答：尊敬的投资者，您好！ 长期以来，公司积累了重要的行业上 下游领域的供应商和客户资源，采购、销售业务触及中国（含港、 台地区）、欧美、日韩和东南亚等国家。感谢对公司您的关注。 证券代码：301329 证券简称：信音电子 信音电子(中国)股份有限公司投资者关系活动记录表 编号：2025-003 | | 特定对象调研 ☐ | 分析师会议 ☐ | | --- | --- | --- | | | 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（"苏州上市公司投资者集体接待日"活动） | | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2025年12月2日 | 15:30-17:00 | | 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参与"苏州上市公司投资者集体接待日"活 | | | 动 | | | | 上市公司接待人 员姓名 | 副总经理兼董事会秘书 | 曾赐斌 | | | 投资者提出的问题及公司回复情况 ...

Group 1: Financial Performance - The company achieved a revenue of 30 billion in Q3 2025, aiming for a target of 60 billion by the end of the year [1] - The sales net profit margin decreased from 8.79% in 2021 to 1.31% in 2024, indicating a decline in profitability despite revenue growth [3] - The weighted return on net assets fell from 10.06% to 2.49% over the same period, reflecting challenges in maintaining profitability [3] Group 2: Product Development and Market Strategy - The company is actively working on the mass production of third-generation semiconductor products, responding to market demand [1] - The company has achieved a 10% silver content in its silver-copper products, maintaining a technological edge in the photovoltaic slurry industry [3] - The company is exploring potential collaborations in the electric vehicle sector, leveraging its existing product advantages [2] Group 3: Investor Relations and Future Outlook - The company is enhancing investor communication and engagement through various activities to build investor confidence [3] - The current capital increase plan is under review by the exchange, with no specific timeline for completion provided [2] - The company is committed to optimizing product structure and enhancing competitiveness to improve overall profitability and shareholder returns [3]

Group 1: Market Expansion Strategies - The company has actively seized market opportunities in emerging fields such as renewable energy, water conservancy, wind power, and marine engineering, focusing resources on high-potential areas to achieve rapid growth [2][3] - Participation in major infrastructure projects has helped to consolidate and enhance brand influence [2] Group 2: Product and Process Innovation - The company has developed high-value new products, such as ultra-long and large-diameter prefabricated piles, improving adaptability and competitiveness in complex engineering environments [3] - Innovations in production processes include the use of high-activity admixtures and energy-saving techniques, which have effectively reduced energy consumption during the maintenance phase of pile production [3][4] Group 3: Capacity Optimization and Regional Response - The company is enhancing capacity layout by focusing on "quality improvement of existing capacity and optimization of new capacity," aiming to improve rapid response and service capabilities in key regions [4] - New production bases in Taizhou and Huizhou are expected to enhance the company's capacity layout in the Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area, allowing for quicker market response and reduced logistics costs [4] Group 4: Research and Development Achievements - Recent breakthroughs in pile technology have significantly improved product competitiveness, including the development of cost-effective solid piles with high load-bearing capacity [5] - The company has established a market-driven R&D innovation system to ensure that research activities align closely with business development and market competition [5] Group 5: Talent Development and Retention - The company emphasizes a "people-oriented" talent philosophy, implementing a comprehensive incentive system to stimulate innovation among R&D personnel [5] - A dual-channel promotion mechanism has been established to provide clear career growth paths for R&D staff, ensuring long-term talent support for maintaining the company's technological leadership [5]

Group 1: Company Overview and Business Focus - The company specializes in precision structural components and modules for consumer electronics and automotive parts, including in-vehicle central control screens and structural components for both traditional and new energy vehicles [1][2]. - The automotive parts business is a key focus area, with stable growth and an aim to increase market share [2]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of CNY 2.626 billion, a year-on-year increase of 1.11% [3]. - The net profit attributable to shareholders was a loss of CNY 73.0963 million, a decline of 155.17% year-on-year, while the net profit excluding non-recurring gains and losses was a loss of CNY 95.3541 million, reducing the loss by 29.30% [3]. Group 3: Key Drivers and Challenges - The improvement in gross margin is attributed to ongoing optimization of product structure and internal cost control measures [1]. - The main drivers for revenue growth in Q3 were stable performance in the consumer electronics sector and steady growth in the automotive parts sector [1][2]. Group 4: Research and Development - The company’s R&D investments are accounted for according to relevant accounting standards, impacting current profits based on applicable conditions [2]. - The company is actively engaged in the development of composite copper foil products, with some small orders already received and ongoing collaboration with leading enterprises [4]. Group 5: Future Outlook and Strategic Initiatives - The company plans to continue developing new products and businesses while enhancing operational management [3]. - There are no current plans for major asset restructuring or acquisitions, and the company is not at risk of being flagged for ST (special treatment) status [4].

Group 1: Market Position and Product Development - The company is focusing on mainstream industries such as coatings, automotive paint, wood coatings, and industrial paints for HDI-related products [2] - Emerging applications in polyurethane new materials are a key area of focus, with ongoing technical innovations in specialty isocyanates [2] - The company has 8,000 tons of production capacity for foamed TPU, with a projected annual capacity of 10,000 tons for a new project under construction [3] Group 2: Customer Validation and Market Dynamics - The validation period for specialty isocyanates varies by application and customer type, with high-end automotive paint taking about 6 months, while industrial and wood coatings have shorter validation times [2] - Larger clients and foreign manufacturers typically have longer supplier onboarding processes compared to smaller domestic companies [2] Group 3: Competitive Advantage and Financial Outlook - The company's core competitiveness lies in the ability to provide differentiated products at low costs, leveraging its supply chain advantages [4] - The fourth-quarter performance is influenced by market demand, raw material prices, and operational factors, with specific results to be detailed in the annual report [5]

Group 1: Financial Performance - The company's cash and trading financial assets at the end of the period have significantly increased, indicating strong financial strength and stability [2] - Future fund utilization will focus on core businesses such as data centers and AI computing infrastructure, while ensuring operational cash flow safety [2] - The company aims to optimize its dividend policy to enhance shareholder returns and achieve a win-win situation for company value and shareholder interests [2] Group 2: Asset Management - The cash inflow from the disposal of fixed and intangible assets in Q3 2025 is part of normal business management and not related to a transformation strategy [3] - The company has implemented measures for accounts receivable management, including customer credit grading, monitoring and early warning systems, and regular account reconciliation [3] Group 3: Profit Stability - The positive impact of non-operating income from government subsidies and fair value changes on net profit is noted, but future profit stability will not rely on these non-operating factors [3] - The company's future profitability will depend on core business competitiveness, market demand, and operational efficiency [3] Group 4: Risk Management - The company has established a credit assessment system for differentiated credit policies and limits for different customers [3] - Continuous optimization of risk control mechanisms for accounts receivable will be pursued to promote business while strictly managing risks [3]

Group 1: Financial Performance - The company's net profit increased by 130.46%, primarily driven by strong performance in the consumer electronics and new energy sectors [2] - The increase in inventory by 176.99% indicates expectations of future market demand, supported by existing orders [3] - Operating cash flow decreased significantly by 144.59% in Q3, attributed to increased orders leading to higher inventory and payment for materials and salaries [5] Group 2: Business Segments - In the consumer electronics sector, the company is preparing for mass production of smart glasses for Meta, with expected significant order growth next year [2] - The new energy sector is benefiting from customer expansion plans, with anticipated continued order growth in lithium battery testing [2] - The company is also exploring solid-state battery testing equipment, with initial projects already underway [3] Group 3: Strategic Plans - The company is actively seeking mergers and acquisitions to extend its main business and achieve synergistic development, while being cautious and considering various factors [5] - There is a focus on maintaining relationships with existing clients in the new energy sector, particularly CATL, while also monitoring other potential clients [4] - The joint venture with Dongguan Hongli Yourong Technology Co., Ltd. aims to develop and promote new battery materials and systems [6]

Group 1: Company Overview - Dongtian Micro specializes in the R&D, production, and sales of precision optical components, excelling in optical design, coating, molding, and precision processing [2] - The company's products are widely used in optical imaging and optical communication applications [2] Group 2: Product Development and Market Position - The company's aspheric products are key offerings, leveraging advanced optical design and manufacturing capabilities, with ongoing R&D in glass molding technology [3] - The spin-coated optical filters have seen stable growth since mass production began in 2023, becoming a significant contributor to the imaging business, particularly in the mid to high-end smartphone market [3] - The company holds a major share in the domestic Android smartphone market for spin-coated filters, with substantial future market potential due to ongoing upgrades in smartphone imaging technology [3] Group 3: Production Capacity and Supply Chain - The optical isolator, essential for preventing reverse interference in optical signals, has completed its product line setup and is now in mass production, effectively meeting customer demand [4] - The supply chain for Faraday rotators, a core component of optical isolators, is currently tight due to increased demand for high-speed optical modules, with the company monitoring raw material market changes closely [5] - The company is actively expanding production capacity, with ongoing construction of the Nanchang production base and procurement of new equipment to support business growth [7] Group 4: Future Outlook - The company aims to focus on its core business of precision optical thin-film components, capitalizing on opportunities in smartphone optical innovation and expanding market share [7] - The optical communication business is entering a performance release phase, with a product matrix that includes optical isolators and WDM filters, driven by the growing demand for high-speed optical modules due to AI and data center developments [7]

Group 1: Company Overview and Investor Relations - The company is Suzhou Tianlu Technology Co., Ltd., with stock code 301045 and stock abbreviation Tianlu Technology [1] - The investor relations activity took place on December 2, 2025, via the "Investor Relations Interactive Platform" [2] Group 2: TAC Film Project Progress - The TAC film project has completed the procurement of major production equipment, with the factory construction nearing completion [3][5][8] - Major equipment is expected to arrive in the first half of 2026 [4][5][8] Group 3: Financial Performance and Challenges - The company's net profit for the first three quarters of 2025 was 25.27 million yuan, a year-on-year increase of 26.56% [10] - Revenue for the same period declined due to the downstream panel industry's performance and the company's strategy to optimize production [10] - The negative profit for minority shareholders is attributed to the construction phase of the subsidiary Anhui Jiguang, which has not yet generated revenue [6] Group 4: Research and Development Focus - R&D expenses have slightly increased, focusing on optical materials and TAC film technology [7] - Successful development of prism-type light guide plate technology has improved display panel brightness by 5%-12% without increasing energy consumption [7] Group 5: Market and Stock Performance - The company is aware of its stock price decline and is considering market management strategies [11][22] - As of November 28, 2025, the number of shareholders was 8,742 [13]

Financial Performance - The net profit attributable to shareholders for Q3 reached ¥366,544,680.87, a significant increase of 689.81% compared to ¥46,409,115.10 in the same period last year [2][3] - The non-recurring profit from fair value changes of Jiangsu Fanya Micro-Transparent Technology Co., Ltd. stock contributed ¥282,689,646.14 to pre-tax profit [3] - The net profit excluding non-recurring items was ¥99,833,101.06, up 13.44% from ¥88,002,864.73 in the previous year, primarily driven by increased sales revenue [3] Valuation and Capital Operations - The company emphasizes a fundamental approach to valuation, focusing on improving operational quality and long-term value [4] - Current market valuation is influenced by macroeconomic factors, industry cycles, and market sentiment, leading to volatility [4] - There are no undisclosed major capital operation plans at present, with a commitment to compliance and shareholder interests [4] Investment Projects - The progress of fundraising projects includes the ball screw assembly, which is primarily used in automotive control systems, with some equipment already in use and generating stable sales [5] - The overall implementation timeline for fundraising projects is three years [5] Customer Expansion - The company adopts a market-oriented approach, continuously optimizing customer acquisition mechanisms [7] - Current customers span multiple sectors, including new energy vehicles, commercial vehicles, industrial robots, and reducers [7] Competitive Advantages - The company maintains a strong R&D capability and offers efficient, flexible service, enhancing product market leadership [8] - Continuous cost reduction and efficiency improvements are aimed at providing cost-effective products, thereby enhancing brand value [8]