Group 1: General Information - The research object is Huali Technology, belonging to the special equipment industry, and the reception time was on October 14, 2025. The company's reception staff included the board secretary Huashun Yang and the securities affairs supervisor Linyong [17] - Participating research institutions include CITIC Securities, GF Securities, Guolian Fund, Golden Eagle Fund, etc [2] Group 2: Investor Questions and Company Responses - Regarding the potential impact of the US's proposed tariff increase on overseas sales, the company stated that its overseas sales mainly cover Asia, Europe, and the Americas, with a low proportion of revenue from the US market. The tariff increase is uncertain, and the company will focus on international situations, design diverse cross - border service solutions, and explore overseas market opportunities [22] - To extend the life cycle of anime trading cards, the company uses well - known IPs or national - trend cultures, updates game content regularly, and hosts events and competitions through self - operation [22] - The core player group of Pokémon Bright Star is relatively stable. During the product iteration period, the company held a gratitude event and invited players to experience the new product [22] - The company will increase the external release of Pokémon Bright Star according to market demand and explore the feasibility of multi - business channel placements [23] - The company's Three Kingdoms Fantasy Battle TCG card game, first unveiled at the Guangzhou Anime Game Festival in early October, is an attempt at the "amusement equipment + TCG card" model, enabling seamless online - offline integration and creating a new card sales model [24]

Core Insights - Guangzhou Huali Technology Co., Ltd. has attracted attention from multiple institutions, indicating growing interest in the company and its operations [1] Group 1: Investor Engagement - A specific investor engagement event took place on October 14, 2025, involving representatives from CITIC Securities, GF Securities, Guolian Fund, and Jinying Fund, who met with the company's board secretary and securities affairs supervisor [1] Group 2: Business Impact and Strategy - The company is closely monitoring the potential impact of the proposed U.S. tariff increases, noting that its revenue from the U.S. market is relatively low compared to overall sales. The company plans to adapt its cross-border service offerings and explore opportunities in other overseas markets [1] - The lifecycle of the company's anime card products is supported by well-known IPs and national cultural elements, with regular updates to game content and events to enhance player engagement and extend product longevity [1] Group 3: Product Development and Market Strategy - The "Pokémon: Shining Star" product has a stable core player base and the company is planning to increase its market presence based on demand, exploring new distribution channels such as shopping malls and toy stores [1] - The company introduced a new trading card game, "Three Kingdoms Fantasy Battle TCG," at the Guangzhou Animation and Game Festival, representing an innovative approach to combine gaming devices with trading card sales [1]