Core Viewpoint - Harbin Electric Group Jiamusi Electric Machine Co., Ltd. (Jiamusi Electric) held an online performance briefing for the first half of 2025, discussing business strategies, market opportunities, and financial management with investors [1][2]. Business Layout and Development - The company has made technological preparations in response to updated national energy efficiency standards, leading to increased sales of high-efficiency motors such as YXKK, YJKK, YE5, and YBX3 [3]. - To address competitive pressures in the traditional motor business, the company optimized its technology, launching the YXKK2 series, which achieves low costs and high profits [3]. - The company has established a specialized design office and sales team for the hydropower sector, although no contracts have been signed yet [3]. New Business Opportunities and Product Promotion - The company has been polite in responding to inquiries about promoting hub motors for electric vehicles but has not seen market conversion over the years [3]. - The company is actively researching the liquid cooling market for data centers and increasing its technological reserves [3]. Market Management Initiatives - The company plans to complete a major asset restructuring by December 2023, acquiring controlling interest in a key pump company [3]. - In March 2025, the company intends to issue 1.01 billion shares at 10.92 yuan per share to raise 11 billion yuan [3]. - The company will implement an equity incentive plan and distribute cash dividends of no less than 30% of the annual distributable profits [3]. Market Expansion - The gross profit margin for foreign sales is 36.36%, significantly higher than domestic margins, prompting the company to focus on international market expansion [3]. - The company is monitoring national industry policies to guide its market strategies [3]. Technical Applications - The magnetic suspension bearings and drive control systems can be applied in the oil and chemical industries but are not suitable for robotics [3]. - The company has independently developed a mechanical arm patent, which is currently in the application stage for production use [3]. Operational Performance - The company's operating performance in the first half of the year declined year-on-year due to a downturn in the motor sector, but it plans to intensify market development efforts in the second half [3]. - The company expects a continuous net inflow of operating cash flow in the second half, supported by sufficient cash reserves to mitigate cash flow risks [3].

哈尔滨电气集团佳木斯电机股份有限公司 投资者关系活动记录表 公司会根据监管层要求及公司实际情况，定期举办年度业绩说明会及半年度业 绩说明会，会议召开前，公司将发出会议通知邀请投资者提问，感谢您对公司 的关注。 | 投资者关系活动类别 | □特定对象调研 | □分析师会议 | | --- | --- | --- | | | □媒体采访 | ☑ 业绩说明会 | | | □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） | | | | 单位：哈尔滨电气集团佳木斯电机股份有限公司 | | | 活动参与人员 | 人员：参与佳电股份 | 2025 年半年度业绩网上说明会的人 | | | 员 | | | 时间 | 2025 年 9 月 4 日 | 15:00-16:30 | | 地点 | | 网络："全景•路演天下"（http://rs.p5w.net) | | 形式 | 线上 | | | 交流内容及具体问答 | 详见附件。 | | | 记录 | | | | 关于本次活动是否涉 | | | | 及应披露重大信息的 | 否 | | | 说明 | | | | 活动过程中所使 ...