Group 1: Company Overview - Sichuan Meifeng Chemical Co., Ltd. has developed a diversified industrial structure over 40 years, focusing on six main sectors: fertilizers, environmental protection, energy, polymer materials, fine chemicals, and modern agriculture [2] - The total production capacity exceeds 2 million tons, meeting diverse market demands [2] Group 2: Revenue Composition - In 2024, the revenue composition of main products is as follows: - Urea: 7.05% - Compound Fertilizer: 19.53% - Automotive Urea: 19.47% - Natural Gas Supply: 19.77% - Melamine: 6.10% - Others: 28.08% [3] Group 3: Risk Management - The company faces market price fluctuations due to various factors, including macro policies and seasonal characteristics [3] - As of Q1 2025, the company has a cash reserve of 2.415 billion yuan, accounting for 75.47% of current assets, with a current ratio of 5.05 and a debt-to-asset ratio of 17.06% [3] Group 4: Market Value Management - The company has implemented a stable cash dividend policy, with cumulative cash dividends (including share buybacks) over the past three years amounting to 127.62% of average distributable profits [4] - In 2024, the cash dividend and share buyback total approximately 251 million yuan, representing 92.33% of the net profit attributable to shareholders [4] Group 5: Future Development Strategy - The company aims to enhance its core business and promote value creation, focusing on "value-led, value-creating, and value-enhancing" strategies [5] - The development strategy includes collaborative growth across six sectors: fertilizers, environmental protection, energy, polymer materials, fine chemicals, and modern agriculture [5]

Group 1: Stock Performance and Investor Returns - The company's stock price has been rising due to multiple market factors, with a significant increase in business performance across major sectors [3] - The company has completed a cash dividend distribution plan for 2024, amounting to approximately CNY 945 million, which represents about 40% of the total distributable profit for the year [3] - A total of CNY 2 billion in A-share buybacks has been executed, with an additional plan to repurchase H-shares not exceeding HKD 500 million [3] Group 2: Business Growth and Financial Performance - In Q1 2025, the company achieved a revenue growth of 11% year-on-year, reaching CNY 36 billion, driven by increased sales in containers, logistics services, and other sectors [5] - The gross profit margin improved by 1.92 percentage points to 12.10%, while net profit attributable to shareholders surged by 550% to CNY 544 million [5] - The container manufacturing segment benefited from a low base in 2024 and efficient order delivery, contributing to the overall revenue increase [5] Group 3: Industry Outlook and Demand - The container manufacturing industry is optimistic, with expectations of production not falling below 3 million TEU for the year, exceeding initial forecasts [7] - The company’s container orders are currently scheduled for production through Q3 2025, reflecting strong demand influenced by eased US-China tariffs [7] Group 4: Deep Sea Economic Development - The company is actively involved in deep-sea economic sectors, focusing on FPSO and FLNG equipment manufacturing, with significant orders extending to 2027 [8] - The company has developed advanced deep-sea drilling platforms, showcasing its technological capabilities and competitive edge in the global market [9] Group 5: Infrastructure Opportunities - The company is exploring opportunities in large-scale hydropower projects, leveraging its vehicle and modular construction capabilities for infrastructure development [11] - The modular construction business is positioned to support rapid deployment in remote and complex environments, enhancing project efficiency [11]

Group 1: Brokerage Business and Internet Development - The company's brokerage business market share for stock-based transactions is 2.75% of the total market, with continuous improvement in client account numbers and quality [2] - The company emphasizes both new and existing clients, particularly leveraging internet methods to enhance operational efficiency and transform offline outlets [2] - There will be increased investment in digital operations to meet diverse client needs [2] Group 2: Wealth Management Ecosystem - For individual clients, the company has established a professional investment advisory team and various wealth management service brands, enhancing product offerings and quality [2] - For institutional clients, the company provides customized comprehensive financial services, addressing their investment pain points through an integrated service platform [2] Group 3: Proprietary Investment Business - The company employs a major asset allocation strategy to manage investments, utilizing stocks, bonds, derivatives, convertible bonds, and funds to mitigate volatility and market risks [3] - The focus is on dividend investment, value growth investment, and discount protection investment strategies, with a strong emphasis on stable fixed-income investments [3] - The derivatives business is conducted with a focus on compliance and risk control, aiming for high-quality development [3] Group 4: Acquisition of Wanhe Securities - The acquisition of Wanhe Securities has been approved by the Shenzhen Stock Exchange's merger and reorganization review committee, pending completion of registration and other procedures [4] - Post-acquisition, the company aims to leverage Wanhe Securities' advantages in cross-border asset management within the Hainan Free Trade Port [4] Group 5: Investment Banking Development Strategy - The investment banking division focuses on core responsibilities, enhancing professional capabilities, and increasing the scale of equity financing projects [4] - There is a push for business innovation, particularly in mergers and acquisitions, Hong Kong stock business, and technology innovation bonds [4] - Long-term planning is emphasized to develop an industrial investment banking model and enhance service capabilities for technology enterprises [4]

Group 1: Business Performance and Growth - The data center market has shown strong growth, with significant order increases in the first half of 2025, marking a breakthrough after the automotive electronics market [4] - The automotive electronics sector has achieved comprehensive coverage of electric vehicle systems and is expanding into intelligent driving and smart cockpit applications [4] - The company has a compound annual growth rate (CAGR) of approximately 24% in sales revenue since its listing, indicating sustained business growth [6] Group 2: Product Development and Market Strategy - The company is actively investing in R&D to enhance product competitiveness, particularly in the AI application sector, which is driving demand for power management components [5] - New types of tantalum capacitors have been developed, with significant performance improvements, targeting applications in communications, consumer electronics, automotive electronics, and data centers [5] - The company aims to transition from a traditional "product provider" to a "value creator," enriching its product matrix and maintaining stable gross margin levels [7] Group 3: Financial Management and Cost Control - The company maintains controlled expenditure, with a focus on R&D investments to support long-term growth and efficiency improvements [6] - Despite seasonal fluctuations in overseas customer inventory due to geopolitical factors, the overall impact on business has been minimal, with overseas business exposure at only 20% [5] - The company plans to continue increasing R&D investment while controlling other expense ratios to enhance operational efficiency [6]

1 | | 出来，形成了专业化生产的独立行业。 | | --- | --- | | | 注： | | | 1.交流过程中公司严格遵照《上市公司信息披露管理办法》等规定， 未出现未公开重大信息泄露等情况； | | | 2.本次活动如涉及对行业的预测、公司发展战略规划等相关内容， 不能视作公司或管理层对行业、公司发展或业绩的承诺和保证，敬请广 | | | 大投资者注意投资风险。 | | 资料清单 | 无 | | 日期 | 2025 年 7 月 31 日 | 2 粤海永顺泰集团股份有限公司 投资者关系活动记录表 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他： 参与单位名称 及人员姓名 东方财富尹元彪、钟志坤、武雨晴 时间 2025 年 7 月 31 日上午 地点 广州经济技术开发区金华西街 1 号公司 6 楼会议室 上市公司接待 人员姓名 副总经理张楠、董事会秘书温敏、证券事务代表仝国明 投资者关系 活动记录 1.目前啤酒企业纷纷推出高端啤酒，高端化发展趋势显著，永顺泰 作为啤酒麦芽制造企业，是否会向高端化发展？ 答：从公开数据来看，啤酒行 ...

深圳市豪鹏科技股份有限公司 投资者关系活动记录表 编号：2025-008 | | 特定对象调研□分析师会议 | | --- | --- | | 投资者关系 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | 活动类别 | □现场参观□电话会议 | | | □其他（） | | 参与单位名称 | 君合泰达、深投控资本、定安资本、前海粤鸿、亚太汇金、 | | | 海南宽行、红杉中国、正圆投资、第一创业证券、华安证券、 | | | 西部证券、中泰证券等 家机构的 位投资者 21 27 | | 时间 | 年 月 2025 7 31 日（周四）15:00~18:00 | | 地点 | 公司潼湖产学研基地 | | | 董事长&总经理：潘党育 | | 上市公司接待 | 电芯研究院院长：胡博 | | 人员姓名 | 董事会秘书：陈萍 | | | 投资者关系：李方静 | | 投资者关系活动 | 投资者主要问题： | | | 1.在公司"AI+固态"核心能源解决方案商的战略升维背 | | | 景下，对盈利水平的提升有何预期？ | | | 答：新应用场景、技术升级和产品创新是核心的价值提 | | | 升驱动力，尤 ...

Financial Performance - The company achieved a revenue of 1.39 billion CNY in the first half of the year, representing a year-on-year growth of 30.45% [1] - The net profit attributable to shareholders reached 138 million CNY, with a year-on-year increase of 51.52% [1] - The adjusted net profit was 128 million CNY, reflecting a growth of 50.88% compared to the previous year [1] Segment Performance - The pharmaceutical segment saw significant growth, generating 860 million CNY in revenue, a 72.15% increase, accounting for 61.83% of total revenue [1] - The veterinary pharmaceutical segment reported improved sales and profit levels, with major products like the antibiotic premix showing substantial growth [2] Market Dynamics - The price of raw materials, such as corn, decreased by 11.90% compared to the previous year, contributing to lower production costs [2] - The U.S. pharmaceutical market has shown consistent growth, with increased sales of key products like the water-soluble antibiotic [2] - The domestic market for the antibiotic is expected to grow due to improved profitability in the pig farming sector and expanded sales channels [2] Product Development - The company has received approval for the antibiotic in targeted animals, particularly sheep, which is expected to contribute significantly to sales growth [3] - New products, including vaccines for various diseases, are anticipated to launch within the year, enhancing the product portfolio [2][3] Strategic Initiatives - The company is focusing on expanding its pet business, with 15 products currently available and more in the pipeline [2] - A new pet app, "Ai Pet Easy," is set to launch, incorporating AI features for enhanced user engagement and potential revenue generation [2][3] Challenges and Outlook - The solid waste landfill business experienced a temporary decline in revenue, but recovery is expected in the future [4] - The overall outlook for the pharmaceutical segment remains positive, with expectations of maintaining a relatively high gross margin [3]

4.公司产品毛利率情况如何？ 证券代码：003026 证券简称：中晶科技 浙江中晶科技股份有限公司投资者关系活动记录表 编号：2025-07-001 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他： | | 参与单位名称 及人员姓名 | 中邮证券 吴文吉 | | 时间 | 2025 年 7 月 31 日 | | 地点 | 公司会议室 | | 上市公司接待 | 副总经理/董事会秘书 李志萍 | | 人姓名 | 证券事务代表 叶荣 | | | 1.公司上半年订单情况如何? 预计 2025 年半年度归属于上市公司股东的净利润比上年同 期增长 137.06%—184.47%。公司目前订单稳定，同时将持续培 | | | 育战略客户、聚焦优质客户、挖掘潜力客户，加大市场开拓力 | | | 度，提高公司市场规模。 | | 投资者关系活 | 2.随着中晶新材料产品的投产上量，公司如何产能释放？ | | 动主要内容介 | 公司子公司中晶新材料产品当前处于增产上量和新客户 ...

编号：2025-008 | | 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 | | | 国泰海通证券非银金融高级分析师 吴浩东 公司副总裁、董事会秘书（代行总裁、财务负责人职责） | | | 周钟山 | | 活动参与人员 | 公司品牌与公共关系部负责人 莫莉 | | | 公司董事会办公室信息披露岗 龙静 | | 间 时 | 年 月 日 2025 7 31 10:00-11:30 | | 地 点 | 深圳市福田区金田路 2026 号能源大厦南塔楼公司 15 楼 1 号会议室 | | 式 形 | 现场 | | | 1.贵司近期发布了 年半年度业绩预告，具体是哪些因素推动公司 2025 | | | 整体业绩稳步提升？ | | | 答：2025 年以来，公司坚持"安全、领先、服务"的战略理念和 | | | 文化主旨，全力构建产业金融新生态，持续提升服务实体经济能力， | | | 向高质量发展迈出坚实步伐。2025 年上半年，公司积极把握市场机遇， | | 交流内容及具体 | ...

Group 1: Company Overview and Achievements - Changan Automobile has integrated its upstream and downstream supply chains, aiming to create a self-controlled industrial chain [1] - In 2014, Changan's self-owned brand vehicle sales surpassed 10 million, becoming the first Chinese brand to enter the "10 million club" [1] - By 2021, Changan was the first Chinese brand to exceed 20 million in production and sales, with expectations to surpass 30 million in 2025 [1] Group 2: Strategic Development Plans - Changan aims to enhance internal collaboration and external partnerships to build a globally competitive automotive group [1][2] - The company plans to achieve a global sales target of 1 million units by 2027 and 1.8 million units by 2030 for its new energy brand, Changan Qiyuan [2] - Changan will focus on low-carbon, intelligent, lightweight, and digital transformation, emphasizing innovation and international expansion [2] Group 3: Product Development and Market Strategy - Changan will develop a new electronic architecture and energy framework, targeting the creation of 3-5 globally competitive products with sales potential of 300,000 to 500,000 units each [3] - The company plans to launch several new models in the second half of 2025, including the Changan Q07 laser version and the new electric SUV B216 [5] - Changan's deep blue automotive brand aims for a 35% overseas sales share by 2030, with a commitment to releasing 30 new models by that year [4] Group 4: Financial Performance and Future Projections - In the first half of 2025, Changan achieved a total sales volume of 1.355 million vehicles, marking an 8-year high, with new energy vehicle sales reaching 452,000 units, a 49.1% increase year-on-year [4] - The company targets an overall sales goal of 5 million vehicles by 2030, with 4 million from the Changan brand and 3 million from new energy vehicles [6]