合康新能(300048) - 2025年度业绩说明会投资者关系活动记录表

Group 1: Business Performance - The gross margin of the company's main businesses is declining, primarily due to the impact of the 2025 photovoltaic new policy, which has adjusted project grid connection schedules and reduced on-grid electricity prices, compressing profit margins [2] - Revenue from overseas markets decreased in 2025, prompting the company to focus on Europe, Australia, Africa, and Latin America, utilizing integrated and split machine series products to meet differentiated demands [2] Group 2: Market Strategy - The company plans to enhance its core competitiveness and profitability to solidify its value foundation while optimizing information disclosure quality and improving communication with investors [2] - Future shareholder returns will be actively explored within the framework of regulatory requirements and operational realities [2]