会议助理就是各位投资者大家早上好非常感谢各位投资者在周一到一大早参加我们组织的关于这个陕西煤业的一个业绩快报的一个交流我是博盛证券的经理然后今天我们也是非常荣幸的邀请到了陕西煤业的石总就公司发布了这个业绩快报之后大家所感兴趣的一些问题和情况那么跟做一个线上的一个沟通和交流石总您这边能听见吗可以听见 感谢大家的关注啊哎好的那个就是因为可能大家关心的这个贡献的问题就比较多啊就是我可能就是先跟您请教一下也这个一个方面就是说我们24年的这个业绩啊当最多是222那么就是从这个就是经济和飞行的这个角度来看的话大概分别是在什么样的水平包括我们的核心口径下的这个电厂这个去年在222当中给我们贡献了多少样子的利润 哦是这样因为我们24年是第一年把电力然后并进来嘛但是我们是全年的并表了我们这个221里边大概有18个亿都是归于电力贡献的这个利润但当然了电力的这一部分利润我们全年会记住非经厂性损益这样一个情况 明白然后那个就是除了相当于是18个亿是归在电力口然后那个就是像信托的这种公民价值的变动就是这一块它的影响有多大然后包括现在的这个信托的规模以及未来怎么样的情况我们现在的就是因为我们不是24年都在收嘛就是都在收这个信托的规模所以 ...

呃有一定这个方面的影响因为像原来我们可能是铁制的铝制的产品会销量会更加多一点但是2024年的话我们那个碳铅的就是高价值的这个量比23年的要多一些所以整体的话其实我们这个营收对话还是增长的对整体营收是增长大家价值量是提升的 对就是说我们这个结构产品的结构有发生了变化讲目前电丝轮与国外市场占比是多少我们电丝轮这块国外的话基本占到百分之七八十百分之七八十这块也是欧美一些国家为主对欧美为主 这块电动轮椅这个零部件的话这个是全部自制吗?我们核心的一些关键的零部件是我们自己自制的电池啊这些肯定是外购的控制器是外购的吗?控制器呢我们现在也有在做自己在做开发有一部分是自己在现在自己的产品 哦咱们那个行星行星演播剧现在也是用的也是自己开发的对吧对我们现在行星解剖检测器都有这块之前说咱们是用的那个工业机器人这块不知道就是二四年二五年有没有什么新的进展 我们斜播的话原来主要是用在工业机器人上面但是现在呢我们也做了一个斜播减速器的一个系列化产品的布局就是我的一个产品系列给他分布了那后续也会去把这个减速器就是斜播这个减速器的产品呢去应用到其他的一些产品上面比如说像自动化啊这些领域写作写作机器人啊等等 我不知道咱们这个写播检测器跟像A股 ...

增加自助研发我们自研芯片占比也是逐年的一个增长在2014年的组建中我们自研芯片的占比大概已经增长到了80%左右后面我们也继续将围绕一些低成本的工业进行研发主要是也是围绕一些像超宽带高密度集成 还有一些超高频芯片这方面持续发力希望也能预计让我们保持一个较高水平的较高的毛利率水平吧然后咱们咱们这种位置自研的芯片的话目前的话有外销吗然后后面的话后面那些计划会外销吗这个情况因为我看到咱们 自研的芯片好像大部分是自用的吧 那那领导我这边是属于那些我在想问一个技术问题就是呃然后我看到我们在联报里面提了很多就是三代半导体半价然后然后也提到了一代半导体生呃规码二代半导体生化价然后就是也有很多投资向我们对就三代半导体相对于二代半导体的话他的一个技术壁垒在哪里就为什么在上市公司里面国部电子的这个收益相对大的 而且格局是最好的目前没有看到一个公司能撼动国库电子的一个市场地位这个问题我来回答一下首先二代三代半导体的话材料各有各的优势也有不同的应用场景二代半导体是以生化加为主三代半导体以氮化加为主 另外就是我看到咱们有就是那个联邦有这句话就是第三代半导体淡化加大规模应用提升加的组件的密度与工作频段 然后同时模块化设计如果如瓦片架构进一 ...

Summary of Conference Call Records Company Overview - The company discussed is Xinjiang Zhonghe, established in 1958 and listed on the Shanghai Stock Exchange in 1996, recognized as the first industrial enterprise listed in Xinjiang. [1] - It has evolved into a core enterprise in China's strategic new materials industry, primarily engaged in the R&D, production, and sales of aluminum electronic materials, aluminum alloys, and aluminum products. [1] Core Industry Insights - The company operates a comprehensive industrial chain involving high-purity aluminum, aluminum alloys, electronic aluminum foil, and electrical foil, which are widely used in electronics, home appliances, automotive manufacturing, telecommunications, and transportation. [1] - The industry is experiencing structural adjustments, with the company leveraging its full industrial chain advantages to focus on customer needs and accelerate project implementation and capacity transformation. [2] Financial Performance - In 2024, the company achieved a revenue of 7.321 billion yuan and a net profit attributable to shareholders of 1.203 billion yuan, with a basic earnings per share of 0.88 yuan and a return on equity of 11.75%. [2] - The sales revenue of electronic aluminum foil increased by 44.58% year-on-year. [4] Market Dynamics - The market is facing intensified competition due to previous capacity expansions, leading to downward pressure on the prices of major products and processing fees. [2] - Despite rising aluminum prices, the costs of raw materials like iron oxide have also increased, compressing profit margins. [2] Technological Advancements - The company is implementing intelligent upgrades to its aluminum alloy and aluminum product production lines, significantly enhancing supply capabilities and market share. [3] - It is focusing on high-end products in the aluminum electronic materials sector, achieving breakthroughs in core processes to meet the demands of ultra-high voltage power grid construction and developing specialized aluminum-silicon for new energy vehicles. [3] Cost Management and Efficiency - The company is enhancing its cost control systems to drive efficiency, with a focus on energy consumption, material usage, and operational efficiency. [4] - Innovations in key technologies have led to a reduction in electricity consumption per ton to below 10,000 kWh, which is 20% lower than the industry average. [4] Digital Transformation - The company is committed to a digital transformation strategy, establishing a smart manufacturing base and completing the digitalization of production lines for high-purity aluminum and high-strength alloys. [5] - It has implemented 31 data applications across various fields, enhancing production efficiency by 25% for electronic aluminum foil. [5] Strategic Outlook - The company aims to strengthen its competitive position through innovation and talent development, focusing on high-quality development and expanding its industrial chain upstream. [6] - It plans to accelerate the construction of major alumina projects and enhance quality control across the entire industrial chain. [6] Investor Engagement - The company expresses gratitude to investors for their support and emphasizes the importance of their feedback in shaping operational strategies. [7]

Summary of Conference Call Company Overview - The conference call was hosted by a pharmaceutical company, 普利奥运 (Puliouyun), discussing its operational performance for 2024 and future outlooks [1] Key Financial Metrics - Revenue for 2024 reached 12.022 billion, a year-on-year increase of 4.77% [2] - Gross profit was 1.031 billion, a decrease of 2.29% year-on-year [2] - Revenue from the fuel segment was 8.651 billion, up 8.32% year-on-year, but gross margin decreased by 7.68% [2] - The CDMO segment reported revenue of 1.884 billion, down 6.05% year-on-year [2] R&D and Investment - R&D investment for the year was 611 million, a 2.66% increase year-on-year, with expectations for continued growth in R&D spending [3] - The company has 355 commercialized projects, a 25% increase year-on-year, with 262 in usable drugs and 48 in social drugs [4] - The company has signed confidentiality agreements with 572 innovative drug companies, increasing by over 100 projects from the previous year [4] CDMO Business Insights - The CDMO business is seen as a major growth driver, with ongoing collaborations with both domestic and international companies [10] - The company aims to increase its API projects significantly, projecting 10 to 15 new DMFs annually over the next three years [5] - The CDMO team is expected to grow from 600 to around 1,000 personnel in the next two years [14] Market Challenges and Strategies - The pharmaceutical industry is experiencing intense competition, particularly in the antibiotic sector, leading to price pressures [15] - The company anticipates continued challenges in 2025 due to domestic market competition and geopolitical uncertainties [8] - Strategies include enhancing operational efficiency and adjusting production methods to mitigate price declines [15] Future Outlook - The company expects moderate growth in the CDMO segment, with a target of 3,000 operational projects in two years [18] - Gross margin is projected to increase slightly, with expectations of a 1-2% growth from the previous year's 41% [22] - The company emphasizes the importance of long-term investment strategies and technological innovation for sustainable growth [40] Additional Insights - The company is focusing on the medical beauty segment, which is expected to grow significantly, although its current contribution is limited [27] - The impact of price reductions due to competitive bidding is anticipated to be manageable, with a predicted effect of no more than 10% on overall performance [37] - The company is committed to maintaining a stable growth rate of around 20% over the coming years through strategic investments and operational improvements [31]

Summary of Conference Call on China Great Wall Technology and Feiteng Company Industry and Company Overview - The conference focused on the operational situation of China Great Wall Technology and its subsidiary Feiteng Company in the context of the ongoing US-China tariff war [1][2] - China Great Wall is recognized as a pioneer in the domestic computer brand sector, having been involved in the self-research and development of computing technology for nearly 40 years [5][6] Key Points and Arguments - **Tariff Impact**: The current tariffs are seen as a phase in the broader US-China geopolitical competition, with no significant change in the overall industry trend expected [2][3] - **CPU Market**: The tariffs have a pronounced effect on the CPU market, particularly due to the high volume of semiconductor imports from the US, with Intel and AMD generating significant revenues in China [2][3] - **Feiteng's Position**: Feiteng is positioned as the third-largest player in China's server CPU market, with revenues reaching approximately 2 billion RMB last year. The company is expected to grow significantly with the launch of its S5000 series [3][4] - **Diverse Business Operations**: China Great Wall not only focuses on server systems but also has a substantial power supply business and military-related operations, indicating potential growth areas despite geopolitical tensions [4][5] - **State-Owned Enterprise Support**: The company is backed by China Electronics, which holds a 39.35% stake, providing a robust support system for its operations and strategic direction [6][7] Financial Performance - The company reported a revenue growth of approximately 19.27% year-on-year for the first three quarters, although it faced a net loss of 688 million RMB [8][12] - Future revenue projections for the company are estimated at 15.5 billion, 18.8 billion, and 21.7 billion RMB from 2024 to 2026, with expected profitability improving over time [15] Strategic Initiatives - The company is focusing on expanding its business scope and enhancing profitability through a strategy that emphasizes integrated hardware and software solutions, particularly in the computing industry [8][9] - The ongoing demand for AI and computing power is expected to drive growth, with the company planning to develop a range of chips including CPU, GPU, and XPU [11][12] Risks and Challenges - Potential risks include macroeconomic impacts, increased market competition, supply chain uncertainties, and technological innovation challenges [15] Additional Insights - The conference highlighted the importance of the "self-controllable" narrative in the context of national policy and the push for domestic technology development [10][11] - The company is expected to benefit from the growing demand for computing power infrastructure, particularly in the AI sector, which remains a significant trend [11][12] This summary encapsulates the key discussions and insights from the conference call regarding China Great Wall Technology and its strategic positioning within the current geopolitical and economic landscape.

Summary of Conference Call Industry and Company Involved - The conference call focuses on the robotics industry, particularly in the cultural and tourism sectors in China. - The discussion involves a joint venture company that is collaborating on robotics applications in various cultural venues and tourism sites. Core Points and Arguments 1. **Robotics in Cultural and Tourism Sectors** The robotics industry is gaining significant attention, especially in the cultural and tourism sectors where the application scenarios are diverse [1][2][3] 2. **Joint Venture Structure** The joint venture is structured with an 85% to 15% ownership split, focusing on defining product scenarios and management teams [2][3] 3. **Talent Acquisition and Team Structure** The joint venture will include a team for defining product scenarios and will also recruit talent for model training and deployment [3][4] 4. **Customization of Robotics** The company is developing customizable robots, such as the "Lingxi" model, which features modular design for various applications [4][5] 5. **Specific Applications in Venues** The robots will be used in various venues, including cultural centers, sports arenas, and technology museums, with specific training for each unique environment [5][6] 6. **Immersive Experiences in Tourism** The company aims to create immersive experiences in tourism by integrating popular IPs into scenic areas, enhancing visitor engagement through interactive robots [7][8] 7. **Government Support and Funding** The government is providing substantial subsidies for cultural projects, which encourages venues to invest in robotic solutions [12][13] 8. **Market Potential and Sales Guidance** The market for humanoid robots in cultural venues is expected to grow, with estimates suggesting a significant number of units could be sold as venues seek to enhance their offerings [11][14] 9. **Digital Transformation of Scenic Areas** The company is involved in the digital transformation of scenic areas, with discussions about deploying a large number of robots in major tourist attractions [14][19] 10. **Future Collaborations and International Expansion** Plans for future collaborations and potential international ventures are being discussed, particularly in light of upcoming events like the Asian Games [19][20] Other Important but Possibly Overlooked Content 1. **Rapid Development Timeline** The joint venture is expected to finalize agreements quickly, with a framework agreement already in place and operational setup anticipated within fifteen days [10][19] 2. **Robotics as a Revenue Stream** The potential for venues to rent robots for events is highlighted, suggesting a quick return on investment through increased attendance and engagement [13][14] 3. **Technological Leadership** The joint venture partners are noted for their technological expertise, particularly in AI and robotics, which positions them favorably in the market [21][22]

哦 根据证券期货投资者适当性管理办法本次电话会议仅服务于华安证券研究所白名单客户本次会议在任何情形下都不构成对会议参加者的投资建议相关人员应自主作出投资决策并自行承担投资风险 华安证券不对任何人因使用会议内容而引致的任何损失承担任何责任未经华安证券事先书面许可任何机构或个人不得以任何形式复制刊载转载转发引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利好的各位 我自愿大家下午好我是华安证券的医药研究员李晨今天在线的还有我们医药行业首席谭国超老师欢迎大家参加我们为期一周的线上特约会本场我们请到的是鸡蛋生物的董事会秘书刘总今天我们会议分两个环节前面的5到10分钟左右 麻烦刘总帮我们在重点介绍一下2023年的一些整体的金融情况后面我们进入问答交流环节下面就先把时间交给刘总刘总您那边可以先简单介绍一下好的 感谢陈总介绍谭国超老师也在线是吧非常感谢咱们华安医药的团队也感谢今天下午餐会的投资者 那么我先把这个公司的一些情况呢做一些更新金兰生物呢这个原来是以这个QCD为主那这两年发展的话也发展成一个NVD平台性的一个公司尤其是二三年那公司的这个主营结构呢也发生了一些比较大的一个 ...

尊敬的线上的各位领导大家下午好我是方正视频聊的分析师王泽华线上还有我的同事黄英平今天呢我们也是非常荣幸的邀请到了重点视频的副董事长总经理这个 朱总以及董事会秘书王菲总财务负责人王和丽王和丽总以及证券事务代表于总跟大家做一个年报的这个分享昨天呢这个重景也是发布了20年的这个年报在财务部总体来说有一定挑战的这个成长期依然取得了一个明确的一个风暴同时呢这个 我们能够看到公司的这个相关产品的这个量表现的更不错 今天是非常荣幸的邀请到各位领导给大家做一个这个年报的一个解答和解惑感谢朱总感谢各位领导那朱总您看咱们这边要不先简单介绍一下这个年报的情况然后以及就是说年报里面有哪些特别需要可能值得去关注的点你看能否跟各位投资人去提一下 因为我看咱们年报整体的这个表现还是相对来说比较平稳的然后另外呢就是整个的很多产品量则还是非常非常明显的好的泽环那由我先跟各位线上的投资者分析师包括关心重景的一直关心重景的新老朋友们先做一个年报的一个简要的一个介绍 那整个去年重点事情还是坚持做 难且正确的事一直是通过这个长期主义去建设品牌优化产品我们也在这个产品的品质升级品牌价值的输出还有全渠道融合发展各方面做了一些工作那整个去年重景食品实现应收 ...

再来明明达到这个帮助为这个产业链为这个产业链贡献自己的价值明白那这些客户主要是国内的还是海外的机器人的客户国内海外现在多有就是现在我给大家的要求包括我给我自己的要求前面50家就基本上能一家一家的搞过去 好了会议处理再播报一下提问方式好的下面进行提问方式播报电话端参会者提问请在话机上按1信号键等候先按1键再按信号键行之APP端可以通过界面右下方连麦申请申请发言您还可以通过左下角的文字互动栏进行文字互动行之H5端同步支持文字互动谢谢 提问方式再次播报电话端参会者提问请在话席上按1信号键等候先按1键再按信号键行之APP端可以通过界面右下方连麦申请申请发言您还可以通过左下角的文字互动栏进行文字互动行之H5端同步支持文字互动谢谢 曹总杨总那个在等待投资者其他投资人提问的时候我在想追问一个问题啊就是关于我们的这个新能源车业务的嗯嗯刚刚曹总也说到就是25年的话这个 这个会是我们就是收入占比会比较最大的一个模块,特别是海外客户会是有巨大的一个突破了。我不知道,其实海外客户的话,我相信在前两年的时候,我们已经跟市场也交流过,就主要是像南基斯为代表的这样的一个车企集团。 那就是在这个时间点的话我相信我们已经做了一些内部的这样战略 ...