| | □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 年安徽上市公司投资者网上集体接待日） （2025 | | 日 期 | 2025 年 9 月 15 日 | | 活动参与人员 | 投资者网上提问 | | 地 点 | "全景路演"网站（ http://rs.p5w.net/） | | 形 式 | 网络远程 | | | 1、董事会秘书唐永亮 | | 接待人 | 2、财务总监吴旭 | | | 3、证券事务代表潘吉沣 | | | 投资者提出的问题及公司回复情况： | | | 1、请问在上海成立公司主要业务是什么？ | | | 回复：上海具有独特的区位优势，公司设立上海子公司致 | | | 力于打造研发创新前沿阵地，市场拓展的重要枢纽，扩张国际 | | | 业务的窗口以及产业投资的关键平台。谢谢！ | | 投资者关系活动 | 2、大股东奥瑞金对所持公司股票有新的信息？ | | 主要内容介绍 | 回复：若有需要披露的信息公司会及时公告。谢谢！ | | | 3、未来有 ...

Group 1: Event Overview - The investor relations activity conducted by Huangshan Yongxin Co., Ltd. attracted numerous institutions, including 50 participating organizations such as Yinhua Fund and China Universal Asset Management [2][3] - The event took place from August 26 to August 29, 2025, and included formats like conference calls, online meetings, and roadshows [2] Group 2: Business Performance Insights - The gross margin of the color printing business has decreased year-on-year due to product price reductions and changes in product structure, with significant differences in product structure across periods affecting comparability [3] - The company aims to establish its film business as a core segment, with plans for capital expenditures including a new functional film material project with an investment of 180 million yuan, and a multi-functional film project also costing 180 million yuan, expected to be operational by mid-next year [3] - The gross margin for the film business remained stable at 15% in the first half of this year, with expectations for improvement in the future as the company focuses on differentiated, high-value-added products [3] Group 3: Industry Trends - The industry is experiencing a slow consolidation trend driven by policy guidance favoring large enterprises, environmental regulations pressuring smaller firms, and increasing quality demands from downstream customers [3] - The company believes that the packaging industry concentration will rise as orders shift towards larger scale enterprises due to the integration of downstream consumer sectors [3]

Group 1: Financial Performance - The gross margin of the color printing business has decreased year-on-year due to product price reductions and changes in product structure [2] - The gross margin for the film business remained stable at 15% in the first half of the year, with expectations for improvement in the future [3] Group 2: Business Expansion and Investment - The company aims to develop its film business as a core operation, with significant investments planned, including a new functional film material project with a total investment of 2.2 billion [3] - Other investment projects include a 1.8 billion project for a multi-functional film and a 450 million project for pet food packaging [3] Group 3: Market Strategy and Competition - The company is expanding its overseas business through global supply chain integration and targeting markets in ASEAN, Japan, and Mexico, where gross margins are higher due to lower competition [3] - The industry is experiencing a slow consolidation trend driven by policy guidance, environmental regulations, and increasing quality demands from downstream customers [3] Group 4: Dividend Policy - The company's dividend policy remains stable, with plans to maintain a consistent level of dividends as long as it does not affect normal operations and development needs [3]