2024 was 1.362 billion yuan, a year-on-year decline of 5.51% [2] - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of 94.84 million yuan [2] Future Outlook - The company plans to continue focusing on its core business, driving product innovation and market expansion to enhance its industry influence and consolidate its market position [2] - Efforts are being made to reduce costs, optimize resource allocation, and improve operational quality to achieve better performance [3]

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：873665 证券简称：科强股份 公告编号：2025-039 江苏科强新材料股份有限公司 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 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 16 日 第二，推进生产工艺创新，实现降本增效。公司自主研发的一体化生产设备， 创新性地将压延与硫化等关键工艺环节进行整合优化，有效缩短生产周期，大幅 提升生产效率，同时显著增强产品质量稳定性，通过工艺革新实现生产成本的有 效控制。 第三，强化原材料成本管控优势。作为主营业务成本的核心构成，原材料成 本占比较高，其价格波动对公司经营业绩影响显著。公司紧密跟踪市场动态，精 准把握行业周期规律，在原材料价格低位实施战略储备，同时通过优化采购渠道、 完善供应链管理体系等举措，成功抵御价格波动风险，维持产品毛利率的稳定水 平。 活动地点：全景网"投资者关系互动平 ...