Group 1: Company Orders and Financials - In 2025, the company secured new orders totaling approximately 3.554 billion CNY, with around 90% from the lithium battery sector and about 10% from non-lithium sectors [1] - Within the lithium battery segment, approximately two-thirds of the new orders were for slurry business, while one-third was for material business [1] Group 2: Equipment and Technology Development - The company’s mixed homogenization integrated machine is currently being tested by major domestic battery clients, with positive feedback on its process adaptability [2] - The recently launched CVD fluidized bed equipment is a core device for silicon-carbon anode materials, featuring automated functions that enhance production efficiency and reduce energy consumption [3] - The CVD fluidized bed offers advantages over competitors, including refined design to address industry pain points, extensive project experience, and strong relationships with leading material clients for continuous equipment optimization [4] Group 3: Joint Ventures and Research Directions - The company has established a joint venture with Shanghai Yili Technology, focusing on the development of equipment and production lines for solid-state battery electrolyte materials [5] - The development direction for sulfide electrolyte equipment includes core equipment for powder processing and automation of production lines, emphasizing safety and corrosion resistance due to the toxic nature of sulfide materials [5]

Group 1: Investor Relations Activity - The investor relations activity included a meeting with analysts and representatives from various financial institutions [2][3] - Key participants included analysts from New Fortune Magazine, Shenwan Hongyuan Securities, and several private equity funds [2][3] Group 2: Company Overview and Product Insights - The company is focused on PVP series products, which experienced price increases due to the European energy crisis and the Russia-Ukraine conflict, but is expected to stabilize in 2026 [3][4] - In 2025, the company sold approximately 4,000 tons of PVP products in the new energy sector, with a projected 20% increase in 2026 [4] - The company also sold about 200 tons of PVP products in the photovoltaic industry in 2025, with expected growth in 2026 [4] Group 3: Product Development and Strategic Goals - The company is transitioning from "capacity leading" to "technology leading + service leading" as part of its strategic upgrade plan initiated in 2025 [4][5] - The company is the only manufacturer using a non-benzene process for producing its products, which provides a competitive edge [5] Group 4: Shareholder Communication and Equity Structure - The company emphasizes shareholder communication and has engaged with its top ten shareholders regarding operational and governance matters [6][7] - The controlling shareholder and their associates are optimistic about the company's long-term prospects and have intentions to increase their shareholding [7] Group 5: Medical Sector Investments - The company has strategically invested in five biotechnology firms focusing on innovative drug development, with several products advancing through regulatory stages [6][7] - One product is in the NDA approval stage, two are in Phase II clinical trials, and several others have received IND approvals in China and the U.S. [7]

Group 1: Company Overview - Shenzhen Changying Precision Technology Co., Ltd. specializes in precision components for consumer electronics and new energy vehicles, becoming a core supplier for industry leaders like Apple and Samsung [3] - The company has established a dual pillar development structure focusing on consumer electronics and new energy, along with artificial intelligence [3] Group 2: Business Performance - In 2025, the humanoid robot precision component business generated approximately 100 million RMB in revenue, with 80% of sales coming from overseas clients [3][4] - The number of part numbers supplied to overseas clients has been consistently increasing over the past eight quarters, indicating strong demand [4] Group 3: Product Development - The average selling price (ASP) of humanoid robot products is expected to increase in the second half of 2025 due to a rise in part numbers, particularly in the fourth quarter [4] - The company is actively developing a new business line for force control joint modules, which has already undergone multiple sample tests and factory visits by clients [4] Group 4: Competitive Landscape - The company is experiencing steady growth in part numbers and quarterly revenue, despite normal industry competition [5] - Strategies to address potential price pressure on humanoid robots include leveraging economies of scale and enhancing product value through new offerings like force control solutions [5] Group 5: Future Prospects - The company has established production bases in Vietnam and Mexico to meet client demands, with ongoing development of new products for AI servers and liquid cooling systems [5][6] - Changying Precision holds a 14.71% stake in Yiqu Semiconductor, which specializes in phased array chips for applications in satellite communications and drones, indicating diversification in its business portfolio [6]

| | □分析师会议 特定对象调研 | | --- | --- | | | □媒体采访 □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | | 丽珠集团——董事会秘书 刘宁 | | 活动参与人员 | 丽珠生物——常务副总经理 杨嘉明 | | | 丽珠集团——投资者关系团队 李淼、彭婷 | | | 参会投资机构共计 10 家，详见附件。 | | 时间 | 年 月 日 2026 2 6 15:30-17:00 | | 地点 | 本公司会议室 | | 形式 | 现场参会+线上接入 | | | 问：请介绍公司自免领域创新药莱康奇塔单抗的适应症、 | | | 临床数据、商业化策略及后续计划。 | | | 答：莱康奇塔单抗作为丽珠生物首个申报 BLA 的创新 | | | 药，是公司实现创新转型的核心标志性成果之一，也是国 | | | 内首个同时靶向 IL-17A/F 的生物制剂，具体信息如下： | | | 目前在研核心适应症为中重度银屑病及强直性脊柱 | | 交流内容及具体问答 | 炎，其中银屑病适应症已申报上市并纳入 CDE 优先审评， | | ...

投资者关系活动记录表 证券代码：002458 证券简称：益生股份 山东益生种畜禽股份有限公司 投资者关系活动记录表 研发方面，公司益生 909 小型白羽肉鸡于 2021 年末取得新品种 证书，益生 817 小型白羽肉鸡于 2025 年 8 月取得新品种证书，公司 自主研发的蛋鸡品种已通过中试阶段，预计于 2026 年上半年能获得 新品系证书。 公司在发展种鸡业务的同时，大力扩展种猪产业，公司自 2000 年开始建立原种猪场，在原种猪养殖方面，已积累了二十余年的丰富 经验，公司原种猪场于 2013 年被认证为国家生猪核心育种场，2018 年和 2023 年续评为国家生猪核心育种场。产能方面，公司的种猪产 量从 2023 年 10 月份开始逐步放量，2024 年销售种猪近 3 万头，2025 年销售种猪近 10 万头，种猪产能持续放量。 公司作为双阴种猪场，在市场中具有较强的竞争力，客户有：温 氏股份、新希望、大北农等大型养殖企业。 二、行业情况介绍： 我国禽肉总产量逐年上涨，人均禽肉消费量也在逐年上涨。近几 年，黄羽肉鸡的产量呈下降趋势，白羽肉鸡的产量呈持续增长态势， 白羽鸡肉在禽肉中的占比在逐年提高，2024 ...

Group 1: Company Overview - The company, Sunflower Pharmaceutical Group Co., Ltd., focuses on traditional Chinese medicine, chemical drugs, and health products, aiming to ensure safe medication for children and build trust among consumers [2][3] - The brand matrix includes two main brands: "Sunflower" for adults and "Little Sunflower" for children, with a combined brand value exceeding 36.5 billion yuan [3] Group 2: Core Product System - The adult medication line covers key areas such as digestive system, cardiovascular, gynecology, rheumatology, and respiratory illnesses, featuring products like liver protection tablets and mesalazine enteric-coated tablets [2][3] - The children's medication line addresses respiratory, digestive, and immune support, with key products including pediatric cough syrup and zinc supplements [2][3] Group 3: Market Challenges and Strategies - In 2025, the company experienced a significant decline in performance due to proactive channel adjustments, leading to a year-on-year sales revenue decrease [3][4] - The company is focusing on brand building and marketing, with increased sales expenses expected to enhance brand value over the long term [4] - R&D investments remain strong, with ongoing development in key areas such as pediatrics and geriatrics, despite short-term performance pressures [4] Group 4: Operational Adjustments - The company initiated inventory optimization in the second half of 2024, with the goal of restoring normal operations by the end of 2025 [4] - A multi-faceted approach to managing raw material costs has been established, including differentiated procurement strategies and supply chain optimization to mitigate risks from price fluctuations in traditional Chinese medicine materials [4][5] Group 5: Future Outlook - The company plans to enhance its presence in the health sector, leveraging the "Little Sunflower" brand to build an online and omnichannel operational system [5] - Continuous monitoring of market trends and governance improvements are in place to ensure sustainable growth and investor confidence [5]

Group 1: Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., is involved in the wind power gearbox industry, which has high industry barriers including technology, capital, customer certification, and brand reputation [2][3]. Group 2: Product Quality Control - The company has established a Quality Assurance Center and a comprehensive quality management system to control product quality throughout the entire production cycle, including raw material quality and production process quality [3]. - The company has obtained ISO9001 and IATF16949 international quality management system certifications, emphasizing excellence in product design, material selection, and manufacturing process optimization [3]. Group 3: International Market Expansion - The company has a clear strategic plan for overseas market expansion, with global service points established in key markets such as Hamburg, Germany; Chennai, India; and Tokyo, Japan [4]. - The company aims to enhance service capabilities, deepen customer relationships, and optimize supply chain management to increase its international market share [4]. Group 4: Product Advantages - The wind power gearbox is considered the "crown jewel" of wind power equipment manufacturing, featuring advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost [4][5]. - The company utilizes high-quality alloy steel and advanced processing techniques to enhance the durability and fatigue life of gears, achieving precision levels of 5 for external gears and 7 for internal gears [5]. Group 5: Smart Factory Impact - The establishment of a smart factory for wind power gearboxes is expected to enhance the company's competitiveness by addressing market adaptation, capacity efficiency, and operational effectiveness [5]. - The smart factory will enable rapid response to customized demands from OEMs, expand customer cooperation boundaries, and support the domestic and international large wind power project expansion [5]. - The project is projected to contribute significant revenue increases, with each unit of wind power gearbox expected to generate hundreds of millions in annual revenue, while also improving financial metrics such as liquidity ratios and reducing debt ratios [5].

Group 1: Investment and Production Capacity - The convertible bond fundraising project aims to upgrade and expand the production capacity of large precision stamping molds for mid-to-high-end passenger vehicles, targeting an annual production of 180 sets once fully operational [2] - The project "Intelligent Additive Manufacturing of Key Materials for Large Precision Molds (Phase I)" is expected to achieve an annual output of 36,000 tons of iron-based and 3,000 tons of steel-based precision forming equipment blanks [2][3] Group 2: Robotics and Automation - The company plans to develop 3,000 intelligent mobile robots and surrounding intelligent manufacturing system solutions annually, enhancing competitiveness and brand influence [3] - Intelligent collaborative robots are currently applied in automotive manufacturing and general industrial fields, with ongoing development of high-end collaborative robots in partnership with Yaskawa Electric [3][4] Group 3: Market and Cost Management - The company has a robust order backlog, with high capacity utilization rates, ensuring sufficient demand to absorb new production capacity [4] - Rising raw material prices have a limited impact on the company, which actively manages costs through supplier agreements and price adjustment mechanisms [3][4] Group 4: Research and Development - Over 20% of the company's workforce is dedicated to R&D, with collaborations established with several universities for joint research projects [4] - The company is focused on enhancing its product mix and cost control to improve gross margins, leveraging new technologies and innovations [3][4] Group 5: Competitive Advantages - The company differentiates itself through a forward-looking focus on the new energy sector, high-precision technology barriers, and an integrated service capability that combines equipment and components [4] - The company is actively adapting to industry technological changes, including digital transformation and AI applications, through partnerships with research institutions [4]

Group 1: Company Overview - Yantai Jereh Petroleum Service Group Co., Ltd. has established a strong reputation in the power generation sector, particularly in data centers and oil and gas development, due to its reliable and high-performance equipment [2][3]. - The company has successfully penetrated the North American market with gas turbine generator sets, gaining recognition from overseas clients [2][3]. Group 2: Recent Contracts and Financials - The company has signed four generator set contracts, with delivery timelines tailored to customer needs and production schedules; clients are required to pay a certain percentage of prepayment and settle the full amount before equipment delivery [4]. - The focus on profitable engineering orders and cash flow is critical, with strict requirements for project profitability and cash flow metrics [6]. Group 3: Future Outlook - The company aims to deepen its involvement in three key areas: data centers, industrial energy, and new power systems, while expanding its diverse customer base through continuous technological innovation and product iteration [5]. - Jereh is committed to providing integrated solutions covering power generation, energy storage, distribution, and thermal management, enhancing the safety, reliability, and operational efficiency of energy systems [5]. Group 4: Project Selection Criteria - The company prioritizes high-quality oil and gas engineering service projects that can drive synergy across its various business segments, supporting its international strategy [6]. - Recent successful projects, such as those with Kuwait Oil Company and various gas boosting stations, have enhanced Jereh's market recognition and positioned it favorably for high-end market penetration [6][7].

Group 1: Business Strategy and Development - The company aims to create a "software-hardware-digital system integration" one-stop solution, focusing on digital power grids, digital equipment, digital new energy, and digital new infrastructure [2][3] - The company has established strong partnerships with numerous central state-owned enterprises and industry leaders, with plans to expand its strategic customer base [3] - The "Dianhong" IoT operating system is being developed to provide solutions for large-scale IoT device access and operation maintenance in new power systems [3] Group 2: Industry Expansion and Achievements - In 2025, the company made progress in cross-industry business expansion, providing digital power distribution systems and management solutions to clients in the transportation and water sectors [3][4] - The company has worked with clients such as China Railway 16th Bureau and Shenzhen Airport to enhance operational efficiency and safety management capabilities [3] Group 3: Financial Projections and Investments - The fixed asset investment for the Southern Power Grid is projected to reach CNY 180 billion in 2026 [4] - The company's revenue projections for 2025 are disclosed in the prospectus, with the final figures to be confirmed in the annual report [4] Group 4: Technology and Product Development - The "Fuxi" main control chip is primarily applied in power-specific chips and modules, focusing on distribution automation and network security [5] - The "Dianhong" IoT operating system is the first domestic power IoT operating system, enabling plug-and-play capabilities across different types and brands of power equipment [5] - The micro intelligent current sensor, part of the "Jimu" brand, offers real-time measurement capabilities and is suitable for large-scale deployment in power distribution networks [6] Group 5: Manufacturing and Production - The company employs a hybrid production model, combining in-house development for core components with outsourcing for non-core processes [6]