证券代码：002209 证券简称：达意隆 广州达意隆包装机械股份有限公司 编号：2025-005 投资者关系活动类别 ☑ 特定对象调研 □媒体采访 □新闻发布会 ☑ 现场参观 □分析师会议 业绩说明会 □路演活动 □其他(请文字说明其他活动内容) 活动参与人员 一、参与机构及人员 （一）现场调研：国泰海通证券 任苒威、中泰证券 寇鸿基、 华夏基金 邓寒、申万菱信基金 谢欣雨、玄元投资 童煜凯、 前海开源基金 邱杰、梵星基金 李泓桦、景顺长城 孟禾 （二）线上会议：浙商证券、华夏基金 二、上市公司接待人员 副总经理、董事会秘书：王燕囡女士 时间 2025 年 11 月 20 日、2025 年 11 月 21 日 地点 公司会议室、线上会议室 形式 现场调研、线上会议 交流内容及具体问答 记录 一、公司产品体系及经营情况介绍 二、互动交流 1、当前国内饮料行业整体景气度一般，但是公司近几年国 内业务表现不错，公司有什么竞争优势吗？ 答：近年来，在居民消费结构持续优化升级的背景下，消费 者对健康、天然、低糖及低卡路里饮料的需求持续高涨，植 物基饮料、无糖茶饮、功能性饮料等细分品类市场表现突出， 成为推动下游饮料市场 ...

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 西部证券股份有限公司：朱北岑 紫金矿业投资（上海）有限公司：王凯 时间 2025 年 11 月 12 日 15:00-16:30 地点 山东省枣庄市市中区十里泉东路 1 号 泰和科技 会议室 上市公司 接待人员 姓名 1、董事长、总工程师：程终发 2、董事会秘书、财务总监：石 卉 投资者关 系活动主 要内容介 绍 本次调研不涉及应披露的重大信息。 调研问题回复： 1、公司主业水处理药剂是否还有降本及盈利提升空间？ 回复：泰和科技这几年集中精力对十几个车间进行技改，基本 实现了自动化、连续化、无人化、智能化，原材料的利用率接近于 100%，费用也降到了行业的较低水平，比如 16 万吨 HEDP 车间， 算上车间主任、安全员、设备管理员共 20 人左右，人员成本降低， 后续降本空间不大。盈利主要靠给客户提供更优质服务和定制化产 品服务，来获取一定的溢价空间。 2、公司硫化锂项目目前进展如何？ 证券代码：300801 证券简称：泰和科技 山东泰和科技股份有限公司 2025 年 1 ...

Core Viewpoint - The company is enhancing its production efficiency and precision by utilizing automated equipment such as welding robots and intelligent groove cutting robots [2] Group 1 - The company responded to investor inquiries on November 3 regarding its production processes [2] - The implementation of automation in production is aimed at improving work efficiency [2] - The use of advanced technology is expected to increase precision in manufacturing operations [2]

永创智能液态食品包装线订单充足，2024 年和 2025 年订单已超 10 亿 元，占据约 10%市场份额，主要受益于健康饮料市场对无菌灌装线需求， 产品已能满足市场需求，逐步缩小与国外竞争对手差距。 公司在啤酒行业玻璃瓶灌装线市占率达 70%，市场规模约 3-5 亿元/年， 受益于生产线更换周期和啤酒厂资本开支，与百威合作拓展海外市场， 但海外业务量较小，取决于下游企业海外市场开拓情况。 常温乳品设备市场长期被利乐垄断，市场空间约 50-60 亿元/年，永创 智能已布局多年，通过技术迭代，设备坏包率已达满意水平，有望推广， 该领域毛利率高达 35%，将显著提升公司盈利能力。 公司年初涉足人形机器人业务，已迭代多次，积累自动化生产线经验， 并通过自身渠道向下游客户推广，例如纸箱客户单一子行业就有 50 万 客户，每个客户理论上都有配备人形机器人的需求。 标准机单价较低且交付快，适合中小型客户自动化升级需求，公司以前 通过标准机加协作机器臂解决自动化问题，现在利用人形机器人更好地 满足需求，拓展市场份额，提高业务效率。 永创智能 20251021 摘要 今年（2025 年）初，公司开始涉足人形机器人业务，目前已 ...

Summary of Dinglong Technology Conference Call Company Overview - **Company**: Dinglong Technology - **Industry**: Telecommunications and Automotive Key Points Financial Performance - **Gross Margin**: Increased to 31.8% in Q3 2025, up from 27.4% in Q2 2025, attributed to product structure adjustments and high margins on telecommunications products, particularly the 122G product [2][12] - **Net Profit**: Q3 net profit was 61 million yuan, slightly down from 63 million yuan in Q2, indicating stable profitability [3] Telecommunications Business - **122G Product**: Monthly demand rose from 1.3 million units in Q2 to 1.5 million units in Q3, with expectations for year-end stockpiling [2][4][7] - **56G Product**: Demand decreased from 200-300 thousand units to 70-80 thousand units monthly, but remains stable [4][7] - **24G Product**: Expected to begin mass production in 2026, currently contributing minimally to revenue [4][7] Automotive Business - **Revenue Contribution**: Automotive business revenue share decreased to 10% due to rising metal material prices and adjustments to unprofitable products [2][5] - **BMS Aluminum Busbar Project**: Automatic line received customer approval, with mass production expected in Q1 2026 [2][5] - **Cost Pressures**: Rising metal prices have increased costs, particularly affecting automotive modules [8] Liquid Cooling Products - **Current Status**: In customer validation phase, with mass production expected to start by year-end or Q1 2026 [2][6] - **Production Facilities**: A cleanroom has been established to meet customer requirements [6][13] Future Growth Expectations - **New Projects**: Anticipated revenue growth from liquid cooling and BMS projects starting in 2026 [9] - **Market Adaptation**: Plans to optimize telecommunications and automotive business structures to mitigate raw material price fluctuations [9] Automation Investments - **Investment in Automation**: Significant investments made in automation equipment, expected to enhance production efficiency and reduce labor costs by Q1 2026 [19] - **Production Capacity**: Automation will allow for 24-hour continuous production, reducing quality risks associated with manual labor [19] Competitive Landscape - **Liquid Cooling Competition**: Two forms of competition exist; bundled delivery of liquid cooling plates and connectors is favorable for the company, while separate deliveries could pose challenges [20] - **Product Layout**: Focus on dual-layer cooling and liquid cooling products, with potential expansion into other product lines [21][25] Regional Expansion - **Vietnam Investment**: Ongoing registration and land acquisition for a new facility in Vietnam, expected to complete construction by the end of 2026 and begin production in early 2027 [24] - **Client Partnerships**: Collaborations with companies like Amphenol and Luxshare are progressing, with potential for increased production capacity in Vietnam [27] Market Demand and Pricing - **224G Product**: Anticipated rapid demand growth in 2026, with a price increase of approximately 20% due to EMI shielding factors, maintaining a profit margin of 33-35% [4][17] - **Price Adjustments**: The company is prepared for potential price reductions in the 122G product, estimated at 2-3% in 2026 [22] Revenue Projections - **Automotive Connector and BMS Revenue**: Expected revenue of 200-300 million yuan from automotive connectors and BMS projects in 2026, with a focus on high and low voltage connectors [23] Quarterly Trends - **Q4 Shipment Trends**: Positive shipment trends observed, with October demand at approximately 1.5 million units, expected to increase by year-end [28] Conclusion - **Strategic Focus**: The company aims to maintain profitability and adapt to market changes while expanding its product offerings and production capabilities in both telecommunications and automotive sectors [29]

Core Viewpoint - Longlide (300883) is leveraging a significant number of industrial robots in its automated production lines to enhance efficiency and reduce costs through automation and intelligence [1] Group 1: Automation and Robotics - The company utilizes industrial robots primarily for repetitive tasks such as material handling, stacking, and product transportation (e.g., AGV/AMR) [1] - The implementation of these robots is fundamental to achieving automation and smart manufacturing [1] Group 2: Future Developments - As the company continues to grow, it plans to consider the application of humanoid robots in the future [1]

Core Insights - Foreign executives, including Ford's CEO, expressed astonishment at China's technological advancements during their visit to smart manufacturing factories [1][3] - The visit highlighted China's superior production costs and automotive quality compared to Western factories, prompting some executives to reconsider their internal production plans [3][5] Group 1: Technological Advancements - Ford's CEO Jim Farley was impressed by innovations in autonomous driving, artificial intelligence, and facial recognition technology in Chinese factories [3] - The president of Fortescue Metals Group, Andrew Forrest, noted the efficiency of Chinese assembly lines, which are largely automated and operated by robots [3] Group 2: Workforce and Innovation - The CEO of Octopus Energy, Greg Jackson, remarked on the shift from reliance on government subsidies and cheap labor to a workforce of highly skilled engineers driving innovation in China [5] - The International Federation of Robotics reported a significant increase in the number of industrial robots in China, from 189,000 in 2014 to over 2 million by 2024 [5] Group 3: Global Competitiveness - Despite the large population being cited as a reason for China's achievements, data shows that China's robot usage per capita surpasses that of the US, Germany, and the UK [5] - The chief economist of the European Centre for Reform emphasized the need for the West to invest in robotics technology to keep pace with China's innovation [5]

Core Insights - The production efficiency of ceramic mugs is significantly influenced by the manufacturing process of the handle, with automation being a key solution to enhance productivity [1][3] - The ceramic industry in Hunan Liling is experiencing a revival through the adoption of automation technologies, including robotic arms and 3D printing, leading to improved production capabilities [3][5] - Liling's ceramic industry is not only focused on daily-use ceramics but also plays a crucial role in the electrical porcelain sector, contributing to a substantial share of national production [3][5] Group 1: Automation and Production Efficiency - Hunan Taoer Ceramic Technology Co., Ltd. showcased an automated ceramic handle production machine that can mold a handle in under a minute, significantly reducing manufacturing time and improving cleanliness in the production environment [1][3] - The traditional method of producing handles through pouring liquid clay into molds is less efficient and requires skilled labor, highlighting the advantages of automation [1][3] Group 2: Industry Growth and Technological Advancements - Liling has seen nearly 100 ceramic manufacturers invest approximately 400 million yuan in automation and intelligent upgrades, installing around 1,100 sets of automated production equipment [3][5] - The electrical porcelain sector in Liling is projected to account for nearly 30% of the national output in 2024, with high-voltage insulators making up over 40% of the national production [3][5] Group 3: Integration with Tourism and Employment - The ceramic industry in Liling is a significant driver of local employment, directly supporting around 200,000 jobs across various sectors, including research, manufacturing, and sales [7] - The integration of ceramics with tourism has created experiential opportunities for visitors, enhancing the region's appeal and contributing to economic growth [7]

Core Viewpoint - The company held an online investor meeting to discuss its mid-year performance and address investor inquiries regarding various business aspects [1] Group 1: Automation and Production - The company has equipped its facilities with automated production technologies, including unmanned injection molding workshops and intelligent robotic arms, to enhance production efficiency and establish smart factories [2] - Continuous optimization of production processes and equipment upgrades are being implemented to improve lean production levels [2] Group 2: International Expansion and Tariffs - The company’s primary export market is the United States, where most tariffs are currently borne by its customers [2] - A production base in Thailand has been established to expand into Southeast Asia and other emerging markets, enhancing supply chain flexibility and risk resilience [2] Group 3: Partnerships and Clientele - The company maintains long-term stable partnerships with numerous well-known automotive manufacturers, covering both traditional and new energy vehicle sectors [2] - Specific details regarding potential collaboration with Chery Automobile, which is preparing for a Hong Kong IPO, can be found in the company's public announcements [2] Group 4: Business Operations and Financial Health - The company reports normal production and operations, with a sufficient backlog of orders [2] - Detailed financial performance for 2025 will be disclosed in upcoming periodic reports [2] Group 5: New Business Ventures - The company has begun generating revenue from carbon fiber composite products in the drone sector, specifically carbon fiber propellers, and plans to deepen research and development in this area [2] - The company is exploring lightweight materials for use in robotics, having secured a project with a leading domestic humanoid robot manufacturer, although this business segment is still in the early exploratory phase [2] Group 6: Competitive Advantages - The company’s competitive edge lies in its focus on automotive interior and exterior components, particularly in technology and research and development, customer resources, product supply capabilities, and product quality [2]

Group 1: Company Overview - The company, Guangzhou Jinzhong Automotive Parts Co., Ltd., is listed under stock code 301133 and is known for its automotive parts production [1] - As of June 30, 2025, the total number of shareholders is 9,861 [3] Group 2: Production and Technology - The company has implemented automation in production, including the use of unmanned injection molding workshops and intelligent mechanical arms [2] - The North American factory has entered the mass production phase, enhancing local production capabilities for North American clients [3] - The company is expanding its production base in Thailand to target Southeast Asian markets and improve supply chain flexibility [3] Group 3: Market Strategy and Partnerships - The company is actively pursuing overseas production to optimize its global layout, with a focus on North America and Southeast Asia [3] - It has established long-term partnerships with various well-known automotive manufacturers, covering both traditional and new energy vehicle sectors [3] - The company is exploring opportunities in the robotics sector, having secured a project for robot torso shells with a leading domestic humanoid robot company [4] Group 4: Financial Performance and Future Outlook - The company reported improved operational performance in the mid-year report compared to the first quarter, indicating a positive trend for 2025 [3] - Future developments in carbon fiber composite products for drone applications are being prioritized, with initial sales already recorded [3]