Group 1: International Market Expansion - As of the end of Q3 2025, the company's cumulative installed capacity for international business reached 11,214.62 MW, with over 3 GW installed in Asia (excluding China) and more than 2 GW in South America and Oceania, while North America and Africa each exceeded 1 GW [2] - The company had a total of 7,161.72 MW in external orders for overseas projects as of September 30, 2025 [2] Group 2: Domestic Wind Power Operations - The total equity installed capacity of the company's domestic and international self-operated wind farms reached 8,688 MW, with 28% in East China, 27% in Northwest China, 19% in North China, 12% in Northeast China, 9% in Southern China, and 5% internationally [2] - The company has 4,062 MW of domestic wind farm capacity under construction [2] - From January to September 2025, the company added 745 MW of new equity grid-connected capacity and sold wind farm capacity of 100 MW, with an average utilization hour of 1,730 hours for self-operated wind farms [2] Group 3: Mixed Tower Business Progress - In 2024, the company launched a new 204-meter digital steel-concrete tower platform, setting a new height record in the wind power industry [4] - The company secured its first international project using its mixed tower solution, marking a significant step in its mixed tower strategy [4] - In the first half of 2025, new domestic mixed tower orders increased by 50% year-on-year, and delivery volume rose by 59%, with 3 GW of international project orders obtained [4] Group 4: Research and Development Innovation - The company has established a global network of six R&D bases, including a headquarters in Beijing and an innovation center in Xinjiang, to drive cutting-edge technology development [5] - The company has implemented multiple innovation incentive systems and established mechanisms for discovering, cultivating, and incentivizing technological talent [5] - As of mid-2025, the company held 6,245 domestic patent applications, with 3,803 being invention patents (61% of total), and 4,611 domestic authorized patents, including 2,356 invention patents (51%), ranking first in the industry [5] - The company also has 1,423 overseas patent applications and 894 overseas authorized patents [5]

Group 1: Company Overview - Shandong Kuntai New Materials Technology Co., Ltd. specializes in automotive soft interior materials, focusing on R&D, production, and sales [2] - The company was listed on the Shenzhen Stock Exchange on February 16, 2023, under the stock code 001260 [2] - Core business includes a full industry chain for automotive soft interior materials, with main products like tufted carpets and needle-punched carpets [2][3] Group 2: Market and Partnerships - Kuntai has established stable partnerships with brands such as BMW, Audi, Mercedes-Benz, Volvo, Hongqi, NIO, Li Auto, and Xpeng [3] - The company is actively expanding its overseas market presence with subsidiaries in the USA, Singapore, Mexico, and Morocco [3] Group 3: Production Facilities - The Mexican production facility is in the early stage of small-batch trial production, with equipment installed and debugged [3] - The Moroccan production base is progressing with administrative approvals and has received strategic orders from important clients [3]

Group 1: Company Development Strategy - The company will focus on high-end, intelligent, and green development, aligning with national strategies and market demands [2] - Emphasis on integrating new information technology with production processes to create a smart manufacturing model [2] - Commitment to ecological priorities and green development through carbon reduction and resource recycling [2] Group 2: Product Competitiveness - The company offers a comprehensive product range including hot-rolled sheets, cold-rolled sheets, galvanized sheets, and seamless steel pipes [2][3] - Products are widely used across various industries such as machinery, metallurgy, petrochemicals, and construction [2] - Leading position in shipbuilding steel certification and stable supply of high-tech shipbuilding steel [2][3] Group 3: Advanced Product Capabilities - Automotive steel products can achieve strength levels up to 2000MPa and include advanced features like aluminum-silicon coating [3] - Full production capability for non-oriented silicon steel with applications in mainstream automotive and electrical industries [3] - Increasing proportion of high-grade oriented silicon steel supplied to major transformer manufacturers [3]

Group 1: Company Overview and Activities - Guangbo Group Co., Ltd. held an investor activity on December 15, 2025, at their company location, attended by representatives from Huayuan Securities, Xibu Lide, and Ningyin Wealth Management [2]. - The company launched its brand experience store, "潮玩先锋," in Shanghai on November 28, 2025, featuring various interactive areas and products, marking a significant upgrade in brand experience and operational depth [3]. Group 2: Marketing Strategies - The company organized a "Christmas-themed pop-up event" starting December 12, 2025, at Shanghai Jing'an Joy City, showcasing new products from popular IPs such as "Persona," "Hunter x Hunter," and others [4]. - Guangbo's marketing strategy includes leveraging social media platforms like Xiaohongshu to continuously release product information and brand activities, creating an integrated online and offline marketing matrix [4]. Group 3: Product Development and Future Plans - The company is developing an "IP Fun Food" series in collaboration with the popular IP "Detective Conan," which has received positive market feedback due to its innovative combination of food and collectibles [5]. - Future plans involve focusing on Gen Z consumer demands, optimizing the food supply chain, and enhancing product design and interactive features to create immersive consumption experiences [6]. - In 2025, Guangbo is prioritizing the development of new categories, including cards, plush toys, and food products, with successful launches of collectible cards based on the "Zhu Xian" IP [6].

Group 1: Company Overview and Market Position - Yantai Shichuan Sealing Technology Co., Ltd. is actively expanding its presence in the new energy vehicle sector, collaborating with leading manufacturers to supply sealing products for hybrid and extended-range vehicles [2] - The company aims to enhance its sealing product offerings beyond engine seals to include electric drive systems, hydrogen engines, and methanol engines [2] Group 2: Financial Performance and Profitability - The gross margin for sealing gaskets decreased by 0.14% compared to 2023, primarily due to policy changes, but the company implemented cost-reduction measures to stabilize margins [3] - The commercial vehicle market has shown significant growth due to government policies, positively impacting the demand for gaskets and ensuring stable revenue growth for the company [4] Group 3: Product Value and Market Dynamics - The price of gaskets varies significantly, ranging from a few yuan to several hundred yuan, with an average price of 200-300 yuan for domestic diesel six-cylinder engines [5] - The company anticipates that the value per vehicle for new fuel engines will increase as technology advances, particularly in natural gas, methanol, and hydrogen engines [5] Group 4: Future Development and Strategic Initiatives - The metal-coated board product has substantial market potential, particularly in high-end applications, with the company focusing on R&D to enhance product quality and performance [7] - The second production line for the metal-coated board project is nearing completion, with production expected to commence in the first half of 2026, which will enhance capacity and operational efficiency [8] Group 5: International Market Expansion - The company is actively pursuing international market opportunities, with direct exports expected to see significant growth, particularly in partnerships with renowned manufacturers like Cummins and Doosan [9] - The ongoing internationalization strategy is anticipated to provide strong support for the company's future performance [10]

Group 1: Business Overview - The company focuses on providing advanced system solutions and lifecycle services in the energy and power sectors, with products including compressors and heat exchangers, covering a temperature range of -271℃ to 200℃ [3] - Key applications of products span across various industries such as food processing, cold chain logistics, industrial refrigeration, commercial air conditioning, and energy recovery systems [3] Group 2: Financial Performance - The low-temperature refrigeration segment experienced a slight decline in revenue during the first three quarters, with the decrease narrowing each quarter; however, the special air conditioning and thermal management segments showed year-on-year growth [4] Group 3: Data Center Applications - The company’s subsidiaries provide cooling equipment for data centers, including liquid cooling systems, with significant projects completed for major clients like the National Supercomputing Center and various banks [4][6] - Dunham-Bush, a subsidiary, has a 131-year history and offers products recognized in the national green data center technology catalog [4] Group 4: Nuclear Power Industry - The company is actively involved in the nuclear power sector, focusing on core applications such as nuclear island cooling and heat recovery, with successful projects at multiple nuclear power stations [6][7] - Innovations include a no-power cooling system for the safety shell and technologies for nuclear energy heating and desalination [7] Group 5: Thermal Management and Carbon Neutrality - The company is developing a full range of industrial heat pumps to support thermal management, with a focus on energy recovery technologies that align with national carbon neutrality goals [8] - The company has been recognized as a national-level specialized "little giant" enterprise, holding 96 patents and 33 software copyrights [8] Group 6: Solid Oxide Fuel Cell (SOFC) Research - Since 2022, the company has collaborated with Xi'an Jiaotong University on SOFC technology, achieving significant advancements in tubular SOFC output characteristics and integration techniques [9] - The project has led to the successful development of a 5kW stack module and various performance tests, contributing to domestic innovation in this field [9]

通化金马药业集团股份有限公司 投资者关系活动记录表 | | 专业队伍，打造创新营销模式，保证公司在新药销售的主 | | --- | --- | | | 导性、可控性，充分平衡药品的利润空间和患者可及性， | | | 做好新药上市的定价工作；结合市场的广泛需求，制定精 | | | 准营销策略。同时，现有生产体系已做好充分准备，设计 | | | 产能可满足阿尔茨海默病患者的用药需求，确保新药获批 | | | 后能够快速投入市场，为广大患者提供新的优质治疗选 | | | 择。 | | 关于本次活动是否涉 | 否 | | 及应披露重大信息的 | | | 说明 | | | 活动过程中所使用的 | 无 | | 演示文稿、提供的文 | | | 档等附件（如有，可 | | | 作为附件） | | | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | --- | --- | | | □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） 申万宏源证券：张静含、仰佳佳 | | | 建信基金：马牧青 | | | 上市公司： | | 活动参与人 ...

Group 1: Offshore Engineering Orders and Market Outlook - As of June 2025, the offshore engineering segment holds orders worth approximately $5.55 billion, with production scheduled until 2027/2028. Oil and gas orders account for about 70%, while non-oil and gas orders make up 30% [2] - The company focuses on high-quality, high-end equipment orders, primarily in FPSO/FLNG projects, with a gradual increase in high-quality orders [2] - Industry forecasts suggest that delayed offshore oil and gas projects will be released in 2026, with investment in deep-sea projects expected to peak for at least three consecutive years [2] Group 2: FPSO Market Trends and Pricing - FPSO projects are long-cycle and less affected by short-term oil price fluctuations, with stable annual orders historically [3] - Predictions indicate that over 10 new FPSO contracts will be awarded annually from 2025 to 2029 [3] - The price for large new FPSOs exceeds $4 billion due to high technical barriers and complex design requirements [3] Group 3: Competitive Position and Advantages - The company ranks in the first tier of domestic high-end offshore engineering equipment, supported by a skilled workforce of nearly 4,000 employees, including 1,200 in R&D [5] - Core competitive advantages include comprehensive design capabilities and a one-stop delivery system, enhancing manufacturing efficiency and cost control [5] - A responsive global supply chain and collaboration with key equipment suppliers ensure project progress and operational cost reduction [6] Group 4: Drilling Platform Operations and Bidding Strategy - The company has successfully executed rental contracts for offshore assets, including a sixth-generation semi-submersible drilling platform with five well leases signed for 2025 [7] - Focus areas for bidding include the North Sea, Australia, Brazil, the Gulf of Mexico, and the Middle East, with attention to emerging markets in Asia-Pacific and Latin America [8] Group 5: Container Demand Outlook - Long-term container demand is closely linked to global trade volumes, expected to rise due to population growth and increased wealth [8] - The annual demand for containers may increase from the recent baseline of over 4 million units to higher levels in the future [8]

Group 1: Company Overview and Strategic Focus - The company will focus on specialized pipe materials, emphasizing high-end, branded, and segmented product strategies to enhance competitive strength and market presence [2][3] - In the oil well pipe sector, the company aims to promote unconventional oil and gas extraction products, including nickel-based alloy pipes and non-API series [2] - The boiler pipe business will prioritize high-end stainless steel boiler pipes and specialty boiler pipes, enhancing customer service and product value [2][4] Group 2: Market Outlook and Product Development - The boiler pipe market is expected to remain robust due to ongoing demand from coal-fired power generation and gas turbine combined cycle power generation [4] - The company plans to optimize boiler pipe production capacity and product structure to meet market demands [4] - The special materials project is set to be completed by November 21, 2025, with a focus on market expansion and product development in high-end sectors [5][6] Group 3: Production Capacity and Future Plans - The HRSG production line, established in 2010, will continue to operate at full capacity, with plans to enhance production flexibility and develop new products [7] - The company will focus on optimizing production organization based on market demand, aiming to increase competitiveness and product value [7] Group 4: Shareholder Returns and Corporate Governance - The company has maintained a tradition of continuous dividends since its listing in 2010, balancing business growth with shareholder returns [8] - Future returns will be aligned with annual profit levels and capital expenditure needs, ensuring sustainable investment returns for shareholders [8]

Company Overview - The history of Guojijiangong dates back to the establishment of the Luoyang Bearing Research Institute and Zhengzhou Abrasives Research Institute in 1958, with the company listed on the Shenzhen Stock Exchange in 2005 [2][3] - The company focuses on precision manufacturing, driven by technological innovation, to provide key products, technologies, and services that meet national strategic needs [2][3] Business Segments and Applications - Guojijiangong operates in five major sectors: new materials, basic components, machine tools, high-end equipment, and supply chain management, with applications in aerospace, military, electronics, renewable energy, high-end machine tools, and automotive industries [2][3] - The company has achieved over 2,400 research results and has established 42 national and provincial-level innovation platforms [3] Financial Performance - In the first three quarters of 2025, the company reported a revenue of CNY 2.296 billion, a year-on-year increase of 27% [4] - Gross profit totaled CNY 797 million, up 20% year-on-year, while net profit reached CNY 245 million, reflecting a 15.4% increase [4] Business Highlights Bearing Business - The special bearing segment has shown steady growth, with a 90% supply rate for key aerospace projects [5][6] - Wind power bearing business has been a significant growth driver, with the company developing the first domestically produced 8 MW and 18 MW wind power bearings [5][6] Abrasives Business - The superhard materials segment continues to grow, with key products serving the semiconductor, automotive, and optical industries [6][7] - The company has made breakthroughs in diamond functional applications, which are expected to become a new source of profit [6][7] Strategic Focus - The company aims to strengthen its core business while optimizing its new business layout, focusing on traditional and emerging sectors for dual growth [8] - A comprehensive R&D system is being established to enhance innovation capabilities and drive industry advancement [8] Future Outlook - Guojijiangong plans to deepen its focus on bearings and abrasives, leveraging technological advantages to drive upgrades and breakthroughs [9] - The company aims to maintain a dividend payout ratio of no less than 40%, with a target to rank in the top 70% of listed companies for dividend payments [9][10] Investor Relations - The company emphasizes transparent governance and investor relations, aiming to build a trust system through comprehensive information disclosure and engagement activities [10][11]