中密控股(300470) - 2025年9月17日投资者关系活动记录表

Group 1: Financial Performance - The net cash flow from operating activities in the first half of 2025 decreased significantly compared to the previous year due to several factors, including increased procurement costs for high-precision instruments due to international projects, a rise in employee numbers leading to higher cash payments to staff, and an 18.45% increase in revenue resulting in higher tax payments [2][3] Group 2: Dividend Policy - The company's dividend policy is formulated considering industry characteristics, development stage, profitability, and any significant capital expenditure plans, emphasizing the importance of investor returns when stable operations and sufficient cash flow are ensured [2][3] Group 3: Production Capacity and Expansion Plans - The company maintains a high order backlog and production capacity utilization, with previous expansion plans completed, and ongoing construction at the new office building and the day machine sealing plant [3] Group 4: Acquisition Strategy - The acquisition of KS GmbH is aimed at enhancing collaboration with the subsidiary Youtai Technology, expanding into the European market, and providing international merger experience to domestic employees [3]