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 ...

Group 1: Green Development and Tax Incentives - The green tax system in China is promoting green development by encouraging companies to adopt environmentally friendly practices, leading to a 13.6% year-on-year increase in sales revenue for the green low-carbon industry in the first quarter of this year [1] - The Guangzhou tax authority is actively using green tax policies to guide companies towards green transformation and sustainable development [1][3] Group 2: Energy Sector Developments - Guangdong Yuedian Huadu Natural Gas Combined Heat and Power Company is focusing on green low-carbon energy technologies and has invested in combined heat and power projects, which are expected to generate approximately 3.8 billion kilowatt-hours of clean electricity annually [2] - The company has reported a reduction of about 440,000 tons of standard coal consumption and approximately 1.76 million tons of CO2 emissions compared to coal-fired power plants [2] Group 3: Wastewater Treatment Innovations - Guangzhou Xinshi Water Co., Ltd. operates a wastewater treatment plant with a daily capacity of 49,000 tons, processing nearly 18 million tons of wastewater annually [4] - The company has invested around 1.3 million yuan in upgrading wastewater treatment equipment to ensure compliance with discharge standards and promote ecological and economic sustainability [4] - Tax incentives have allowed the company to benefit from over 1.2 million yuan in tax reductions, which will be reinvested into upgrading environmental equipment [4] Group 4: Future Tax Policy Directions - The Guangzhou tax authority plans to continue optimizing tax services and fully leverage tax incentives to foster new green development momentum and enhance high-quality economic growth [5]

编号：2025-001 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐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） | | 参与单位名称及人员姓名 | 线上参与公司2024年年度报告网上业绩说明会的投资者 | | 时间 | 2025年05月09日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长兼总经理 范庆伟 | | | 董事兼财务总监 迟娜娜 | | | 独立董事 周国庚 | | | 董事会秘书 李鹏飞 | | 投资者关系活动主要内容 | 1.目前沙特工厂建设情况怎么样了？ | | | 答:您好！感谢您的关注！公司沙特工厂于2024年注册成立， | | | 厂房选定且装修完成。预计2025年6月底前实现量产。谢谢！ | | 介绍 | 2.公司产品应用于多个领域，如消防系统、市政给排水等，这 | | | 些领域公司的市场份额分别是多少？未来在哪些领域有较大的增长 | ...

Core Viewpoint - Suzhou Logistics Center is committed to building a near-zero carbon logistics park system focusing on "green energy," "intelligent management," "clean transportation," and "low-carbon infrastructure," aiming to serve as a model for green transformation in the logistics industry [1][2]. Group 1: Green Energy Initiatives - The company has implemented a large-scale photovoltaic power generation project, with 14 buildings and warehouses equipped with a total installed capacity of 2.2MW, providing an average of 2.9 million kWh of clean electricity annually, meeting 30% of its energy needs [1]. - By 2025, the logistics park is expected to achieve a total carbon reduction of 1,171.5 tons, a 90% decrease compared to 2022, with future photovoltaic projects anticipated to exceed 10.5MW, potentially reducing carbon emissions by 7,800 tons annually [1]. Group 2: Smart Energy Management - The company has established a smart energy management platform to monitor energy consumption in real-time across various operations, aiming for an annual reduction of over 380 tons of emissions [2]. - The East City Metropolitan project integrates distributed photovoltaic systems, energy storage, charging stations, and smart battery swap stations, saving approximately 500 tons of standard coal annually and reducing emissions by over 1,200 tons [2]. Group 3: Demand-Driven Approach - Suzhou Logistics Center focuses on the actual needs of its tenants, emphasizing a "photovoltaic + energy storage + smart management" strategy to address high energy consumption issues in the logistics sector [2]. - The company actively promotes green culture and aims to create a zero-carbon logistics park image, aligning economic benefits with environmental protection [2]. Group 4: Future Plans - The company plans to deepen the integration of green energy and smart logistics, establishing a four-phase ecological closed-loop system of "planning—construction—operation—promotion" to support a more efficient and low-carbon logistics industry [3].

此外，功能性单体实现营收6.07亿元，同比下降4.94%，主要变动原因为从销量上看，功能性单体整体销量减少了0.15%，销售结构的变化叠加 市场竞争及原料价格下降导致售价下降，最终体现收入下降了4.94%。 每经记者｜程雅 每经编辑｜魏官红 控股股东完成变更后不久，5月8日，富淼科技（688350.SH，股价15.39元，市值18.8亿元）召开了2024年年度股东大会，对公司年报等事项进 行审议。 2024年，富淼科技实现营业收入15.66亿元，较上年同期下降4.54%；归母净利润为-465.45万元，这也是公司2021年上市后首次出现亏损。 富淼科技表示，营收下降主要是受下游竞争加剧与主要原料降价的影响导致化学品售价与收入的下降。同时因园区企业开工不足，能源外供中 的蒸汽销量下降，叠加煤炭降价导致蒸汽售价与收入下降。归母净利润的下降、由盈转亏主要系收入与毛利率的下降、募投项目转固投产后折 旧摊销的增加，可转债利息费用化计提及资产减值计提的增加所致。 在股东大会上，富淼科技董事长熊益新在回复股东提问时也分析了公司出现上市首亏的多方面原因，包括化工行业整体低迷、竞争加剧、可转 债利息费用化成本的计提等。 水处理 ...

证券代码：002686 证券简称：亿利达 浙江亿利达风机股份有限公司 编号：2025-001 投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 ▇业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他： 参与单位名称及人员 姓名 线上参与公司 2024 年度网上业绩说明会的投资者 时间 2025 年 05 月 07 日（星期三）下午 15:00-17:00 地点 公司七楼会议室 上市公司 接待人员姓名 公司董事长吴晓明先生、公司总经理江澜先生、公司副总经理兼财 务总监张俊先生、公司副总经理兼董事会秘书翟峰先生、公司独立 董事赵克薇女士 投资者关系活动 主要内容介绍 1、在产品研发、技术创新方面，如何与行业发展方向接轨，保持 竞争优势？ 投资者您好，感谢您的提问！公司多年来聚焦 EC 风电机系统的投 入，力求在产品性能、制程自动化以及品质等多方面同步对标国际 先进企业，为全球客户提供更具价值的产品。 2、公司本期盈利水平如何？ 投资者您好，感谢您的提问。2024 年销售规模，盈利能力均稳中 有进。营业收入 161,851.28 万，较去年同期增长 1,852.60 万，增 长幅度 1.14%。归 ...

Performance Summary - In Q1 2025, the company achieved revenue of 7.669 billion yuan, a year-on-year increase of 19.10% and a net profit attributable to shareholders of 903 million yuan, up 39.47% year-on-year [1] - The gross profit margin was 26.83%, a decrease of 0.2 percentage points year-on-year, while the net profit margin was 12.04%, an increase of 2.0 percentage points year-on-year [1] Operational Analysis - The performance exceeded expectations, with significant improvement in profitability. The expense ratios for sales, management, finance, and R&D were 1.87%, 6.01%, 0.01%, and 4.69%, respectively, showing a year-on-year decrease in sales and management expenses [2] - The net cash flow from operating activities was 468 million yuan, a year-on-year increase of 333.66%, primarily driven by increased cash receipts from sales of goods and services [2] Future Outlook - In the refrigeration and air conditioning components business, the company is the largest manufacturer globally, benefiting from climate change and energy-saving policies, leading to steady growth in this segment [3] - In the automotive components business, the company has strong ties with leading automakers such as Mercedes-Benz, BMW, and BYD, with continued growth driven by the high demand in the new energy vehicle sector [3] - The robotics business is progressing steadily, with plans for overseas capacity expansion and potential contributions from Tesla's humanoid robot expected to enhance future performance [3] Profit Forecast and Valuation - Revenue projections for 2025-2027 are 30.805 billion, 35.629 billion, and 44.536 billion yuan, representing year-on-year growth of 10.23%, 15.66%, and 25.00% respectively [4] - Net profit forecasts for the same period are 3.680 billion, 4.298 billion, and 5.526 billion yuan, with year-on-year growth of 18.73%, 16.79%, and 28.59% respectively, maintaining a "buy" rating [4]

Group 1: Company Development Strategy - The company focuses on high-end and intelligent manufacturing, emphasizing "import substitution and energy conservation" as its product positioning [1] - Key areas of development include enhancing the manufacturing of critical components, expanding sales channels, and optimizing production processes [1] - The company aims to increase R&D investment and talent acquisition to drive innovation and explore new market growth points [1] Group 2: Impact of International Market Conditions - The company believes in the sustained growth of the Chinese economy and manufacturing sector, maintaining strategic focus despite market fluctuations [2] - The company’s products are closely linked to macroeconomic trends, and it aims to convert pressure into opportunities through transformation and upgrading [2] - The company has narrowed the competitive gap with international brands, evidenced by its products receiving industry recognition [2] Group 3: New Production Base Development - The company is actively establishing new production bases in Ningbo, Chongqing, and Jiangxi to enhance market competitiveness and profitability [2] - The new bases are expected to significantly improve manufacturing capacity and efficiency, positively impacting overall performance [2] - Construction of these bases is progressing as planned, with production capacity expected to be released in the second half of the current year [2]

Core Viewpoint - The company is undergoing significant operational changes, including the shutdown of inefficient power generation units and a major asset restructuring plan aimed at improving financial performance and compliance with regulatory requirements [7][20][29]. Financial Data - The company reported a total installed capacity of 3.51 million kilowatts as of March 31, 2025, with specific plants contributing to this total [4]. - The weighted average utilization hours for coal power units decreased by 76 hours year-on-year to 1,253.44 hours in Q1 2025 [5]. - The company’s coal production in Q1 2025 was 1.4758 million tons, with a saleable coal output of 1.2232 million tons [6]. Operational Changes - The company plans to shut down the Pan San Power Plant's units 1 and 2, which have a combined capacity of 270,000 kilowatts, to comply with national policies aimed at eliminating outdated production capacity [20][29]. - The decision to close these units is expected to optimize the company's asset structure and reduce losses from smaller, less efficient units [29][32]. Asset Restructuring - The company is in the process of a major asset restructuring, which includes acquiring an 89.30% stake in a power group from its controlling shareholder through a combination of stock issuance and cash payment [7][8]. - The restructuring is classified as a significant asset reorganization under regulatory guidelines, but it will not change the company's actual controller [7]. Shareholder Information - The company has proposed a cash dividend plan for 2025-2027, aiming to distribute at least 75% of the net profit attributable to shareholders as cash dividends each year [12]. - The company will not distribute cash or stock dividends for the 2024 fiscal year to support the acquisition and restructuring efforts [15]. Environmental Compliance - The shutdown of the Pan San Power Plant is part of the company's commitment to meet energy efficiency and environmental standards set by the government [20][29].

Financial Performance - In 2024, the company achieved operating revenue of 6.602 billion yuan, a year-on-year decrease of 11.6% [11] - The net profit attributable to shareholders was 190 million yuan, down 47.5% year-on-year [11] - In Q1 2025, the company reported operating revenue of 1.173 billion yuan, a decline of 5.6% [11] - The net profit attributable to shareholders in Q1 2025 was a loss of 38 million yuan [11] Cost Control Measures - The company implemented centralized procurement of raw materials and a combination of spot and futures trading to reduce procurement costs [1] - Smart and digital reforms were introduced to lower production and labor costs, enhancing efficiency [1] - Technical formula optimization was employed to reduce product costs, positively impacting market competitiveness [1] Market Comparison - The company's PVC pipe fittings had a gross margin of 16.8%, significantly lower than competitors like Weixing at 21.75% due to differences in procurement costs, product structure, sales models, pricing systems, customer bases, and application fields [1] Industry Outlook - The plastic pipe industry is expected to see a gradual recovery in market demand due to urbanization and infrastructure development [2] - The unique advantages of plastic pipes, such as energy saving, water conservation, and environmental protection, align with government initiatives for sustainable development [2] Strategic Planning - For 2025, the company aims for a main business revenue target of 6.607 billion yuan, representing a growth of 5.61% [5] - The company will continue to focus on "increasing revenue, reducing costs, mitigating risks, and ensuring implementation" [5] Impact of External Factors - Exports to the U.S. account for approximately 3% of the company's revenue, indicating limited impact from U.S. tariffs on overall sales [6] Future Growth Points - The company plans to expand sales of high-value-added products and niche market segments, including home decoration, gas pipelines, agricultural irrigation, fire protection, and industrial pipelines [9] - Collaboration with supporting industries such as switches, home furnishings, and smart equipment is expected to create synergistic effects with pipeline business [9]