证券代码：002028.SZ 证券简称：思源电气 思源电气股份有限公司投资者关系活动记录表 Q5：如何评价2025年思源电气在国网招标的表现？ A5：2025 年公司在国网的中标量有所提高，公司非常感谢客户的信任，同时 又感到责任重大。公司将努力按照客户的要求生产制造产品并履约交付，用 良好的交付表现回馈客户的信任。 编号：2026-002 | 投资者关系活 | ☑特定对象调研 □媒体采访 | □分析师会议 | | | --- | --- | --- | --- | | 动类别 | □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 | 招商证券、华泰证券、Franklin Templeton、上银基金、同德磐石资管、光 | | | | | 大资管、浙商证券、山西证券、爱建证券、乘安资产、华西证券、益理资产 | | | | | 管理、中信证券、玖鹏资产、东吴证券、景商私募基金、驼铃资产、建信保 | | | | 及人员姓名 | 险资管、朱雀基金、水璞基金、国联民生证券、森锦投资、国金基金、国海 | | | | | 证券、弥远投资 ...

Group 1: Fundraising and Project Adjustments - The company announced a change in fundraising strategy, terminating the "Expansion of Large-Sized Light Guide Plate Project" to improve fund utilization efficiency. Remaining funds will be allocated to the TAC film project and the reflective polarizing film project [1] - The TAC film and reflective polarizing film projects are aimed at addressing domestic supply chain issues, with TAC film currently monopolized by Japanese suppliers and reflective polarizing film primarily supplied by American and Japanese companies [2] Group 2: TAC Film Project Progress - As of June 2025, Anhui Jiguang has obtained the construction permit for the factory, and construction is progressing steadily [3] - Major equipment for the TAC film project is expected to arrive and undergo testing in the first half of 2026 [3] - Laboratory test samples have been sent to downstream polarizer and panel manufacturers for evaluation, with results aligning closely with Anhui Jiguang's internal assessments [3] Group 3: Financing and Stakeholder Support - Anhui Jiguang has received support from various stakeholders, including Sanlipu (representing the polarizer segment) and Beijing Electric Control Investment (representing panel manufacturers), ensuring comprehensive industry participation [4] - The company has secured multiple rounds of financing and government subsidies, resulting in sufficient funding for project advancement [4] Group 4: Production Capacity Planning - The first phase of the TAC optical film production line is designed to produce approximately 60 million square meters annually [4] - Future expansion plans will depend on the progress of the initial project phase [4]

北京中关村科技发展（控股）股份有限公司 投资者关系活动记录表 编号：2026-001 证券代码：000931 证券简称：中关村 投资者关系 活动类别 特定对象调研 分析师会议 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 活动参与人员 华安证券 谭国超 怀新投资 张 红 时间 2026 年 1 月 21 日 地点 北京市朝阳区霄云路 26 号鹏润大厦 B 座 22 层公司会议室 形式 线下（公司会议室） 上市公司接待 人员姓名 董事兼总裁：侯占军 副总裁：范秀君 副总裁兼董事会秘书：黄志宇 交流内容及具 体问答记录 一、公司生物医药板块收入占比已超 80%，战略产品盐酸羟考酮注射 液收入持续增长，未来在羟考酮系列在研产品（缓释片、氨酚羟考酮片） 的审评推进时间表及上市后市场推广策略如何？ 答：1、盐酸羟考酮缓释片、氨酚羟考酮片的审评推进时间 麻精类产品是公司旗下北京华素制药股份有限公司（以下简称：北京 华素）的特色产品，已在麻精镇痛领域形成了原料+制剂系列一体化的产 品集群，目前北京华素的羟考酮系列拥有盐酸羟考酮原料药及盐酸羟考酮 片、盐酸羟考酮注射液。公司致力于组建目前国内羟考酮品类最全的产品 ...

证券代码：002983 证券简称：芯瑞达 编号：2026-001 | | 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（ 现场调研 ）  | | 参与单位名称及人 | 国富基金 樊博文 | | 员姓名 | 国盛证券 徐程颖 | | | （以上排名不分先后） | | 时间 | 2026年1月20日 | | 地点 | 合肥市方兴大道6988号芯瑞达科技园 | | 上市公司 | | | 接待人员姓名 | 董事会秘书兼财务总监：唐先胜 | | 投资者关系活动主 | 问题1、公司业务规划情况 | | 要内容介绍 | 回答： | | | 公司以 "聚焦核心（模组）、专注核心、产业向上" 为战略重 | | | 心，一直潜心深耕显示技术，巩固并提升核心显示模组业务优势，加 | | | 速车载显示业务落地，积极探索布局 AI+AR新领域。 | | | 公司已将 AI+AR 眼镜核心显示技术与光机组件布局定位为种子 | | | 业务。公司依托在Mini/Micr ...

| | 【请在您选择的方式的"（ ）"中打"√"，下同】 （ √）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 | | | | （ （请文字说明其他活动内容） | ）其他 | | 参与单位名称及 | 嘉实基金：翟放 | | | 人员姓名 | | | | 时间 | 2026 年 1 月 21 日 | | | 地点 | 山推股份办公楼 203 会议室 | | | 上市公司接待 | 袁青、肖尧、董建军 | | | 人员姓名 | | | | | 一、互动交流 | | | | 1、公司矿山业务进展： | | | | 公司坚定推动矿山战略，集中优势资源，系统布局了矿山施工 | | | | 全场景的高端装备，构建以大马力矿用推土机、高驱推土机为核心， | | | 投资者关系活动 | 涵盖了大型矿用挖掘机、矿用平地机与 TEH 系列刚性矿卡的矿山产 | | | 主要内容介绍 | 品矩阵，相关产品均已推向市场，公司已在高技术门槛、高附加值 | | ...

Group 1: Company Overview and Market Position - Suzhou Gude Electronics has established itself as a comprehensive supplier in the semiconductor device industry, evolving from a school-run enterprise since 1990 to a major player with a complete product line [1][2] - The company ranks third globally in market share for front silver paste and second in low-temperature silver paste, indicating a strong competitive position [2][3] Group 2: Product Performance and Sales Forecast - The shipment volume for silver-coated copper paste is projected to be nearly 100 tons in 2024, with a slight decline expected in 2025 due to industry challenges [1][2] - The company anticipates a modest growth in domestic sales despite a predicted downturn in the photovoltaic sector, supported by a focus on high-quality customer relationships [3] Group 3: Technological Innovations and Cost Management - The company has prioritized the use of domestic raw materials, including silver powder, and has achieved breakthroughs in low-temperature technology to enhance product performance [2] - Cost reduction strategies include mass production of low-silver-content silver paste, which helps maintain competitive pricing [2] Group 4: Future Growth and Capacity Expansion - The company is prepared to expand production capacity in its Malaysian subsidiary in response to increasing overseas demand, while also maintaining a low debt-to-asset ratio [3] - Predictions indicate a significant increase in demand for silver-coated copper products, driven by advancements in technology and market expansion [3]

Group 1: Financial Performance - The company expects a net profit loss of 200 million to 300 million yuan for 2025, compared to a profit of 360 million yuan in the same period last year [2] - The net profit after deducting non-recurring gains and losses is projected to be between 160 million and 240 million yuan, a year-on-year decrease of 63.56% to 45.34% from the previous year's profit of 439 million yuan [2] Group 2: Competitive Advantages - The company's storage business has significant competitive barriers due to its integrated design capabilities, specialized testing equipment, and long-term collaborations with leading SOC chip design companies [3] - The company maintains a unique technological advantage with proprietary testing equipment that is not sold externally, creating hardware barriers [3] Group 3: Product and Market Strategy - The storage business primarily targets B-end customers, with brands such as Jingkai and Yinmeng for external sales [3] - The company plans to balance its focus between photovoltaic and storage sectors, aiming to become a leading third-party DRAM storage module enterprise within two to three years [3] Group 4: Industry Outlook and Mergers - The storage business is expected to grow continuously over the next three years, driven by market demand and the company's core competitive strengths [5] - The company has acquired 51% of Yinmeng Holdings in 2024 and plans to acquire 62.5% of Jiangsu Jingkai in 2025, completing an integrated supply chain for the storage industry [5] Group 5: Risk Management - The company does not directly bear the risks of significant fluctuations in silver prices, utilizing silver futures to hedge against price volatility [6] - The storage business's lack of wafer production capacity is mitigated by its integrated processing capabilities, ensuring diverse wafer procurement to meet production needs [7]

Group 1: Revenue and Market Trends - The company's oral repair membrane revenue has slightly declined in the past two years due to product price fluctuations and increased competition in the private dental market [4] - The demand for dental implants is slowing down, but the company aims to strengthen its market position through precise marketing strategies and collaboration with leading end-users [4] - The company remains optimistic about the growth potential in the dental implant market, as there is still a significant gap in penetration rates compared to developed countries [5] Group 2: Product Development and Market Position - The company’s calcium silicate bio-ceramic oral bone repair material is designed for use with barrier membranes and is suitable for alveolar bone defect repair [4] - The company has prepared for product launch by ensuring sufficient production capacity and developing a differentiated marketing strategy based on innovative material components [4] - The uterine repair membrane is currently in the registration phase, while the breast patch project has completed clinical trials and is preparing for registration [6] Group 3: Future Plans and Financing - The company will assess the necessity of financing based on future strategic needs and overall capital structure [6] - The company is committed to maintaining transparent communication with investors and adhering to information disclosure regulations [6]

证券代码：301595 证券简称：太力科技 广东太力科技集团股份有限公司 投资者关系活动记录表 编号：2026-003 答：公司亚马逊渠道近两年实现较大增长，核心原因在于对 品牌与运营的精细化深耕：一方面，公司通过精细化运作品牌旗 舰店，重点打造战略品线的精品页面，系统传达企业的研发理 念、高端品牌调性与全球社会责任等核心价值，推动产品销量与 品牌影响力的双重提升；另一方面，凭借长期积累沉淀的研发创 新能力，公司不断获得亚马逊平台及终端消费者的认可。未来， 公司将进一步整合成熟跨境市场资源，依托平台、渠道、品牌及 团队的综合优势，持续夯实并提升跨境业务的核心竞争力。 Q4：公司股权激励的增长目标中，新业务的贡献如何？ 答：公司股权激励的增长目标设定兼具合理性与可实现性， 既为市场清晰传递了业绩增长指引，也充分考量了激励对象达成 目标的可行性。该增长目标的实现，核心驱动力来源于新业务的 贡献，新业务具备较强的盈利能力，其稳步增长将有效带动公司 整体收入与利润规模提升。同时，公司将通过多维度举措保障目 标达成：在费用端，借助精细化管控降本、AI技术应用赋能及业 务结构优化调整，实现费用率稳步下降；此外，公司还将积 ...

Group 1: Financial Performance and Cost Management - The cost of electricity generation for the company's waste incineration power business is competitive within the industry, with specific cost components including franchise rights amortization, maintenance, and operational costs [2]. - The company’s heat and power project is positioned favorably in terms of cost control and profitability compared to industry peers [2]. Group 2: Strategic Acquisitions and Market Position - The acquisition of Huaxin Color Printing is a strategic move aimed at diversifying revenue streams and finding opportunities for market integration, as the environmental protection industry has shifted from incremental to stock competition [2]. - The company aims to establish a second growth curve by integrating market-oriented and cash flow-positive industries, with Huaxin Color Printing aligning with its strategic needs [2]. Group 3: Industry Trends and Future Opportunities - The company is actively monitoring industry trends and is open to exploring new business growth points in the environmental protection sector, including potential entry into niche markets or emerging industries [2]. - Current operations focus on solid waste treatment in the living sector, with ongoing attention to resource utilization in the renewable energy field, although no related business has been initiated yet [2]. Group 4: Challenges and Risk Management - Some regions face challenges with insufficient waste for incineration power projects, leading to the excavation of landfills to increase waste processing capacity [2]. - To mitigate industry risks, the company maintains good communication with government entities and enhances project operations and profitability through collaborative waste treatment strategies [2]. - The company is also engaged in green certificate trading to promote sustainable development in line with national carbon neutrality policies [2].