Group 1: Business Development and Market Strategy - The company is actively expanding its liquid cooling business, focusing on core customer mass production processes and has achieved small batch liquid cooling product orders [1][2] - The semiconductor packaging materials business is targeting major clients in the power semiconductor packaging sector, with a focus on applications in new energy vehicles and photovoltaic inverters [2][3] - The company aims to leverage its expertise in high thermal conductivity materials and semiconductor packaging to enter the thermal management market, with a comprehensive product range including liquid cooling plates and next-generation microchannel cooling solutions [3][4] Group 2: Financial Performance - In the first three quarters of 2025, the company reported revenue of CNY 310 million, a year-on-year increase of 24.48%, and a net profit attributable to shareholders of CNY 12.42 million, up 2,925.45% [2][3] - The growth in performance is attributed to increased sales of smart card products and the rapid expansion of the power electronics application market, which has enhanced the market penetration of semiconductor packaging materials [3][4] Group 3: Research and Development - The company holds 185 patents, including 5 invention patents and 126 utility model patents, with R&D investment increasing by 9.59% year-on-year [2][3] - Future R&D efforts will focus on semiconductor packaging materials and the newly developed liquid cooling business [3][4] Group 4: Future Outlook and Risks - The company is optimistic about the future growth of its liquid cooling business, despite its current revenue contribution being low, as it anticipates rapid growth with increased customer acceptance and mass production plans [3][4] - The company emphasizes the importance of adhering to legal disclosure requirements and encourages investors to be rational in their investment decisions, highlighting potential risks associated with new business developments [4][5]

Group 1: Impact of RMB Internationalization - The promotion of RMB internationalization positively impacts the company's overall development by reducing exchange rate fluctuation risks and enhancing financial stability [2] - It facilitates cooperation with emerging market partners, especially in key areas like the Belt and Road Initiative, providing more business opportunities [2] - The development of the offshore RMB market allows the company to broaden financing channels, issue RMB bonds, or obtain RMB loans, optimizing funding costs [2] Group 2: Company’s Product Offerings - The company develops diverse intelligent automation equipment using technologies such as barcode recognition, AI, and edge computing, including smart warehouse robots and intelligent sorting devices [3] - The products are applicable in various sectors, including logistics, e-commerce, retail, and manufacturing [3] Group 3: Overseas Business Performance - In 2024, overseas revenue accounted for 27.61% of the company's total revenue, indicating a strong focus on expanding international markets [3] Group 4: Financial Performance of Subsidiaries - Zhuhai Jiabo Technology Co., Ltd. has maintained a good profitability status in 2025, contributing positively to the overall company performance [4] - The sales revenue of Jiabo Technology's specialized printers increased by 12.30% year-on-year, with sales volume rising by 17.88% in the first three quarters of 2025 [5]

Group 1: Industry Outlook and Strategic Planning - The semiconductor industry is benefiting from a series of supportive national policies aimed at accelerating development across the entire supply chain [2] - The company plans to leverage opportunities in AI technology applications, focusing on sectors such as AI servers, mobile devices, and robotics [3] Group 2: Market Expansion and Investment - In 2025, the company will increase its technical investments and resource allocation in automotive, industrial new energy, and robotics sectors [3] - The company has established itself as a core distributor for leading manufacturers in these fields, with steady growth in related performance [3] Group 3: Risk Management and International Operations - The company maintains stable relationships with overseas partners, supported by years of mutual trust and collaboration [3] - Ongoing assessments of macro risks and the introduction of domestic suppliers are part of the strategy to ensure business continuity and stability [3] Group 4: Financial Performance - In the first three quarters of 2025, the company reported sales revenue of 6.128 billion yuan, a 14.46% increase compared to the same period in 2024 [3] - The company aims to continue its positive growth trajectory and deliver excellent performance to its investors [3]

Group 1: Company Overview and Market Position - Shenzhen Changcheng Development Technology Co., Ltd. is a leading enterprise in high-end storage chip packaging and testing, with a strong R&D and engineering team [2][4]. - The company is currently operating at full capacity in its Shenzhen and Hefei packaging and testing facilities, with plans for expansion based on customer demand [3][4]. Group 2: Financial and Operational Metrics - As of November 10, 2025, the number of shareholders is 230,106 [2]. - The company's inventory as of September 30, 2025, is 2.442 billion yuan, a decrease of 7.15% compared to the end of the previous year [3]. Group 3: Strategic Plans and Market Trends - The company is closely monitoring macroeconomic trends and policy developments to create long-term value for shareholders [2]. - There are no current plans for mergers or acquisitions, but the company will disclose any relevant information as required [3][4]. Group 4: Customer and Market Dynamics - The company maintains confidentiality regarding customer information and order details, but it is noted that existing orders are filled through 2026 [3][4]. - The company emphasizes its competitive edge over peers like Tongfu Microelectronics and Changjiang Storage, highlighting its advanced technology and partnerships with major storage enterprises [4].

Group 1: Financial Performance - The company's online transaction volume for parking in October reached approximately 15 million yuan, showing a month-on-month growth of about 10% and more than doubling compared to the same period last year [4] - The latest monthly transaction volume for parking settlement is around 1.2 billion yuan [2] - The expected annual advertising revenue from the company's advertising business is around 10 million yuan [2] Group 2: Business Operations - The company currently manages over 17,200 cloud-hosted lanes [2] - New business revenue accounted for approximately 55% of total revenue as of Q3 this year, with expectations for continued growth [6] - The company aims to focus on parking operations and scale innovative business developments to enhance operational results and shareholder returns [5][6] Group 3: Shareholder and Market Concerns - The company is not currently eligible for margin trading due to certain conditions [3] - The stock price has been declining for five consecutive months, prompting discussions on measures to boost market confidence [5] - Shareholder Liu Cuiying's 9.83 million shares are currently frozen due to ongoing legal proceedings [5] Group 4: Strategic Direction - The company plans to leverage data and AI technologies in its product and business applications, maintaining its focus on enhancing parking operations [7] - The company is actively seeking a new technical leader with experience in internet and AI to support its business transformation [7]

编号：2025-005 | | ☑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 （请文字说明其他活动内容） | | 参与单位名称及 | 杭州哲云私募基金管理有限公司基金经理葛列刚 | | 人员姓名 | | | 时间 | 年 月 日（周四） 2025 11 20 | | 地点 | 公司会议室 | | 上市公司接待人 | 1、董事、董事会秘书、财务总监杨照宇 | | 员姓名 | 2、证券事务高级经理董成龙 投资者提出的问题及公司回复情况 | | | 1、公司控股股东合并破产事项有什么进展？ | | | 公司就投资者提出的问题进行了答复，主要交流内容如下： | | 投资者关系活动 | 答：公司于 2024 年 6 月 29 日披露《关于控股股东被申请实质 | | 主要内容介绍 | 合并破产清算的公告》，目前尚未收到进一步信息。后续我们 | | | 会积极关注股东进展并及时按要求披露进展公告。 | | | 2、公司目前业务经营情况如何？ | | | 答：公司现有生产经 ...

证券代码： 000027 证券简称：深圳能源 深圳能源集团股份有限公司投资者关系活动记录表 编号：202505 | 投资者关系活动 | □ 特定对象调研 □ 分析师会议 | | --- | --- | | 类别 | □ 媒体采访 □ 业绩说明会 | | | 新闻发布会 路演活动 □ □ | | | 现场参观 □ | | | 年深圳辖区上市公司投资者网上集体接待日） √其他 （2025 | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2025 年 11 月 20 日 (周四) 下午 14:30~17:00 | | 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召开业绩说明会 | | 上市公司接待人 | 1. 副总裁、董事会秘书 李倬舸 | | 员姓名 | 2. 董事会办公室 章红星 | | | 3. 董事会办公室 瞿铁山 | | | 4. 董事会办公室 王兆一 | | | 5. 董事会办公室 施诗 | | | 投资者提出的问题及公司回复情况 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1 ...

Group 1: Company Achievements - The company’s ultrasonic water meter has received the European Measuring Instruments Directive (MID) certification, which is the strictest and most authoritative mandatory certification for measuring instruments in the EU [2] - Obtaining the MID certification indicates that the company's ultrasonic water meter meets the highest EU standards in measurement accuracy, environmental adaptability, safety, and reliability, laying a solid foundation for global market expansion [2] Group 2: Financial Performance - The company is actively promoting market expansion and order delivery, with expectations for improved performance in Q4 2025, although specific figures will be disclosed in future periodic reports [2] - Shareholder reductions are primarily based on personal financial arrangements and do not reflect a lack of confidence in the company's future development; the company maintains a stable and positive operational outlook [3] Group 3: Investor Relations - The investor relations activity was conducted on November 20, 2025, via the "Panorama Network" investor relations interactive platform, involving all investors [2] - Key company representatives included Chairman and General Manager Mr. Cui Tao, Secretary of the Board Mr. Shen Zhengzhao, and Financial Director Ms. Liao Dongli [2]

Group 1: Acquisition of Zhixiang Technology - The acquisition of Zhixiang Technology is a strategic decision aimed at long-term development, enhancing existing business capabilities, and creating new growth points for profitability [2][3]. - Zhixiang Technology specializes in AI and smart space technology, providing a strong market opportunity and complementing the company's existing operations in South and North China [3]. - The acquisition is expected to break the company's original market regional structure, allowing for rapid entry into new markets and enhancing overall market coverage and penetration [3]. Group 2: New Product Launch - Yangzai - The Yangzai AI companion device focuses on emotional guidance, habit formation, and attention cultivation, aligning with the company's brand philosophy of "Because of Love, Therefore AI" [5]. - Since its launch in mid-October, Yangzai has achieved initial sales success through online and offline channels, with plans for an overseas version to be released next year [5]. Group 3: Corporate Governance and Investor Relations - The company adheres to principles of fairness, justice, voluntariness, and integrity in its transactions, ensuring that the acquisition does not harm the interests of minority shareholders [4]. - The company maintains strict compliance with information disclosure regulations, ensuring that all disclosures are truthful, accurate, complete, timely, and fair [6].

Group 1: Financial Performance and Challenges - The company reported a significant shift from a net profit of 300 million to a loss of 470 million, indicating a change of 770 million [4] - The continuous losses in 2024 are primarily attributed to the cyclical adjustment in the photovoltaic industry, leading to a substantial decline in sales revenue [4] - High financial expenses in the first three quarters of 2025 were due to unconverted convertible bonds, necessitating monthly accruals of high financial costs [3] Group 2: Inventory and Custom Products - The inventory impairment provision mainly involves customized products for clients in the new energy vehicle and photovoltaic sectors, with some products unable to be resold due to their customized nature [2] - The company maintains a safety stock of 0.5 to 3 months based on customer demand forecasts, but adjustments in customer needs can lead to potential inventory write-offs [5][6] - The company is enhancing its demand forecasting and inventory management to minimize losses from changes in customer demand [6] Group 3: Market Dynamics and Future Outlook - The company anticipates a steady recovery in overall profitability as the photovoltaic industry gradually rebounds and the new energy vehicle sector expands [4] - The growth in revenue from the energy storage sector is driven by rapid demand in overseas markets and the expansion of key new customers in the second half of 2024 [2]