投资者关系活动记录表 编号：2025-002 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称及 | 线上参与同星科技 年度网上业绩说明会的投资者 2024 | | 人员姓名 | | | 时间 | 年 月 日下午 2025 5 8 15:00-17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网 | | | 络远程的方式召开业绩说明会 | | 上市公司接待人 | 董事长：张良灿 | | | 独立董事：吕滨 | | | 副总经理、董事会秘书：梁路芳 | | 员姓名 | 财务总监：王丽萍 | | | 保荐代表人：李秋实 | | | 1、面对新能源汽车技术迭代迅速、市场竞争白热化的背景下， | | | 公司如何平衡技术研发投入与成本控制，保障产能布局与人才队伍建 | | | 设适配市场需求变化？ | | | 答：您好！在市场竞争激烈的背景下，公司将继续加大研发投入， | | 投资者关系活动 ...

Financial Data and Key Metrics Changes - The company reported sales of $5.2 billion with 2% organic sales growth, including about 2 points from price increases [15][16] - Adjusted EPS was $0.65, up 27% year over year, driven by strong productivity performance [17][18] - Free cash flow for the quarter was $420 million, stronger than expected, driven by higher net income and lower capital expenditures [18][19] Business Line Data and Key Metrics Changes - Climate Solutions Americas (CSA) segment had organic sales growth of 9%, with residential and commercial sales up around 20% each [19][20] - Climate Solutions Europe (CSE) saw organic sales down 7%, with mid-single-digit growth in commercial offset by a decline in residential light commercial [21] - Climate Solutions Asia, Middle East, and Africa (CS AME) experienced a 6% decline in organic sales, primarily due to weakness in residential China [23] - Transportation segment's organic sales were up 2%, driven by a 20% increase in container sales [24] Market Data and Key Metrics Changes - Total company backlog was up about 10% year over year and 15% sequentially [4] - Organic orders momentum continued, with high single-digit growth across most segments except CS AME, where orders were down [24] Company Strategy and Development Direction - The company is focused on driving sustained growth through differentiated products, aftermarket services, and systems [5][6] - A new partnership with Google was announced to enhance grid resilience and support smarter energy management [8] - The company is committed to mitigating tariff exposure through supply chain and productivity actions, with a balance of $300 million via price increases [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit organic sales growth for the full year, with adjusted EPS guidance increased to $3 to $3.1 [13][28] - The macroeconomic environment remains uncertain, but the company is focused on customer needs and investing in differentiation [13][28] Other Important Information - The company is on track to achieve over $200 million in cost synergies by the end of next year [10] - The new German coalition government supports heat pump subsidies and infrastructure investments, which is expected to boost demand [11] Q&A Session Summary Question: Confirmation of Q2 guidance and EPS expectations - Management confirmed expectations of mid-single-digit organic growth and sales of about $6 billion for Q2, with adjusted EPS growth close to 20% [30][31] Question: Insights on the Americas segment performance - The residential side is expected to see high single-digit to low double-digit growth, while light commercial is projected to decline by about 10% for the full year [38][40] Question: Clarification on tariffs and pricing impact - The company has effectively mitigated most tariff impacts, with $300 million remaining to be offset through pricing [35][114] Question: Update on Viasman and margin expectations - Management expects Viasman to remain flat for the year, with margin improvement anticipated in the low teens [55][59] Question: Dynamics of free cash flow in the quarter - Free cash flow was stronger than typical for Q1, driven by lower working capital use [104][105] Question: Service business growth and initiatives - The service business is expected to continue double-digit growth, with initiatives to harmonize operations globally [106][110]

Financial Data and Key Metrics Changes - The company reported sales of $5.2 billion with 2% organic sales growth, including about 2 points from price increases [16][17] - Adjusted EPS was $0.65, up 27% year over year, driven by strong productivity performance [18] - Free cash flow for the quarter was $420 million, stronger than expected due to higher net income and lower capital expenditures [18][19] Business Line Data and Key Metrics Changes - The Climate Solutions Americas (CSA) segment had organic sales growth of 9%, with residential and commercial sales up around 20% each [19][20] - The Climate Solutions Europe (CSE) segment saw organic sales down 7%, with mid single-digit growth in commercial offset by a 10% decline in residential light commercial [21] - The Climate Solutions Asia, Middle East, and Africa (CS AME) segment experienced a 6% decline in organic sales, primarily due to weakness in residential China [23] - The Commercial Systems Transportation (CST) segment had organic sales up 2%, driven by a 20% increase in container sales [24] Market Data and Key Metrics Changes - Total company backlog was up about 10% year over year and 15% sequentially [6] - Organic orders momentum continued with high single-digit growth across most segments, except for CS AME [25] - In the Americas, organic sales growth is expected to pick up in the second quarter, with mid-teens growth anticipated [33] Company Strategy and Development Direction - The company is focused on driving sustained growth through differentiated products, aftermarket services, and systems integration [7][8] - A new partnership with Google aims to enhance grid resilience and support smarter energy management [10] - The company is committed to mitigating tariff exposure through supply chain and productivity actions, with a focus on maintaining competitive pricing [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving mid-single-digit organic sales growth for the full year, with strong margin expansion and close to 20% adjusted EPS growth anticipated [28] - The macroeconomic environment remains uncertain, but the company is focused on customer needs and investing in differentiation [15][14] - Management noted that the new German coalition government supports climate goals, which is expected to drive demand for heat pumps [12] Other Important Information - The company repurchased $1.3 billion worth of shares in the quarter and plans to target $3 billion in share repurchases for 2025 [19] - Adjusted operating profit increased by 10% compared to last year, driven by strong productivity and pricing [17] Q&A Session Summary Question: Confirmation of Q2 guidance and EPS - Management confirmed expectations of mid-single-digit organic growth and approximately $6 billion in sales for Q2, with adjusted EPS growth close to 20% [30][31] Question: Insights on the Americas segment performance - Management indicated that residential sales in the Americas are expected to be strong, with a potential increase in guidance for the full year [40][41] Question: Clarification on tariffs and pricing impact - Management stated that they have effectively mitigated most tariff impacts, with $300 million remaining to be offset through pricing [35][119] Question: Update on Viasman and margin expectations - Management expects Viasman to remain flat for the year, with margin improvements anticipated as the business integrates [58][63] Question: Discussion on commercial HVAC business growth - Management highlighted strong growth in the commercial HVAC sector, particularly in data centers, and noted that capacity increases have allowed for more aggressive sales efforts [66][123] Question: Inquiry about inventory levels and pre-buy effects - Management acknowledged elevated inventory levels but indicated that movement has been strong, with careful monitoring of distributor inventory [99][127]

Core Insights - Midea Group's Q1 2025 financial report shows total revenue of 128.4 billion yuan, a year-on-year increase of 20.6%, and a net profit of 12.4 billion yuan, up 38.0% year-on-year, indicating strong internal competitive strength [3][4] - The company is focusing on a "global breakthrough" strategy, with overseas e-commerce sales growing over 50% year-on-year and overseas revenue accounting for over 40% of total revenue, exceeding 20 billion USD [3][4] - Midea's global expansion strategy includes enhancing local operations through R&D, manufacturing, and marketing, with a goal to establish a "second home market" [4][9] Financial Performance - Midea Group reported a total revenue of 128.4 billion yuan in Q1 2025, reflecting a 20.6% increase compared to the previous year [3] - The net profit for the same period was 12.4 billion yuan, marking a 38.0% year-on-year growth, with a net profit margin of 9.9%, up 1.4 percentage points [3] - Overseas revenue reached over 200 billion yuan, with a significant contribution from e-commerce channels [3][4] Global Expansion Strategy - Midea has accelerated its global expansion since 2024, focusing on various sectors including home appliances, building technology, healthcare, and energy [4][9] - The company is leveraging AI technology for localized e-commerce operations, enhancing market insights and user engagement [4][6] - Midea has established new subsidiaries in Saudi Arabia and Thailand to strengthen its market presence [6][9] Product and Market Development - Midea's overseas e-commerce sales have seen a growth of over 50% year-on-year, driven by a combination of self-developed e-commerce data systems and AI technology [4][6] - The company has successfully launched products tailored to local markets, such as the Toshiba XFS series refrigerators in Japan and various kitchen appliances in Vietnam [6][8] - Midea is also focusing on enhancing user service efficiency, achieving a 15% improvement in service response times [6] Brand Strategy - Midea is utilizing sports marketing to enhance brand recognition globally, becoming official sponsors of various sports events [8] - The company aims to promote Chinese manufacturing and innovation through its branding efforts [8] Innovation and R&D - Midea's global patent applications exceeded 150,000 by the end of 2024, with over 90,000 patents granted, supporting its high-quality international operations [13] - The company is committed to integrating technology, culture, and user needs to drive high-quality development [13]

电焊是明火作业，焊接过程产生的金属火花会四处飞溅，操作不慎极易引发火灾、爆炸等事故。4月30 日，江苏省应急管理厅公布4起违规电焊作业典型案例，提醒广大生产经营单位必须严格落实安全生产 主体责任，切实执行电焊等特种作业持证上岗、审批监管、现场防护等制度。 焊工独自焊接受伤，企业被罚1.8万元 2024年3月，南京江北新区应急管理局根据工伤联动线索反馈，得知辖区内某企业动火作业发生事故导 致人员受伤。 执法人员立即进行执法核查，发现该企业承包商南京埃沙制冷机电设备有限公司当天正在进行设备检维 修作业，焊工许某独自一人开展焊接动火作业，未按规定安排专门人员进行动火作业现场安全管理，动 火现场安全管控措施无人督促落实。 南京埃沙制冷机电设备有限公司上述行为违反了《安全生产法》第43条的规定，南京江北新区应急管理 局依据该法第101条第(三)项，对该公司作出罚款人民币1.8万元的行政处罚。 宝应县应急管理局依据《安全生产法》第97条第(七)项、第99条第(二)项，经分别裁量、合并处罚，对 该公司作出罚款人民币2.1万元的行政处罚。 2024年11月，淮安经开区安监局执法人员受淮安市应急管理局委托，对淮安市跃健钢结构有 ...

证券代码：301252 证券简称：同星科技 浙江同星科技股份有限公司 投资者关系活动记录表 编号：2025-001 | | ☑特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称及 | 中信证券 王涛 | | 人员姓名 | 野村资管 李行杰 | | 时间 2025 | 年 4 月 30 日上午 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书：梁路芳 | | 员姓名 | 证券事务代表：潘晨曦 | | | 1、公司 2025 年的工作重点和目标是什么？在客户拓展及新业 | | | 务开发上有哪些布局？ | | | 答：公司将积极围绕 2025 年度经营方针"降本增效 全员共担共 | | | 享，高效服务 获取市场机会，苦练内功 营造竞争优势"来制定工作 | | | 目标，推动公司稳步发展。同时，公司积极在海外市场进行布局，现 | | | 已在泰国设立公司，筹建海外生产基地，进一步加快全球化步伐，为 | | 投资者关系活动 | 公司可持续发展 ...

【环球网科技报道 记者 冯超男】"关于新投产的拖车冷藏机组，属于制冷领域配套设备范畴，产品名称LEGEND，作为冷王旗舰产品系列，专为超长款拖车 设计，聚焦长途运输及大体量货载场景客户的需求。"近日，特灵科技亚太区副总裁凌寒向环球网等一众媒体介绍公司新产品。 值得一提的是，作为全球温控系统领域的创新先锋，特灵科技旗下战略品牌冷王于今年4月初宣布，首条国产化拖车冷藏机组产线在苏州吴江智能新工厂正 式投产。该产线专为冷王亚太区自主研发的旗舰产品LEGEND系列打造。 新品具备三大特点 首单客户来自农业领域 基于对市场考量，冷王推出了LEGEND系列。新产品主要基于非常成熟的欧洲产品，结合国内市场对产品的要求研发而成，具备精准温控、高效节能和智能 运维三大特点。特别是精准温控方面，关键在于独立气流控制技术，能够使长达十几米的拖车车厢气流强劲稳定，保证车厢温度一致性。此外，独立控制系 统不会受到车辆其他发动机的影响，即使车辆停靠休息，冷藏机组也能独立工作，确保冷链运输的恒温完整性。 不仅如此，高效节能方面，特灵科技在LEGEND系列上首创了"三合一"电机技术，将多个部件集成化，减少了27%的零件数量。更少的零件简化了 ...

| | □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 及人员姓名 | 投资者 | | | 时间 | 2025 年 4 月 28 日 | | | 地点 | 中证路演中心 | | | 上市公司接 待人员姓名 | 董事长李增群先生，独立董事步延东先生，副总裁、 | 财务总监吴利利女士，董事会秘书孙秀欣先生 | | | 提问 | 活动期间谈论的主要内容如下： 问题内容 | 回答 | 回答内容 | | --- | --- | --- | --- | --- | | | 人 | | 嘉宾 | | | 投资者关系活动 主要内容介绍 | 清风 | 冰轮环境，这个卓越的上市公司是我 | 李增群 | 您好，冰轮有我，有您，有我们大家，为了美好的明天，齐心协力，共同 | | | | 们大家的。作为冰轮环境的职工，有 | | | | | | 股权激励带来的股票，冰轮环境的投 | | | | | | 资人，也坚定的选择投资冰环境。通 | | | ...

自80年代冷柜进入中国家庭以来，经历了持续的技术迭代创新。澳柯玛摸索将应用于商用冷柜、医用冷柜的低温速冻、 精准温控等技术应用于家用制冷产品，取得全新突破。2016年，澳柯玛推出-40℃低温冷柜，通过快速低温冷冻，可使 食材细胞快速通过"最大冰晶生成带"。2020年，澳柯玛又推出家用-60℃低温冷柜，采用-60℃细胞级养鲜技术。2023 年，澳柯玛再次推出-70℃低温冷柜。 澳柯玛低温冷柜的诞生，解决了家庭、高档餐厅、料理店等对三文鱼、金枪鱼等高端食材保鲜需求，也让普通食材的保 鲜进入一个超低温原鲜存储的新时代。 二十五年前，当一台澳柯玛冷柜踏入陕西古城刘大爷的家门，它就成了家里的一员，见证着家庭生活的变迁，默默为家 人守护着每一份新鲜食材。最让刘大爷欣慰的是，这台冷柜自从买来以后，始终稳定运行都没出过故障，冷藏冷冻效果 都非常好，静音还省电。 一台陪伴家庭变迁的澳柯玛冷柜，不仅给家人带了更多美好回忆，也慢慢的成为了家庭的一员，承载着亲情、友情和爱 情的沉淀。 自去年国家推出以旧换新政策以来，看着家里的这台老伙计，刘大爷心中萌生了换一台新冷柜的念头。从售后服务中心 得知此事后，澳柯玛陕西工作人员第一时间与刘大 ...

"这台制冷机使用的氦气压缩机、氦气体轴承透平膨胀机、低温换热器、超大型高真空绝热冷箱等核心 部件，全部由我国自主研发。其中，超大型高真空绝热冷箱总长约28米、直径超4米、重达180吨；氦气 体轴承透平膨胀机在重载高功率的情况下转速高达10万至15万转每分钟。"中国科学院理化技术研究所 研究员刘立强说，这是我国在超大型氦低温制冷机研制方面取得的重要突破，该装备已经在安徽合肥开 幕的第三届中国（安徽）科技创新成果转化交易会上首发首展。 （文章来源：科技日报） 记者27日从中国科学院理化技术研究所获悉，该所与中山先进低温技术研究院等单位的科研人员成功研 制出国内首台万瓦级氦制冷机。该制冷机是我国科学家研制成功的首台超大型氦低温制冷机，液化模式 下氦气液化率达3370升每小时，将应用于国家重大科技基础设施加速器驱动嬗变研究装置，为处理核废 料提供低温环境。 液氦温区制冷技术不仅能为基础科学研究、医疗设备研发、稀有气体分离等提供关键技术支持，还能为 解决大规模清洁能源的储运挑战性问题提供液氢技术方案，促进新能源产业可持续发展。万瓦级氦制冷 机是指液氦温度（即零下269摄氏度）下制冷量达10000瓦以上的超大型低温制冷机 ...