编号：20251208 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） 活动参与人员 亚联机械股份有限公司：张世骏、庄重 景顺长城基金管理有限公司：孟禾 上海申银万国证券研究所有限公司：郝子禹 时间 2025 年 12 月 8 日（周一）15:00~16:00 地点 网络会议 形式 口头问答 交流内容及具体问答 记录 1、国内板材设备格局较好的原因，公司和两家外资瓜分 市场，未来格局如何变化？公司的核心竞争优势是什么？ 答： 公司所在人造板机械行业内装备制造企业数量众多，市场 竞争充分，但具备整体解决方案能力的企业较少，集中度 高，具有较高的进入壁垒，且竞争格局较为稳定。国内和 国际市场主要由迪芬巴赫（含上海板机）、辛北尔康普和 亚联机械等企业占据。人造板装备市场竞争格局稳定的原 因主要如下： 一、人造板生产工艺复杂，对装备精密度要求高，其生产 线的研发制造需要融合板材生产工艺与装备制造技术，涵 盖机械设计、电气控制、液压伺服、运动控制、网络通讯、 数据库、控制算法和视觉识别等多个领域的技术集成，研 发难度大、 ...

Company Overview - Company is a supplier and service provider of overall solutions for engineered wood production equipment, focusing on the research, production, sales, and service of engineered wood production lines and supporting equipment [2][3] - Core products include continuous flat-press production lines for producing various types of engineered wood such as fiberboard and particleboard [2][7] - The company also develops equipment for new biomass materials and has successfully created production equipment for inorganic fiberboards and thermoplastic composite boards [2][11] Industry Development - The engineered wood machinery sector is a significant subfield of wood and bamboo processing machinery, encompassing all equipment needed for the production and surface decoration of engineered wood [5] - The industry has seen rapid development due to policy support and market demand, with domestic manufacturers increasingly replacing imported equipment and participating in international competition [9][10] - The market is characterized by high entry barriers and a concentrated competitive landscape, with major players including the company itself, which has a leading market share [10][11] Market Demand and Trends - Recent years have seen significant growth in demand for continuous flat-press production lines due to downstream capacity expansion and the elimination of outdated production capacity [7] - In 2024, six fiberboard production lines with an additional capacity of 820,000 cubic meters per year and 48 particleboard production lines with an additional capacity of 15.41 million cubic meters per year were established [7] - The international market, particularly in developing countries, is expected to grow as urbanization increases, leading to higher demand for engineered wood products [8] Financial Performance - For the fiscal year 2024, the company reported a net profit attributable to shareholders of 154.65 million yuan and an ending undistributed profit of 498.49 million yuan [30] - The proposed profit distribution plan includes a cash dividend of 6.2 yuan per 10 shares, totaling 54.09 million yuan, with no stock dividends or capital reserve transfers [30][31] Audit and Compliance - The company has proposed to reappoint Zhongxinghua Accounting Firm as its external auditor for the fiscal year 2025, following a thorough evaluation of the firm's qualifications and past performance [14][24] - The audit committee and supervisory board have both approved the reappointment, emphasizing the firm's capability to meet the company's audit requirements [24][25]