编号：25-03 | | √特定对象调研 □分析师会议 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | □媒体采访 □业绩说明会 | | | | | | | | | | | 投资者关系活动 类别 | □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） | | | | | | | | | | | | 银河证券、 宝盈基金、华夏基金、交银施罗德、新华基金、 | | | | | | | | | | | | 西部利得、 IGWT Investment、上海五地私募基金管理有限公司、 | | | | | | | | | | | | 香港沪光国际投资管理公司、湖南八零后资产管理有限公司、 | | | | | | | | | | | | 深圳中天汇富基金管理有限公司、上海富善投资有限公司、深 圳市尚诚资产管理有限责任公司、太平资产管理有限公司、爱 | | | | | | | ...

编号：25-02 | | √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（请文字说明其他活动内容） | | 参与单位名称及 | 天弘基金管理有限公司 | | 人员姓名 | | | 时间 | 2025 年 5 月 14 日（星期三）上午 10:00-11:00 | | 地点 | 公司四楼会议室 | | 上市公司接待人 | | | 员姓名 | 卢宇凡、李小霞 | | | 1、问：目前公司在海外市场的布局情况如何？在泰国和埃及 | | | 建立生产基地的进展如何？ | | | 答：您好！感谢您的关注！ | | | 公司积极拓展海外市场，并投入泰国和埃及两大生产基地，泰 | | | 国工厂一期已于 2024 年 4 月正式投产，二期则在今年 4 月顺 | | | 利进入试产阶段。公司于 2025 年 4 月 24 日召开的董事会五届 | | | 二十次会议审议通过了《关于再次向泰国生产基地增加投资额 | | | 度暨泰国子公司增资的议案》，为满足泰国生产基地客户订单 ...

21世纪经济报道记者 翁榕涛 实习生 张欣 广州报道 5月8日，广东万和新电气股份有限公司（下称"万和电气"，002543.SZ）在线上召开2024年业绩说明 会。 对等关税政策是投资者关心的热门话题，2024年万和电气在海外市场的营收取得较大增幅，有投资者提 问关税政策可能带来的不利影响。 财报显示，境外市场销售的增幅大幅超过国内市场销售。期内出口销售营收为26.63亿元，同比增长 41.43%；而国内销售为45.34亿元，同比增长10.23%。出口销售占总营收比重从23年的30.85%提升到 36.27%， 值得注意的是，从2024年再到2025年一季度，尽管营收和净利润都在持续增加，但是公司经营性现金流 净额却在同比减少。 "公司出口主要销往欧美和东南亚国家，公司向美国地区出口的产品主要包括燃气烤炉、烟熏机及脱水 类产品，与主要客户以FOB（离岸价）贸易模式进行交易，关税成本由客户承担。尽管当前关税政策仍 存在高度不确定性，但对公司的影响尚在可控范围内。"万和电气总裁赖育文在业绩说明会上表示。 据万和电气年报显示，2024年，公司全年实现营业收入73.42亿元，同比增长20.29%；归母净利润6.58 ...

Core Viewpoint - The company, Vanward Electric, is a leading player in the domestic water heater and kitchen appliance market, reporting a significant increase in export sales revenue for 2024, despite uncertainties in tariff policies [1][2]. Group 1: Export Performance and Strategy - In 2024, Vanward Electric's export sales revenue reached 2.663 billion yuan, marking a 41.43% increase compared to the previous year [1]. - The company exports primarily to Europe, America, and Southeast Asia, with products including gas ovens, smokers, and dehydrators, using an FOB trade model where customers bear tariff costs [1]. - To address potential challenges from tariffs, the company has implemented key measures such as enhancing customer communication, improving internal efficiency, and diversifying markets [1][2]. Group 2: Overseas Factory Development - Vanward Electric is accelerating efficiency improvements at its factories in Thailand and Egypt, with the first phase of the Thailand factory having commenced production in April 2024, generating 105 million yuan in revenue [2]. - The company is also advancing the second phase of the Thailand factory and plans for further investment to expand capacity [2]. Group 3: Market Diversification and Product Development - The company is actively exploring emerging and mature markets to reduce reliance on any single region, focusing on the "Belt and Road" initiative to enhance global market presence [2]. - In 2023, Vanward Electric introduced a 121 industry development strategy to cultivate the air energy sector, aiming to upgrade its product structure from gas appliances to include both gas and renewable energy products [2][3]. - The company has initiated research and development in hydrogen technology for household gas appliances, becoming the first in China to obtain EU CE certification for hydrogen gas appliances [3]. Group 4: Financial Health and Dividend Policy - Vanward Electric maintains a healthy balance sheet and strong cash flow, providing a solid foundation for sustainable growth [3]. - The company has distributed approximately 3.14 billion yuan in cash dividends to shareholders and will evaluate its dividend policy cautiously in the future [3].