Group 1 - The core project of Zhongke Fuyuan (Ya'an) Technology Development Co., Ltd. has officially commenced, with an annual production capacity of 100,000 tons of immersion cooling liquid [2] - The total investment for the project is 106 million RMB, located in the Ya'an Economic and Technological Development Zone, covering an area of approximately 200 acres [2] - Zhongke Fuyuan was established on November 8, 2024, with a registered capital of 15 million RMB, and is a wholly-owned subsidiary of Zhongke Xingshi (Sichuan) Technology Group Co., Ltd. [2] Group 2 - Zhongke Xingshi (Sichuan) Technology Group Co., Ltd. is a state-owned holding enterprise focusing on three core areas: fluorinated new materials, hydrogen energy, and basalt fiber [3] - In the fluorinated new materials sector, the company has developed leading products such as ETCF-22 immersion cooling liquid and GFR-02 environmentally friendly polymer flame retardants [3] - The hydrogen energy sector includes key technologies like PEM water electrolysis and solid-state hydrogen storage, with products such as hydrogen energy storage systems and hydrogen-powered vehicles [3]

Group 1: Company Performance and Strategy - The company aims to continuously improve operational efficiency and profitability to enhance investment value and shareholder returns [2] - Over 70% of the company's products are exported, with a low proportion sold to the U.S. market [4] - The company is actively seeking business opportunities in Brazil, a key market for agricultural protection [3] Group 2: Product Development and Market Expansion - The company is working on launching the new pesticide, Cyhalofop-butyl, which requires domestic registration [3] - Plans to diversify into low-carbon chemical products and fluorinated new materials are underway [3] - The company is monitoring trade policy changes to adapt its strategies and maintain market competitiveness [4] Group 3: Financial Concerns and Market Reactions - The company acknowledges that stock price fluctuations are influenced by macroeconomic conditions and market trends [5] - As of the end of 2024, the company has unsold resources amounting to 120 billion yuan, with a high debt ratio of 85% [6] - The company emphasizes that it does not plan to sell core assets or equity as part of its debt restructuring efforts [6]

在交流环节，投资者就多个问题进行了提问。有投资者询问美国关税对公司的影响，公司董事、副总经 理、董事会秘书亓轶群回复称，公司业务主要面向全球市场，70%以上产品销往国外，而销往美国市场 的产品占比不高。公司将采取多元化供应链策略、优化生产工艺和流程以降低成本，运用适当的定价策 略转嫁部分关税负担，并积极拓展其他市场以减少对美国市场的依赖。目前公司已根据关税变化积极调 整业务，相关事项对公司整体经营情况影响有限。 针对投资者关于环丙氟虫胺国内上市时间的提问，亓轶群表示，环丙氟虫胺上市前需取得国内新农药登 记证，目前公司已提交新农药申请登记的材料。 5月12日下午，泰禾股份（301665）2024年度暨2025年第一季度业绩说明会在全景路演平台成功举办。 公司董事、总经理谢思勉，董事、副总经理、董事会秘书亓轶群，财务总监华虹，独立董事徐晓勇，证 券事务代表偰瑜，保荐代表人杜攀明等领导嘉宾与投资者进行了深入交流。 年报数据显示，2024年泰禾股份实现营业收入42.36亿元，同比增长9.51%；归母净利润达2.66亿元，基 本每股收益0.66元。2025年一季报显示，公司一季度营业收入为10.33亿元，同比增长18. ...