Group 1: Multi-in-One Technology Development - Multi-in-one technology includes two main types: integration within the power sector (e.g., vehicle power supply and EVCC) and integration between power and drive components (e.g., vehicle power supply and electronic control) [1] - This technology offers advantages in product size and cost, aligning with the trends of integration and intelligence in new energy vehicles [1] - The company plans to achieve mass production of integrated vehicle power supply products and motor controllers by 2025 through collaboration with OEMs [1] Group 2: High Voltage Product Sales and Value Enhancement - Currently, 400V voltage platform products dominate the company's mass production projects, while some 800V vehicle power supply systems have also been mass-produced [1] - 800V products typically have a higher unit value, influenced by project technical requirements and production processes [1] - The promotion speed of high voltage platform products is linked to technological maturity and the development of fast-charging infrastructure, with expectations for an increasing share of high voltage products in the future [1] Group 3: Gross Margin Fluctuations - The company's overall gross margin remained stable in 2024, with quarterly fluctuations attributed to customer reductions, supply chain cost reductions, and the timing of technical cost reduction measures [2] - Future strategies include optimizing technology and innovation, building platforms to effectively lower raw material and production costs, and enhancing supply chain management to improve profitability [2] Group 4: Customer Penetration and Business Expansion - The company has strengthened relationships with existing customers and established projects with several automotive clients, including XPeng Motors and Xiaomi Motors, with mass production already achieved for some projects [2] - Projects with Changan Automobile and Leap Motor are expected to reach mass production by 2025, contributing to sustained growth in domestic business [2] - Non-automotive business development is progressing cautiously, with a focus on evaluating market maturity and company advantages before making investments [2]

Market Overview - The global market for energetic nitrocellulose has seen an increase in demand, with international manufacturers focusing on restoring or building new production capacities to meet current needs and product reserves [2][4]. - The international market demand for nitrocellulose remains stable, with the company aiming to optimize product structure and expand high-value customer bases [4][8]. Pricing Mechanisms - The pricing mechanism for specialized nitrocellulose products is based on equipment, while civilian nitrocellulose products follow a flexible "one customer, one policy" approach [3][8]. - The company is implementing precise pricing strategies in the high-end ink market to adapt to international market changes [4][8]. Production Capacity and Utilization - The production capacity utilization rate for nitrocellulose products was approximately 85% in 2024, with ongoing assessments of market demand to determine future capacity needs [4][5]. - The company has decided to shut down the production line in Xi'an due to safety, cost, and development space considerations [10]. Financial Performance - In Q1 2025, the company's revenue increased by 146.9 million yuan, a growth rate of 49.50%, primarily driven by higher sales of nitrocellulose and defense products [5]. - The company's R&D expenses for 2024 amounted to 115.55 million yuan, an increase of 32.45 million yuan year-on-year, focusing on key areas such as process upgrades and new product development [6]. Challenges and Future Outlook - The company's revenue for 2024 was 1.947 billion yuan, a decrease of 9.83% compared to the previous year, attributed to equipment orders and refunds in the defense and environmental sectors [7]. - The defense and environmental industry is expected to see growth in 2025 as domestic economic conditions improve, with increased demand for activated carbon and catalysts [6][9]. Strategic Initiatives - The company is committed to focusing on its core business while balancing internal and external development, with plans to upgrade existing production lines and prepare for future growth [12]. - The actual controller of the company is optimistic about the Chinese capital market and has established a leadership group for market value management to support high-quality development [12].

Group 1: Company Strategy and Performance - The company aims to maintain competitiveness by implementing strategies that align with national policies, focusing on "serving the real economy, wealth management, and major strategic initiatives in Hubei" [1] - The annual profit distribution plan includes a cash dividend of 1.50 CNY per 10 shares, approved by the board and shareholders [1] - The company reported a net asset value of 7.09 CNY at the end of 2024 and 7.26 CNY at the end of March 2025 [3] Group 2: Risk Management and Governance - The company emphasizes effective risk management and internal controls as essential for stable operations, establishing a comprehensive risk management system [3] - The governance structure promotes a separation of powers among the shareholders, board, supervisors, and management, ensuring transparency and accountability [2] - The company has received an "A" rating for 14 consecutive years in the Shenzhen Stock Exchange's annual information disclosure assessment [2] Group 3: Market and Regulatory Environment - The company is adapting to the "Action Plan for Promoting High-Quality Development of Public Funds," which aims to enhance the research business and income models [5] - The company plans to leverage policy opportunities to expand its mergers and acquisitions business, enhancing its industry integration capabilities [6] - The company is currently undergoing a major shareholder change, with the application accepted by the China Securities Regulatory Commission [8] Group 4: Shareholder Value and Communication - The company has maintained a stable cash dividend policy for 17 consecutive years, with a high dividend payout ratio among listed brokers [6] - The company is committed to improving information disclosure quality and investor relations management to enhance shareholder value [6] - The company acknowledges that stock price fluctuations are influenced by various external factors and emphasizes the importance of investment risk awareness [6]

一、 投资者关系活动类别 证券代码：872374 证券简称：云里物里 公告编号：2025-041 深圳云里物里科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 21 日 活动地点：公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 用网络方式举行。 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：公司董事长庄严先生；公司董事、董事会秘书席洋先生； 公司财务负责人姚素琴女士；公司保荐代表人李志文先生。 三、 投资者关系活动主要内容 本次业绩说明会通过播放年报讲解视频、图片展示等对公司发展情况及 2024 年经营业绩情况进行介绍，同时公司在业绩说明会上就投资者关心的问题 进行了回答，主要问题及回复情况如下： 问题 1：公司审议了使用部 ...

证券代码：872925 证券简称：锦好医疗 公告编号：2025-049 惠州市锦好医疗科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 参会单位及人员：通过网络方式参加 2024 年年度报告业绩说明会的投资者。 上市公司接待人员： 董事长：王敏先生； 董事、财务总监：彭月初先生； 董事会秘书：段皓龄先生； 保荐代表人：张亮先生。 三、 投资者关系活动主要内容 公司在本次业绩说明会上就投资者关心的问题进行了回答，主要的问题及回 答情况如下： 问题一：请问公司具备哪些资质认证，能否满足客户需求？ 活动时间：2025 年 5 月 20 日 活动地点： 公 司 通 过 网 络 远 程 的 方 式 在 中 证 网 " 中 证 路 演 中 心 " （https://www.cs.com.cn/roadshow/）举办 2024 ...

证券代码：430047 证券简称：诺思兰德 公告编号：2025-037 北京诺思兰德生物技术股份有限公司 投资者关系活动记录表 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 活动时间：2025 年 5 月 22 日 活动地点：北京市通州区靓丽五街 3 号院 7 号楼 汇恩兰德会议室 参会单位及人员：国盛证券、申万宏源证券、开源证券、中泰证券、中金公 司、中国银河证券、中邮证券、西南证券、首创证券、东吴证券、东北证券、招 商基金、金长川资本、北京青创伯乐投资、真科私募基金、北京量化投资、中承 东方资产、景策基金、风炎投资、北京昊青私募基金、明汯投资、北京钇沣资本 等机构（排名不分先后） 上市公司接待人员：董事长兼总经理：许松山先生；董事、副总经理：聂李 亚先生、韩成权先生；董事、财务总监兼董事会秘书：高洁女士 三、 投资者关系活动主要内容 本次调研活动 ...

证券代码：870976 证券简称：视声智能 公告编号：2025-049 广州视声智能股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 20 日至 2025 年 5 月 21 日 活动地点：广州视声智能股份有限公司&全景网"投资者关系互动平台" （https://ir.p5w.net） □媒体采访 √现场参观 □新闻发布会 参会单位及人员：华银基金、广州兴鼎鳌投资产管理有限公司、青岛玖玺基 金管理有限公司、深圳前海登程资产管理有限公司、广东天贝合资产管理有限公 司、广东博众智能科技投资有限公司、广州长牛投资有限公司、广东花城荟私募 证券投资基金管理有限公司、红塔红土基金管理有限公司、新途资本资产管理有 限公司、广州天易达盈私募股权投资基金、国商科技有限公司、中国农业银行塘 头支行、广东万泽汇资产管理有限公司、广州私募基金协会以 ...

Product Planning - The company plans to launch 35 new smart vehicles over the next three years, including 10 models each from Changan Qiyuan and Deep Blue, and 7 models from Avita [1] - Changan Qiyuan will introduce small SUVs, medium SUVs, and mid-large MPVs; Deep Blue will offer compact sedans and large SUVs; Avita will focus on mid-large SUVs and sedans [1] Battery Technology Development - The company aims to complete the construction of 50GWh battery cell capacity by 2026, reaching a total capacity of 75GWh [1] - Solid-state battery validation is expected in 2026, with mass production targeted for 2027, achieving an energy density of 400Wh/kg [1] - The company is also developing a second-generation fuel cell system and enhancing high-pressure fast charging technology, with an 18% increase in power density for new electric drive systems [1] International Market Expansion - The company is committed to localizing production and brand operations in five major overseas regions, transitioning from "product export" to "brand and industry export" [2] - Southeast Asia is identified as a key market, with the Changan Rayong plant starting production in May 2025 and aiming for top 10 global brand sales by 2027 [2] - In Europe, the company plans to launch 6 new energy models by 2027 and complete marketing and service infrastructure by 2025 [2] - The company aims to enter the Brazilian market in 2025 and achieve top 10 global brand sales in Central and South America by 2026 [2] - In the Middle East and Africa, the focus is on fuel vehicles, with plans to establish channels for the Deep Blue brand by 2025 and achieve top 10 sales in the Middle East by 2026 [2] Sales Performance - The Avita 06, launched on April 19, received over 12,536 pre-orders within 48 hours, with nationwide deliveries starting on April 20 [3] - The Qiyuan Q07, launched on April 23, has surpassed 50,000 orders, with a strong focus on family-oriented features [3] - The Deep Blue S09 began global pre-sales on April 23, accumulating over 11,520 orders [3]