Group 1: Business Performance and Strategy - The company has maintained stable operations and is focused on improving operational efficiency and optimizing product structure [1] - Future business adjustments, including potential mergers and acquisitions, will be conducted in compliance with regulatory requirements [1] - The company is committed to enhancing core technology research and developing innovative AI+ applications to strengthen future business resilience [1] Group 2: Shareholder Concerns and Returns - Shareholder reductions are based on individual financial arrangements, and the company emphasizes a long-term development philosophy [2] - The company has consistently prioritized shareholder returns, with cumulative cash dividends amounting to approximately 19,884.32 thousand yuan, representing 53.18% of net profit from 2022 to 2024 [2] - A share repurchase plan was implemented in 2024, with 157.85 thousand shares repurchased for about 1,504.45 thousand yuan, accounting for 27.23% of the net profit for that period [2]

Group 1: Company Overview - The company is Shenzhen Huayang International Engineering Design Co., Ltd., with stock code 002949 and bond code 128125 [1] - The company is actively engaged in investor relations activities, including participation in the 2025 Shenzhen online collective reception day [2] Group 2: Artificial Intelligence Progress - The company is advancing its digital transformation by leveraging artificial intelligence (AI) in architectural design and engineering cost consulting [2] - It has become a certified partner of Baidu PaddlePaddle, enhancing AI application scenarios in smart building development [2] Group 3: Investment Strategy - The company is exploring investment opportunities in hard technology sectors while ensuring stable growth in its core business [2] - The investment in Shenzhen Zhongtou Xinyao No. 1 Technology Investment Partnership aims to secure long-term returns and facilitate business upgrades [2] Group 4: Financial Performance - In the first three quarters, the company experienced revenue growth primarily from its digital culture business, although profits declined due to significant initial investments [2] - The company has approximately 400 million in convertible bonds maturing by June 2026, with sufficient cash reserves to manage redemption [3] Group 5: Business Transformation Plans - The company is considering business transformation opportunities in new productivity and hard technology sectors while maintaining financial health [3]

Group 1: Company Performance - The company achieved a revenue of 294 million yuan from January to September 2025, representing a year-on-year growth of 11.97% [2][3] - The overall business performance has shown steady growth, primarily due to market expansion in core business areas [3] Group 2: Innovation and Product Development - The company adheres to an innovation-driven development strategy, focusing on research and development in intelligent solutions and green technology [3] - Continuous technological iteration and product upgrades are expected to build long-term market competitiveness and open new growth opportunities [3] Group 3: Acquisition Progress - The acquisition of Silin Technology is progressing normally, with specific details and expected completion time to be disclosed in accordance with regulatory requirements [3]

Group 1: Market Analysis and Trends - As of December 2024, the number of online live streaming users in China reached 833 million, a year-on-year increase of 17.37 million, accounting for 75.2% of the total internet users, up 0.5 percentage points from the previous year [2] - E-commerce live streaming is leading the sector, driving the number of professional streamers to grow 1.5 times year-on-year to 38.8 million [2] Group 2: Company Strategy and Development - The company has established a long-term strategy of "AI + Video" for the new three-year development plan (2025-2027), focusing on AI technology research and video product innovation [4] - The company aims to become a globally recognized provider of intelligent video solutions, enhancing product competitiveness and optimizing talent structure [4] Group 3: Financial Performance and Orders - As of September 30, 2025, the company had a total of approximately 550 million yuan in hand orders and bid amounts, with orders being executed as planned [5] - In the film sector, new signed orders amounted to approximately 272 million yuan, a year-on-year increase of 132.74% [7] - In the advertising sector, new signed orders reached approximately 119 million yuan, a year-on-year increase of 360.66% [7] Group 4: Competitive Advantages - The company has a strong focus on technological innovation, with 929 valid patents and software copyrights as of June 30, 2025, including 192 invention patents [8] - The company has successfully applied its solutions in over 70% of the world's busiest international airports and more than 4,000 communication operator outlets [9] - The brand "AOTO" has been recognized for its outstanding performance in the LED film screen sector, being selected as a "Single Champion Enterprise" in Shenzhen's manufacturing industry [9]

Group 1: Robot Business Overview - The company introduced its robot business strategy focusing on "1+N+X" layout for intelligent automotive robotics, collaborating with leading partners to develop humanoid robots and core technologies [1] - The humanoid robot named "Xiao An" stands 169 cm tall, weighs 69 kg, has a speed of 0.8 m/s, features 40 degrees of freedom, and a battery life exceeding 2 hours [2] - The company plans to release prototype models of humanoid robots starting next year, with continuous iterations [1] Group 2: Recent Product Launches - The Changan Qiyuan A06, launched on November 9, features advanced driving assistance and a spacious design, achieving over 10,000 pre-orders within 24 hours [2] - The Qiyuan Q05, set to debut on November 21, boasts a range of 506 km and includes cutting-edge features like laser radar and a new generation 4nm chip [2] - The Deep Blue L06, released on November 18, received over 20,000 orders in the first hour, featuring a 3nm automotive-grade chip and magnetic suspension technology [2] Group 3: Emerging Fields and Collaborations - The company aims to launch its first manned flying car by 2026 and achieve mass production by 2028, targeting applications in low-altitude tourism, road rescue, and energy operations [2] - In the unmanned commercial sector, the company is exploring autonomous cleaning vehicles, agricultural machinery, and exoskeletons, while also entering the unmanned logistics market [3] - A strategic partnership with JD Logistics was signed in October 2025 to develop smart logistics vehicles, enhancing operational efficiency and promoting industry standards [3]

Group 1: Financial Performance and Growth - The automotive industry experienced a revenue growth of 28.36% in the first three quarters of 2025, with the company achieving significant breakthroughs in technical certification and project implementation [2] - As of September 30, 2025, the company had 46,393 shareholders, indicating a stable investor base [4] Group 2: Technological Advancements - The company has developed an integrated solution covering automotive cockpit research and development, full-domain testing, and vehicle road testing, achieving the highest level of road vehicle functional safety certification (ISO 26262 ASIL-D) [2] - The company has established an artificial intelligence laboratory in collaboration with Harbin Institute of Technology and has developed various AI tools, including FarAIGPTCoder for intelligent programming and FarAIGPTBrain for data analysis [3] Group 3: International Expansion - The company has successfully established subsidiaries in Malaysia and Indonesia, and has made personnel arrangements in key markets such as Thailand and Vietnam, enhancing its international presence [4] - The company has signed significant clients in Singapore and achieved breakthroughs in digital banking projects in Southeast Asia, positioning international expansion as a key growth driver [4] Group 4: Shareholder Engagement and Returns - The company is committed to providing reasonable returns to investors while ensuring sustainable development, considering factors like future profit scale and cash flow for profit distribution plans [3] - The reduction in shareholding by certain employee stock platforms is aimed at meeting employees' financial needs while maintaining motivation and engagement [4] Group 5: Stock Buyback and Market Strategy - The company emphasizes strengthening its core competitiveness and creating value for investors, stating that it will fulfill information disclosure obligations for any significant matters [5]

Group 1: Strategic Investments and Collaborations - The company has made a strategic investment in Ningbo Yinqiu Technology Co., Ltd., focusing on the development, production, and sales of precision bearings [1] - The collaboration aims to enhance technological synergy and resource sharing, strengthening the company's competitiveness in the precision bearing sector [2] Group 2: Product Development and Market Focus - The company is actively advancing the mass production of robot components, including harmonic reducers and specialized bearings, with small-scale production already underway [2][3] - The primary sales markets are the aftermarket and original equipment manufacturer (OEM) sectors, with a focus on expanding into Europe, the U.S., Japan, and emerging markets [2] Group 3: Capacity Expansion and Future Plans - A new production line for harmonic reducers is expected to be operational by the end of 2024, aimed at meeting future market demand [3] - The company has established a dedicated robot components division in 2024, focusing on the research and production of robot parts [3]

证券代码：300867 证券简称：圣元环保 圣元环保股份有限公司投资者关系活动记录表 | | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活 | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 广发证券股份有限公司：陈龙、荣凌琪 | | 及人员姓名 | | | 时间 | 2025 年 11 月 20 日 | | 地点 | 南安垃圾焚烧发电厂； | | | 全资子公司南安市圣元环保电力有限公司会议室 | | 上市公司接待 | 1、董事会秘书 陈文钰 | | 人员姓名 | 2、证券事务代表 何玖玖 | | | 公司董事会秘书陈文钰首先向本次调研人员简要 | | | 介绍了公司主要业务布局、发展战略以及 年三季 2025 | | | 报相关情况。 | | 投资者关系活 | 调研人员就公司情况进行提问，董事会秘书就提问 | | 动主要内容介 绍 | 一一进行解答。本次调研交流主要内容如下： | | | 问 1：公司 2025 年三季报较去年同期增长超过 | | | 1 ...

Group 1: Financial Performance - The company achieved a net profit of 368.13 million yuan in the first three quarters, representing a year-on-year growth of 9.53% [2] - The production of electrical steel is expected to increase by over 10% in 2025 [4] Group 2: Product Development and Strategy - The company focuses on creating a competitive advantage through "manufacturing + service" and emphasizes technological innovation [2] - New products launched include oriented electrical steel for high-efficiency transformers and non-oriented high magnetic products for robotics and electric vehicles [4] Group 3: Automotive Steel Market - The company has improved the competitiveness and production of automotive steel, maintaining good profitability [5] - Recent product launches include zinc-aluminum-magnesium coated products and high-strength automotive steel, which have received positive responses from downstream users [5] Group 4: Capital Expenditure and Depreciation - Future investments will be controlled at half of depreciation and amortization, focusing on production line upgrades and energy-saving projects [8] - Depreciation is expected to stabilize and decline as some equipment has completed depreciation [8] Group 5: Carbon Emission Management - The steel industry will enter a carbon trading market, with a gradual tightening of quotas expected from 2027 [9] - The company is preparing for carbon reduction through various initiatives, including the construction of a new electric furnace and research on advanced carbon reduction technologies [10]

Group 1: Company Overview - Suzhou Anjie Technology Co., Ltd. is engaged in the production of precision components for consumer electronics, with a focus on smartphones, laptops, and all-in-one devices [2][3]. - The company maintains stable strategic partnerships with numerous core consumer electronics brands both domestically and internationally, ensuring steady growth in its consumer electronics business [3]. Group 2: Product Development and Innovation - Anjie Technology is actively exploring emerging technologies, including smart glasses, and is developing related products and technologies in response to customer needs [3]. - The company is expanding its capabilities in humanoid robotics and plans to accelerate business development and technical cooperation based on market demand [3]. Group 3: Market Opportunities - The company is focusing on the development of technologies related to foldable screens, recognizing it as a new growth point in the smart terminal market [3]. - Anjie Technology is enhancing its international product development and supply chain capabilities, with factories in Thailand and the USA already in operation, and a factory in Vietnam nearing production readiness [5]. Group 4: New Energy Vehicle Sector - Currently, the company provides precision components for electric vehicle battery modules, cooling systems, charging ports, and high-voltage connection components, while also entering the wireless charging system market for electric vehicles [6]. - Future plans include strengthening technological innovation and product upgrades in the new energy vehicle sector, aiming to expand market share and develop new domestic and international customers [6]. Group 5: Compliance and Disclosure - The company adhered to information disclosure regulations during the investor relations activity, ensuring no significant undisclosed information was leaked [7].