Core Viewpoint - Shenzhen Shangshui Intelligent Co., Ltd. is attempting to list on the ChiNext board after failing to IPO on the Sci-Tech Innovation Board, with its application for the ChiNext accepted on June 19 [1][2] Company Overview - Shangshui Intelligent has over ten years of experience in the intelligent equipment industry, focusing on micro-nano powder processing, precision measurement of powder-liquid mixtures, and functional film preparation [1] - The company's products are applicable in various sectors, including new energy batteries, new materials, chemicals, food, pharmaceuticals, and semiconductors [1] Financial Performance - Projected revenues for Shangshui Intelligent from 2022 to 2024 are approximately CNY 397 million, CNY 601 million, and CNY 637 million, respectively [1] - Corresponding net profits for the same period are estimated at CNY 97.72 million, CNY 234 million, and CNY 153 million [1] Fundraising Plans - The company aims to raise approximately CNY 587 million in its IPO, with planned investments of CNY 228 million in the manufacturing base, CNY 209 million in the R&D center, and CNY 150 million for working capital [1] Comparison with Previous IPO Attempt - The fundraising target for the current ChiNext IPO is significantly reduced by about CNY 415 million compared to the previous Sci-Tech Innovation Board attempt, which sought CNY 1 billion [2] - The previous IPO plan included investments of CNY 506 million for the manufacturing base, CNY 296 million for the R&D center, and CNY 200 million for working capital [2]

| | □特定对象调研 □分析师会议 | | | | | | --- | --- | --- | --- | --- | --- | | 投资者关系活动 | □媒体采访 ■业绩说明会 | | | | | | 类别 | □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） | | | | | | 参与者 | 网络投资者 | | | | | | 时间 | 2025 年 15:00—17:00 | 5 | 月 | 19 | 日 | | 地点 | 全景网"全景•路演天下"投资者互动平台（http://rs. p5w.net） | | | | | | 上市公司 | 董事长、总经理：郭洪涛先生 | | | | | | | 独立董事：韩霞女士 | | | | | | 接待人员姓名 | 董事、财务总监：余之森先生 | | | | | | | 董事会秘书、副总经理：魏巍先生 | | | | | | | 2025 年 5 月 19 日在全景网站的"全景•路演天下" | 公司于 | | | | | 投资者关系活动 | 举办了 年度网上业绩说明会。网络投资者 ...

Group 1: Financial Performance - The company's gross profit margin for 2024 is 13.83%, showing a significant decline compared to 2023 and 2022 [5] - In Q1 2025, the company reported a revenue of 115.78 million yuan, a decrease of 2.35% year-on-year, with a net loss of 1.51 million yuan, down 555.15% from the previous year [6] - The company's issued goods increased by 18.13 million yuan compared to the previous year, primarily due to AGV robot solutions still in the debugging and acceptance phase [6] Group 2: Strategic Development Plans - The company aims to become a leader in automotive smart interior components, focusing on three product series: smart mechanisms, smart lighting, and smart imaging [6] - Plans include enhancing R&D for new energy vehicle components and improving product quality and competitiveness to capture market opportunities [7] - The company will integrate systems like PLM, MES, and WMS to achieve full-process visualization and digital management, enhancing production automation [7] Group 3: R&D and Innovation - In 2024, R&D expenses amounted to 33.12 million yuan, representing 4.60% of revenue, with a significant increase in patents: 37 invention patents (up 208.33%) and 208 total patents (up 12.43%) [8] - The company is developing new products such as smart electric air vents and industrial cleaning robots, aiming to adapt to the intelligent transformation in the automotive and robotics industries [8] Group 4: Market Expansion and Customer Base - The company has expanded its customer base to include international clients like ZF in Germany and Scania in Sweden, as well as domestic clients like Dongfeng and Li Auto [9] - The company’s AGV business has diversified its application areas beyond automotive manufacturers to include logistics and parts suppliers [10] Group 5: Shareholder and Fundraising Information - The total amount raised from public offerings was 101.20 million yuan, with a net amount of 85.76 million yuan after deducting issuance costs [11] - The company has fully utilized the raised funds for its projects, which are now in orderly production [11]

Group 1 - The conference held in Chengdu's Xinjin District focused on promoting high-quality development of the private economy, attracting nearly 500 guests and industry experts [1] - Liu Yonghao, Chairman of New Hope Group, shared insights on the company's 43-year journey in agriculture, emphasizing the importance of modernizing agriculture and improving farmers' livelihoods [3] - Xinjin District released its first innovation list for 2025, covering six key areas including artificial intelligence and green food, aimed at addressing government and market needs [3] Group 2 - The conference included a signing ceremony for projects with a total investment exceeding 10 billion, involving 16 companies such as China Resources Beverage and Zhiki Food, injecting new vitality into the local economy [3] - Xinjin's private economy accounted for 66.3% of its GDP in 2024, ranking first in Chengdu, with a contribution of 94.4% to GDP and 75.6% to tax revenue [4] - The district plans to enhance market opportunities, eliminate hidden barriers, and promote efficient resource allocation to foster a fair competitive environment for market entities [4]

Group 1 - Company signed an investment cooperation agreement for the construction of a new energy special vehicle and intelligent equipment industrial base with a total investment of 1 billion yuan [1][2] - The project is located in the Jiangsu Province Zhonglou High-tech Industrial Development Zone, with an expected construction period of 24 months and a total building area of 80,000 square meters [2][3] - The project is expected to start construction by the end of December 2025 [2][3] Group 2 - The agreement was approved by the company's board and the annual general meeting, and it does not constitute a related party transaction or a major asset restructuring [2] - The local government will provide support in terms of environmental, fire safety, and tax matters to facilitate the project [3][4] - The company is required to pay all land transfer fees and related taxes, and to meet specific tax revenue targets during the project's operation [3][4] Group 3 - The agreement includes provisions for breach of contract, with penalties for both parties in case of non-compliance [4] - The project is expected to have a positive impact on the company's future operating performance and market expansion [4]

Group 1 - The company, Jinglv Environment (001230.SZ), has signed an investment cooperation agreement with the Jiangsu Zhonglou High-tech Industrial Development Zone [1] - The total planned investment for the project is 1 billion yuan, aimed at establishing a new energy special vehicle and intelligent equipment industrial base [1] - The project will be executed in two phases, with the first phase involving an investment of 500 million yuan [1] Group 2 - The project is expected to commence construction by the end of December 2025, with a construction period of 24 months [1] - The total building area for the project will be 80,000 square meters [1] - The investment aims to enhance the company's core competitiveness in the fields of new energy special vehicles and intelligent environmental sanitation equipment [1]

Core Viewpoint - The company has signed an investment cooperation agreement for a new energy special vehicle and intelligent equipment industrial base project with a total planned investment of 1 billion yuan [1] Group 1: Project Details - The project will be executed in two phases, with the first phase involving an investment of 500 million yuan [1] - The project site is located on the southern side of the En Dufa area, with a total construction area of 80,000 square meters [1] - The expected construction period is 24 months, with plans to commence by the end of December 2025 [1] Group 2: Compliance and Regulations - The project company will adhere to relevant laws and regulations for project planning, design, and construction [1] - The project will comply with environmental protection, safety production, fire safety, civil defense, energy consumption, earthquake, meteorology, and traffic requirements [1]

Group 1 - The Chengdu Xinjing District held a conference to promote high-quality development of the private economy, attended by nearly 500 guests and industry experts [1] - Liu Yonghao, Chairman of New Hope Group, shared the company's experience in agriculture and food industry layout, emphasizing a "5+3" industrial structure and a shift towards artificial intelligence and digital transformation [1][2] - The conference introduced the first batch of scenario innovation lists for 2025, covering six major fields and 23 scenarios, aimed at fostering collaboration between government and market supply [2] Group 2 - In 2024, the private economy in Xinjing District is projected to account for 66.3% of GDP, ranking first in Chengdu, with contributions of 94.4% to GDP and 75.6% to tax revenue [3] - The district plans to enhance the business environment through ten service efficiency cases and specific work plans for 2025, focusing on market opportunities and resource integration [3] - A total investment exceeding 10 billion was signed during the conference, involving 16 companies, which will inject new vitality into the private economy in Xinjing [2]

Company Performance - Maider Medical achieved an annual revenue of 275 million yuan with a comprehensive gross margin of 43.56% [1] - Revenue from blood purification and safe infusion line machines reached 104 million yuan and 116 million yuan, with gross margins of 51.81% and 39.44% respectively [1][3] - The company reported a 39.38% year-on-year increase in overseas revenue, totaling 17.63 million yuan, with a gross margin of 44.90%, surpassing domestic sales by 1.43 percentage points [3] R&D and Innovation - The company invested 40.41 million yuan in R&D, a 21.81% increase year-on-year, accounting for 14.70% of total revenue [1][5] - Maider Medical submitted 146 patent applications during the reporting period, including 21 invention patents, and received 78 new patent authorizations [5] - The company has a total of 416 authorized patents, including 195 invention patents, and has actively participated in drafting national and provincial standards [5][7] Market Position and Strategy - Maider Medical is recognized as a leading supplier of dialysis consumables and has maintained the highest market share in the industry for three consecutive years from 2021 to 2023 [3] - The company is focusing on expanding its product matrix in the contact lens business and has successfully obtained multiple medical device registration certificates [4] - The company aims to enhance its operational efficiency and expand its medical equipment industry chain by advancing its smart medical consumables project and technology center [4][6] Industry Trends - The global medical device market reached a size of 582.6 billion USD in 2023, growing by 5.40% year-on-year, while China's market exceeded 1 trillion yuan, reaching 1,032.8 billion yuan [2] - The medical device industry is transitioning towards high-quality development, driven by policy support, market expansion, and automation in production [2] - The company is positioned to leverage the opportunities presented by the aging population and the advancement of manufacturing strategies in China [1][2]