Industry Overview - The pickled vegetable industry remains relatively stable, characterized by stock competition. The company is expanding its product categories and channels to adapt to consumer demand and enhance growth [1][2]. Product Development and Innovation - The company has shifted its strategy for new product launches, focusing on expanding the scale of new categories like pickled radish and pickled vegetables before controlling costs. This includes adjusting sales personnel evaluation mechanisms to encourage channel development [3][7]. - New product categories include pickled vegetable sauces and stir-fried pickled vegetables, with a focus on optimizing existing pickled vegetable products [2]. Channel Expansion - The company has established a large customer operations center to directly engage with major supermarkets like Sam's Club and Hema, allowing for customized product development and improved feedback loops for product optimization [4]. Raw Material Cost Management - Favorable weather conditions and stable planting areas have kept raw material costs low, with the price of green cabbage expected to remain around 800-1000 RMB per ton. The company is increasing its raw material procurement to mitigate future price fluctuations [5]. Profit Margin Outlook - The initial focus on expanding product volume may lead to lower profit margins, but as scale increases, profit margins are expected to improve. The pickled vegetable category is projected to maintain stable profit margins in the coming years [7]. Brand Strategy - The company maintains a consistent brand presence, adjusting marketing investments based on product maturity and market conditions. New product launches will see increased marketing efforts tailored to specific cities and competitive landscapes [8]. Consumer Demographics and Trends - The primary consumer demographic remains women aged 30-50, with consumption scenarios expanding to include snacks and outdoor activities. The company is exploring diverse product specifications and flavors to cater to these evolving consumer needs [9]. Market Penetration Challenges - In response to changing consumer habits during economic downturns, the company has introduced a 60g product priced at 2 RMB to attract price-sensitive consumers. Future plans include further product development and penetration into lower-tier markets [10]. Strategic Changes Under New Leadership - The company continues to implement a "dual-wheel drive" strategy, focusing on product category expansion and sales optimization. Adjustments to sales policies and incentive mechanisms aim to enhance sales performance and management efficiency [11]. Future Funding Plans - Funds raised will be allocated to the Wujiang green intelligent production base project, with expenditures planned for acquisitions, market promotion, and increased dividends to shareholders [12][13].

津膜科技上市以来，穿越了行业发展的高峰和低谷，经过 近几年不断的调整优化，公司资产质量明显改善，业务结构更 加健康，技术基础雄厚，品牌影响力较强，下一步将加大差异 化产品和技术研发，提升核心竞争力；聚焦重点市场不断增强 营销力量，提升销售规模；借助自身行业地位扩大合作渠道， 扩充优质合作伙伴，吸引整合更多资源；强化产业和资本的结 合，完善内部机制，激发更多企业活力和发展潜力，形成持续 健康发展。 证券代码：300334 证券简称：津膜科技 天津膜天膜科技集团股份有限公司投资者关系活动记录表 编号：2025-002 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 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 | 参加天津辖区上市公司 2025 年投资者网上集体接待日暨半 | | 人员姓名 | 年报业绩说明会的投资者 | | 时间 2025 | 年 9 月 11 日 13:30-17:00 | | 地点 | 全景网"全景路演"http://rs.p5 ...

Group 1: Company Overview and Innovation Plans - The company emphasizes that technological innovation is the core of its sustainable development, focusing on research and development (R&D) and technological transformation to optimize production processes and enhance product quality stability for activated carbon, sodium silicate, and silica gel [1] - The company aims to improve production line efficiency and environmental standards through "technology application, process improvement, and equipment enhancement," while steadily advancing towards decarbonization [1] - The company plans to explore new products and applications in activated carbon, leveraging its technical foundation to develop specialized activated carbon products, aiming for a "develop one generation, produce one generation, and reserve one generation" strategy for long-term growth [1] Group 2: Product Development and Market Expansion - The company has developed a wide range of activated carbon products, including bamboo-based granular activated carbon, fruit shell activated carbon, coconut shell carbon, supercapacitor activated carbon, biomass hard carbon, and porous carbon, which are applied in various industries such as fermentation, food additives, pharmaceuticals, chemicals, water treatment, environmental protection, catalyst carriers, and new energy carbon materials [2] - The company intends to strengthen its market position in the activated carbon industry by adopting flexible sales strategies to expand market share in traditional sectors and enhance product pricing power [2] - The company is actively developing high-end activated carbon products and utilizing exhibitions, forums, and seminars to enhance its industry image and promote a "one-stop overall solution" capability [2] Group 3: New Energy Carbon Materials - The company reports that its new energy carbon materials, including supercapacitor carbon, hard carbon, and porous carbon, have started well, achieving mass production and sales, and are expected to become a new growth driver for the company [2] - The company is progressing with the "2,000 tons per year porous carbon construction project" to further enhance its production capacity [2]

Group 1: Company Overview - The company is Yunnan Enjie New Materials Co., Ltd., with stock code 002812 and bond code 128095 [1]. Group 2: Investor Relations Activity - The investor relations activity was categorized as a specific object survey, with participation from institutions such as Yin Hua Fund, Ping An Asset, and others [2]. - The meeting took place on September 11, 2025, at the company's headquarters [2]. Group 3: Production Capacity and Market Demand - The current capacity utilization rate is high, indicating a leading position in the industry, with stable growth in downstream customer demand and orders [2]. - The pricing of membrane products is influenced by supply-demand dynamics and market competition, rather than solely by company decisions [2]. Group 4: Solid-State Battery Material Development - The company has two production lines for semi-solid battery membranes, indicating readiness for mass supply [4]. - In the full solid-state battery materials sector, the company has developed high-purity lithium sulfide and solid electrolyte products, with a pilot production line for 10 tons already operational [4]. Group 5: Advantages of Sulfide Electrolytes - The sulfide solid electrolyte produced by the company features ultra-low particle size and high ionic conductivity, which are critical for high-performance solid-state batteries [5]. - The combination of these properties enhances the electrolyte's efficiency and reduces interfacial reactions during battery cycling, improving energy density and cycle stability [5]. Group 6: Technical Breakthroughs - The company has achieved a reduction in particle size of sulfide solid electrolytes from over 15 µm to 300 nm, while maintaining ionic conductivity above 6 mS/cm, which is among the highest in the industry [6]. - This reduction in particle size helps decrease interfacial resistance and enhances battery energy density, addressing issues like lithium dendrite formation [6].

Group 1: Company Strategy and Operations - The company emphasizes the importance of employee rights and management's legal entitlements, ensuring fair treatment in labor rights, compensation, and career development [1] - The main business operations are concentrated in Jiangsu Yancheng, Hunan Yongzhou, and Malaysia [1] - The current factory area for the copper foil project is approximately 5,000 square meters [1] Group 2: Product and Market Development - Haiwen Technology, a subsidiary, primarily produces touch sensor functional films [2] - The company maintains a good communication relationship with Huanuo Starry Sky, exploring potential business collaborations [2] - The company is actively seeking new profit growth points while consolidating existing power and touch display sectors [2] Group 3: Financial Performance and Challenges - The company's profit has decreased compared to the previous year, mainly due to the international economic environment and increased production costs at new bases in Jiangsu and Malaysia [10] - The company is focused on enhancing operational efficiency and profitability through technology innovation and market expansion [9] Group 4: Future Plans and Investments - The company plans to enter projects aligned with its strategic goals, including RF modules, through investments and acquisitions [4] - The company is committed to improving its governance and core competitiveness to enhance intrinsic value [9] - The company is exploring various high-quality acquisition targets to strengthen its position in the semiconductor sector [3]

证券代码：300143 证券简称：盈康生命 投资者关系活动记录表 编号：2025-07 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 （电话会议） 参与单位 名称及人 员姓名 南方基金 冯啸 秦乾一 张德曦 陈哲、东证资管 邹秉昂、华创自营 胡建东、易米基金 刘家曦、中泰证券 祝嘉琦 孙宇瑶 余燕伶、平 安证券 裴晓鹏、光大证券 吴佳青、中信证券 沈睦钧 王凯 时间 2025 年 9 月 11 日 地点 山东省青岛市崂山区海尔路 1 号盈康一生大厦 18 楼盈康生命科 技股份有限公司会议室 上市公司 接待人员 姓名 董事会秘书 刘泽霖 投资者关系总监 董丁梦 投资者关 系活动主 要内容介 绍 1、公司在 AI 医疗方面有比较长时间和广泛的布局，请具体介 绍下，以及从经营数据上看有哪些提升效果？ 回答：公司AI应用经历了1.0 阶段（统一整合旗下医院四大核 心系统，实现一体化整合，解决信息孤岛等问题）、2.0 阶段（建 设互联网医院平台，构建"线上+ 线下"一体化服务链，建设大数 据湖，搭建医院管理自日清平台）和AI 应用3.0 阶 ...

Market Environment - The inter-provincial cruise market on the Yangtze River is currently in a phase of recovery and transformation, characterized by "demand recovery, structural optimization, intensified competition, and accelerated innovation" [2] - As of the end of 2024, there are 12 inter-provincial cruise companies in the Yangtze River Three Gorges area, with 47 vessels averaging 15.27 years in age and a total capacity of 19,453 passengers [2] Revenue and Profit Expectations - According to the feasibility study, the operation of 4 new inter-provincial cruise vessels is expected to generate an annual revenue of CNY 395 million and a net profit of CNY 100 million in the year of full operation [4] - The project has a post-tax dynamic investment payback period of 11.90 years and a post-tax internal rate of return of 10.11%, indicating good investment returns [4] Competitive Advantages - The company plans to operate 4 inter-provincial cruise vessels, with the first two expected to launch in June and December 2026, and the second batch in June 2028 [5] - The company has over 20 years of experience in water transport and tourism services, providing a strong operational management advantage [5] - A well-structured tourism port network supports the company’s operations, with the Three Gorges Cruise Center as the main hub [5] - The company has developed a comprehensive service system for inter-provincial cruises, enhancing operational efficiency [5] - The company has a professional marketing team and a mature marketing system that combines remote, local, and online marketing strategies [6][7] Pricing Strategy - The company has the autonomy to set prices for its cruise products, with adjustments made based on service quality, cost changes, and partnerships with distributors [8] - The focus is on developing a diverse product range to enhance value rather than frequent price increases [8] Dividend Policy - The company has consistently returned profits to investors, with a cash dividend of CNY 68.94 million in 2024, representing 58.63% of the net profit [9] - The cash distribution ratio has been increased from 10% to 30% of distributable profits, with a commitment to distribute at least 50% of the average annual distributable profits over the last three years [9] Strategic Goals - The company aims to become a leader in the Yangtze River Three Gorges tourism sector and a pioneer in China's inland cruise tourism [10] - Strategies include leveraging the parent company's resources for mergers and partnerships, and expanding the cruise industry through self-built and external growth initiatives [10]

Group 1: Company Overview and Market Opportunities - The company is categorized as an industrial control system and core components provider, primarily serving the manufacturing sector, including CNC machine tools, semiconductor processing equipment, and robotics [3] - The strategic opportunity lies in the transformation of China's manufacturing industry, which has exceeded 40 trillion RMB, moving towards high-end manufacturing and advanced production capabilities [3] - The demand for high-end equipment, particularly in semiconductor processing and CNC machine tools, is increasing as the industry undergoes structural optimization [3] Group 2: Revenue Structure - Revenue from the semiconductor and related fields accounts for approximately 14% [4] - The industrial laser equipment sector contributes over 30% to the revenue [4] - Revenue from 3C automation equipment represents over 24%, while general automation accounts for less than 10% [4] - Revenue from robotics is currently low, estimated at 10 to 20 million RMB, primarily from industrial and logistics robots [4] Group 3: Challenges and Competitive Landscape - The main challenge in high-end equipment is ecological access, as international competitors have established deep industry ecosystems over decades [4] - Major competitors in the high-end equipment sector include Siemens, Fanuc, and Mitsubishi, indicating a highly competitive environment [4] - The market for high-end micro-nano servo processing equipment in China is estimated to be between 300 to 500 billion RMB, presenting both opportunities and challenges [5] Group 4: Technological Development - The company is focused on advancing technology and product applications in high-end equipment, particularly in semiconductor and CNC machine tools [3] - The evolution of control units in the industry has led to the emergence of PLC and GMC systems, with GMC addressing complex control needs in high-speed and high-precision scenarios [5] - The company has over a decade of experience in robotics, positioning it well to adapt its technology to meet market demands [5]

Production Capacity and Market Layout - The company has a total compound fertilizer production capacity of approximately 7.55 million tons, with an additional 1.3 million tons under construction [2][3] - Production bases are strategically located across various regions in China, including Hubei, Sichuan, Henan, Shandong, Liaoning, Heilongjiang, and Xinjiang, as well as a production base in Malaysia for Southeast Asia market supply [2][3] Sales Performance and Growth - In the first half of 2025, the company's phosphate fertilizer products generated revenue of 7.222 billion yuan, reflecting a year-on-year growth of 21.55% [3] - The growth in phosphate fertilizer sales is attributed to channel refinement, marketing efforts, and product structure optimization towards high-margin products [3][4] New Fertilizer Development - New fertilizers offer advantages over traditional fertilizers in nutrient release, application precision, and functionality, leading to improved fertilizer efficiency and reduced nutrient loss [4] - The market share of new fertilizers has steadily increased, driven by the company's focus on high-efficiency, precision, and functional products [4] Market Outlook - The company remains optimistic about the compound fertilizer market, citing strong demand driven by national policies supporting farmland protection and food security [5] - The role of compound fertilizers in enhancing soil fertility and ensuring stable food production is increasingly recognized [5] Phosphate Acid and Mining Operations - The company has developed leading technology for graded utilization of phosphoric acid, establishing an integrated industry chain from phosphate rock to various phosphate products [7] - The company owns three phosphate mines in Sichuan with a total resource reserve of approximately 549 million tons and is advancing mining capacity of 6.9 million tons per year [8] Synthetic Ammonia Project - The company is constructing a 700,000-ton synthetic ammonia project in Hubei, which will support the production of various fertilizers and is on track for completion [9] - Once operational, the project will enhance self-sufficiency in nitrogen fertilizer raw materials, reduce production costs, and improve market competitiveness [9]

Group 1: Legal and Compliance Issues - The case involving Huang has been escalated for handling as of April 2025, and the company believes there has been positive progress in the case [3] - The company does not foresee a risk of delisting due to continuous false records over the past three years based on their cooperation with investigations [3][4] - The main personnel involved in the case have been subjected to compulsory measures by law enforcement [3] Group 2: Financial Performance and Stock Management - The company reported a significant increase in inventory, with a total amount of CNY 1.094 billion, reflecting a year-on-year increase of 30.69% [10] - The increase in inventory is primarily due to production and stockpiling of phosphate ammonium for export [10] - The company does not currently plan to repurchase shares due to substantial funding needs for future projects [9][10] Group 3: Operational Developments - The company is accelerating the approval process for the Yongwen phosphate mine, which has faced delays due to previous legal issues [6][10] - The company is focusing on traditional compound fertilizer business and mineral integration as key profit growth areas for the next few years [10] - The company has a partnership with Guizhou Phosphate for phosphate ore procurement [7] Group 4: Investor Relations and Shareholder Concerns - The company has received suggestions from shareholders regarding stock buybacks and management share purchases to stabilize market value [9] - The total number of shareholders as of June 30, 2025, is 44,794 [12] - The independent director has expressed concerns about the accuracy of financial reports due to previous management's misconduct, but has recognized the current management's efforts [8]