南昌矿机集团股份有限公司投资者关系活动记录表 答：公司在金属矿山领域的订单结构呈现以黑色金属为主导、有色金属多元 发展的格局。从矿种构成来看，铁矿是目前在手订单中占比最高的核心业务，主 要得益于其大规模开采带来的显著规模效应，因此在产值贡献上居于首位。与此 同时，公司在有色金属领域持续拓展，订单覆盖了金矿、铜矿、锂矿等多个高价 值矿种，其中铜矿在有色金属板块中产量与订单规模相对突出。 4. 请问公司与中大型矿山客户的合作模式及推进方式？ 答：矿山业主在装备领域的投资占项目总投资比例较小，更侧重于矿山资源 与开采环节的投资。在合作方式上，公司需参与其招标流程。目前国产设备进入 其体系仍面临低价竞争挑战，但公司强调以技术服务与持续维保为核心，构建差 异化竞争优势。 5. 海外仓建设与智能维保系统如何支撑海外业务？ 答：海外仓以租赁或购置为主，面积通常在十几至二十亩，具备基础水电与 物流配送功能。公司核心竞争力在于后端的智能维保系统。公司通过 5G+物联网 技术，实时回传设备运行参数，实现预测性维护，极大提升设备稼动率，减少非 计划停机。该系统已在多个项目中应用，获得客户高度认可。 证券代码：001360 证券简称 ...

Market Expansion and Performance - BYD has significantly increased its market share in key overseas markets such as Europe, Southeast Asia, and Latin America, with notable sales growth in Singapore and Hong Kong, and a substantial increase in the UK market [1] - In the first ten months of this year, BYD's overseas sales of passenger cars and pickups reached 785,000 units, representing a year-on-year growth of 135% [2] - The global passenger car market is approximately 80 million units annually, with an electric vehicle penetration rate of only 20% in 2024, indicating vast market potential [1] Production Capacity and Global Strategy - BYD has established a presence in over 110 countries and regions across six continents, with announced production facilities in Thailand, Uzbekistan, and Brazil, totaling a designed capacity of over 300,000 units per year [3] - Future production plans include facilities in Hungary, Malaysia, and Cambodia, as part of BYD's strategy to integrate internationalization and localization [3] Technological Advancements - BYD is a leader in electric vehicle technology, focusing on core technologies such as battery systems and intelligent driving, with significant investments in R&D [4] - The company has developed advanced technologies like the blade battery and CTB (cell-to-body) integration, enhancing battery safety and energy density [4] Financial Performance - For the first three quarters of 2025, BYD reported total revenue of approximately 566.3 billion yuan and a net profit attributable to shareholders of 23.3 billion yuan, with cumulative sales of 3.26 million electric vehicles, a year-on-year increase of 18.6% [6] - As of September 30, 2025, BYD's cash and cash equivalents exceeded 175.2 billion yuan, providing strong financial support for business expansion [7] Cash Flow Management - BYD emphasizes effective cash flow management and collaboration with supply chain partners, maintaining a low turnover period for accounts payable and enhancing operational efficiency [8]

Production Capacity and Market Position - The company's subsidiary, Dalian Qihua New Materials Co., Ltd., has an epoxy resin diluent production capacity of 4,000 tons/year (single shift) [2] - The company is a leading supplier of epoxy structural adhesives and infusion resins for wind turbine blades in China, holding the largest market share in this segment [3] - The adhesive and specialty resin segment's sales volume has steadily increased in the first three quarters of 2025, significantly boosting net profit due to rising demand in the wind power sector [3] Expansion and Production Strategy - The company currently focuses on improving existing capacity utilization and product quality rather than expanding production capacity due to strict environmental and safety regulations in the epoxy diluent industry [2] - There are no current plans for capacity expansion, with an emphasis on developing high-value specialty epoxy diluents [2] Supply Chain and Pricing Strategy - The company sources raw materials for epoxy products from both internal and external suppliers, with plans to increase the internal supply ratio in the future [3] - The pricing strategy is flexible, allowing the sales team to adjust prices in response to fluctuations in raw material costs [3] Strategic Development in Electronics - The company has transitioned from a traditional chemical adhesive manufacturer to an advanced new materials R&D enterprise, focusing on high-end electronic information materials [3] - A 51% stake in Chengdu Zhongke Huayi Microelectronics Co., Ltd. has been acquired, which has developed four product lines, including microcontroller chips and integrated circuits, with a performance commitment of at least RMB 40 million in net profit for the first year [4] Semiconductor Industry Transition - The company is accelerating its strategic transformation towards the semiconductor industry, leveraging its existing materials layout to create a third growth curve [4] - The strategic layout aligns with national industrial policy directions, supporting the company's long-term development goals [4]

Group 1: Company Strategy and Market Position - The company aims to deepen its core business and enhance strategic leadership to optimize product structure and increase the proportion of high-value-added products [2][3] - Future growth opportunities are identified in the automotive lighting and Mini/Micro LED sectors, despite challenges in traditional lighting due to intensified competition [4][5] Group 2: Financial Performance and Management - The company focuses on improving operational efficiency, cost control, and enhancing research and development conversion efficiency to boost revenue and net profit [3][4] - The company is implementing dynamic control over project investments and cautiously utilizing raised funds due to industry developments and operational conditions [5][6] Group 3: Investor Relations and Communication - The company plans to enhance communication with investors through performance briefings and investor surveys to improve understanding and recognition [3][4] - There are no current plans to introduce strategic investors or undergo asset restructuring, with a commitment to comply with regulatory disclosure requirements [6] Group 4: Production and Capacity Management - The company is adjusting production capacity based on downstream customer demand and market trends, with ongoing operations at its Changzhou facility [5][6] - Inventory management will be optimized through data-driven demand forecasting and improved production coordination to reduce capital tied up in inventory [5][6] Group 5: Partnerships and Collaborations - The company collaborates with leading brands like TCL and Konka in the Mini LED backlight television sector, achieving mass production and supply [6] - Strategic partnerships are being deepened in the automotive display field, with recognition received for collaborative efforts [6]

Group 1: Company Overview and Capabilities - The company has established a vertical integration platform for embodied intelligence, covering core components to complete machine assembly, including innovative materials and precision manufacturing [2][3] - The newly opened smart robot park in Changsha covers an area of 400 acres, with a production capacity of 189,100 large automation equipment and 500,000 embodied intelligent robots annually [3] - The company aims to become the largest embodied intelligent robot manufacturing platform globally, with a strong focus on the North American and Southeast Asian markets [3][4] Group 2: Market Position and Product Development - The company has entered the supply chains of several leading robot enterprises in North America and China, with a projected shipment of over 3,000 humanoid robots and 10,000 quadruped robots this year [3][4] - By 2026, the company expects to double the scale of humanoid robot core components and complete machine assembly, maintaining a leading position in global shipments [3][4] - The company is focusing on breakthroughs in lightweight technology for humanoid robot joint modules and aims to establish a comprehensive capability from software development to complete machine assembly [4] Group 3: Strategic Directions and R&D Investment - The company plans to increase R&D investment to become a leader in the manufacturing of edge AI hardware, focusing on consumer electronics, automotive electronics, and embodied intelligence [4][5] - The company has already achieved mass production of AI server chassis components and aims to scale production of solid-state drives by 2026 [4][5] - The company is positioned to leverage the upcoming trillion-level explosion in edge AI hardware, enhancing its competitive advantages through technological innovation and manufacturing capabilities [4][5] Group 4: Global Expansion and Supply Chain Management - The company has established a robust global supply chain system, expanding its operations in Vietnam, Thailand, and Mexico to meet diverse customer needs [5][6] - The company maintains close communication with clients to adapt its global business layout, ensuring delivery capabilities for future AI edge hardware [5][6] - The company’s strategic focus on vertical integration and advanced production processes has strengthened its market position and customer relationships [5][6] Group 5: Financial Performance and Profitability - The company is enhancing its gross margin through internal management improvements and external innovations, with a focus on high-margin AI edge devices [6] - The automotive glass business is expected to become a significant growth driver, with production capacity matching the demand for over one million vehicles [6] - The company has secured long-term agreements with major clients to stabilize pricing and ensure cost control despite rising material costs [6]

Group 1: Company Strategy and Financial Outlook - The company aims to become a leader in edge energy through its "All in AI" strategy, focusing on continuous technological innovation and deepening relationships with top global brand clients [1] - The company is working to optimize its product structure and improve manufacturing efficiency to maintain or increase its profit margin [1][2] - The company expects to create long-term sustainable returns for investors through improved operational quality and cost management [2] Group 2: Impact of Raw Material Prices - The company has implemented strategies, including product price adjustments, to mitigate the impact of rising raw material prices on Q4 performance [2][5] - The company is optimistic about its ability to navigate the challenges posed by raw material price fluctuations and is enhancing its product structure towards high-value offerings [2][5] Group 3: Production Capacity and Expansion Plans - Current production capacity utilization is good, with resource synergies and scale effects supporting business growth [3] - The company has successfully launched its Vietnam production base, which primarily serves international clients, and is open to future capacity expansion plans [3] Group 4: BBU Battery Business Performance - The BBU battery business is expected to continue its positive growth trajectory, driven by increasing demand for AI computing and high-end backup power solutions [3] - The company has established a solid technical foundation and customer partnerships in the BBU battery sector, with ongoing projects for mass production [3] Group 5: Shareholder Engagement and Market Strategy - The company is committed to maintaining open communication with shareholders and considers their suggestions seriously [6] - The management emphasizes the importance of solid business operations and customer service as the foundation for sustainable growth, while also being mindful of market conditions and investor expectations [4][6]

Group 1: Company Position and Performance - The company holds a leading position in enterprise email, AI full-stack technology, and intelligent digitalization, with AI applications accounting for approximately 19% of revenue in the first half of 2025, projected to reach around 25% for the full year [1][2] - Revenue for the first three quarters of 2025 reached 1.341 billion yuan, representing a year-on-year growth of 10.81% [2] - The company has a robust order backlog and is positioned as an "AI + industry" solution provider, combining software technology and AI innovation capabilities [2] Group 2: AI and Technology Development - The company has launched various AI products, including enterprise brain, AI voice assistant, and digital human, which are widely used in telecommunications, finance, energy, and transportation sectors [2] - The Rich AIBox platform is designed to support Huawei's super AI applications, enhancing industry AI application deployment [6] - The company has achieved Ascend Native certification, indicating deep integration with Huawei's Ascend computing capabilities [6] Group 3: Strategic Partnerships and Collaborations - The company has not engaged in direct collaboration with OpenAI but focuses on its own AI technology development, particularly in industry models and AI application platforms [2][3] - The RichMail email product has received certification from Huawei's Kunpeng, Ascend, and Euler technologies, with ongoing collaboration primarily in the Harmony ecosystem and enterprise-level AI applications [3] Group 4: Future Outlook and Growth Potential - The company aims to enhance its AI core technology research and application deployment, with expectations for significant growth in AI revenue and profits over the next three years [4] - The company is exploring opportunities in AI healthcare and has a technology reserve in this area, although it has not yet ventured into brain-computer interface applications [4] Group 5: Investor Concerns and Market Confidence - Concerns have been raised regarding significant share reductions by three major shareholders, impacting investor confidence and the company's stock performance [5] - The company is encouraged to seek strategic investors to alleviate market pressure and boost investor confidence [5]

Financial Performance - The company's revenue and net profit have significantly declined compared to the previous year, with unrecognized revenue orders amounting to 1 billion [2] - New orders have increased since the third quarter, but the exact revenue recognition will depend on the financial accounting process [2][3] Order Management - The company has a backlog of orders that typically takes 6 months for new energy projects and 12 months for other industries to recognize revenue [2] - The order situation for the second half of the year will be disclosed in the annual report, with no immediate statistics available [3] Market Position and Competition - The company is facing intense competition in the AGV sector, with advancements in IGV and AMR technologies [3] - Despite market challenges, the company remains focused on its core business and continues to innovate in technology and product development [3][4] Strategic Partnerships - Collaboration with Huawei focuses on 5G technology and industrial internet applications, aimed at enhancing efficiency and automation in logistics [4][5] Shareholder Relations - The company emphasizes the importance of investor interests and actively manages its market value through innovation, product upgrades, and dividend returns [6][7] - Ongoing discussions regarding the transfer of major shareholder equity are in progress, with updates to be provided as developments occur [8][9]

Revenue Growth and Business Segments - The company reported a revenue of 531.29 million yuan for the first nine months of 2025, representing a year-on-year growth of 6.43% [3] - Revenue from the industrial control sector increased by 7.05%, driven by growth in AI intelligent equipment and high-end manufacturing customer orders [3] - The smart hardware segment saw a significant revenue increase of 35.49%, attributed to rising demand for AI edge computing, servers, and robotics [3] - The automotive electronics sector experienced a remarkable revenue growth of 170.64% [3] Profitability Challenges - Despite revenue growth, profit margins declined due to increased competition and rising raw material costs, particularly in PCB sales [3] - The company has increased investments in technology services, digital transformation, and talent acquisition, impacting short-term profitability [3] Cash Dividend Policy - The company has consistently implemented cash dividends since its listing, with a distribution ratio exceeding 15% of the available profit each year [4] - For 2024, the company plans to distribute 1.00 yuan per 10 shares, totaling 10,539,920 yuan [4] Cash Flow Performance - For the first nine months of 2025, the company achieved a net cash flow from operating activities of 48.687 million yuan, a significant increase of 116.45% year-on-year [9] - Cash inflows from sales increased by 3.64%, while cash outflows decreased by 5.74%, indicating improved operational efficiency [9] Strategic Focus and Future Directions - The company emphasizes a "manufacturing + service + platform" strategy, focusing on electronic interconnection and packaging technology [5] - It aims to enhance its digital transformation capabilities and strengthen its supply chain ecosystem [6] - The company is actively involved in a joint venture with Foxconn's subsidiary, focusing on AI servers and robotics control modules [9] Share Buyback and Employee Incentives - As of March 7, 2025, the company repurchased 1,280,800 shares, accounting for 1.20% of its total share capital, with a total expenditure of approximately 30 million yuan [7][8] - The repurchased shares will be used for employee stock ownership plans or equity incentives to enhance employee motivation and productivity [8]

证券代码： 300811 证券简称：铂科新材 深圳市铂科新材料股份有限公司投资者关系活动记录表 | 投资者关系活动 | 分析师会议 □特定对象调研 □ | | --- | --- | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 2025 | 年 月 日 (周四) 下午 11 20 14:30~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、董事长杜江华 | | 员姓名 | 2、董事会秘书阮佳林 | | | 3、财务总监游欣 | | | 4、独立董事伊志宏 | | | 5、独立董事李音 | | | 6、独立董事谢春晓 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、杜总下午好！TDK 与台积电合作开发的封装内 ...