Group 1: AI and AR Technology Development - The company is advancing the MicroLED micro-display technology for AR-AI applications in collaboration with universities, with prototype validation currently underway [2] - The focus is on achieving full-color MicroLED technology through long-term R&D in the Mini/Micro-LED field [2] Group 2: RGB Mini LED Backlight Technology - The company has been an early adopter of RGB-Mini LED backlight technology, collaborating with Hisense for performance breakthroughs since 2025 [3] - The global shipment of RGB-Mini LED TVs is projected to reach 500,000 units in 2026, representing a 25-fold year-on-year growth [3] Group 3: 2026 Performance Outlook - The net profit target for 2026 is set at RMB 189 million, with a trigger value of RMB 151.2 million based on the company's stock incentive plan [3] Group 4: Share Buyback Plan - The company plans to repurchase shares worth between RMB 10 million and RMB 20 million, having already repurchased 391,500 shares, which is 0.175% of the total share capital, for a total amount of RMB 7,720,646.34 [3] Group 5: Impact of Commodity Price Increases - The rise in commodity prices has increased raw material costs, but the company aims to offset this through product design, supply chain management, and improved production efficiency [3] - Long-term, price increases may facilitate industry consolidation and enhance the company's competitive edge in high-value Mini LED and RGB backlight products [3]

Group 1: AI Technology Applications - The company has completed the registration of its "Edifier Summary Extraction Algorithm" and "Edifier Machine Translation Algorithm" with the National Internet Information Office, with ongoing development of additional features for its products [2] - The "AI Meeting Transcription" feature has been launched, enabling real-time audio transcription and AI summarization, integrated into mid-to-high-end headphone products [3] Group 2: Open Wireless Stereo (OWS) Market - The OWS market is experiencing rapid growth, with the company planning significant investments starting in 2024 [2] - The company has launched over ten models of OWS products, including the LolliClip AI and Comfo SE, designed for various scenarios such as outdoor sports and commuting [3] Group 3: Product Launches and Features - Key models launched in 2025 include: 1. LolliClip AI with dual model integration 2. Comfo SE designed to withstand wind speeds of up to 28.8 km/h 3. X Clip featuring advanced sound quality and comfort innovations [3] - The company continues to invest heavily in diverse product forms and pricing ranges for its OWS headphones [3] Group 4: Overseas Market Operations - Export sales revenue increased by 14.3% year-on-year in the first half of 2025, with export revenue rising from 21.5% to 22.9% of total revenue [4] - The company is expanding its online direct sales channels and enhancing its presence on international e-commerce platforms like Amazon and Lazada [3]

Group 1: Production Capacity and Utilization - The company maintains a high production capacity utilization rate and is actively upgrading equipment and expanding capacity [2] - The production schedule for Q1 2026 is progressing as expected, with operations running smoothly [2] Group 2: Impact of Raw Material Prices - Rising raw material costs have a certain impact on the company, which is implementing multiple measures to mitigate these effects [3] - Key strategies include capacity expansion, technological innovation, and internal management improvements to reduce costs [3] Group 3: Robotics Business Development - The company focuses on core components in the robotics sector, including reducers, linear joints, and dexterous hands [5] - A comprehensive robotics business system is being developed to enhance industry applications [5] Group 4: International Market Expansion - The company is optimistic about overseas market growth, with steady progress in international projects [6] - European production bases are advancing, while projects in the U.S. and Thailand are in preparatory stages [6] Group 5: Battery Structure Components - The energy storage battery structure components are experiencing significant growth due to high demand [7] - Despite this, the structural components for power batteries remain the primary revenue source [7] Group 6: Future Strategic Planning - The company aims to solidify its position as a leader in precision components for power batteries, focusing on capacity upgrades and technological advancements [9] - A "dual-core strategy" is being implemented to develop humanoid robots and high-precision reducers, creating a second growth curve [9] Group 7: Large Cylindrical Battery Components - The company has the capability to produce large cylindrical battery structure components, with production expected to ramp up steadily this year [9]

证券代码：002408 证券简称：齐翔腾达 淄博齐翔腾达化工股份有限公司投资者关系活动记录表 编号：20260204 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 □ 电话会议 □ 其他 参与单位名称及 人员姓名 东方证券 陈传双 时间 2026 年 2 月 4 日 地点 公司会议室 上市公司接待人 员姓名 董事会秘书 姜能成 证券事务代表 车俊侠 投资者关系活动 主要内容介绍 公司董事会秘书姜能成先生就公司生产经营情况和产业规 划情况进行介绍。 调研的主要问题： 1、请介绍一下公司当前主要装置产能运行情况？ 回复：公司当前主要装置均保持高负荷运行状态，整体产能 利用率持续稳定在 90%以上，公司已构建起碳三碳四资源高效协 同的产业格局；其中，碳四产业链的主要产品涵盖甲乙酮、顺酐、 顺丁橡胶、丁腈胶乳、MTBE、叔丁醇、异丁烯、甲基丙烯酸、甲 基丙烯酸甲酯等，是公司当前盈利的核心；碳三产业链则以丙烯 为核心枢纽，延伸布局环氧丙烷、丙烯酸、丙烯酸丁酯等产品， 构建起差异化竞争优势；公司将充分发挥碳四产业链的核心竞争 优势，持续强 ...

Group 1: Market Trends and Product Pricing - The demand for LCD TV products is strong due to pre-holiday stocking by brand manufacturers, leading to increased shipment volumes [1] - In January 2026, mainstream TV product prices rose across the board, with expectations for further price increases in February [1] Group 2: Technological Advancements - The company's 8.6 generation AMOLED production line was successfully lit up on December 30, 2025, five months ahead of schedule, marking a significant breakthrough in OLED technology [2] - The AMOLED production line is expected to enter mass production in the second half of 2026, enhancing the company's competitiveness in the IT sector [2] Group 3: Innovation and Strategic Development - The company is implementing the "N Curve" theory to drive its "screen IoT" strategy, focusing on innovative businesses such as perovskite photovoltaics and glass-based packaging substrates [3] - The perovskite solar cell development leverages the company's existing capabilities in glass processing and intelligent manufacturing [3] Group 4: Financial Outlook - Depreciation of existing production lines is expected to continue decreasing, with capital expenditures peaking in 2025 and anticipated to decline significantly from 2027 [4] - In 2025, the company completed a share buyback worth nearly 1 billion yuan and distributed approximately 1.87 billion yuan in cash dividends [6]

Company Overview - Hangzhou Heshun Technology Co., Ltd. was established in 2003, focusing on the R&D, production, and sales of differentiated, functional biaxially oriented polyester (BOPET) films [2] - The company produces various specifications and models of polyester film products, including color optical base films, functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - Future plans include expanding product series and application fields while exploring new materials, particularly in high-performance carbon fiber [2] BOPET Film Business - The performance of the BOPET film business is gradually improving, with several high-value-added new products developed and ready for sampling [3] - The optimization of the profit structure is expected, but performance improvement will require a certain period [3] Carbon Fiber Project - The carbon fiber project aims to enter a market dominated by a few companies, primarily in the aerospace sector, where prices are high [3] - The focus is on high-performance carbon fiber products, particularly T800 grade and above, targeting aerospace and high-end equipment manufacturing [4] - Potential customers include key players in aerospace, high-end equipment manufacturing, and high-end industrial applications [5] Technical Team Incentives - The company has established a diverse incentive system for the carbon fiber technical team, covering both short-term and long-term dimensions [6] - The incentive plan will be dynamically adjusted based on performance targets, linking team motivation to project progress and company benefits [6] Production Expansion Considerations - Any potential expansion of the carbon fiber project will be carefully evaluated based on market demand, product certification progress, technological advancements, and industry competition [7] - Capacity planning will be aligned with market feedback and operational development needs, adhering to information disclosure regulations [7]

证券代码：002051 证券简称：中工国际 中工国际工程股份有限公司投资者关系活动记录表 问题 3：展望"十五五"，公司未来的发展方向与目标是否会有变化？ — 1 — 编号：2026-001 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（电话会议交流） 参与单位名称 长江证券股份有限公司、鹏华基金管理有限公司、兴业基金管 理有限公司、天弘基金管理有限公司、国联基金管理有限公 司、中加基金管理有限公司、广东正圆私募基金管理有限公 司、建信理财有限责任公司、泰康养老保险股份有限公司 时间 2026 年 2 月 4 日 地点 电话交流会议 上市公司接待人员 姓名 财务总监康志锋、董事会秘书芮红、财务部副总经理徐曼、证券 事务代表周辉 投资者关系活动主 要内容介绍 公司和投资者就经营情况等进行了交流。 本次投资者活动没有发生未公开重大信息泄密的情况。 附件清单（如有） 投资者关系活动记录 日期 2026 年 2 月 5 日 附件： 中工国际工程股份有限公司投资者关系活动记录 2026 年 2 月 4 日 问题 1：公司 2 ...

Group 1: Product Performance - The overall situation of aramid fiber has been average over the past two years due to low demand growth and increased production capacity, leading to declining prices [2] - The production capacity of aramid fiber is approximately 32,000 tons, with sales around 19,000 tons in 2024 [3] - The export ratio of aramid fiber is about 20%, with fluctuations in growth rates compared to domestic sales [3] Group 2: Production Capacity and Costs - The current production capacity of spandex is 100,000 tons, with 15,000 tons in Yantai and 85,000 tons in Ningxia [3] - The cost in Ningxia is slightly lower than in Yantai, and the company is not operating at full capacity due to the need for suitable customers [4] - Inventory levels are currently at one to two months, which is considered low compared to previous years [4] Group 3: Technological Developments - The company is focusing on systematic improvements in engineering technology to enhance product quality and efficiency by the end of the year [2] - Digital printing technology is being explored to address traditional dyeing challenges, with potential cost reductions [5][6] - New product lines, including T2T and POD films, are being developed, with market potential estimated in the billions [7][8] Group 4: Market Strategy and Customer Engagement - The company is shifting from a production-oriented approach to a market-oriented strategy, focusing on customer needs and providing tailored solutions [8] - There are ongoing efforts to develop fire safety solutions for high-rise buildings and electric vehicle safety, which may receive policy support [8]

Company Overview - Taihe New Materials Group Co., Ltd. was established in 1987, originally producing spandex and is now a leader in various materials including aramid fibers and aramid paper [2][3] - The company has transitioned from spandex to aramid fibers, with key products including meta-aramid (second globally), para-aramid (third globally), and aramid paper (first domestically) [2][3] Production Capacity and Operations - Current spandex operating rate is estimated at 70-80% [3] - The company has a production capacity of 10,000 tons for spandex, which is not fully utilized due to industry challenges and internal issues [5] - The company is undergoing technical upgrades to improve efficiency and profitability [5][6] Market Trends and Demand - Spandex demand is projected to grow over 10% in 2024 and between 5-10% in 2025 [5] - The industry is experiencing a shift with increased use of nylon in clothing, impacting spandex demand [7] - The average spandex content in clothing is around 5% for polyester and approximately 10% for nylon [7] Product Development and Innovation - The company is developing T2T (Textile-to-Textile) recycling technology to meet European demands for sustainable materials [4] - Innovations in green dyeing technology are being explored to reduce environmental impact [4] - The company is also focusing on digital printing as a faster and more efficient alternative to traditional dyeing methods [4] Financial Considerations - The company is investing in technical upgrades with a favorable cost-benefit ratio [6] - The capital expenditure for 2026 includes project final payments and a new innovation center [6] Competitive Landscape - The aramid fiber market is competitive, with many players in the para-aramid segment, which is less than 20% of global capacity [6][8] - The company differentiates itself through self-developed technology and early market entry, leading to stable downstream applications [6][8] Future Outlook - The company aims to enhance its production capabilities and explore new markets, including composite materials, to leverage growth opportunities [8] - The focus on high-performance materials like aramid fibers and carbon fibers is expected to drive future growth [8]

Group 1: Company Overview and Strategic Planning - The company introduced its basic situation and future strategic planning during the site visit [2] - The company plans to promote existing aviation products to low-altitude economy-related enterprises and has signed contracts with several eVTOL manufacturers [3] Group 2: Financial Performance and Projections - The company expects a decline in gross margin in 2025 due to changes in product structure, but aims for recovery and stability in 2026 through cost control [3] - The company’s operating cash flow is currently secure, with good receivables from civil aviation business, and is expected to improve in 2026 with the settlement of key defense projects and support from national policies [3] Group 3: Market Expansion and International Plans - The company has applied for ETSOA certification with EASA and plans to start Airbus supplier training, indicating intentions to enter international markets [3] - The company is also planning to support related export products in the defense trade sector [3] Group 4: Risk Management - The company advises investors to make rational decisions and be aware of investment risks, particularly regarding industry forecasts and strategic planning [4]