证券代码： 301055 证券简称：张小泉 张小泉股份有限公司投资者关系活动记录表 编号：2025-002 张小泉股份有限公司 | 渠道的多元化需求；以新材料、新工艺、新设备的研发应用为关键支撑， | | --- | | 深化基础研究与技术成果转化，加速构建核心自主知识产权体系。 | 3、请问一下咱们在文创领域是否有布局？ 答：文创产品的战略布局与零售渠道的全面建设具有深度绑定的协同 关系。产品供给是渠道拓展的核心基础，而渠道网络是产品变现的关键支 撑，二者相辅相成、缺一不可。公司近年来推出多款文创属性产品及品牌 IP"新匠师"的形象，适配线下零售门店的销售场景，未来也将加大资源 投入与精力倾斜，围绕文化 IP 深度挖掘，进一步丰富文创产品矩阵、拓 宽市场覆盖范围、深化品牌文化赋能，助力文创板块成为公司新的增长引 擎与核心竞争力之一。 4、近两年来公司营业收入和净利润双增长的主要原因？ 答：一是持续深化市场精细化运营，通过精准锚定产品定位与客群需 求，优化经销商体系结构、补齐空白市场短板、稳步搭建配送访销一体化 模式，夯实市场基础；二是聚焦战略主轴落地见效，以场景化为导向推进 产品开发，构建多元化、高品质的产 ...

高盛发表研究报告指，蔚来宣布发行10亿美元股份计划，所得资金将用于汽车技术研发、扩充换电及充 电网络投资，以及强化资产负债表，预期今次大规模股权融资将进一步支持蔚来执行其产品战略，估算 蔚来2025及2026年研发开支将达110亿元，通过今次配售可使负债比率从98%降至92%。 该行又指，过去两个季度蔚来的新车型包括乐道L90及蔚来ES8等竞争力显现改善，预计第三及第四季 度交付量可提升至8.9万及13.1万辆，对比首季及次季为4.2万及7.2万辆。该行给予"中性"评级，H股目 标价31.8港元，美股目标价4.1美元。 ...

Financial Performance - In 2024, the company's revenue reached 2.238 billion CNY, representing a year-on-year increase of 10.69% [1] - The net profit attributable to shareholders was 0.2238 billion CNY, a decline of 40.73% compared to the previous year [1] - The net profit margin decreased from 19% to 10.16% [1] - Financial expenses surged by 126.16% due to exchange rate fluctuations leading to foreign exchange losses [1] Business Operations - The main business segments are lightweight conveyor belts (51.89%) and precision molding (48.11%) [2] - The fixed asset turnover ratio fell from 3.85 to 2.72, indicating a decline in revenue generated per unit of fixed asset [2] - R&D expenses increased by 7.82% year-on-year, but the market performance of new products did not meet expectations [2] Strategic Initiatives - The company aims to enhance its overseas market presence while also developing domestic clients to balance sales channels and improve risk resilience [2] - Future plans include increasing R&D capabilities and improving product development efficiency to strengthen core competitiveness [2] - The company is investing in smart manufacturing and upgrading production lines to enhance automation and production efficiency [2]