东莞市凯格精机股份有限公司投资者关系活动记录表 编号：2025-008 | | 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 电话会议 ☑ | | | 南方基金、富国基金、中银基金、长城基金、鹏华基金、 博时基金、嘉实基金、金鹰基金、长盛基金、中加基金、 | | | 民生加银、平安基金、建信基金、国寿安保、华宝基金、 | | | 金信基金、兴银理财、长江资管、百嘉基金、阳光资产、 | | | 太平资产、香港惠理、杭银理财、犁得尔投资、煜德投资 | | 参与单位名称 | 、源峰基金、鑫元基金、合众资产、复星保德信、创金合 | | 及人员姓名 | 信、大朴资产、同泰基金、青骊投资、兴业证券、长江证 | | | 券、国泰海通、中金公司、国元证券、天风证券、华泰证 | | | 券、华安证券、上海证券、中信证券、上海证券、西部证 | | | 券、甬兴证券、方正证券、华福证券、国海证券、东莞证 | | | 券、广发证券、浙商证券等65位投资者 | | 时间 | 2025 ...

Key Points Summary Core Insights - The report highlights a selection of stocks for September 2025, including companies like 京沪高铁 (601816.SH) and 宁德时代 (300750.SZ) as potential investment opportunities [1] - The mechanical equipment sector, particularly 快克智能, shows robust growth with a 11.85% year-on-year revenue increase in H1 2025, driven by demand from the AI industry [2][4] - 云天化's revenue decreased by 21.88% in H1 2025, but the company is optimizing its business structure, particularly in the phosphate fertilizer segment, which has seen improved profitability [8][9] Mechanical Equipment Sector - 快克智能 reported H1 2025 revenue of 5.04 billion yuan, up 11.85% year-on-year, with a net profit of 1.33 billion yuan, also up 11.84% [2][4] - The company is benefiting from the high demand for welding and related equipment due to the AI industry's growth and has made breakthroughs in the semiconductor field [4][5] - The gross margin for 快克智能 in H1 2025 was 50.78%, reflecting strong profitability and effective cost control [5] Basic Chemicals Sector - 云天化's total revenue for H1 2025 was 249.92 billion yuan, down 21.88% year-on-year, with a net profit of 27.61 billion yuan, a decrease of 2.81% [8][9] - The company is focusing on optimizing its business structure, reducing low-margin soybean trading, which contributed to a significant revenue drop [9][11] - The phosphate fertilizer segment saw a revenue decline of 15.20% to 69.95 billion yuan, but the gross margin improved by 4.84 percentage points to 39.20% [9][10] Financial Performance - For 快克智能, the net profit margin in H1 2025 was 26.22%, indicating strong profitability [5] - 云天化's net profit margin improved to 12.17% in H1 2025, up 1.46 percentage points year-on-year, showcasing enhanced financial management [10][11] - The company plans to maintain a high dividend level, committing to distribute at least 45% of its distributable profits from 2024 to 2026 [11]