证券代码：300835 证券简称：龙磁科技 安徽龙磁科技股份有限公司 投资者关系活动记录表 编号：T2025-008 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） 参与单位名称 及人员姓名 线上参与公司2025年半年度业绩说明会的全体投资者 时间 2025年09月10日 15:00-16:30 地点 价值在线（https://www.ir-online.cn/）网络互动 上市公司接待 人员姓名 董事、总经理 熊咏鸽 董事会秘书、副总经理 冯加广 独立董事 左毅 财务总监 卢玉平 投资者关系活 动主要内容介 绍 1.您好，熊总公司近期调研受关注，请问公司最近3-5年战略规划是怎么样的， 如何做大做强主业，同时布局在先进的新质生产力，比如人型机器人等 答:您好! 公司最近3-5年战略规划主要包括以下几个方面： 1.永磁板块，提升永磁铁氧体湿压磁瓦产能规模至6万吨，优化产品结构，提升 毛利率水平。 2.软磁板块，公司将全面推进泰国软磁工厂的建设，加大芯片电感市场开拓力度， 打造新的产业支柱，积极推动软 ...

Group 1: MLED Market Outlook - The global market size for Mini LED direct display is expected to reach billions of dollars by 2028, with a compound annual growth rate (CAGR) of approximately 40% from 2024 to 2028 [2] - Domestic MLED manufacturers are actively expanding production, indicating a strong growth trajectory for the MLED industry [2] - The company has launched core detection equipment and integrated circuits for MLED, enhancing production efficiency and display quality [3] Group 2: Overseas Market Performance - In 2024, overseas revenue grew by 32.03% compared to 2023, accounting for 19.10% of total revenue [4] - In the first half of 2025, overseas revenue increased by 21.31% year-on-year, with an overseas revenue share of 22.89% [4] - The company has established a comprehensive overseas sales system and a broad partner network, positioning for sustained growth in international markets [4] Group 3: Product Applications in AR/VR - MLED technology is expanding from professional to consumer markets, with applications in virtual shooting, naked-eye 3D, and meetings [4] - The company is actively exploring high-value potential applications in the AR/VR glasses sector [4] Group 4: Talent Management Strategies - The company focuses on leveraging existing talent and recruiting industry experts, implementing comprehensive incentive measures [4] - A systematic optimization of internal training and development is in place, offering diverse career paths for employees [4] - An effective performance evaluation and incentive mechanism has been established to foster a culture of value distribution based on effort [5]

Group 1: Company Growth and Market Position - The company ranks third in the 2024 SATA total capacity according to IDC data, and first among domestic brands [2] - The enterprise-level PCIe SSD and RDIMM products have begun mass import into leading domestic enterprises [2] - The company has achieved over 80 million units of its main control chips deployed by the end of July, with rapid growth in deployment scale [5] Group 2: Product Development and Technology - The SOCAMM2 product, designed for high-performance computing (HPC), offers breakthrough energy efficiency in bandwidth and power consumption [3] - The UFS4.1 product, equipped with self-developed main control chips, achieves sequential read/write speeds of 4350MB/s and 4200MB/s, and random read/write performance of 630K IOPS and 750K IOPS, significantly outperforming mainstream market products [4] - The TCM (Technology Contract Manufacturing) model is supported by comprehensive service capabilities from chip R&D to packaging and testing, with successful collaborations already established [4] Group 3: Market Trends and Pricing - The semiconductor storage market has shown substantial recovery since March 2025, driven by increased AI server shipments and higher storage capacities in mobile devices [6] - Third-party market forecasts indicate that storage product prices in the server and mobile sectors will continue to have upward momentum in Q3 [6]

Group 1: Market Position and Competition - The company operates in a fragmented market with numerous competitors, including multinational corporations, domestic leaders, and small-scale producers [2][3] - The company has become one of the leading domestic enterprises in the polymer modified protective materials industry, with product technology and service capabilities comparable to foreign competitors [3][4] - The company's direct competitors are mainly multinational and domestic leading enterprises [3] Group 2: Product Performance and Pricing Strategy - The company's self-rolling protective sleeve has an impact resistance performance of 65J, classified as E-level, while foreign competitors have a performance of 50J [3] - The pricing strategy is determined through negotiations with downstream customers based on industry conditions, competition, and procurement scale [3] Group 3: Competitive Advantages and Barriers - Competitive advantages include technological and R&D capabilities, vertical integration, and a strong customer resource base [3][4] - Industry barriers consist of technological, qualification certification, scale, and talent barriers [3] Group 4: Raw Materials and Cost Structure - Main raw materials include PET, PA, PP, PE, and others, with material costs accounting for 65.20% of the main business costs in the first half of 2025 [3][4] - Raw material prices are influenced by fluctuations in upstream oil and copper prices [3] Group 5: Emerging Markets and Applications - The humanoid robot industry presents new application scenarios for the company's products, although current projects are still in testing and validation stages [4] - The company has established connections with well-known clients in the humanoid robot sector, but specific names cannot be disclosed due to confidentiality agreements [4] Group 6: International Expansion - The company has invested in Mexico with a total investment of $1 million, including an additional $600,000 this year [4] - Plans for further international expansion include potential investments in Morocco and Southeast Asia based on customer demand [4] Group 7: Revenue and Growth - The company's revenue from the automotive industry accounts for approximately 68%, with overall revenue growth of 31.67% year-on-year in the first half of 2025 [5] - Revenue contributions from engineering machinery and communications electronics are also growing, with respective year-on-year increases of 14% and 32% [5]

Group 1: Technology Innovation and R&D Focus - The company emphasizes technology innovation as a core driver of development, establishing a technology innovation system centered on collaboration with research institutions and universities [2][3] - Future R&D investments will focus on two main themes: green technology and smart solutions, including the development of high-performance catalysts and hybrid treatment systems [3][4] Group 2: Sustainable Development Initiatives - The company adheres to environmental regulations and actively implements measures to reduce emissions, achieving a green electricity usage rate of 20.38% [3][4] - Social responsibility initiatives include providing employment opportunities for disadvantaged groups and supporting local economic development [3][4] Group 3: Future Growth Drivers - Growth will be driven by expanding green and smart business themes, enhancing environmental technology innovation, and developing new energy businesses [5][6] - The company plans to strengthen its position in the light-duty diesel engine after-treatment market while also entering the electric and methanol-powered vessel sectors [5][6] Group 4: Risk Management Practices - The company has implemented innovative risk management practices, including foreign exchange risk assessment and the establishment of a robust internal control system [6][7] - A financial derivatives management system has been created to mitigate operational risks associated with business expansion [6][7] Group 5: Digital Transformation and Smart Manufacturing - The company is actively pursuing digital transformation by enhancing cloud computing and smart computing services, and optimizing supply chain management [7] - Collaboration with universities and research institutions is emphasized to support talent development for digital initiatives [7]

Group 1: Company Performance - In the first half of 2025, COFCO Capital achieved total revenue of CNY 4.893 billion and a net profit of CNY 1.314 billion, with net profit attributable to shareholders amounting to CNY 848 million [1] - COFCO Capital aims to become a leading comprehensive financial platform with a focus on serving the main business of COFCO Group, targeting specific goals for its business lines [1][2] Group 2: Business Strategies - COFCO Capital is implementing a four-category integrated financial service model focusing on national food security and COFCO Group's core business, including risk management, insurance, financing services, and rural support [2] - The company is enhancing its supply chain financial services, with rapid growth in the scale of supply chain finance and effective implementation of entrusted loan services [2] Group 3: Insurance Sector Focus - China-UK Life Insurance is committed to becoming a top joint venture life insurance company in China, with a focus on customer needs and core areas, emphasizing health, retirement, wealth, and inheritance [3] - In the first half of 2025, China-UK Life Insurance reported premium income of CNY 14.268 billion, a year-on-year increase of 31%, indicating strong business growth momentum [3] Group 4: Investment Performance - As of June 2025, COFCO Capital achieved a financial investment return rate of 2.27% and a comprehensive investment return rate of 4.32%, reflecting a commitment to quality investment [4]

Group 1: Company Overview - The main business segments of Nar Holdings include digital printing materials (51% of revenue), automotive functional films (43%), and electronic and optical films (approximately 6%) [2] - The company's strategy focuses on "new materials and new energy" as dual drivers for growth, emphasizing market share expansion and supply chain depth [2] Group 2: Financial Performance - In the first half of 2025, Nar Holdings achieved revenue of 972 million, a 4.10% increase year-on-year, and a net profit of 114 million, reflecting a 79.15% growth [3] - The company’s earnings per share stood at 0.4 yuan, supported by investment gains from the sale of equity in a subsidiary and improved efficiency in core operations [3] Group 3: Product Characteristics and Competitive Advantages - Nar PPF, the high-end paint protection film brand, utilizes proprietary fifth-generation hydrogen bond coating technology, offering high hardness, scratch resistance, and self-healing capabilities [4] - The company has established a comprehensive marketing service network across China, with over 200 brand agents, ensuring robust customer support and service [7] Group 4: Revenue Structure and Market Presence - In the first half of 2025, domestic revenue was 480.3 million, while overseas revenue reached 491.8 million, indicating a stable revenue structure compared to 2024 [5] - Nar Holdings exports products to over 100 countries and regions, collaborating with numerous international brands, which enhances its market presence [7] Group 5: Market Trends and Future Outlook - The automotive functional film sector is experiencing significant growth due to the rise of electric vehicles and increasing consumer demand for protective films in the automotive market [8] - The company maintains a leading position in the industry, with stable gross margins across different product segments, supported by effective cost management and production adjustments [9]

Group 1: Market Management and Investor Relations - The company has established a market value management system focusing on internal performance improvement and enhanced investor relations management [1][2] - Plans to improve communication with investors through various channels, including performance briefings and interactive platforms, to boost transparency and investor confidence [2][3] Group 2: Business Growth and Regional Development - The company aims to increase market share by exploring niche market demands and expanding service capabilities across different regions [3][4] - The Northeast region accounts for nearly half of the company's revenue, prompting efforts to enhance revenue from other regions through targeted strategies [3][4] Group 3: Technology and R&D Investment - As of June 30, 2025, the company has 508 R&D personnel, accounting for 20.84% of the workforce, with 129 patents and 210 software copyrights [6][12] - R&D investment in the first half of 2025 reached 13.79 million yuan, a 23.27% increase from the previous year, focusing on communication technology and smart dining products [8][12] Group 4: Smart Dining Business Challenges - The smart dining segment has faced a decline in revenue due to macroeconomic pressures and increased competition [5][15] - The company plans to enhance product competitiveness through R&D and by focusing on core customer value and new market expansion [5][15] Group 5: International Expansion and Strategic Partnerships - The company has established a subsidiary in the Philippines to enhance its international business presence and is exploring opportunities in emerging markets [10][11] - Future plans include leveraging 5G technology and the Belt and Road Initiative to expand international operations and strengthen partnerships with global telecom operators [10][11] Group 6: Product Integration and Service Offerings - The company provides integrated solutions for government and enterprise digitalization, focusing on comprehensive service offerings in the information technology sector [7][8] - The smart dining product line has evolved into a personal nutrition health system, integrating AI for real-time health monitoring and data analysis [15][16]

Financial Performance - In the first half of 2025, the company achieved nearly 7 times profit growth, but operating cash flow decreased by 1488% year-on-year, raising questions about the sustainability of this trend [1] - As of June 30, the company had an order backlog of 2.2 billion yuan, including large contracts with state-owned banks and leading internet companies, which will alleviate future funding pressure as they reach payment conditions [2] Revenue Breakdown - Internet industry revenue grew by 152.87% year-on-year, accounting for over 50% of total revenue, while traditional financial software solutions saw declines in both revenue and gross margin [3] - The company has not undergone a strategic transformation; instead, it continues to expand its client base across various industries, including finance and internet [4] Business Strategy - The company remains committed to the financial sector while actively exploring opportunities in the internet and tobacco industries, serving 26 provincial rural commercial banks and over 100 city commercial banks [5] - IT infrastructure construction is not solely a "heavy asset, low margin" business; it encompasses AI computing servers, data center solutions, and value-added services, with a positive outlook for growth in both internet and banking sectors [6] Challenges and Funding - The expansion of IT infrastructure construction has led to increased inventory and short-term loans, but the company maintains stable cash flow from reputable clients [7] - The company raised 245 million yuan through a simplified procedure for issuing shares in September 2023, indicating no immediate plans for further capital market financing [8] R&D Focus - R&D investment decreased by 40% year-on-year, prompting concerns about sacrificing long-term technology for short-term performance; however, the company is increasing R&D efforts [9] - Future R&D will focus on customer-driven IT solutions, industry-specific applications, and AI-based products [9] Market Position - The company’s business model and expansion strategy differ from peers, maintaining a focus on IT infrastructure and software solutions without a strategic pivot [10]

Group 1: Company Performance - The company's machine vision lens revenue for H1 2025 reached 24.725241 million CNY, accounting for 1.75% of total revenue, a 51.7% increase from 16.298575 million CNY in the same period last year [2] - The automotive business revenue for the company was 163.5776 million CNY as disclosed in the H1 2025 report [3] Group 2: Product Structure and Applications - The main products of the company include optical lenses and optical glass, applied in security, automotive, smart home, consumer electronics, and machine vision sectors [3] - For L2++ and above configurations, a typical vehicle requires approximately 12 lenses, with an estimated lens value of around 250 CNY per vehicle [3] Group 3: Future Growth and R&D - The company is increasing R&D and production capacity for smart driving products, including vehicle-mounted lenses and optical components for laser radar [3] - The non-spherical glass lens business is expected to grow rapidly, with applications in automotive, action cameras, panoramic cameras, drones, and AI glasses [3]