立讯精密投资者关系活动记录表 证券代码：002475 证券简称：立讯精密 立讯精密工业股份有限公司 投资者关系活动记录表 编号：2025-005 | | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系 | □媒体采访□业绩说明会 | | 活动类别 | □新闻发布会□路演活动 | | | □现场参观 | | | 其他：年度股东会互动交流 | | 参与单位名 | | | 称及人员姓 | 公司 年度股东会参会股东 2024 | | 名 | | | 时间 | 年 月 日 2025 5 22 | | 地点 | 广东省东莞市清溪镇北环路 313 号 | | 上市公司接 | 董事长、总经理王来春女士；董事、副总经理郝杰先生、钱继文先生； | | | 独立董事宋宇红女士、张英女士、刘中华先生、侯玲玲女士；监事夏 | | 待人员姓名 | 艳容女士、莫荣英女士；财务总监吴天送先生；董事会秘书肖云兮女 | | | 士。 公司接待人员与股东互动交流 | | | 问题 1：请问公司如何在精密制造领域形成独特的护城河优势？ 答：护城河优势不是一天建成的，我们在投入任何一个行业之前， 都会去做沙盘推演，并判断 ...

Group 1: Company Overview and Achievements - The company is the only one in China capable of large-scale production of metamaterials, with a comprehensive platform covering the entire supply chain [5] - Metamaterial-related revenue has grown nearly 11 times over six years from 2018 to 2024 [5] - The company has established eight subsidiaries to enhance the supply chain capabilities [5] Group 2: Technical Challenges and Developments - The production of metamaterials faces systemic challenges, requiring coordination across the entire supply chain [2] - The company has developed a complex product structure that integrates 36 functionalities and involves 1917 performance indicators [2] - Future technical iterations will focus on enhancing design complexity, process technology, and overall supply chain capabilities [2] Group 3: Market Applications and Challenges - The company is pushing for the application of metamaterials in civilian sectors like smart vehicle testing and drones [3][4] - Current focus remains on aerospace applications due to high demand, with plans to expand into civilian markets as standards are established [4] Group 4: Financial Metrics and Projections - In Q1 2025, the company reported cash flow from sales of 489 million yuan [7] - R&D expenses for 2024 and Q1 2025 were 96.15 million yuan and 19.08 million yuan, representing 6.17% and 5.13% of total revenue, respectively [10] Group 5: Collaborations and Innovations - The company collaborates with top universities and research institutions for project research and talent development [8] - It has transitioned to fully digital and intelligent operational management, enhancing production efficiency through AI technologies [9]

Group 1: Production and Operational Performance - In April 2025, the company achieved a pig farming market entry rate of approximately 93%, with a record high of piglets introduced in a single month [1] - The comprehensive cost of pig farming decreased to 6 CNY/kg in April 2025, with a quarter-on-quarter reduction of 1.3 CNY/kg compared to the same period in 2024 [4][5] - The chicken farming market entry rate was 95% in April 2025, with a feed-to-meat ratio reduced to 2.79 [1][2] Group 2: Financial Health - As of April 2025, the company's asset-liability ratio decreased to around 50%, indicating a strong financial position [3] - The company has implemented 14 cash dividend distributions since its listing in 2015, totaling 28.1 billion CNY, with a cash dividend rate of 60% [10] Group 3: Cost Reduction Strategies - Market factors (such as raw material prices) accounted for approximately 40% of the cost reduction, while non-market factors (like production performance improvements) contributed about 60% [4] - Future cost reduction will focus on enhancing breeding capabilities, reducing feed-to-meat ratios, and improving labor efficiency [5] Group 4: Industry Trends and Competition - The pig farming industry is shifting from capital expansion to cost competition, indicating a transition from growth to sustainability [6] - The company remains optimistic about the future of the Chinese native chicken market, emphasizing its irreplaceable position in consumer preferences [8] Group 5: Organizational Changes - Recent organizational reforms in the poultry business aim to enhance management efficiency and align with market demands [8] - The restructuring includes the establishment of new operational departments to streamline processes and improve competitiveness [8]

证券代码：300952 证券简称：恒辉安防 江苏恒辉安防股份有限公司 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） 形式 现场 ☐网上 ☐电话会议 参与单位名称及 人员姓名 东北证券：濮阳、唐凯 华福证券：汪俊哲、鲁星泽 华鑫证券：罗笛箫 林锐基金：姬永锋 惠畅资本：冯越 硬球管理咨询：牛国浩 东方马拉松基金：金澳凯 云岫资本：葛洪 上海尚颀投资：宋明 华泰证券：施舒舒、刘浩 Super：管祺 开源证券：高汇鹏 时间 2025年5月23日 地点 公司会议室、展厅 上市公司接待人 员姓名 副总经理、董事会秘书：张武芬 证券事务代表：林旭金 投资者关系活动 公司于2025年5月23日，通过现场会议座谈及参观的形式与部分机构 投资者、券商研究员进行深入交流，会议不涉及应披露的重大信息。 本次活动主要沟通内容如下： | 主要内容介绍 | 1、公司目前安防手套订单如何？以及二季度订单整体情况？ | | --- | --- | | | 回复： | | | 公司生产运营态势稳健向好,目前在手订单符合预期。4月份受美国 | | ...

Group 1: Company Overview and Recent Developments - Shenzhen Dash Smart Co., Ltd. has signed a contract worth approximately CNY 120 million for intelligent system integration services with a well-known domestic commercial bank [2] - In March 2025, Dash Smart further signed a contract exceeding CNY 20 million for a digital platform [2] Group 2: Key Reasons for Client Selection - Deep understanding of intelligent systems and continuous service capability, as Dash Smart has implemented the intelligent system for the bank's headquarters, covering multiple complex subsystems [2] - Leading AI integration and innovation capabilities, being the first in the industry to deeply integrate AI large language models with IoT platforms, providing practical applications such as AI smart office and AI smart customer service [2] - Solid integration delivery and service capabilities, having delivered over 3,000 large and medium-sized projects in enterprise parks, ensuring timely response and continuous collaborative innovation based on client needs [3] Group 3: Client Trust and Cooperation - Dash Smart has earned the long-term trust and continuous cooperation of the client due to its three main advantages: deep understanding of systems, innovative AI capabilities, and robust delivery services [3]

Group 1: Strategic Focus - The company's strategic focus for 2025 is on overseas markets, which account for approximately 75% of its business, and cornerstone business segments that contribute about 90% of revenue [1] - New business segments primarily target domestic customers, with ongoing efforts to develop overseas markets in molecular business and gene cell therapy [1] Group 2: Market Presence and Operations - The company does not have separate operational entities in Japan and South Korea but has business development efforts in these markets, which have shown promising growth since 2024 [2] - The Slovenia R&D and production base serves global clients, with a core customer base primarily from Europe [2] Group 3: Order and Delivery Insights - The average order delivery cycle ranges from 3 to 18 months, depending on project requirements, with no significant seasonal delivery patterns [2] - Specific data on Q1 2025 orders was not disclosed due to reporting constraints [2] Group 4: Financial Performance and Projections - The revenue from the formulation business declined by 40% in Q1 2025, primarily due to project delivery timing [3] - The company's gross margin is in a recovery phase, with the core business segment of small molecule APIs maintaining a gross margin of approximately 33% in 2024 [3] - The company aims to enhance revenue scale and introduce more high-value projects to optimize product structure and improve operational efficiency for sustained gross margin recovery [3]

证券代码：301501 证券简称：恒鑫生活 合肥恒鑫生活科技股份有限公司 投资者关系活动记录表 3、公司对美贸易，目前征收的关税是多少？泰国工厂的投产， 其成本与国内相比，是低还是高？ 尊敬的投资者，您好！关税情况，您可以参照《中美日内瓦经贸 会谈联合声明》相关内容，公司也在时刻关注相关信息；公司泰国生 产基地于 2025 年 4 月份开始投产，目前生产经营正常，目前正处于 产能快速爬坡阶段，短期产能爬坡阶段的固定成本分摊及效率波动可 能造成泰国生产基地的生产成本高于国内生产成本。但随着产能爬 坡、生产效率提升等，逐步释放规模效应。同时，公司通过成本控制、 效能优化、提升智能制造水平等方式降本增效，减少相应的成本压力； 公司始终密切关注原材料市场价格变化趋势，多举措降低原材料对产 品成本的影响。感谢您对公司的关注！ 4、公司除了现有产品之外，是否涉及膜袋生产方面？ 尊敬的投资者，您好！公司暂未考虑膜袋业务领域方面。感谢您 对公司的关注！ 5、公司与其他竞争对手的区别有哪些？ 尊敬的投资者，您好！公司凭借全流程加工生产能力，纸制品和 塑料制品相结合、产品种类丰富，可降解餐饮具生产、研发技术能力， 内外贸相互补充 ...

Financial Performance - The company achieved an operating revenue of CNY 6.14 billion in 2024, representing a year-on-year growth of 8.7% [1] - Due to a full provision for litigation-related liabilities of CNY 3.76 billion, the net profit attributable to shareholders experienced a significant loss; excluding this factor, the net profit after deducting non-recurring items was CNY 200 million, a year-on-year increase of 102% [1] - The narrowband business grew steadily by 13%, while growth-oriented businesses, including public-private integration and broadband, saw an overall increase of 24% [1][2] Market Position and Strategy - The company secured approximately 60% market share in the domestic specialized communication sector, solidifying its leading position [2] - In overseas markets, stable growth was observed in the Belt and Road regions, while the European and American markets remained flat [2] - The company is actively expanding its overseas market presence, focusing on major projects and key areas [3] Business Development - The company has achieved the top market share in the public safety sector and emergency specialized networks [4] - It is also developing solutions in various industries, including rail transportation, energy, and petrochemicals, providing tailored communication solutions [4] - The company has successfully completed several major projects, including communication upgrades for public safety departments in Brazil and Iraq [3][4] Cash Flow and Financial Stability - The operating cash flow net amount for 2024 was CNY 623 million, which, when excluding litigation-related impacts, would be approximately CNY 1 billion [7] - Investment cash flow was negative CNY 419 million due to increased cash payments for fixed assets and other long-term assets [7] - Financing cash flow was negative CNY 382 million, primarily due to the repayment of company bonds and bank loans [7] AI and Technology Integration - The company is integrating AI technology into its intelligent dispatch business, enhancing product capabilities and optimizing operational efficiency [8] - A new dual-mode AI model has been developed, which is being applied in various provincial administrative regions and emerging markets [8] - The company is also exploring the combination of AI with specialized networks to enhance operational capabilities [15] Future Outlook and Strategic Planning - The company aims for stable growth in overall revenue and main business profits, focusing on innovation and digital marketing [14] - It plans to expand its specialized communication business and enhance its AI capabilities to tap into future growth opportunities [15] - The company is actively pursuing the development of its own chips to improve performance in specialized communication [18] Legal and Market Concerns - The company has fully provisioned for expected liabilities related to ongoing litigation with Motorola, which has impacted its financial results [16] - Despite recent poor performance in the secondary market, the company maintains that its operational status is normal and will disclose significant matters as required [17][22]

Company Overview - Shandong Xiantan Co., Ltd. was established in June 2001 and listed on the Shenzhen Stock Exchange on February 16, 2015 [2] - The company has developed a complete industrial chain covering feed production, parent stock breeding, chick hatching, broiler breeding, slaughtering and processing, and prepared food processing [2] Financial Performance - In 2024, the company achieved operating revenue of CNY 529,068.93 million, operating profit of CNY 26,225.80 million, total profit of CNY 25,459.87 million, and net profit attributable to shareholders of CNY 20,614.65 million [3] - The gross margin for chicken products increased by 1.46% compared to the previous year, while the gross margin for prepared dishes increased by 0.91% [3] Project Development - The Chuzhou project aims for an annual output of 120 million broilers and is part of a rural revitalization model [4] - As of now, 27 broiler farms have been put into production, with 12 more expected to be operational this year [4] - The project is expected to achieve a slaughter volume of 250-270 million chickens and a meat processing capacity of 700,000 tons upon full completion [4] Profitability Enhancement - The company focuses on optimizing the entire industrial chain, enhancing feed formulas, improving production performance, and implementing refined operational management to increase profitability [5] - Investment in prepared dish product development and establishing a marketing platform to enhance product value and create new growth points [5] Prepared Dishes Revenue - The prepared dishes project has seen steady progress, with a revenue of CNY 37,394.49 million in 2024, representing a 42.02% increase from the previous year [6] Sales Channel Expansion - The company is diversifying its sales channels beyond traditional markets to include chain restaurants, group meals, convenience stores, and online platforms [7] - Establishment of a subsidiary in Shanghai to focus on innovative product development and network marketing [7][8] Market Outlook - Chicken meat is increasingly favored for its health benefits, with rising demand driven by health-conscious consumers [9] - The consumption of chicken is expected to increase as younger generations prioritize convenience and health in their food choices [9] Profit Distribution - The company approved a profit distribution plan at the 2024 annual shareholders' meeting, with a total cash dividend of CNY 215,134,681.75, accounting for 104.36% of the net profit attributable to shareholders [10] Breeding Model - The company employs a "company + self-raising farm + farm" cooperative breeding model, ensuring quality control and effective management of the breeding process [11][12]

证券代码：000566 证券简称：海南海药 海南海药股份有限公司 口服 2.5-25 mg 派恩加滨片后，药物迅速吸收，并 迅速生成代谢产物，两者均在达峰后快速分布，随后缓慢 消除。派恩加滨极少以原型形式从尿液中排泄，少量以代 谢产物形式从尿液排泄。食物影响研究显示食物会延长派 恩加滨及其代谢产物的 Tmax，但对于派恩加滨及其代谢 物的 PK 暴露量影响较小。 安全性情况：研究中无受试者发生 DLT、不良事件通 用术语标准(CTCAE)≥3 级的 TEAE、导致死亡的 TEAE、 严重给药期间不良事件(STEAE)和导致退出研究的 TEAE 或特别关注的不良事件(AESI)。 3、派恩加滨 Ib 期临床研究药代动力学结果和安全性 结果？ 回复：健康成年受试者口服派恩加滨后，可以迅速生 成代谢产物，多次剂量递增试验日总剂量 10mg~15mg 剂量 范围内派恩加滨以及代谢产物在连续用药 8-9 天后，其血 药浓度均已处于稳态，血药浓度及暴露量均随着剂量的增 加而逐渐提高。 所有受试者均未发生 SAE、SADR、>3 级的 TEAE 及 ADR、 导致退出试验的 TEAE 及 ADR。 4、派恩加滨Ⅱa 期疗效 ...