证券代码：000811 证券简称：冰轮环境 冰轮环境技术股份有限公司投资者关系活动记录表 编号：【2025】第 032 号 | | | □特定对象调研 | □分析师会议 | | --- | --- | --- | --- | | 投资者关系 | | □媒体采访 | □业绩说明会 | | 活动类别 | | □新闻发布会 | √路演活动 | | | | □现场参观 | □其他 | | 参与单位名称 | | | 华泰自营李锋、国信自营康睿强、浙商证券王一帆、华泰证券王 | | 及人员姓名 | | 龙钰、中信建投汪洁、星石投资陈飞 | | | 时间 | | 2025 年 7 月 8 日 | | | 地点 | | 公司会议室 | | | 上市公司接 | 待人员姓名 | 董事会秘书孙秀欣 | | | | 活动期间谈论的主要内容如下： | | --- | --- | | | 一、讨论了公司业务情况和产业板块 | | | 公司致力于在能源和动力领域提供先进的系统解决方案和 | | | 全生命周期服务，主要产品形式为压缩机和换热装置，实施温控、 | | | 增压等冷热能管理功能，覆盖-271℃-200℃温度区间。具体有螺 | ...

Core Insights - The article highlights the success stories of private enterprises in Quanzhou, emphasizing their perseverance and commitment to manufacturing, which has led to significant growth and market presence [1][2]. Group 1: Success Stories - The founder of Xunxing Zipper, Shi Nengkeng, transformed a small business selling zippers into a large enterprise with an annual revenue of 2 billion yuan [1]. - Hong Zhao, the founder of Qipai Menswear, started with 300 yuan and grew the brand to over 3,500 stores, showcasing innovation and market differentiation [1]. Group 2: Industry Characteristics - Quanzhou's private enterprises have evolved from processing to creating their own brands, demonstrating resilience and a focus on core business despite challenges [1][2]. - The manufacturing sector in Quanzhou is characterized by high investment costs and long return cycles, yet companies have chosen to focus on their main business rather than quick profits [1]. Group 3: Economic Contribution - Private enterprises contribute significantly to Quanzhou's economy, accounting for 70% of local tax revenue, 80% of regional GDP, and 90% of technological innovations [2]. - The private sector has become a defining feature and advantage of Quanzhou's development, highlighting its importance in job creation and enterprise growth [2]. Group 4: Future Outlook - Despite facing challenges, the potential of the vast domestic market and opportunities from technological revolutions are seen as avenues for growth [2]. - The article emphasizes the need for both government and enterprises to maintain confidence and determination to foster the emergence of more enduring private enterprises [2].

Core Viewpoint - Shenzhen Zhaowei Electromechanical Co., Ltd. has completed the cancellation of 7,000 stock options for one incentive object who has left the company, in accordance with its 2024 stock option and restricted stock incentive plan [1][4][5] Summary by Sections Approval Procedures for the Incentive Plan - On August 7, 2024, the company held meetings to approve the draft of the 2024 stock option and restricted stock incentive plan [2] - The internal announcement of the incentive plan's beneficiaries took place from August 8 to August 17, 2024, with no objections received [2] - The second extraordinary shareholders' meeting on August 28, 2024, approved the incentive plan and subsequent meetings confirmed the granting of stock options and restricted stocks [2][3] Cancellation of Stock Options - The cancellation of stock options was due to the departure of an incentive object, who no longer met the eligibility criteria, resulting in the cancellation of 7,000 stock options [3][4] Completion of Cancellation - The cancellation process has been confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. [4] Impact on the Company - The cancellation of stock options complies with relevant laws and regulations and will not materially affect the company's financial status or operational results [5]

Core Viewpoint - Shenzhen Yilian Infinite Technology Co., Ltd. (Yilian Infinite) experienced a significant decline in performance after withdrawing its IPO application, leading to a discounted acquisition by Guangyun Da [2][4] Group 1: Acquisition Details - Guangyun Da announced plans to acquire 56.0299% of Yilian Infinite for a total valuation of 6.28 billion yuan, which reflects a significant decrease from the initial IPO valuation of at least 14.7 billion yuan [3][8] - The acquisition involves purchasing 51.1494% from Yilian Infinite's actual controller and 4.8805% from Shenzhen Boyuan Zhili Management Consulting Partnership [4] - The acquisition is not classified as a related party transaction and does not constitute a major asset restructuring under relevant regulations [4] Group 2: Financial Performance - Yilian Infinite's financial performance showed a stark contrast between its IPO application period and the current state, with a reported net profit of only 2,875.09 million yuan in 2024, which is less than 34% of the 2022 figure [7][12] - The company's revenue figures from 2020 to mid-2023 indicated a growth trajectory, with revenues of 375 million yuan, 437 million yuan, 789 million yuan, and 282 million yuan respectively [5][6] - The company's total assets decreased from 4.394 billion yuan in 2022 to 3.354 billion yuan in mid-2023, indicating a downward trend in financial health [6] Group 3: Background and Context - Yilian Infinite's IPO application was submitted in June 2023 but was withdrawn in March 2024 after failing to respond to the second round of inquiries [4][10] - The second-largest shareholder, Wang Zhoufeng, is under investigation for economic crimes, which may have impacted the company's performance and the acquisition terms [9][12] - Guangyun Da aims to integrate Yilian Infinite into its operations to enhance its position in the network communication equipment manufacturing market and expand overseas [10][13]

Meeting Overview - The second meeting of the fifth Supervisory Board of Maide Medical Industrial Equipment Co., Ltd. was held on July 7, 2025, via on-site and remote voting, with all three supervisors present [1][2] - The meeting was chaired by Mr. Wu Jiangping, and the notice was sent to all supervisors on July 2, 2025 [1] Resolutions Passed - The Supervisory Board approved the proposal regarding the capital increase and related transactions of the controlling subsidiary, Zhejiang Maideshun Contact Lens Co., Ltd. [1] - The board believes that this capital increase and related transaction aligns with the development strategy and long-term planning of Maideshun, meets its funding needs, and enhances its sustainable development capabilities [1] - The transaction pricing is deemed fair and reasonable, and the decision-making process complies with relevant laws and regulations, ensuring no adverse impact on the company's independence or financial performance [1]

Summary of Key Points Core Viewpoint - The company has approved a total guarantee amount of RMB 136,935 million for its wholly-owned and controlling subsidiaries, with a specific guarantee of USD 30 million for its subsidiary Avmax Group Inc. to secure a loan from Bank of China (Canada) [1][2]. Guarantee Overview - The company provided a guarantee amounting to RMB 21,451.80 million for Avmax's loan application, which is within the previously approved guarantee limit [2][3]. - The total external guarantees provided by the company as of May 31, 2025, amount to RMB 336,052.48 million, representing approximately 72.83% of the company's latest audited net assets [5]. Financial Data - As of the latest audited financials, the company's total assets are RMB 462,246.78 million, total liabilities are RMB 244,656.10 million, and net assets are RMB 217,590.68 million [3]. - The company's revenue for the audited period is RMB 105,538.85 million, with a total profit of RMB 11,097.14 million and a net profit of RMB 8,942.31 million [3]. Contractual Details - The guarantee for Avmax's loan is structured under a contract with Bank of China (Canada), with a term extending until July 15, 2026 [4]. - The company assumes joint liability for the loan under the guarantee, and in case of claims, the bank can directly access the company's funds without prior consent [4][5]. Board Approval - The guarantee has been approved by the company's board during its 21st meeting and the annual shareholders' meeting [5].

【导读】光韵达拟收购亿联无限 56% 股权，后者 IPO 失败，业绩、估值双双大缩水 中国基金报记者 南深 IPO 前业绩高增， IPO 撤回后业绩立马跳水，但冲刺资本市场之心不死。为此，深圳市亿联 无限科技有限公司（以下简称亿联无限） " 曲线救国 " ，找到了 A 股公司光韵达，不过估值 相比 IPO 的 " 要价 " ，已经大打折扣。 7 月 8 日晚，光韵达公告，拟以现金方式收购陈政和深圳市博远智联管理咨询合伙企业（有 限合伙）（以下简称博远智联）所持亿联无限合计 56.0299% 股权。本次交易最终完成后， 光韵达将持有亿联无限 56.0299% 股份，取得对标的公司的控制权，标的公司将纳入公司合 并报表范围。 亿联无限曾在 2023 年 6 月提交 IPO 材料，拟冲刺创业板，但在 2024 年 3 月收到二轮问 询后很快撤回， IPO 宣告终止。结合亿联无限彼时招股书披露的数据和此次光韵达披露的财 务数据，亿联无限业绩在 2024 年出现了断崖式下滑，与 IPO 报告期内的高增长形成鲜明反 差。 另外，记者注意到，今年 4 月 16 日光韵达其实已经公告过收购亿联无限的意向协议书，彼 时收购比例 ...

集"膜材料生产-工艺研发及装备制造-工艺设计-技术服务"为一体的物料分离全产业链企 业—— 同舟纵横 将出席 2025年8月20-22日，浙江·宁波 举办的 SynBioCon 2025 第四届合成生物与绿色生物制造大会 展示 最新解决方案。 同舟纵横(厦门)流体技术有限公司专注于工业流体领域的分离纯化，是一家集材料生产--工艺研发- --设备制造--药剂生产--EPC设计及工程总包为一体的国家级 高新技术企业和国家级专精特新小 巨人企业。 多年来同舟纵横不断探索已经完成了数百工程项目，涉及医药、化工、食品添加剂、淀粉糖、生物 发酵、植物提取、新能源、环保等各个领域，在实战中公司积累了大量的工程经验，树立了良好的 行业口碑，已经成为了利用压力驱动膜技术板块、电驱动膜技术板块和连续离交技术板块为客户提 供一站式解决方案的综合服务商。 T H E S I M P L E L I F E 产品特点 （4）氨基酸行业 （5）天然产物提取领域 （6）淀粉糖领域 （7）调味品行业 （8）农药行业 （9）兽药行业 （10）化工行业 （11）新能源行业 （12）废水深度处理行业 多样性：包括技术的多样性和产品的多样性，（1） ...

Group 1 - The importance of promoting the spirit of the Anti-Japanese War and its role in fostering patriotism and national pride among the Chinese people is emphasized [2][3][4] - The need for high-quality thematic exhibitions and educational activities to convey the significance of the Anti-Japanese War and its historical context is highlighted [3][4] - The call for innovation and transformation in traditional industries to enhance competitiveness and contribute to the manufacturing sector is reiterated [5][6] Group 2 - The focus on improving living standards and ensuring basic social services for vulnerable groups, such as the elderly and children, is stressed as a key aspect of social stability [6][7] - The commitment to ecological safety and green development is underscored, with an emphasis on transitioning to new energy and materials to support sustainable economic growth [8] - The importance of enhancing public safety and crime prevention measures to maintain social order and community safety is outlined [7][8]

Economic Overview - China's GDP grew by 5.4% year-on-year in Q1 2025, with a quarter-on-quarter increase of 1.2%[5] - Industrial added value for large-scale enterprises increased by 6.3% year-on-year in the first five months of 2025[5] - The service production index rose by 5.9% year-on-year during the same period[5] Consumption Trends - Social retail sales increased by 5.0% year-on-year in the first five months of 2025, with goods retail sales up by 5.1% and service retail sales up by 5.2%[6] - The "old-for-new" policy drove sales of five major categories to 1.1 trillion yuan, with approximately 175 million subsidies issued to consumers[6] - Retail sales of sports and entertainment products surged by 28.3% year-on-year in May 2025[6] Investment Dynamics - Fixed asset investment grew by 3.7% year-on-year in the first five months of 2025, with manufacturing investment increasing by 8.5%[9] - Investment in consumer goods manufacturing rose by 13.2%, while infrastructure investment saw a decline, with a year-on-year drop of 10.4% in real estate development investment[9][27] Export Performance - Total goods imports and exports increased by 2.5% year-on-year in the first five months of 2025, with exports rising by 7.2%[10] - The share of exports to the U.S. decreased from 19.2% in 2018 to 11.9% in May 2025, while exports to ASEAN increased from 12.8% to 17.8%[10] Policy Environment - The fiscal deficit for 2025 is set at 5.66 trillion yuan, with a deficit rate of 4%, marking the highest level in recent years[14] - The central government’s deficit is projected at 4.86 trillion yuan, accounting for 85.9% of the total deficit, also a record high[15] Monetary Policy - The monetary policy has shifted to "moderately loose," with measures including a reserve requirement ratio cut and interest rate reductions[19] - Social financing increased by 8.7% year-on-year as of May 2025, with M2 growth at 7.9%[19] Future Economic Trends - GDP growth is expected to reach 5.0% for the full year 2025, with Q2 growth projected at 5.3% and subsequent quarters at 4.8% and 4.6% respectively[21] - Consumer spending is anticipated to maintain a growth rate of 5.1% for the year, driven by structural changes in consumption patterns[22] Investment Outlook - Manufacturing investment is projected to grow by 7.9% for the year, supported by government policies and technological advancements[23] - Infrastructure investment is expected to grow by 6.7% for the year, bolstered by active fiscal policies and project approvals[28] Export Resilience - Exports are forecasted to grow by 1.2% for the year, supported by diversification in trade partners and product structures[30]