电商有几个文字提问第一个是这个投资者还是关心咱们能不能抹除了这个最新存单这样的一个情况请您大概介绍一下包括就是他想看一下分区域就是我们不是三大块嘛就是新疆、河南、甘肃嘛这三个区域分别的抹除存单情况大概怎么样啊我们就是现在 确定了明年的三百万三百五十万到四百万目标我们可能呃就会逐渐的增加这个母猪的这个这个量因为今年的我们是全年就刚才给大家汇报了预计可能大概完成三百万出头所以今年基本上我们一直呃能发母猪量就控制在十三万头左右明年的可能按照我们明年制定的三百五十万到四百万的这个目标会向下增加这个能发母猪能发母猪 13万头应该在新疆应该在我看新疆是6万头左右吧这个河南大概有5万5这个甘肃大概有个2万5左右大概是这样我看新疆6万新疆5万5大数新疆和河南比新疆稍微少一点 明白 就是那今年年底我们传大概要增量到多少目前还是个13万左右可能它这个量还要根据它这个储燃节奏不断地增加起来可能在最近这今年年底或者明年上半年吧 也举动出这样的数量分件下来明白然后另外一个投资者呢就是比较关注饲料这边的一些情况就是他想问的问题是就是随着这个下游散户的这么一个减少嘛其实今年饲料全行业其实都面临着一定的外销的这么种压力啊就是世卫未来对于啊这 ...

大禹节水 20241128 摘要 • 大禹节水，成立于 1994 年，深交所创业板上市公司，拥有近 3,000 名员 工，业务覆盖全国 30 个省份，项目落地规模巨大，营收结构多元化，涵 盖农水工程、装备制造、信息化和生态环境治理等领域。 • 公司核心业务场景包括水利工程（城乡供水、水利工程、灌区现代化）、 农业服务（土地流转、高标准农田、设施农业）和生态环境治理（盐碱地 治理、农村污水处理）。 • 装备发展集团是公司核心板块，专注于灌溉设备制造，核心产品滴灌带具 有国际竞争力，测量控一体化闸门技术领先全球，为国家数据安全做出贡 献。 • 绘图科技集团提供信息化解决方案，包括山洪预警、防汛抗旱系统和数字 孪生技术应用，为公司智能化运营提供技术支撑，订单量近年来显著增长。 • 公司采用全产业链布局模式，从规划设计到投融资、智能制造和项目交付， 以及后续运营管理，实现全面覆盖，并通过设立五个区域中心，有效管理 全国市场。 • 公司积极应对极端天气，与政府合作，利用信息化技术进行精准预测和应 急响应，有效减少损失，提升了防汛抗旱能力。 • 公司未来发展战略：深耕农水领域，继续朝轻资产方向发展，扩大信息化 团队，提升 ...

Company and Industry Summary Company Overview - The company discussed is involved in the electric vehicle (EV) sector, specifically focusing on models like the S9 and EU5, with a partnership with Huawei for sales and marketing strategies [1][2][3]. Key Points and Arguments Sales Performance - The company has seen a significant increase in sales, with monthly sales exceeding 10,000 units since June, and expectations to maintain this level through November and December [2]. - The S9 model has received 8,000 orders, which have been fully delivered, and there are ongoing discussions about strategies to boost its sales further [4][5]. Product Development - The company plans to launch new models, including a long-range version of the S9, expected to be unveiled at the Shanghai Auto Show in the first half of next year [3][6]. - There is a focus on expanding the product lineup, with plans for two additional models in Beijing by 2026 [2]. Strategic Partnerships - The collaboration with Huawei is emphasized, with Huawei's sales strategy allowing for cross-selling between their models (M9 and S9) [5][16]. - The company is leveraging Huawei's distribution channels, which include both direct and authorized dealerships, to enhance market penetration [16][18]. Market Positioning - The company aims to position itself in the mid-to-high-end market segment, targeting educated professionals and business owners [13][22]. - There is a recognition of the competitive landscape, particularly against established brands like Audi and BMW, with a focus on improving product features and customer perception [14][15]. Future Outlook - The company expresses confidence in future sales growth, particularly with the introduction of new models and enhancements to existing ones [7][26]. - There is an acknowledgment of the challenges posed by market conditions and consumer preferences, particularly regarding battery technology and pricing strategies [8][34]. Additional Important Content - The company is exploring solid-state battery technology but acknowledges current limitations in cost and efficiency [8]. - There is a focus on maintaining a balance between production capacity and market demand, with plans to increase capacity from 120,000 to potentially 200,000 units [17]. - The company is also addressing profitability concerns, with strategies to improve operational efficiency and reduce costs [26][28]. Conclusion - The company is actively expanding its product offerings and sales strategies in the competitive EV market, with a strong partnership with Huawei and a focus on mid-to-high-end consumer segments. Future growth is anticipated through new model launches and enhanced sales strategies, despite challenges in the broader market environment.

Company and Industry Summary Company Overview - The company is engaged in the humanoid robot assembly outsourcing business, with order amounts reaching 20-30 million yuan this year, expected to increase to over 100 million yuan next year, with a unit price of approximately 100,000 yuan [2][3] Key Points and Arguments Humanoid Robots - The company collaborates with a domestic humanoid robot company for assembly outsourcing, completing several hundred units this year, with total order amounts reaching 20-30 million yuan [3] - Anticipates an increase in order volume to over 1,000 units next year [3] - Involved in producing components for humanoid robots, such as six-force sensors, with related orders amounting to 5-6 million yuan this year [3] Flexible Robots - The company has developed a flexible robot, the "Little Horse Head" robot, which is currently in the R&D stage and may be applied in unmanned factories in the future [4] - A battery swapping robot has been delivered to clients like Luxshare and Foxconn, with a few orders received, and profit margins similar to the 3C business [4] New Energy Vehicle Automation - The new energy vehicle automation team has secured its first project worth over 10 million yuan, with a total project scale of around 100 million yuan, and is negotiating additional projects totaling 20-30 million yuan [5] - The gross margin for the new energy business segment exceeded 25% in the first three quarters, with some high-margin projects reaching over 30% [5] Low-altitude Economy - The low-altitude economy business includes a partnership with China Telecom's unmanned technology for a project involving 500 drone automatic airports, currently in the bidding stage [6] - Each drone airport is valued at approximately 200,000 yuan, with potential for additional orders in the future [6] Semiconductor Business - The semiconductor business outlook for next year is optimistic, with expectations of 40-50 customized equipment orders totaling over 100 million yuan [7] - If order volumes increase and achieve economies of scale, this segment is expected to turn profitable [7] Additional Important Information - The company is actively diversifying into multiple high-tech fields, including humanoid robots, flexible robots, new energy vehicle automation, low-altitude economy, and semiconductors, showcasing a diversified development strategy [2] - The overall gross margins for the company's business are generally high, with some projects exceeding 30%, indicating strong profitability and market competitiveness [2]

我们选投资需谨慎好的最近的各位机构投资者大家晚上好我是国海证券70行业的手艺分析师戴士昌非常感谢大家在网上发您的黄金时间结合到我们电话会议当中那今天的话我们汇报是华阳集团的深度报告新产品新客户放量注意高成长逻辑兑现切射性整体生态化龙头有望崛起 那我们在上周五的时候就在这周五的时候也发布了整个华阳值的深度也是在当前时间看好整个华阳的一个经营的观点的问题而整个华阳的话我觉得未来段时间未来半年应该会有相应不错的操作的收益应该会跑赢整个其他大盘也作为一个重点的呈现那今天的话呢就是给大家详细的去汇报一下我们对华阳的理解包括整个华阳后面的一个核心的一个增长的逻辑 呃整个报告有几个部分啊第一部分的话是对整个公司的一个发展历程进行了一个复盘呃最核心的是想强调公司从这个2021年到2023年的这个抓住了这个电动化的机遇啊整个产品线跟客户都有非常大的拓展而这些拓展最后兑现在业绩上是从整个二三十四亿度开始是直到现在 以及明年都会持续的对应到公司的意志上这个也是我们去关注包括全新X点看法的核心原因因为整个公司从去年的4月份开始从二三年的四月份开始整个收入和利润的增速明显上了台阶整个公司的产品新产品和新客户的放量已经开始在业绩里面兑现 ...

Company and Industry Summary Company Overview - The company is involved in the pharmaceutical industry, focusing on chronic disease medications, particularly for hypertension and diabetes management. Key Points and Arguments Product Development and Market Entry - Two key products have been successfully included in the medical insurance directory, expected to generate approximately 100 million in revenue each within a year [1] - The company anticipates that the sales of these products will exceed initial expectations, with projections of reaching up to 500 million in revenue in the future [1] - The company has a robust pipeline with multiple products expected to launch, including hypertension medications and diabetes treatments, which will enhance the product line significantly [3][4] Clinical Trials and Data Expectations - The company is optimistic about upcoming clinical trial data, with a high probability of positive results expected by the end of December [2] - Safety and efficacy data from ongoing trials show promising results, with no significant differences observed between the treatment and placebo groups [12] - The company is preparing for potential FDA discussions regarding trial data and product approvals [19] Financial Projections - The company expects to achieve revenue growth of 10% next year, with new product launches contributing significantly to this growth [4] - Anticipated revenue for the current year is around 600 million, with projections for next year ranging between 200 to 300 million [25] - The company aims for a long-term growth trajectory of over 20% starting in 2026, driven by new product introductions and market expansion [28] Market Dynamics and Competitive Landscape - The company has a strong position in the hypertension market, with a significant patient population and a well-established product line [6][7] - The competitive landscape is challenging, with many companies vying for market share in chronic disease medications, but the company believes its innovative products will maintain a competitive edge [8][9] - The company is not significantly affected by competitors' failures in similar therapeutic areas, as its products are distinct and have established efficacy [10][22] Innovation and Future Outlook - The company is focusing on innovative drug development, including small molecules and gene editing technologies, to enhance its product offerings [5] - There is a strong emphasis on research and development, with plans to introduce several new products in the coming years [5][17] - The company is also exploring international markets for potential product licensing and partnerships, indicating a strategic approach to global expansion [17] Regulatory and Pricing Strategies - The company is actively engaging with regulatory bodies to ensure compliance and facilitate product approvals [15][19] - Pricing strategies are being carefully considered, with a focus on maintaining competitive pricing while ensuring profitability [13][14] Additional Important Insights - The company is aware of the complexities in the chronic disease medication market, including patient adherence and physician preferences, which will influence product uptake [24] - There is a recognition of the need for ongoing education and marketing efforts to promote new products effectively [22][24] - The company is committed to maintaining a strong cash flow to support ongoing research and development initiatives [8][27]

那么今天我们也是有幸请到了云顶科技的董毅相总和艾拉贺总来对公司的近况进行一个交流那么我先做一个矛盾引用的云顶科技是山东能源 底下的这样一个组公司主要覆盖的是矿山电力化工资源的行业为其提供数字化的这种应用与数字化的解决方案曾经公司是叫山东低矿后来在2020年进行了一个战略转型改名为林鼎科技主要是聚焦工业互联网和智能化的建设将原有的这样一个低效的业务进行了一个剥离同时收购了北斗天帝和国度科技的一个大部分股权在2022年同时公司又收购了天津德中电器57%的股权也是进一步加强了公司在 智慧矿山业务的这一块的一个建设那其实我们也看到公司这两年在不断的深化智慧矿山的这块建设那同时也是携手华为打造这个盘古矿山的智慧矿山的大模型那近这两年公司也是取得了不错的这样一个业绩那二三年在持续项目增效的情况下呢营利能力得到一个持续的一个提升那实行规模性利润从比增长146%那么在二四年中报我们也可以看到实现了这样一个营收和利润的双增长 那公司持续近期也是维持了这样一个持续相当好的这样一个发展的一个态势那接下来我们就有请云顶科技的董立香跟向总来为我们介绍一下公司的一个情况 我是云顶科技的总编向阳首先非常感谢大家对云顶科技的支持和关注也很荣 ...

Key Points Summary Industry and Company - **Company**: China Railway Group Limited (CRG) - **Industry**: Construction and Infrastructure Core Views and Arguments - **Strategic Focus**: CRG is focusing on consolidating and upgrading the construction industry while fostering the development of emerging industries. This includes new infrastructure, new equipment, new materials, new energy, and new services. CRG is also accelerating six transformations: high-end, intelligent, green, digital, refined, and international. - **Reform Measures**: CRG has implemented 36 measures covering corporate governance, management improvement, production and operation, overseas development, and risk prevention. The company has also streamlined its organization and optimized its assessment system to improve efficiency. - **Innovation**: CRG has established a 1+9+N scientific and technological innovation system, actively promoting the transformation of scientific and technological achievements, and collaborating with universities and enterprises to develop technologies in fields such as artificial intelligence and green low-carbon energy. - **Debt Resolution**: CRG is actively resolving its debt issues and expects significant progress next year. Some local governments have started to repay loans, and long-term low-interest loans have been used to provide local governments with financial space. - **Cash Flow**: The construction industry experienced a recovery in the fourth quarter, improving CRG's cash flow. However, the company still faces pressure to achieve its annual goals. CRG is actively promoting the "100-Day Big Push" campaign to boost performance. - **Cash Flow Improvement**: CRG has formulated a "3,251" special action plan to collect 300 billion yuan in receivables within three years, reduce 200 billion yuan in contract assets, and improve cash flow and profitability. - **Profitability Outlook**: CRG expects improved profitability in the future, with the expectation of policy support for infrastructure projects. The company will continue to improve order profitability and cash flow capabilities, and deepen its presence in overseas markets. Other Important Points - **Institutional Adjustment**: CRG has upgraded some third-tier companies and downgraded underperforming second-tier companies based on its development strategy. - **Project Implementation**: There is a trend of accelerating the implementation of projects. CRG organized the "100-Day Big Push" campaign to achieve quality and quantity improvements in new orders, revenue, and profitability. - **Debt Resolution Impact**: Debt resolution involves one province with a total amount of 5 billion yuan, of which more than 2 billion yuan has been repaid. - **Efficiency Improvement**: CRG has taken measures to improve efficiency, including increasing order profitability, conversion rate, and cash flow capabilities, and actively giving up low-quality orders. - **Profitability Outlook**: CRG expects annual profit growth and matching cash flow, reflecting the company's shift towards high-quality development. - **Local Government Debt Repayment**: There is no clear priority for local government repayment of engineering fees. Local governments tend to prioritize the use of fees for民生 projects and key projects rather than specific enterprises. - **Infrastructure Project Progress**: Infrastructure projects in the fourth quarter have improved, but there are no significant regional differences. The progress of water conservancy and large-scale water projects has been normal under national financial support. However, PPP projects have been affected, and the construction of urban infrastructure depends on local financial support. - **Order and Revenue Pressure**: CRG faces certain pressure on orders and revenue for the whole year. The company expects policy measures in December to alleviate some of the pressure. - **Overseas Business**: The company's overseas orders decreased in the first three quarters due to its high-quality operation requirements. However, overseas revenue performance has been good, with an expected share of about 6% of total revenue. - **Overseas Market Development**: CRG will continue to focus on the African, Middle Eastern, and Latin American markets. - **European Market**: CRG has made significant progress in the European market, especially in Eastern Europe. Its tunnel boring machines have been successfully exported to Switzerland, and it has participated in the construction of a high-speed railway project in Serbia, which was completed this year. - **Market Value Management**: CRG is actively carrying out various work in accordance with regulatory requirements, including the formulation and implementation of market value management plans. - **Dividend Distribution**: CRG aims to maintain a stable dividend distribution level, even if there are fluctuations in performance, to enhance investor confidence. - **State-owned Assets Supervision and Administration Commission (SASAC) Market Value Assessment**: SASAC will mainly use the salary and performance assessment system for market value assessment. The specific scheme has not been released yet but is expected to include process assessment and indicators such as stock price and EPS. - **Strategic Emerging Industries (SEI) Revenue and Profit Ratio**: The revenue share of SEI is less than 9%, but its profit share is close to 20% due to the high overall profit margin of SEI. SASAC's requirement is around 9%, and the expected indicator will be further improved. - **SEI Specific Fields**: SEI mainly covers new infrastructure, construction-related fields such as ecological governance, land afforestation, advanced environmental protection, high-efficiency energy conservation, and resource recycling, underground comprehensive transportation, underground integrated facilities, and deep space exploitation and utilization. - **New Equipment**: CRG plans to consolidate its leading position in the field of high-end engineering equipment and expand into new energy engineering equipment, offshore engineering equipment, and modern agricultural equipment. At the same time, it will develop intelligent equipment and smart products, such as construction robots and intelligent monitoring systems. - **New Materials**: CRG has established a new materials research institute and has a second-tier company, Kunlun Group, focusing on bamboo winding technology. Bamboo winding uses the outer layer of bamboo with a growth period of 4-5 years, wrapped into various cylindrical shapes through an independently owned adhesive, and applied to urban pipeline construction and water supply and sewage treatment. - **New Services**: CRG provides inspection and testing, remote sensing surveying and mapping, geological surveying, engineering consulting, and supply chain management services. - **PPP Project Receivables**: There are no receivables拖欠 issues in the construction phase of PPP projects. The subsidy gap is listed in long-term receivables and is basically paid on a regular basis each year, with a scale of only tens of billions of yuan, which will not pose a major risk to the future. - **M&A and Restructuring**: M&A and restructuring are mainly focused on the five star赛道 of new infrastructure, new materials, new energy, and new services. The company is actively searching for and screening targets and welcomes investors to recommend suitable targets. - **Real Estate Business**: The real estate market experienced significant fluctuations this year, but CRG's performance was still acceptable. The company will continue to focus on risk and return, not pursuing scale growth, but adjusting strategies according to实际情况. With the introduction of national policies to reduce inventory, the company believes that there is still demand for the real estate market, and once the inventory reaches a reasonable level, the gross profit margin will recover.

然后再自由提问云总您这边先讲一下吧好的谢谢云总请问我的声音能听清楚吗能的能的好的好的谢谢云总主持邀请来参加这个会议大家好我是创造的瑞克 那那这块的话呢我就是先把这个整体的这个整个一个情况来跟最新的还有一些啊整个的一些进展的情况呢跟各位做一个整个的一个汇总啊那个首先从几块来去看一个是说在我们的整个的这个AI能力方面来讲啊 整个就是创造在操作系统和端测智能这块的作为一个战略的推进那么当前我们看到AI确实很多的产品结构发生很大的产业界包括整个端测里边发生很大的机会和一些变化比如随着OpenAI模型的推出对吧然后还有像AI Agent等等逐步的越来越走上 AI里面的重点的关注等等,就有很多的机会。创达在整个AI领域的话,我们一直布局在围绕端特领域。实际上创达的模型能力就是我们本身的AI能力,面向AI的应用场景,分为语音、视觉与图像以及多模态这种的模型。 然后这些模型的能力会跟这些面向AI的端测能力跟我们产品业务的矩阵包括一些垂直的场景密切结合AI实际上是单面向AI过程中有不同的阶段AI相当于AI能够自主行动对理解和推理来自我决策和执行能力类似一个智能体 那么在这个过程中其实我们也一直在AI政策方面有产品的技术和推进比 ...

Key Points Industry/Company Involved - **Industry**: Luxury retail and tourism - **Company**: A luxury retail company with a significant presence in China, particularly in Hainan Core Views and Arguments - **Hainan Market Performance**: - **Seasonality**: Hainan experiences a clear seasonal trend with peak sales during winter and the Chinese New Year. [1] - **Recent Developments**: The company is investing in enhancing customer experience and service at its stores in Hainan. [2] - **Supply Chain Improvement**: The company has improved its supply chain efficiency, reducing the time from purchase to delivery to as little as four hours. [5] - **Cost Optimization**: The company has established a regional operation center in Hainan to optimize resource allocation and reduce costs. [6] - **Online Sales**: - **Importance**: Online sales remain a significant revenue and profit contributor. [8] - **Strategies**: The company is continuously analyzing consumer trends and adjusting pricing and marketing strategies accordingly. [9] - **KOL Engagement**: The company encourages KOLs to promote its products on social media platforms like Xiaohongshu. [10] - **Capital Expenditure**: - **Electricity**: The company expects minimal capital expenditure for its electricity business, primarily due to existing contracts and the potential for expansion within existing properties. [12] - **Dividends and Repurchases**: The company aims to maintain a dividend payout ratio of 40% or higher. [13] - **Retail Operations**: - **Efficiency Improvement**: The company is focused on improving operational efficiency across its retail operations, including procurement and inventory management. [14] - **Growth Opportunities**: The company is exploring opportunities to expand its product range, particularly in the areas of domestic luxury brands and international expansion. [15] Other Important Points - **Luxury Consumption Trends**: The company acknowledges the shift in luxury consumption patterns, with a focus on experience-based spending and the rise of domestic luxury brands. [16] - **Brand Collaboration**: The company is working closely with luxury brands to adapt to changing consumer preferences and market conditions. [18] - **Domestic Luxury Brands**: The company is actively promoting domestic luxury brands within its stores and exploring opportunities for further collaboration. [19] - **Overall Outlook**: Despite the challenging environment, the company remains optimistic about its future performance, driven by its focus on operational efficiency and strategic initiatives. [21]