广宇集团股份有限公司投资者关系活动记录表 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 （请文字说明其他活动内容） 参 与 单 位 名 称 及人员姓名 个人投资者 刘刚 时间 2025 年 5 月 22 日 地点 龙舌路 68 号鹤鸣广宇大厦 上市公司接待 人员姓名 董秘：华欣 投 资 者 关 系 活 动 主 要 内 容 介 绍 1、公司进入养老银发产业的初衷以及契机是怎样的？ 公司自 2014 年转型进入大健康领域，2017 年有机会被 推荐参加了日本的老博会，与松下开始接触并达成战略合 作，自此开始布局养老相关的辅具营销、机构和个人家庭的 适老化改造。经过七年的摸索，在养老领域持续探索，构建 与地产相结合的模式，开始安诺新程的打造，由此在医康养 护综合体建设、改造以及运营领域开始了深入的探索、复制。 2、目前很多健康活力老人还是选择居家，不知在打造 "医康养综合体"上有什么观念。另外，从投资的角度看， 贵司在地产领域的转型较早，并将地产与银发上升到双产业 驱动，从盈收角度怎么考虑？ 目前医康养护综合体的建设以及复制有地 ...

独特模式，引领养老新风尚 平台创新性地将旅居与换居概念融入中医养老服务体系。老年人可依据四季更迭与个人偏好，选择不同地域的驿站开启旅居生活，在领略各地风土人情的同 时，享受当地特色中医康养服务。例如，春季于江南水乡的驿站，参与中医养生讲座，体验疏肝理气的中医理疗；冬季奔赴温暖的南方，在阳光沙滩边进行 康复训练，品尝滋养身心的药膳。换居服务则为老年人提供了生活环境的多样化选择，丰富晚年生活体验。 在人口老龄化加速的当下，养老产业正迎来前所未有的发展机遇。我们的中医养老互联网平台，融合创新理念与多元服务，现诚挚邀请各界有识之士携手共 创辉煌。 线上线下结合，全方位保障健康 线上，我们打造了功能完备的智慧平台。通过移动应用和网站，老人及其家属可便捷获取各地驿站信息、预约服务、查询健康档案。平台运用大数据与人工 智能技术，为每位老人定制个性化健康管理方案，实时监测健康指标，提供远程医疗咨询服务。线下，分布广泛的中医养老驿站提供专业中医诊疗、康复理 疗、养生保健等服务。经验丰富的中医团队依据传统中医理论，结合现代医学手段，为老人的健康保驾护航。 如果您对养老产业充满热情，看好中医养老驿站互联网平台的发展前景，欢迎加入我 ...

Core Insights - The report highlights the shift in consumption patterns among the "new silver-haired" demographic in China, moving from a frugal approach to a focus on quality and self-indulgence in their spending habits [2][3] - This demographic, primarily consisting of individuals born in the 1960s and 1970s, is characterized by a stable income and a willingness to invest in experiences and products that enhance their quality of life [3][4] Consumption Trends - Travel has become a significant area of interest, with approximately 17.6% of older adults traveling more than three times a year, and 40.8% traveling once or twice a year, reflecting an increased focus on leisure and health [3] - The consumption of beauty and personal care products has also evolved, with a notable interest in high-quality, personalized, and technologically advanced products, as evidenced by the 2024 survey indicating that brands emphasizing safety and quality are gaining traction among older consumers [4] Service and Lifestyle Changes - The report notes a transition in lifestyle philosophies among the new silver-haired group, who are increasingly independent and exploring diverse retirement options, such as high-end retirement communities and smart home care solutions [4][5] - There is a growing trend of "buying time" through service-oriented consumption, with 25% of online grocery orders coming from individuals over 60, and a 36% year-on-year increase in delivery service orders, indicating a preference for convenience [5] Investment Recommendations - The report suggests investing in comprehensive wellness and travel communities that integrate medical and ecological resources to cater to the needs of the aging population [6] - It also recommends focusing on anti-aging medical aesthetics and biotechnology sectors, as well as accelerating the application of smart elderly care technologies to enhance community services and smart home ecosystems [6]

本届博览会积极适应银发经济发展大趋势，聚焦新时代老年人多层次多样化养老服务需求，设立十大展 区，共计220多家来自10多个国家和地区的政府部门、社会组织、品牌机构参展参会，同期举办了10多 场交流分享会和相关活动，共同探索养老服务业发展的新路径、新模式，为推动我国养老服务业高质量 发展、积极应对人口老龄化贡献更多的智慧和力量。同时，重磅推出的"中福汇养银发产业平台"也在博 览会上正式上线，助力银发产业生态升级。 "我国也已步入中度老龄化社会，老年群体多样化、差异化、个性化的服务需求日益增长，积极应对人 口老龄化，推动养老服务业高质量发展，已成为国家战略和全社会的共同责任。"徐建中表示，在这一 时代背景下，本届博览会以"携手共促新质生产力，探索银发经济新未来"为主题，汇聚国内外优质资源 和养老服务力量，搭建起高层次的国际交流合作桥梁，助力中国养老服务业加速与国际前沿理念、技术 和模式接轨，为破解行业发展瓶颈、提升老年人生活品质、积极应对人口老龄化国家战略实施作出积极 贡献。 新京报讯(记者吴为)5月21日，第十一届中国国际养老服务业博览会在北京国家会议中心举行。本届博 览会由中国社会福利与养老服务协会(简称中福 ...

Group 1 - The 2025 Hong Kong-Macao Shandong Week series of events was held in Hong Kong, featuring the establishment of 7 new offices in Hong Kong and Macao for Shandong, aimed at promoting "Lu" branded agricultural and food products directly to these regions [1][2] - During the event, Shandong state-owned enterprises signed 21 cooperation projects with Hong Kong and Macao partners, covering sectors such as telecommunications, healthcare, and transportation [2] - The establishment of the "Shandong International Talent Workstation" by Shandong's Hualu Group aims to accelerate the gathering of high-end talent in the region [2] Group 2 - A signing ceremony for the construction of a Hong Kong distribution supply chain base for Shandong agricultural and food products was held, launching the "Lu-Hong Kong Direct Train" cross-border supply chain channel [2] - Eight cooperation agreements were signed during the ceremony, and 16 Shandong enterprises received the Hong Kong quality "Zheng" certification, allowing their products to directly access Hong Kong, Macao, and RCEP markets [2] - The event also included a promotional meeting for Shandong's education and cultural tourism resources, resulting in a memorandum of cooperation between Shandong's Education Department and the Hong Kong Vocational Training Council [3]

Group 1 - The forum held in Guangzhou focused on advancing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, emphasizing the importance of supporting industrial and technological innovation through long-term and small-scale investments [1] - The "Four Integrations" approach was proposed to enhance the modern industrial system, aiming for a qualitative leap in the Greater Bay Area's industries [2][3] - The construction of a development community in the Greater Bay Area is deemed timely, with rapid development in various fields since the introduction of the development plan in 2019 [4] Group 2 - The "Four Integrations" include deep integration of technological and industrial innovation, regional collaboration, integration with international supply chains, and the fusion of digital, green, and cultural industries [2][3] - The financial sector in the Greater Bay Area is undergoing significant reforms, with policies like the "Nansha Financial 30 Measures" aimed at enhancing financial innovation and aligning financial services with local industry needs [5][6] - The Greater Bay Area is positioned as a highland for technological innovation, with financial policies supporting long-term capital for tech enterprises [6][8] Group 3 - The forum included discussions on building an international financial hub, with experts highlighting the advantages of technology finance in the Greater Bay Area [7] - The development of a cross-border financial data pool is suggested to enhance the integration of banking, securities, and insurance sectors [7] - The potential for the aging finance sector in Guangzhou is recognized, with opportunities to develop the elderly care industry and expand financial services for the aging population [8]

Core Viewpoint - Insurance capital is focusing on high dividend and technology growth sectors, with a total of 7,677 research activities conducted on A-share listed companies as of May 21 this year, indicating a strategic shift towards stable cash flow and growth potential [1][2]. Group 1: Research Activities - A total of 180 insurance institutions conducted 7,677 research activities on 1,292 A-share listed companies, showing a decrease in frequency compared to the same period last year [2]. - Among insurance asset management institutions, Taikang Asset Management and Huatai Asset Management led with 428 and 317 research activities, respectively [2]. - Pension insurance companies were the most active in research, with the top five being Ping An Pension Insurance, Changjiang Pension Insurance, China Life Pension Insurance, Taiping Pension Insurance, and China People's Pension Insurance [2]. Group 2: Reasons for Decrease in Research Frequency - The decline in research frequency is attributed to three main factors: focus on high dividend stocks in a low-interest environment, more precise investment strategies due to regulatory clarity, and established market consensus on certain technology growth sectors [3]. - Despite the decrease in research frequency, the allocation of stocks by insurance companies has increased, with the proportion of funds allocated to stocks rising to 7.56% for property insurance companies and 8.43% for life insurance companies, up by 1.2 and 1.65 percentage points year-on-year, respectively [3]. Group 3: Investment Focus - The primary focus of insurance capital research includes high dividend sectors and technology growth sectors, such as electronic components, industrial machinery, electrical components and equipment, integrated circuits, medical equipment, and regional banks [4]. - Over 500 of the researched companies are listed on the Sci-Tech Innovation Board or the Growth Enterprise Market, accounting for nearly 40% of the total [4]. - The core characteristics of the sectors being focused on are the stable cash flow from high dividend assets and the growth potential of high-tech assets, which are supported by government policies [4]. Group 4: Future Outlook - Insurance capital is expected to continue optimizing a "barbell" asset allocation strategy, balancing high dividend assets for stable returns with investments in technology innovation, green low-carbon initiatives, and health care sectors [5]. - The use of innovative tools such as long-term equity investments and REITs will be emphasized to enhance portfolio structure while strengthening ESG risk management [5]. - The industry is encouraged to maintain a long-term investment philosophy and actively seek sustainable investment opportunities [5].

Core Viewpoint - The Shanghai Municipal Government has launched a "Special Action Plan to Boost Consumption" aimed at transforming the economic development model and enhancing the role of consumption in economic growth [1] Group 1: Enhancing Consumer Capacity - The plan prioritizes enhancing consumer capacity by focusing on stabilizing employment, improving skills, and increasing income to stimulate consumer willingness [5] - An employment-first strategy will be implemented, including support plans for key sectors and small businesses, as well as one-time job expansion subsidies [5] - Skills training will be improved in key industries such as AI and elderly care, with policies to enhance vocational skills and support for high-skilled talent development [5] - Measures will be taken to promote reasonable income growth, including collective wage negotiations and improved wage distribution mechanisms [5] Group 2: Targeting Potential Consumption - The plan aims to improve the quality of consumption supply, focusing on service consumption, bulk consumption, and new consumption types [7] - In service consumption, initiatives include developing cultural consumption, supporting major performance events, and enhancing tourism and sports event economies [7] - For bulk consumption, policies will support trade-in programs for vehicles and appliances, as well as new subsidies for digital products [8] - New consumption will be fostered through the application of advanced technologies like AI and VR, and by catering to the elderly demographic with tailored services [8] Group 3: Strengthening Policy Coordination - The plan emphasizes the coordination of consumption policies with macroeconomic policies to ensure consistency and effectiveness [10] - A three-year action plan will be implemented to optimize the consumption environment, including improved consumer rights protection and efficient complaint handling mechanisms [10] - Statistical monitoring will be established for service consumption, silver economy, and new consumption models to support data-driven policy adjustments [10]

Core Insights - The long-term care insurance (LTCI) system aims to establish a nationwide coverage for long-term care, particularly addressing the needs of the 120 million rural elderly in China [1][2][3] - The LTCI pilot program has highlighted the significant gap in care services for rural elderly, exacerbated by funding challenges and insufficient service supply [1][2][3] - Experts suggest that the LTCI can stimulate the silver economy and lead to the emergence of branded, chain-based elderly care service companies similar to those in the UK [1][4][6] Group 1: Current Situation and Challenges - The aging population in rural areas is more severe than in urban areas, with 121 million individuals aged 60 and above, representing 23.81% of the rural population [2][3] - The proportion of empty-nest elderly individuals has surpassed 50%, with some rural areas exceeding 70%, highlighting the urgent need for care services [2][4] - The current LTCI pilot program is fragmented, with varying coverage and benefits across different regions, leading to inadequate support for rural residents [2][3] Group 2: Policy and Implementation - The government is encouraging the development of embedded and chain-type nursing institutions to enhance service accessibility in rural areas [1][5] - Local pilot programs have shown success in integrating long-term care services into existing healthcare facilities, such as transforming hospitals into care zones [5][6] - The LTCI system has expanded to cover 1.8 billion people, with over 800 billion yuan spent on benefits, creating approximately 300,000 jobs and attracting 60 billion yuan in social capital [7] Group 3: Future Prospects - The establishment of localized care service institutions is seen as a key strategy to improve accessibility and efficiency in rural long-term care [6][7] - The LTCI policy is expected to attract significant social capital investment into the nursing industry, potentially leading to the development of well-known brand chains in rural care services [6][7] - The effective implementation of LTCI will require a robust network of quality care institutions to ensure that the benefits translate into real services for the elderly [6][7]

Core Viewpoint - The Shanghai Municipal Government is implementing a special action plan to boost consumption by enhancing government investment in various sectors, including education, healthcare, and cultural tourism, while also supporting the issuance of REITs in eligible projects [1] Group 1: Government Support - The Shanghai government is increasing investment in projects related to education, healthcare, skills training, elderly care, and cultural tourism [1] - There is a specific focus on supporting the issuance of Real Estate Investment Trusts (REITs) for projects in the consumption, cultural tourism, and elderly care sectors [1]