Group 1: Company Overview and Market Context - Giant Star Technology's revenue from the U.S. market accounts for approximately 65% of total revenue, with part of the products shipped from China and Southeast Asia [2] - The company has around $100 million in production capacity in the U.S. [2] - The new tariffs have resulted in cumulative tariffs of 79% on tool products exported from China to the U.S., while Vietnam, Thailand, and Cambodia face tariffs of 46%, 36%, and 49% respectively [2][3] Group 2: Impact of Tariffs - The tariffs are expected to increase manufacturing costs in the U.S., leading to inflation and overall cost increases across the industry [2] - The company anticipates that the new tariffs will not significantly impact the overall market size, despite potential price increases and decreased sales volume [3] - The company plans to absorb some of the tariff costs through price increases, particularly for OBM products, which are currently subject to a 79% tariff [3][4] Group 3: Strategic Opportunities - The company sees opportunities arising from the demand for maintenance and repair services, which may increase due to inflation and a shift towards DIY projects [3] - There is a potential for market entry into new product categories that were previously difficult to penetrate, particularly in supermarket supply chains [3] - The company aims to focus on developing high-cost performance products to capture market share [3] Group 4: Future Considerations - The company is considering the establishment of production facilities in Mexico or the U.S. but acknowledges that production costs in Southeast Asia remain competitive [4] - Current construction of additional capacity in Southeast Asia will continue, as demand remains strong [4] - The company believes that the challenges posed by tariffs present more opportunities than risks, reinforcing its confidence in becoming a global manufacturing and R&D entity [4]

证券代码：000034 证券简称：神州数码 神州数码集团股份有限公司投资者关系活动记录表 公司资产规模稳步提升，资产负债率进一步降低。 二、公司战略及整体经营情况 2024 年，面对中国经济复杂的外部压力和严峻的市场环境，神州数 码坚持以"AI 驱动的数云融合"战略为核心，突破难关，战略业务持续稳 健增长，经营性现金流大幅优化，营收与利润指标在逆势中表现出强劲 的抗压能力，凸显了经营韧性。公司连续八年入选《财富》中国 500 强 （位列第 186 位），并获评"最具投资价值上市公司""信息技术最具成长 上市公司"等荣誉。其数字化转型实践不仅被收录至伦敦商学院案例库， 更斩获《哈佛商业评论》"数字化转型实践奖"，彰显了行业影响力与战 略前瞻性。 数云服务及软件业务方面，过去一年公司加速创新。通过与德勤联 合打造 AI Factory，公司构建全流程人工智能转型服务。在汽车行业纵 深发展上，公司成功签约 18 家战略级车企客户，覆盖智能客服、AI 定 损等关键场景。自主研发的"神州问学"AI 原生平台，融合 Agent 工程、 知识治理与模型训练能力，在医疗、零售、航空等领域落地智能客服、 数字人等应用，同时通过 ...

债券代码：128076 债券简称：金轮转债 物产中大金轮蓝海股份有限公司投资者关系活动记录表 编号：20250402 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（腾讯会议） 参与单位名 称及人员姓 名 鹏扬基金：马慧芹 时间 2025 年 4 月 2 日（周三）15:00-16:00 地点 腾讯会议 上市公司接 待人员姓名 董事会秘书：邱九辉 证券事务代表：潘黎明 投资者关系管理：蔡柔 投资者关系 活动主要内 容介绍 本次调研活动首先由公司副总经理兼董事会秘书邱九辉对公 司基本情况进行介绍，随后回答调研人员的提问，主要交流内容 如下： 1、公司在纺织梳理器材出海这块有哪些举措？ 答复：公司目前通过建立海外服务中心、参加国际展会、强 化海外经销渠道、聚焦拓展海外重点客户等方式，大力拓展海外 市场，海外市场知名度正逐步提高。 2、公司如何应对不锈钢原材料价格的波动？原材料的涨价可 以传导到客户端吗？ 答复：公司目前通过期现套保工具、控制库存水平等方式降 低不锈钢价格波动对公司利润的潜在负面影响。不锈钢装饰板业 务采用"原材料+加工费"的定价模式，原 ...

者进行问答与交流。互动问答内容如下： 1. 请问贵司 2024 欧澳市场业绩表现如何？未来如何展 望？ 答：2024 年，根据欧洲汽车工业协会 ACEA 发布的数 据，欧盟新卡车注册量下降 6.3%。欧洲经济整体复苏力度薄 弱且不平衡，对半挂车行业影响呈现多维度挑战。 2024 年欧洲及澳洲半挂车业务取得了逆势好成绩。欧洲 面临下行周期冰点，本公司在订单预期不足的情况下，优化 产品结构，稳步而持续地推进供应链国产化，进一步降低成 本，毛利率逆势提升 2.4 个百分点。 澳洲业务在市场略回暖的情况下，聚焦产品质量和细节， 实现了盈利水平的历史最佳表现。根据澳洲道路运输协会的 上牌数据统计，本公司在澳洲市场的占有率连续两年跻身行 业前六名，彰显了在澳洲市场的稳固地位。 证券代码：301039 证券简称：中集车辆 中集车辆（集团）股份有限公司 编号：2025-06 | 投资者关系活 | □特定对象调研 √分析师会议 | | | | | --- | --- | --- | --- | --- | | 动类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 √路演活动 | | | | | | □现场 ...

Group 1: Company Strategy and Goals - The company's 2025 work theme focuses on "Standard Leading, Reform Empowering, Strengthening Resources, and Optimizing Assets" [1][2] - "Standard Leading" aims to enhance production, equipment, and management standardization to stabilize operations [2] - "Reform Empowering" involves deepening management reforms to improve efficiency through centralized management of various business functions [2] - "Strengthening Resources" emphasizes stabilizing self-mined ore volumes and acquiring exploration rights for bauxite resources in Yunnan and surrounding areas [2] - "Optimizing Assets" focuses on improving the industrial chain and increasing capital operations to enhance structural optimization [2] Group 2: Future Performance and Innovations - The company plans to leverage its green low-carbon competitive advantage to enhance the value chain of green aluminum and increase brand influence [2] - New technologies in the aluminum industry, such as zero-carbon anodes and high-purity aluminum, are expected to drive energy savings, cost reduction, and industry upgrades [2][3] - The company aims to increase its self-sufficiency in bauxite by intensifying development efforts in Yunnan and surrounding Southeast Asian countries [3] Group 3: Financial Performance and Investor Relations - The company has implemented a mid-term dividend of approximately 7.98 million, with a projected total dividend of around 14.22 million for 2024, representing 32.23% of the net profit, the highest since its listing [3] - The company emphasizes a commitment to investor interests and plans to steadily increase dividend payouts in line with its operational performance [3] - The electricity supply in Yunnan has improved, with market reforms allowing for negotiated pricing between the company and local power producers [3]

3、2024 年度公司主要规格产品占比。 回复：60g 产品于下半年正式放开调货限制，全年占比 25%左右，70g 系列产品占比 30%左右。 | 证券代码：002507 | 证券简称：涪陵榨菜 | 编号：2025-002 | | --- | --- | --- | | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | ☑现场参观 □其他 | | | | 本次参与交流的人员名单如下： 序号 姓名 | 机构 | | | 1 吴悠 | 兴全基金 | | 参与单位名称 | 2 胡运昶 | 国泰基金 | | 及人员姓名 | 3 刘健 | 上投摩根 | | | 4 吕昌 | 申万宏源 | | | 5 周缘 | 申万宏源 | | | 6 杜宛泽 浙商证券 | | | 时间 | 2025 年 4 月 2 日 10:00-12:00 | | | | 2025 年 4 月 2 日 14:30-15:30 | | | | 2025 年 4 月 2 日 10:00-12:00 | | | 地点 | 2025 年 4 月 2 日 ...

编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 √业绩说明会 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | □其他 （股东大会） | | 活动参与人员 | 1、参与公司 2024 年度网上业绩说明会活动的投资者 | | | 2、上市公司接待人员：董事兼总裁李葛丰先生、财务总监谢 | | | 伟光先生、独立董事姜齐荣先生、董事会秘书黄幼平女士 | | 时间 | 2025 年 4 月 2 日（星期三）15:00-17:00 | | 地点 | 深圳证券交易所"互动易"平台（http://irm.cninfo.com.cn） | | | "云访谈"栏目 | | 形式 | 网络文字交流 | | | 1、公司 2024 年虽然亏损收窄，但扣非后亏损反而扩大了，同 比亏损增加了近 3 成，亏损扩大的原因是什么？还是公司调 | | | 整了非经常性损益的方式？2025 年是否有明确的扭亏时间表 | | | 及具体措施。 | | 交流内容及具 | 答：您好投资者，2024 年非经常性损益的计算方式未发生变 | | ...

Financial Performance - In 2024, the company achieved a revenue of CNY 2.45 billion, a decrease of 2.69% year-on-year [2] - Net profit attributable to shareholders was CNY 741 million, down 15.12% year-on-year [2] - The return on equity (ROE) was 13.50%, a decline of 3.50 percentage points compared to the previous year [2] Segment Performance - Carbon fiber segment revenue was CNY 1.45 billion, down 12.91% year-on-year [3] - General new materials segment revenue was CNY 234 million, down 12.86% year-on-year [3] - Energy new materials segment revenue increased by 25.81% to CNY 537 million [3] - Composite technology segment revenue grew by 15.60% to CNY 107 million [3] - Precision machinery segment revenue rose by 161.20% to CNY 89 million [3] - Light technology segment revenue increased by 28.27% to CNY 25 million [3] Market Challenges - The decline in performance was primarily due to a downturn in the carbon fiber and prepreg sectors, with a notable drop in demand for T300 grade fibers [3] - The T300 fiber segment saw a revenue decrease of 39.4%, totaling CNY 516 million [3] - The market price for high-performance industrial carbon fibers dropped significantly, impacting revenue [3] Strategic Initiatives - The company is focusing on high-end applications and continuous product innovation to meet emerging market needs [2] - A total of 169 new patents were achieved in 2024, reflecting ongoing R&D efforts [3] - The company is expanding its applications in various sectors, including aerospace, automotive, and renewable energy [6] Future Outlook - The carbon beam business is expected to see a recovery in 2025, driven by existing orders [11] - The company anticipates stable demand for T300 grade products in the coming years [7] - The Bagou project is projected to incur losses in 2025 due to high fixed costs from initial investments [12] Customer and Contract Insights - The company is actively negotiating contracts for the CCF700G product, with ongoing supply [4] - The delivery pace for traditional products is expected to improve in 2025 [4] - The company has secured contracts for T800 grade fibers, with a focus on stable supply for large aircraft applications [5]

Group 1: Automotive Display Business - The company's automotive display revenue grew over 40% year-on-year due to increased market share in the new energy sector and improved product specifications [2] - The company has maintained the global leading position in automotive TFT-LCD and instrument display shipments for five consecutive years, with the head-up display (HUD) also ranking first globally in 2024 [2][3] - In 2025, demand for automotive display products is expected to continue growing, driven by increased screen sizes and specifications, particularly in the domestic new energy market [3] Group 2: OLED Mobile Display Business - The flexible AMOLED smartphone business continued to grow rapidly in 2024, with significant improvements in profitability due to price recovery and product structure optimization [4] - The company anticipates continued growth in demand for flexible OLED technology in smartphones, supported by consumption stimulus policies [4] - The company aims to enhance production capacity and reduce costs in the AMOLED business to improve profit margins [4] Group 3: Market Competition and Strategy - The automotive display market is characterized by high barriers to entry and strong customer loyalty, requiring high product quality and reliable supply [5][6] - The company views automotive display as a strategic core business, leveraging 30 years of expertise to strengthen its competitive capabilities [6] - The company plans to invest in new production lines and advanced technologies to enhance its automotive display solutions [6] Group 4: Profitability and Financial Outlook - The overall gross margin for major business segments, including mobile, automotive, and IT, is expected to improve, with a year-on-year increase of 6.47 percentage points in 2024 [7] - Despite fluctuations in net profit due to new production line ramp-up and product structure changes, the company achieved steady revenue growth in 2024 [8] - The company is optimistic about turning a profit in 2025, focusing on improving operational quality and profitability across its main business segments [15] Group 5: Production Capacity and Investment - The TM19 production line, targeting automotive and industrial display markets, is designed for high efficiency and flexibility, with full product line activation expected in 2024 [10] - The company plans to gradually reduce capital expenditures while focusing on existing production line upgrades and strategic investments [13] - The company is considering potential mergers and acquisitions to strengthen its core competencies and adapt to market changes [14]

证券代码：300119 证券简称：瑞普生物 编号：2025-001 | | □ 特定对象调研 √ 分析师会议 | | --- | --- | | 投资者关系活动 | □ 媒体采访 □ 业绩说明会 | | 类别 | □ 新闻发布会 路演活动 √ | | | □ 现场参观 | | | □ 其他 | | | 中金公司、长江证券、高盛香港、国信证券、国联民生证 | | | 券、天风证券、中信建投证券、德邦证券、东北证券、华创证 | | | 券、华鑫证券、光大证券、银河证券、国泰君安证券、国海证 | | | 券、华西证券、财通证券、申万宏源研究、兴业证券、浙商证 | | | 券、西部证券、华福证券、中信证券、西南证券、开源证券、 | | | 华安证券、国盛证券、华泰证券 | | | 嘉实基金、招商基金、光大保德信基金、国泰基金、西部 | | | 利得基金、泉果基金管理有限公司、天治基金管理有限公司、 | | | 鸿运私募基金、中天汇富基金、共青城润卿私募基金、金鹰基 | | 参与单位名称 | 金、南方基金、华泰保兴基金、浦银安盛基金、宏利基金、湖 | | （79 家） | 南源乘私募基金、浙商基金、天弘基金、国金基金、 ...