| 序号 | 机构名称 | 姓名 | 参会方式 | | | 调研时间 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 北京诚盛投资 | 魏琦 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 2 | 北京沣沛投资 | 李爽 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 3 | 北京恒诚拓新 | 高文力 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 4 | 北京金百镕投资 | 马学进 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 5 | 北京久银投资 | 周月婵 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 6 | 北京清和泉资本 | 柯嘉雯 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 7 | 北京橡果资管 | 魏鑫 | 线上调研 | 2025 | 年 1 | 月 | 17 | 日 | | 8 | 北京星石投资 | 蒋京杰 | 线上调研 | 2025 | 年 1 ...

Group 1: Investor Relations Activity - The investor relations activity included a site visit to SuningMax Shanghai Wujiaochang store on January 17, 2025 [1] - Participants included representatives from various investment firms such as Dymon Asia, Cyber Atlas, and IDG Capital [1] - The meeting was attended by company officials including Wang Kun, Wang Yu, and Liu Lei [1] Group 2: Key Discussion Points - Investors focused on the implementation of national subsidy policies and their impact on sales performance [1] - The discussion covered store layout, performance across different product categories, and brand marketing strategies [1] - Plans for new store openings in the region were also addressed [1] Group 3: Compliance and Disclosure - The company adhered to its information disclosure management system, ensuring the accuracy and completeness of the information shared [1] - No significant undisclosed information was leaked during the meeting [1] - The company signed a commitment letter as required by the Shenzhen Stock Exchange [1]

证券代码：300888 证券简称：稳健医疗 稳健医疗用品股份有限公司投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | √其他 （电话会议） | | 参与单位名称 | 华夏基金、博时基金、交银施罗德基金、民生加银基金等 位机构投资者， 235 | | 及人员姓名 | 名单详见附件（排名不分先后） | | 时间 | 2025 年 1 月 17 日 | | 地点 | 总部会议室/电话会议 | | 上市公司接待 | 监事、稳健医疗轮值 CEO：吴克震 | | | 董事、全棉时代副总裁：廖美珍 | | 人员姓名 | 副总经理、董事会秘书：陈惠选 | | | 一、管理层介绍 | | | 2024 年，感染防护产品高基数对财务报表的扰动已过去，医疗板块回归 | | | 到常态化运营；全棉时代在保持毛利率稳定的状态下，每个季度收入增速逐 | | | 季提升（一到三季度收入增速分别是 7%、13%和 21%），全棉时代回归到健 | | ...

| | 问：碧橙在电商代运营行业的市场地位如何，以及未来的盈 | | --- | --- | | | 利能力如何？ | | | 答：正如前面讲过，天猫六星，抖音钻石，拼多多也是头 | | | 部。未来盈利稳定增长，结合梦网的协同，有信心更高速地 | | | 增长。 | | | 问：碧橙在微信小店的打法及主要业务是什么？ | | | A：微信小店主要服务有全域布局需求在微信开店的品牌，一 | | | 般打包在与天猫、抖音等合作中，一起做运营、投流。过去 | | | 运营微信小店最大问题是流量获取，微信投流工具相对有 | | | 限。未来可以利用阅信将品牌店铺引流到微信小店。 | | | 问：具体讲讲在AI上的布局 | | | 答：在当下环境，营销环境愈加复杂，市场主导权转向买 | | | 方，需要关注消费者情绪和价值观。因此重视消费者体验和 | | | 需求的变化。那么AI在营销场景就尤为关键了，比如像广告 | | | 创意的内容生成和优化。那梦网有和智谱以及火山合作，提 | | | 升创意内容。同时我们会定向的个性化展示内容，精准分发 | | | 给用户。提高转化率。此外我们还在布局消息智能体，训练 | | ...

Group 1: Natural Gas Heavy-Duty Engine Business Outlook - The company has over 20 years of experience in the natural gas heavy-duty truck market, maintaining a leading position due to strong R&D capabilities and technical expertise [1] - The penetration rate of natural gas heavy-duty trucks remains high, supported by economic advantages and improved infrastructure [1] - In December 2024, the company launched new natural gas commercial vehicle power products, including the WP8NG4.0 and WP16NG4.0 engines, designed for various market needs with high power, reliability, and safety [1] Group 2: New Energy Product Development - The company has increased investment in new energy technologies, including fuel cells, pure electric, and hybrid systems [2] - It has developed a complete range of new energy powertrains and core components, achieving significant differentiation and mass sales across various commercial vehicle segments [2] - In December 2024, the company introduced a full series of new energy commercial vehicle power batteries, featuring high safety, large capacity, lightweight, fast charging, long lifespan, and good low-temperature adaptability [2] Group 3: Smart Agriculture Business - The company focuses on intelligent agricultural machinery and smart agriculture, providing comprehensive mechanization solutions for modern agriculture [3] - Positive factors such as improved industry conditions and competitive advantages in high-horsepower products are expected to drive high-quality development in this sector [3]

| 附件清单（如有） | 无。 | | | | | | --- | --- | --- | --- | --- | --- | | 日期 | 2025 | 年 | 1 月 | 20 | 日 | | 时间 | 2025 年 1 月 17 日 | | --- | --- | | 地点 | 电话会议 | | 上市公司接待人 | 公司董事会秘书宋文宝 | | 员姓名 | | | | 活动期间谈论的主要内容如下： | | | 1、行业发展概况 | | | 制冷空调设备应用领域广泛，是重要的经济基础设施，市场空 | | | 间广阔。根据国家政策规划，食品安全、能源安全、节能降碳、 | | | 冰雪经济等多个领域均将对制冷空调设备迎来又一轮的存量 | | | 改造和增量需求。 | | | 2、公司优势 | | |  细分市场优势：深耕细分市场，比较优势突出 | | | 产品优势：冷热产品覆盖-272~430℃全温域  | | |  技术优势：核心技术突出，形成设备+工程的综合实力 | | | 管理优势：打造事业和利益共同体，激发管理层动力  | | 投资者关系活动 |  客户资源优势：覆盖投资+消费领域头部客户， ...

附件二：投资者关系活动记录表格式 证券代码： 002404 证券简称：嘉欣丝绸 浙江嘉欣丝绸股份有限公司投资者关系活动记录表 编号：2025001 | 投 资 者 关 系 活 | □特定对象调研 | □分析师会议 | | --- | --- | --- | | 动类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场调研 | | | | ■其他 线上交流 | | | 参 与 单 位 名 称 | 农银汇理 周宇 | | | 及人员姓名 | 中海基金 俞忠华 | | | | 华鑫资管 张伟民 | | | | 东方资管 何雪频 | | | | 沣京资本 景戎鑫 | | | | 深圳尚诚资管 黄向前 | | | | 上海云门投资 俞忠华 | | | | 深圳创富兆业 吴贇宇 | | | | 上海趣时资管 章秀奇 | | | 时间 | 2025 年 1 月 17 日 | | | 地点 | 线上电话会议 | | | 上 市 公 司 接 待 | 董事会秘书 郑晓 | | | 人员姓名 | | | | 投 资 者 关 系 活 | | 交流公司生产经营情况（以机构提问，公司回答的方 ...

投资者关系活动记录表 证券代码：300080 证券简称：易成新能 | | □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 | | | □新闻发布会 □路演活动 | | 类别 | ☑现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 东方财富证券副总裁：邓娟 | | | 东方财富证券河南分公司负责人：余海松 | | 人员姓名 | 东方财富证券河南分公司机构业务管理总监：魏河城 | | | 东方财富证券郑州营业部负责人：魏佳 | | 时间 | 2025 年 1 月 17 日 | | 地点 | 河南郑州 | | 上市公司接待人 | 易成新能党委书记、董事长：杜永红 | | | 易成新能副总裁、董事会秘书：常兴华 | | 员姓名 | 易成新能副总裁：陈炯明 | | | 易成新能一级经济师：吕晓斌 | | | 易成新能副总经济师：裴津峰 首先杜永红介绍了易成新能 2024 年的经营情况、取得的 | | | 成绩以及 2025 年的发展战略和目标。杜总指出，易成新能围 | | | 绕"高端碳材、新型储能"，不断优化产品结构，积 ...

Group 1: Robotics Development - The company has launched the Tianhe C1, a bipedal robot focused on research, education, and interactive services, utilizing a self-developed intelligent computing platform [2][3] - Future product lines include the Tianqing series for flexible manufacturing and the Tianxi series for general humanoid robots, aimed at enhancing data collection and service applications [3] Group 2: Industrial Internet Progress - The company released the Tian Shu iSSMeta2024 digital twin simulation platform, featuring significant upgrades in modeling and simulation capabilities [4] - Focus areas include digital simulation factories and production simulation, integrating AI and digital twin technologies for enhanced service offerings [4] Group 3: PC Brand Developments - The mechanical revolution brand showcased new gaming laptops at CES 2025, featuring GeForce RTX 50 series GPUs, with multiple models targeting different gamer segments [5] - The brand also launched a new series of commercial laptops, enhancing product offerings for various user needs [5] Group 4: OpenGauss Contributions - The company is a key contributor to the openGauss community, developing a customized commercial version and a one-stop migration service tool [6] - Recognized as a significant contributor in the openGauss community, the company aims to provide comprehensive database solutions across various industries [6] Group 5: HarmonyOS Ecosystem - The company is a certified HarmonyOS development service provider, successfully implementing projects that demonstrate interoperability with HarmonyOS [7][9] - Collaborations with over 400 ecosystem partners have led to the development of more than 1,100 products, covering various sectors such as smart home and health care [9]

Market Overview - The market for tap changers is niche and limited in scale, closely tied to large infrastructure projects. Long-term growth is expected, but the average industry growth rate will not be particularly fast [3][5]. - The global market for tap changers has low market share for the company in overseas markets, despite being a leading domestic player. The company’s market share in sales volume is relatively high domestically, but lower in higher value-added markets where imports dominate [4][5]. Industry Trends - Demand for tap changers is driven by the expansion of transformer markets, which is closely linked to grid investments and fixed asset investments. Key growth factors include macroeconomic growth and increased electricity demand, particularly due to global energy transitions and the rise of industries like electric vehicles and renewable energy [5][6]. - The delivery cycle for transformers may be extended if relying solely on overseas production, but utilizing Chinese production capacity can shorten delivery times [6]. Company Strategy - The company is focusing on building overseas channels, including establishing partnerships and teams in Europe, with a French office already set up and an Indonesian factory nearing completion [7][19]. - The company aims to enter the Middle East and U.S. markets, with ongoing assessments and local team building as primary tasks [14][19]. Competitive Landscape - The company faces competition from established players with decades of experience, particularly in the U.S. and European markets. The competitive landscape is challenging, but increasing demand in overseas markets presents opportunities for growth [16][40]. - The company maintains two brands, "Huaming" and "Changzheng," to enhance service and customer relations while reducing internal competition [37]. Financial Performance - The company’s overseas direct and indirect export performance improved in the third quarter, with expectations for continued growth in overall revenue [56]. - The gross margin for overseas tap changer business is typically higher than that of domestic sales, with future stability in gross margin dependent on revenue growth and cost control [57][58]. Product Development - The company has made progress in high-voltage products, delivering seven units of ultra-high voltage products last year, with plans for operational deployment [39]. - The company’s products are primarily on-load tap changers, with a focus on maintaining high quality and reliability, which is critical given the potential risks associated with product failure [42][45]. Regulatory and Market Challenges - Tariffs have a minimal impact on the company due to its competitive pricing and faster delivery capabilities [18]. - The company is cautious about entering markets with high entry barriers and is focused on building long-term reliability and experience in overseas markets [26]. Future Outlook - The company anticipates stable capital expenditures focused on production efficiency improvements and technology upgrades, with no significant large-scale investments planned [61]. - The company is optimistic about the long-term demand for transformers and related components, although it acknowledges the challenges of matching production capacity with fluctuating market demands [30][31].