Group 1: Investor Relations Activities - The investor relations activity includes various formats such as analyst meetings, media interviews, and performance briefings [2] - The specific event recorded is the 2025 semi-annual performance briefing held online on September 19, 2025 [2] Group 2: Management Responses - The company has not received any notifications regarding stock purchases from major shareholders or executives as of now [2] - Executive stock reductions are attributed to personal financial needs, adhering to legal regulations and commitments [2] - The management expresses confidence in the company's future performance despite recent stock price fluctuations due to executive sell-offs [3] Group 3: Future Communication - The company will provide updates on executive stock reduction progress through official announcements, ensuring compliance with disclosure obligations [3]

Group 1: Investor Relations Activity Overview - The investor relations activity was held on September 19, 2025, from 15:30 to 17:00 on the "Panorama Roadshow" website [1] - Participants included the Vice Chairman and President Chen Tianbao, Vice President and Board Secretary Li Haijie, and Chief Financial Officer Yang Ping [1] Group 2: Company Updates - The company’s 2025 A-share issuance to specific investors was accepted by the Shenzhen Stock Exchange on August 22, 2025, and is currently progressing in an orderly manner [1] - The company will comply with legal and regulatory requirements for information disclosure regarding the issuance [1] Group 3: Dali AI Development - Dali AI has been integrated into internal projects, utilizing six core tools: "Intelligent Management, Intelligent Analysis, Intelligent Writing, Intelligent Core, Intelligent Patrol, and Intelligent Strategy" [2] - The AI solution is applicable across various sectors, including communication, construction, water conservancy, energy, and municipal projects, providing comprehensive AI solutions for knowledge Q&A, document review, and safety inspection plans [2] - The company aims to continuously optimize Dali AI by collecting project data and enhancing its capabilities through real-time training and development of new features [2]

Group 1: Investor Relations Activities - The company held an earnings briefing via the "Panorama Roadshow" website on September 19, 2025, from 14:00 to 17:00 [2] - Key personnel present included the Chairman and General Manager, the Board Secretary and Deputy General Manager, the Financial Director, and an Independent Director [2] Group 2: Investor Questions and Company Responses - The company emphasized its commitment to market value management, focusing on improving operational efficiency, profitability, and maintaining transparent communication with investors [2] - Regarding liquid cooling technology for data centers, the company stated it currently has no involvement in this area [3] - In response to concerns about stock price performance post-mid-year report, the company assured that all disclosed information is accurate and complete, attributing stock price fluctuations to various external factors [3] - The company acknowledged the suggestion for more frequent communication about operational developments to enhance investor engagement [3]

2、公司本月在上海展会有什么新品推出？ 证券代码：002757 证券简称：南兴股份 南兴装备股份有限公司投资者关系活动记录表 编号：2025-IR009 | | □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 | □新闻发布会 □路演活动 | | 类别 | □现场参观 | | | 广东辖区上市公司投资者网上集体接待日活 其他（2025 | | | 动） | | 活动参与人员 | 参与公司网上集体接待日活动的投资者 董事长：詹谏醒 | | | 董事、总经理：詹任宁 | | | 董事、董事会秘书：叶裕平 | | | 财务总监：李冲 | | 时间 | 年 月 日 2025 9 19 15:30 | | 地点 | 全景路演（http://rs.p5w.net） | | 形式 | 线上交流 | | | 1、公司现金流情况还不错，未来的分红会保持吗？ | | | 尊敬的投资者，您好。公司目前现金流状况良好，2024 | | | 年度经营现金流净额为 年半年度为 3.65 亿元，2025 2.28 | | | 亿元。公司始终高度重视股东回报，坚持与股 ...

Group 1: Company Performance - The company's significant growth in Q1 is attributed to increased market demand, product structure optimization, and improved internal operational efficiency [1] - The company's drilling needle products have achieved the highest global market share, indicating substantial future revenue growth potential [1] - R&D investment accounted for 6.39% of revenue in the first half of 2025, emphasizing a technology-driven growth strategy [2] Group 2: Competitive Positioning - The company acknowledges that its brand recognition and reputation in overseas markets require time and continuous investment [2] - Ongoing technical breakthroughs are necessary to enhance competitiveness in cutting-edge application areas [2] Group 3: International Strategy - The company is committed to a global development strategy, increasing resource investment in key overseas markets [2] - Plans to strengthen overseas technical support and customer service capabilities to enhance international brand influence [2] - The company aims to leverage global supply chain opportunities to provide high-quality products and services to international clients [2] Group 4: Product Development - The company is actively monitoring technological trends in the downstream PCB industry and is engaged in relevant R&D and product preparation [2] - The company has developed the technical capabilities to produce high-performance drilling needles that meet the demands of the GB300 application [2]

| 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 | □ | | | 其他 （请文字说明其他活动内容） | □ | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2025 年 9 月 19 日 (周五) 下午 14:00~17:00 | | | 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、董事长王志华 | | | 员姓名 | 2、总经理龙起龙 | | | | 3、财务总监陈海容 | | | | 4、董事会秘书马永新 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、尊敬的王董事长，自从茂名港入主大股东以来，我亲眼看见 | | | | 你们为公司的付出，先是承接债权现在又要注入现金，请问，公 | | | 投资者关系活动 | ...

Company Overview - Founded in 2011, located in Huzhou Anji, specializing in R&D, production, and sales of high-voltage power systems for electric vehicles [1] - Main products include vehicle-mounted high-voltage power systems, liquid-cooled ultra-fast charging power modules, and smart DC charging power modules [1] - Application scenarios include home slow charging, fast charging on the go, and vehicle-to-load power supply [1] Production Capacity - First production base commenced operations in 2021, with a second base starting production in the first half of 2025 [2] - Current production capacity is stable, with plans for dynamic optimization based on market demand and customer orders [4] Customer Concentration - Established stable partnerships with major automotive manufacturers such as GAC, NIO, Xiaomi, and others [3] - Dependency on the primary customer is decreasing, enhancing operational stability [3] International Strategy - Secured a project with Renault in 2021, with overseas business revenue accounting for 6.8% in 2024 [5] - Expected to increase to over 17% in the first half of 2025 as production stabilizes [5] Shareholder Information - 50.71% of shares were unlocked for trading on September 4, prior to the IPO [6] - Shareholders are required to announce any planned reductions in shareholdings [6] Stock Incentive Plan - A restricted stock incentive plan was approved on August 29, 2025, with a follow-up board meeting scheduled within 60 days to finalize grant dates [8] Financial Performance - Revenue increased by over 122% year-on-year due to significant growth in customer demand [8] - Accounts receivable rose by more than 45% compared to the end of the previous year, leading to higher credit impairment losses [8]

Group 1: Company Governance - The board of directors consists of 9 members, with 3 from Zhuhai Gree Jin控 and 3 from the original company. In case of a tie (3:3), decisions are made based on a majority vote of all directors [2] - Board resolutions require a majority approval from all directors as per the company's articles of association [2] Group 2: Investor Relations Activities - The company participated in the "2025 Guangdong District Investor Reception Day" on September 19, 2025, from 15:30 to 17:00, via the "Panorama Roadshow" website [1] - The event aimed to enhance interaction and communication with investors regarding the company's operational status and other investor concerns [1] Group 3: Information Disclosure - The company adheres strictly to relevant laws and regulations regarding information disclosure and has no undisclosed information that should have been revealed [3]

Group 1: Financial Performance - The company's revenue for the first half of 2025 reached CNY 43.45 million, a year-on-year increase of 126.37% due to growth in digital enterprise services and computing power services [2][3] - The computing power service project in Shenzhen generated revenue of CNY 30.08 million with a gross margin of 46.48% [3] - The company effectively improved operational efficiency by reducing sales expenses by 15.92% to CNY 10.18 million and management expenses by 8.22% to CNY 16.04 million [3] Group 2: Acquisition Plans - The company is in the process of acquiring 100% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd., with cash and share issuance [4][6] - The acquisition is pending completion of asset audits and evaluations, with no confirmed timeline for approvals [4][6] - The target company reported an expected revenue of CNY 444.70 million and a net profit of CNY 90.71 million for 2024, pending audit [6][7] Group 3: Future Growth Expectations - The company anticipates continued growth in the second half of 2025, driven by ongoing projects in computing power and digital enterprise services [5] - A new three-year contract for a domestic computing power project worth CNY 57.82 million was signed in August, contributing to future revenue [7] - The acquisition of Xingyun Kaiwu is expected to enhance the company's competitive edge and expand its product application scenarios [5][8] Group 4: Technological Advancements - The company has developed AI applications, including the "Yiqi AI Government Assistant" and "Company AI Assistant," aimed at improving efficiency in government and enterprise operations [10] - The company holds the first batch of DRCA certificates in the big data industry and has launched multiple data products on trading platforms [10]

Group 1: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 15.94% compared to the same period last year [2][3] - In August 2024, the controlling shareholder invested 12,179.21 million CNY to increase holdings in Hongmian shares [2] - In April 2025, the company repurchased 1,813.59 million shares using 5,523.77 million CNY of its own funds [2] Group 2: Strategic Acquisitions - The company acquired 39.9996% of Asia Foods, which includes products like soda and juice, to enhance its beverage business and address competition issues [3][5] - The acquisition aims to create synergies with the company's beverage operations and improve market share and brand influence [5][6] Group 3: Market Challenges and Responses - The company faced a decline in revenue and profits due to fluctuations in the consumer market, particularly in sugar product sales [3][4] - Management plans to focus on core business areas and improve operational management to enhance overall profitability [7][9] Group 4: Future Outlook - The company's 2025 strategic theme is "External Breakthrough, Intelligent Innovation," focusing on innovation-driven development and quality improvement [7] - The company will continue to utilize its cash reserves for business-related activities, including procurement, production, market expansion, and R&D [9]