Group 1: Company Overview - The company specializes in the design, research and development, manufacturing, and sales of tank containers, being a global leader in liquid and liquefied gas container logistics equipment and lifecycle services [1] - In 2025, the company faced challenges due to uncertainties in U.S. trade policies and global geopolitical tensions, leading to a complex economic situation impacting the downstream chemical industry [2] Group 2: Market Performance - The tank container business maintained the top market share, with revenue of CNY 1,313.24 million in the first three quarters of 2025 [2] - The after-market services generated revenue of CNY 112.45 million, reflecting a year-on-year increase of 3.52% [4] - The medical equipment components business achieved revenue of CNY 181.44 million, up 5.92% year-on-year [5] Group 3: Product Offerings - The company offers a full range of tank containers, including standard stainless steel liquid tanks, special stainless steel liquid tanks, carbon steel gas tanks, and carbon steel powder tanks [2] - Standard stainless steel liquid tanks are designed for bulk chemical transportation, while special tanks are customized based on client needs [2] Group 4: Future Development Strategy - The company aims to diversify its business to ensure sustainable growth and enhance risk resistance, focusing on high-end equipment and intelligent manufacturing [6][7] - Plans include expanding into high-end medical equipment and smart equipment sectors, leveraging advanced technologies and market opportunities [6][7] Group 5: Dividend Policy - The company has established a shareholder dividend return plan for 2024-2026, committing to distribute at least 50% of the annual distributable profits as cash dividends [7] - In 2024, the company plans to distribute CNY 4.4 per 10 shares, totaling CNY 264 million [7]

证券代码：301559 证券简称：中集环科 中集安瑞环科技股份有限公司 投资者关系活动记录表 编号：2025-011 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 电话会议 活动参与人员 泓德基金 李昕阳 华泰证券 李倩倩 公司副总裁、首席财务官兼董事会秘书 张 毅 公司董事会办公室主任 王延民 时间 2025 年 12 月 4 日 10:00-10:30 地点 中集环科会议室 形式 □现场 □网上 ☑电话会议 交流内容及具体问 答记录 公司基本情况介绍： 公司主要从事罐式集装箱的设计研发、生产制造和销售，是全球 领先的液体、液化气体（常温）集装箱化物流装备制造企业和全生命 周期服务商，并衍生出医疗设备部件业务。 2025 年，受美国贸易政策不确定性以及全球地缘政治紧张等因 素影响，全球经济局势在多重因素交织下呈现出复杂态势，公司下游 化工行业承压，罐式集装箱市场需求下降，市场竞争加剧。公司面对 复杂竞争局面，坚持高质量发展主线，罐式集装箱业务市场份额稳居 首位，医疗设备部件业务保持增长态势，后市场业务服务能力不断提 升。 问题 1 ...

Group 1: Tank Container Business - The tank container business maintained resilience in H1 2025, with revenue of CNY 924.25 million, holding the top market share [1] - The current tank container business is considered to be at a historical low, presenting a market restructuring opportunity [1] - The company is enhancing its manufacturing capacity and order delivery speed while actively expanding its acquisition team to explore high-end equipment and emerging fields [1] Group 2: Profit Margin and Market Conditions - The change in gross profit margin for tank container products in H1 2025 was primarily due to pressure in the chemical industry, intensified market competition, and declining market demand [2] Group 3: Competitive Advantages - The company possesses scale, brand, scope, and synergy advantages, enabling timely equipment investment, product upgrades, and cost control [2] - With over 20 years of high-quality development, the company has established a robust supply chain and cultivated the domestic application market for tank containers [2] - The company offers a comprehensive one-stop solution for the entire lifecycle of tank containers, with a diverse product line including standard, special, gas, and powder tank containers in various sizes [2] Group 4: Medical Equipment Business - The high-end medical imaging equipment component business has seen continuous growth, with a 12.88% increase in 2024 and a 16.12% increase in H1 2025 [3] Group 5: Aftermarket Business - The aftermarket business, which includes cleaning, maintenance, refurbishment, and parts sales for tank containers, generated revenue of CNY 74.92 million in H1 2025, a 0.95% year-on-year increase [3] Group 6: Future Development Directions - The company aims to achieve sustainable growth and enhance risk resistance through diversification, focusing on high-end equipment and related fields [4] - Plans include expanding high-end medical equipment business and intelligent equipment capabilities, responding to national policies through mergers and investments [5] - The goal is to transition from a global leader in tank containers to a core technology platform for high-end equipment within three to five years [5]

Company Overview - The company specializes in the design, research and development, manufacturing, and sales of tank containers, positioning itself as a global leader in liquid and liquefied gas logistics equipment manufacturing [1][2]. Financial Performance - In the first half of 2025, the company reported total revenue of CNY 1.214 billion, with a net profit attributable to shareholders of CNY 62.6012 million, and a net cash flow from operating activities of CNY 227 million [2]. - Revenue breakdown by business: - Tank container business: CNY 924.2463 million, a year-on-year decrease of 17.57% [2]. - Medical equipment components: CNY 119.1561 million, a year-on-year increase of 16.12% [2]. - Aftermarket services: CNY 74.9220 million, a year-on-year increase of 0.95% [2]. Medical Business Performance - The medical equipment components business has shown consistent growth, with a year-on-year increase of 12.88% in 2024 and 16.12% in the first half of 2025 [3]. Order Situation - In the first half of 2025, the company signed new orders totaling CNY 1.079 billion, with a backlog of CNY 840 million as of June 30, 2025 [4]. Market Outlook - The current market for tank containers is viewed as being at a historical low, presenting an opportunity for market restructuring. The company believes it has the capability to navigate this phase [4]. Strategic Partnerships - The company has established itself as a strategic partner with Siemens in the high-end medical imaging equipment sector, enhancing its recognition and collaboration opportunities [5]. Future Growth Strategies - The company aims to diversify its business to ensure sustainable growth and enhance risk resilience, focusing on high-end equipment and intelligent manufacturing [6]. - Plans include expanding into high-end medical equipment and smart equipment sectors, leveraging advanced technologies and capabilities [6]. Conclusion - The company is committed to high-quality development, enhancing core competitiveness, and driving product upgrades towards green and intelligent solutions, thereby solidifying its position as an industry leader [2].