南财智讯2月2日电，英思特在投资者关系活动中表示，存储价格高涨虽沿产业链向上传导，但因磁性材 料应用器件在消费电子产品中单体价值量较低，且公司采用成本加成的定价模式，因此该提价压力对公 司毛利率的影响是可控的；公司已与客户形成成熟、灵活的价格协商机制，并持续通过内部精益管理优 化成本结构以应对潜在市场风险。 ...

Core Viewpoint - The company emphasizes that its production and operations must consider multiple factors, including market demand, inventory structure, customer orders, resource endowment, and long-term development [1] Pricing Mechanism - The sales price of the company's products is primarily determined using a cost-plus pricing model [1] - Prices, order quantities, and technical specifications are negotiated on a one-on-one basis with major customers, typically on an annual, semi-annual, or quarterly basis [1] - Customers reference the average price of raw materials over a period prior to contract signing to determine pricing levels [1] Price Transmission - There is a certain lag in the transmission of raw material price changes to the sales prices of finished products due to factors such as pricing models, market competition, and customer relationship management [1]

Core Viewpoint - The company employs a "cost-plus" pricing model, which may experience temporary impacts on gross margins due to rapid fluctuations in raw material prices, but can maintain stability through gradual price adjustments over time [1] Pricing Strategy - The company utilizes a "cost-plus" pricing model, which allows for gradual price transmission to stabilize gross margins in response to long-term trends in raw material prices [1] Supplier Relationships - The company has established long-term stable partnerships with various types of raw material suppliers, ensuring a steady supply of materials from its headquarters in Baotou, Inner Mongolia, a major source of rare earth materials in China [1] Procurement and Inventory Management - The company has signed long-term agreements with suppliers to guarantee stable raw material supply and closely monitors market dynamics and policy changes to predict raw material price trends [1] Operational Measures - The company implements several measures to mitigate the adverse effects of raw material price fluctuations on its operational performance, including advance procurement of rare earth materials based on existing orders, establishing price adjustment mechanisms with customers, optimizing formulations, and improving processes [1]

Group 1: Upstream Companies Performance - Upstream companies in the non-ferrous metals industry showed strong performance in the first half of 2025, driven by rising product prices [3] - Xibu Mining achieved operating revenue of 31.619 billion yuan, a year-on-year increase of 27%, with net profit attributable to shareholders reaching 1.869 billion yuan, up 15% [3] - Cangge Mining reported operating revenue of 1.678 billion yuan and net profit of 1.8 billion yuan, a year-on-year growth of 38.8%, with potassium chloride average selling price increasing by 25.57% to 2845 yuan/ton [3] - Lead prices surpassed 17,100 yuan/ton due to rising demand from the battery sector, benefiting upstream mining companies [3] Group 2: Downstream Companies Challenges - Downstream companies are facing cost pressures due to rising raw material prices, leading to a decline in profit margins for some [4] - Hanwei Technology reported a net profit drop of 87.86% year-on-year, primarily due to significant increases in production costs from raw material price hikes [4] - Instech adopted a cost-plus pricing model to manage raw material price fluctuations, facing challenges from the lag in price adjustments [4] - Xizi Clean Energy implemented a diversification strategy to mitigate raw material price risks, including traditional measures and futures hedging [4] Group 3: Global Expansion Strategies - Huagong Technology is actively advancing its global business strategy, establishing over 60 offices across major regions in China and setting up four overseas R&D centers [5] - The company has seen significant growth in export orders in Europe, North America, and the Middle East, with new overseas production bases and subsidiaries [5]