| | 订单充足，感谢您对公司的关注。 | | --- | --- | | 日期 | 2025-11-20 | 投资者关系活动记录表 编号：2025-002 | 投资者关 | □特定对象调研 分析师会议 □ | | --- | --- | | □ 系活动类 | 媒体采访 √业绩说明会 | | □ 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 | 投资者网上提问 | | 名称及人 | | | 员姓名 | | | 时间 | 年 月 日 下午 2025 11 20 (周四) 14:30~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 | | | 用网络远程的方式召开业绩说明会 | | | 1、董事长李晓华 | | | 2、董事、总经理朱明园 | | 上市公司 | 3、董事、副总经理杨海波 | | 接待人员 | 4、独立董事王东民 | | 姓名 | 5、独立董事刘阿苹 | | | 6、独立董事陈爱东 | | | 7、董事会秘书、财务总监唐晶莹 | | | 公司将会议中投资者所 ...

Group 1 - The company, Genesis (SZ 300083), held its 26th meeting of the 6th board of directors on October 24, 2025, discussing the revision of the "Selection System for Accounting Firms" [1] - For the first half of 2025, Genesis reported that high-end intelligent equipment accounted for 99.51% of its revenue, while other businesses contributed 0.49% [1] - As of the report, Genesis has a market capitalization of 16 billion yuan [1]

Core Viewpoint - The company, Jin Tai Yang, primarily engages in the research, development, production, and sales of polishing materials, high-end intelligent equipment, and precision structural components, with applications in various industries including integrated circuits, 3C consumer electronics, and automotive manufacturing [1] Group 1 - The company responded to an investor inquiry regarding the use of its products in Huawei and Apple smartphones, indicating that its products are widely used across multiple sectors [1] - Jin Tai Yang emphasized that specific information about its industry chain can be found in its periodic reports, highlighting the importance of official documentation for detailed insights [1]

Performance - In the first half of 2025, the company achieved revenue of 914 million yuan, a year-on-year decrease of 15.37%, while net profit attributable to shareholders was 158 million yuan, an increase of 9.31%. The net profit excluding non-recurring items was 138 million yuan, up by 8.48%. The gross margin was 25.09%, an increase of 1.06 percentage points year-on-year [1] - In Q2 2025, the company reported revenue of 474 million yuan, a year-on-year decrease of 19.85%, with net profit attributable to shareholders at 99 million yuan, an increase of 14.98%. The net profit excluding non-recurring items was 88 million yuan, up by 13.63%. The gross margin was 25.65%, an increase of 1.12 percentage points year-on-year [1] Segment Performance - In H1 2025, the revenue by segment showed that the electric tool accessories business generated 557 million yuan, a year-on-year decrease of 6.47%; the high-end intelligent equipment manufacturing business generated 70 million yuan, down by 17.26%; and the new energy sector generated 261 million yuan, a decrease of 28.86% [2] - Revenue by region in H1 2025 indicated that domestic business revenue was 547 million yuan, accounting for 59.78% of total revenue, while overseas business revenue was 368 million yuan, accounting for 40.22%, showing an increase in overseas business proportion [2] - The revenue from the Vietnam subsidiary grew by 139.07% year-on-year, with net profit increasing by 261.07%, indicating initial success in global expansion and contributing additional growth for the company [2] Investment Outlook - The company is projected to achieve revenues of 2.559 billion yuan, 2.900 billion yuan, and 3.216 billion yuan for the years 2025, 2026, and 2027 respectively. The net profits attributable to shareholders are expected to be 322 million yuan, 366 million yuan, and 400 million yuan for the same years, corresponding to price-to-earnings ratios of 18.7, 16.5, and 15.1 times [3]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency while ensuring that the normal progress of investment projects is not affected [2][9]. Fundraising Basic Situation - The company successfully issued 24,438,597 shares at a price of RMB 23.68 per share, raising a total of RMB 578,705,976.96, with a net amount of RMB 506,200,215.35 after deducting issuance costs [2][4]. Fund Usage and Idle Situation - The company is advancing its investment projects according to the fundraising plan, but some funds will be temporarily idle due to the construction progress [4][5]. - The company aims to manage these idle funds to improve efficiency without impacting ongoing projects [5][6]. Investment Overview - The purpose of cash management is to enhance the efficiency of raised funds while ensuring the safety of the funds and the normal implementation of investment projects [5][6]. - The maximum daily balance for cash management is set at RMB 180 million, allowing for rolling use within this limit [5][6]. Investment Method - The company will adhere to prudent investment principles, selecting low to medium-risk financial products with high liquidity and safety [6][7]. - The investment period is authorized for 12 months from the board's approval date, with the chairman responsible for specific decisions [6][7]. Impact on Daily Operations - The plan to use idle funds for cash management is designed to ensure that the normal progress of investment projects is maintained, thereby not harming shareholder interests [7][8]. - This strategy is expected to generate additional investment returns, enhancing overall shareholder value [8][9]. Review Procedures and Opinions - The board and supervisory committee have approved the proposal to use idle funds for cash management, confirming compliance with relevant regulations [8][9]. - The sponsor institution has no objections to the company's plan, affirming that it aligns with regulatory requirements and benefits both the company and its shareholders [9].

Core Viewpoint - The company Folei New Materials (605488) is set to unlock 982,800 restricted shares on August 28, representing 0.35% of its total share capital, following a recent trend of share unlocks over the past year [1][2]. Group 1: Share Unlock Details - A total of 772,000 shares have been unlocked in the past year, accounting for 0.28% of the total share capital [1]. - After the upcoming unlock, there will still be 1,878,800 restricted shares remaining, which is 0.67% of the total share capital [1]. - The breakdown of the unlocking involves various shareholders, including 189,000 shares from Kong Li Bang and 541,800 shares from middle management and core team members [2]. Group 2: Financial Performance - For the first half of 2025, the company reported a main revenue of 1.334 billion yuan, an increase of 15.4% year-on-year [3]. - The net profit attributable to shareholders decreased by 19.58% to 50.9348 million yuan, while the net profit excluding non-recurring items fell by 20.53% to 45.4288 million yuan [3]. - In Q2 2025, the company achieved a quarterly revenue of 731 million yuan, up 22.42% year-on-year, but the net profit attributable to shareholders dropped by 52.51% to 16.053 million yuan [3]. Group 3: Business Overview - Folei New Materials specializes in the research, development, production, and sales of industrial consumer products and high-end intelligent equipment, including advertising inkjet printing materials, label printing materials, electronic-grade functional materials, functional base film materials, and adhesive materials [3].

Group 1 - The stock price of Jintaiyang on August 27 was 23.01 yuan, down 1.62 yuan or 6.58% from the previous trading day [1] - During the day, there was a rapid rebound with a rise of over 2% within 5 minutes, reaching a high of 24.44 yuan [1] - The trading volume on that day was 127,936 hands, with a total transaction amount of 304 million yuan [1] Group 2 - In the first half of 2025, the company achieved an operating revenue of 270 million yuan, a year-on-year increase of 15.82% [1] - The net profit attributable to the parent company was 14.71 million yuan, a year-on-year decrease of 9.35% [1] - The net cash flow from operating activities was 65.22 million yuan, a year-on-year increase of 102.13% [1] Group 3 - On August 27, the net outflow of main funds for Jintaiyang was 7.26 million yuan, accounting for 0.27% of the circulating market value [1] - Over the past five days, the cumulative net outflow of main funds was 4.78 million yuan, accounting for 0.18% of the circulating market value [1]

Core Insights - The company reported a revenue of 914 million yuan for the first half of 2025, a decrease of 15.37% year-on-year, while net profit attributable to shareholders increased by 9.31% to 158 million yuan [1] - The company achieved a significant increase in net cash flow from operating activities, reaching 192 million yuan, up 86.38% year-on-year [1] Business Segments Summary Electric Tool Accessories - The electric tool accessories segment generated a revenue of 557 million yuan, with the company focusing on deepening partnerships with global brands such as TTI, Stanley, Bosch, and Makita [1] - The company is expanding its product lines to cover precision fixtures, electric tool switches, precision castings, powder metallurgy parts, and saw blades, while also venturing into home appliance parts, automotive components, and machine tool functional parts [1] - A strategic layout centered on Weihai, China, with bases in Vietnam and Mexico, is being implemented to enhance supply chain integration and reduce production costs [1] New Energy Business - The new energy segment achieved a revenue of 261 million yuan, with a focus on expanding product applications across various fields including electric tools, electric transportation, smart home appliances, and portable energy storage [2] - The company launched a portable mobile energy storage series with power specifications of 1000W and 2000W, supporting both grid and solar charging, catering to diverse outdoor and mobile power needs [2] - In the electric vehicle sector, the subsidiary Kunshan Swop Intelligent Equipment Co., Ltd. is adapting to market trends and enhancing its capabilities in research, production, and sales of battery swapping stations [2] High-end Intelligent Equipment - The high-end intelligent equipment segment reported a revenue of 70 million yuan, with a focus on smart, personalized, and high-end development in the automotive, construction machinery, and energy sectors [3] - The subsidiary Jinan Yiji has been upgrading its main models and has secured new orders worth 145 million yuan, a year-on-year increase of 19.86% [3] - The company provides comprehensive smart manufacturing solutions, covering automation in various industries, including system consulting, design, manufacturing, integration, and training [3]

Summary of Key Points Core Viewpoint - Shenzhen Xinyi Chang Technology Co., Ltd. has provided a special report on the status of its fundraising and actual usage for the first half of 2025, ensuring compliance with relevant regulations and confirming the accuracy of the information disclosed [1][2]. Fundraising Basic Situation - The company raised a total of RMB 499,947,888.00 through the issuance of 25,533,600 shares at a price of RMB 19.58 per share, with all funds received by April 23, 2021 [1]. - The net amount of funds raised after deducting issuance costs was RMB 442,261,300.00 [2]. Fund Usage and Balance - As of June 30, 2025, the actual usage of the raised funds was RMB 31,514,100.00, leaving a balance of RMB 25,606,300.00 [2]. - The total amount of funds utilized for projects reached RMB 424,643,300.00, with interest income netting RMB 1,074,900.00 [2]. Fund Management Situation - The company has implemented a dedicated account storage system for the management of raised funds, ensuring compliance with laws and regulations [2]. - As of June 30, 2025, the company maintained two dedicated fundraising accounts with a total balance of RMB 25,606,347.08 [2]. Actual Fund Usage Situation - The company did not use raised funds to replace pre-invested self-raised funds, nor did it temporarily supplement working capital with idle funds during the reporting period [4]. - There were no instances of using idle funds for cash management or returning excess funds to bank loans [4]. Changes in Fund Investment Projects - The company approved a delay in the project "Xinyi Chang High-end Intelligent Equipment Manufacturing Base Project" to May 2026, without changing the investment purpose or scale [4][5]. - Adjustments were made to the investment scale of the "Xinyi Chang Intelligent Equipment New Project," reducing the total investment from RMB 430,950,800.00 to RMB 249,516,100.00 [4][5]. Issues in Fund Usage and Disclosure - The company confirmed that it has complied with all relevant laws and regulations regarding the use and disclosure of raised funds, with no violations reported [4].

Core Viewpoint - The article discusses the recent developments regarding Zhongying Electronics, including its response to market rumors about potential mergers and its significant shareholder changes, indicating a shift in control structure towards state-owned enterprises [1][3]. Group 1: Company Developments - Zhongying Electronics responded to rumors about being a shell resource for Shanghai Micro Electronics, stating that it is not aware of the source of these rumors and will only consider IC design companies [1]. - In June, Zhongying Electronics announced that its original controlling shareholder, Weilang International Group, along with its concerted party WIN CHANNEL Ltd, plans to transfer a total of 14.20% of its shares to Shanghai Zhinen Industrial Electronics, which will result in Zhinen controlling 23.40% of the voting rights and becoming the largest shareholder [3]. - This transaction marks the first substantial change in the control structure of Zhongying Electronics since its establishment, indicating a new phase with local state-owned assets involved [3]. Group 2: Market Implications - Following the share transfer, the new state-owned major shareholder may facilitate Zhongying Electronics' product entry into state-controlled companies in Shanghai, as indicated by the company's response to investor inquiries [3].