Group 1: Company Overview - Yantai Jereh Petroleum Service Group Co., Ltd. is actively engaging with investors through various activities, including site visits and specific object research [2] - The company has established a strong reputation in the North American power industry, supported by successful sales and leasing cases of gas turbine generator sets [3] Group 2: Product Performance and Customer Recognition - The company's gas turbine generator sets meet high standards for reliability, response speed, operational flexibility, and stability, particularly in data center applications [3] - The North American high-end customer repurchase reflects the company's product performance, business experience, delivery capability, and comprehensive service strength [3] Group 3: Future Business Outlook - The company plans to focus on three key areas: data centers, industrial energy, and new power systems, emphasizing technological innovation and product iteration [4] - An integrated solution covering power generation, energy storage, distribution, and thermal management will be developed to enhance the safety, reliability, and operational efficiency of energy systems [4] Group 4: Supply Chain Development - The company has established long-term stable partnerships with major gas turbine manufacturers such as Siemens, Baker Hughes, and Kawasaki Heavy Industries [5] - A diversified gas turbine supply system is being built to enhance supply chain resilience and provide integrated power solutions [5] Group 5: On-Site Visit Insights - The site visit included an introduction to the geographical location, layout, and functional planning of the company’s facilities, showcasing high-end equipment manufacturing and natural gas industry parks [6] - Key equipment such as fracturing equipment, cementing equipment, and gas turbine generator sets were presented, along with explanations of their components and operational principles [6]

Group 1: Company Overview and Development Direction - The company's core development direction focuses on intelligent drilling, aiming for "comprehensive perception, intelligent decision-making, and automated control" to enhance efficiency, safety, and precision in drilling operations [2][3] - Current product lines include real-time measurement tools, high-temperature screw drill tools, horizontal well technologies, wellhead devices, and new products like high-pressure acidification hoses [3] Group 2: Mergers and Acquisitions Strategy - The company completed the acquisition and capital increase of IAE in 2024 and plans to continue pursuing external growth through mergers and acquisitions [4] - Future M&A efforts will focus on high-quality targets within the oil and gas drilling equipment industry and related fields with synergistic development potential [4] Group 3: Procurement and Operational Efficiency - Overseas procurement varies by region; for example, Central Asia uses a bidding process, while North America emphasizes supply chain security and requires thorough evaluations before partnerships [5] - The rental business has lower gross margins compared to sales due to higher operational costs, but the company is implementing lean management and ERP systems to enhance efficiency [6] Group 4: Market Position and Growth - The company's growth is primarily driven by its own performance rather than industry expansion, as the domestic market is relatively stable with limited growth opportunities [10][11] - The company is capturing market share from competitors through superior technology and product offerings while actively exploring overseas markets for growth [11] Group 5: Employee Stock Ownership and Shareholder Relations - The company has implemented an employee stock ownership plan in 2024 and will continue with a new plan in 2026; there are currently no plans for major shareholders to reduce their holdings [11] Group 6: Product Differentiation and Market Outlook - The company's ultra-wear-resistant high-pressure acidification hoses offer advantages over traditional steel pipes, including better adaptability in mountainous regions and potential for cost reduction [11] - The product is already widely used in North America, with expectations for future growth in domestic markets as safety validations are completed [11]

Group 1: Company Overview - The company is a major base for military aviation and defense equipment, as well as a significant manufacturer of large civil unmanned aircraft and key components for civil aircraft [2][3] - In January 2025, the company completed a major asset restructuring, achieving overall listing of its core military assets [2][3] - The company has developed various military aircraft, including J-5, J-7, and J-20, and has capabilities across the entire chain of high-end aviation equipment [3] Group 2: Development Plans - During the "14th Five-Year Plan" period, the company aims to establish a new pattern of coordinated development across defense equipment, civil aviation, and military trade, focusing on technological innovation [4] - The goal is to enhance production capacity and combat effectiveness, while building a high-level aviation talent center and innovation hub [4] Group 3: Aerospace Business - The aerospace industry is a key component of the national strategic emerging industries, with the company focusing on innovation and structural optimization [5] - The company’s subsidiary is responsible for the research and production of the "Haolong" cargo spacecraft, marking a significant breakthrough in aerospace equipment [5] Group 4: Military Trade - The company has over 40 years of experience in military trade and is a major export base for aviation equipment [6] - Since May 2025, following international regional conflicts, the company has seen increased attention on its military trade products and has engaged in various market promotion activities [6] Group 5: Reforms and Innovations - The company is implementing multi-dimensional measures to support the reform of Guifei, focusing on enhancing manufacturing capabilities and optimizing product structure [7] - The National High-end Aviation Equipment Technology Innovation Center, established with government approval, aims to foster technological innovation and produce high-level aerospace products [7]

Group 1: Business Strategy - In 2026, Midea's business strategy focuses on "core growth," aiming to achieve a leading global position in white goods and HVAC sectors, targeting to be "number one or two" globally [2] - The company emphasizes the need to strengthen market advantages in technology innovation and user experience to achieve its global market goals [2] - Midea plans to maintain strategic focus on robotics, energy, and healthcare sectors, which have significant market potential and are crucial for navigating economic cycles [2] Group 2: Raw Material Management - Midea has implemented bulk procurement strategies to mitigate the impact of raw material price fluctuations, which have seen significant volatility [3] - In 2021, copper prices increased by approximately 40%, leading to a slight decline in net profit margin by less than 1%, but by 2022, the net profit margin had returned to an upward trajectory [3] - The company will address future raw material price volatility through cost reduction via technology development, product structure upgrades, efficiency improvements across the value chain, and optimized supply chain management [3] Group 3: AI Empowerment - Midea's Wuhu kitchen appliance factory has been recognized as a "lighthouse factory" by the World Economic Forum, marking it as the first fully AI-enabled water heater factory globally [4] - The factory utilizes AI for comprehensive data transparency across 23 process nodes, with a 39% improvement in end-to-end delivery cycles, significantly exceeding the industry average improvement of 10%-15% [4] - Midea is integrating AI tools into its home appliance products, creating a unified ecosystem of "people, vehicles, and homes," and collaborating with major partners like Huawei and BYD to enhance connectivity [5]

证券代码：001201 证券简称：东瑞股份 东瑞食品集团股份有限公司 投资者关系活动记录表 编号：2026-01 | | 特定对象调研 分析师会议 | | --- | --- | | | 媒体采访 业绩说明会 | | 投资者关系活动类别 | 新闻发布会 路演活动 | | | 现场参观 | | | 其他 2025年度业绩预告交流会 | | 参与单位名称及人员姓名 | | | | 2026年1月30日20:00，公司通过价值在线平台线 上交流的形式，组织了2025年度业绩预告交流会， | | | 就公司2025年度经营情况进行了交流。参与投资机 | | | 构有：华泰证券-王煜坤；广东融昊资管-李良旭；华 | | | 西证券-魏心欣；招商证券-施腾、李秋燕；成都保盛 | | | 家族资管-王国森；东兴证券-程诗月；方正证券-邱 | | | 星皓；耕霁（上海）投资-刘璟欣；广发证券-李雅琦； | | | 国金证券-张子阳；国泰海通证券-王艳君；国信证券 | | | -李瑞楠；华安证券-王莺；华创证券-陈鹏；华福证 | | | 券-申钰雯；华鑫证券-娄倩；华源证券-顾超；山西 | | | 证券-陈振志 ...

| 为企业提供集办公组网与安全防护于一体的一站式解决方案，保 | | --- | | 障企业办公访问体验便捷高效、数据安全全面可控。 | | Q:公司节点的情况及后续节点增加计划。 | | 目前,公司在全球建设了 2,800 多个节点，业务覆盖 90 多个 | | 国家和地区，在全球范围内搭建高速网络，保障快速、安全、稳 | | 定的访问体验。后续，公司主要是根据业务发展的需求进行节点 | | 优化。 | | Q:AI 应用、Agent 及用量的增加对公司带来的机会。 | | 您好，我们也非常关心 AI 应用、Agent 的发展，更多的希 | | 望看到多模态、跨模态等形式的应用起来，具备大带宽、低延时、 | | 高并发的特点，为边缘计算带来更多的机会。 | | 目前，公司一方面继续建设分布式边缘计算平台，贴近客户 | | 做产品及解决方案，包括 AI 网关、AI 实时搜索等；另外，公司 | | 通过子公司爱捷云开展算力云服务进行卡位，参与现阶段的市场 | | 机会。 | | Q:看到了海外 CDN 厂商和英伟达的合作，公司在边缘节点硬件上 | | 的投入策略是什么。 | | 对于边缘计算平台，公司已经完成第 ...

Group 1: Digital Currency Business - The company provides a full-stack technology service for digital RMB, including hardware terminals, software systems, and integrated ecological operation solutions. It has participated in multiple digital RMB wallet promotion projects across various sectors such as tourism, transportation, retail, and cross-border trade [2] - The company has launched a digital RMB foreign currency exchange machine that supports real-time exchanges of currencies like HKD, USD, GBP, JPY, and EUR, enhancing payment convenience for domestic and foreign individuals [2] - The company has established a comprehensive digital RMB service platform in the Beibu Gulf region, which serves as a model for cross-border trade applications [4] Group 2: Robotics Development - The company has established a wholly-owned subsidiary, Guangzhou Super Intelligent Robotics Co., Ltd., focusing on the robotics industry, particularly humanoid robots and key technologies [4] - The market demand for intelligent banking solutions is high, with over 220,000 bank outlets nationwide, providing significant sales opportunities for the company's robotic products [4] - The company is leveraging its extensive service network of over 600 service stations to reduce market expansion costs for its robotic products [4] Group 3: AI and Big Data - The company has developed the "Wangdao" industry big model, which integrates financial technology and urban intelligence knowledge, with applications in various fields such as government services and smart operations [4] - The model is built on a high-quality industry data set, incorporating 50TB of general data and 10 billion tokens of industry training data, ensuring completeness and accuracy [4] Group 4: Computing Power Business - Guangdian Wuzhou focuses on domestic computing power products and solutions, establishing strategic partnerships with major chip manufacturers like Huawei and Feiteng [6] - The company emphasizes profitability and competitive differentiation in its computing power business, achieving revenue and profit growth in the first half of the year [6] - The company has launched innovative products, including liquid-cooled servers, enhancing its technological leadership and product competitiveness [6] Group 5: International Business Development - The company has expanded its overseas market since 2003, establishing eight branches and covering over 120 countries, maintaining a positive growth trend [7] - The company leverages its domestic digital transformation experience to enhance its competitive advantage in international markets, fostering collaboration between domestic and overseas operations [7] - The company's reputation for quality service has improved its brand recognition and trust among international banking clients [7]

证券代码：002338 证券简称：奥普光电 长春奥普光电技术股份有限公司 投资者关系活动记录表 编号：2026-01-001 | 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 | | 参与单位名称及 | 中金资管 顾柔刚 泓德基金 刘运昌 | | 人员姓名 | 长城财富 赵达 民生证券 周晓萌 | | | 国投证券 张天然 中信证券 张清源 | | | 东北证券 武芃睿 郭梦琳 孙启迪 | | | 富国基金 赵年珅 孙彬 徐斌 | | | 西部证券 徐凡 刘砚菲 | | 时间 | 2026 年 1 月 29 日 | | 地点 | 公司第一会议室 | | 上市公司接待人 | 董事会秘书：沈娟 | | 员姓名 | 证券事务代表：周健 问答环节： | | | 1.工业相机部分毛利率怎么样？竞争格局上面主要优势是哪 | | | 些？ | | 投资者关系活动 | | | | 目前公司相机产品主要是面向一些特殊应用领域及特殊需求 | | 主要内容介绍 | 的客户做定 ...

Group 1: Company Overview - The company primarily promotes high-voltage cascade energy storage systems, while also covering low-voltage intelligent string-type energy storage systems applicable in various scenarios [2]. - The main customer base consists of power grid enterprises, "Five Big and Six Small" energy groups, and large industrial enterprises [2]. Group 2: Impact of Market Conditions - The rise in upstream lithium ore prices has no impact on the independent energy storage stations already constructed in Guangdong Province [2]. - Short-term effects on energy storage equipment sales and system integration business are expected due to rising raw material prices, but long-term control is anticipated as sodium battery technology advances [2]. Group 3: Project Updates - The first phase of the Pingyuan independent energy storage station has completed the 168 test and is awaiting grid connection procedures, aiming for operation before the Spring Festival [2]. - The company plans to accelerate the grid connection procedures for the second and third phases of Qingyuan and the second phase of Pingyuan, targeting operation in the first half of this year [2]. Group 4: Future Expansion - The profitability of independent energy storage stations is closely related to provincial policies, and the company is monitoring policy releases and project information to determine implementation and cooperation models [2].

Group 1: Business Development and Strategy - The company faced significant price reduction challenges in the automotive parts market due to intense competition, prompting a focus on internal management transformation and cost reduction strategies [2] - In 2025, the company implemented a cost control strategy that led to a substantial decrease in procurement expenses, resulting in a significant year-on-year increase in total profit and net profit attributable to shareholders [2] - The company plans to expand its business through mergers and acquisitions, targeting both automotive thermal management and other high-value automotive parts industries to enhance core competitiveness [3] Group 2: International Business Expansion - The company aims to strengthen its overseas business management and planning in 2026, with profitable operations already established in India, Thailand, Slovakia, and Morocco [4] - The Thai factory is experiencing rapid growth, and there are plans to build factories in ASEAN countries to tap into emerging markets [4] - In North America, the company expects significant improvements in performance due to better management practices and increased local production rates, addressing fluctuating tariff policies [5] Group 3: Energy Storage and Thermal Management - The energy storage thermal management business, initiated in 2021, faced challenges due to market conditions but is expected to recover significantly in 2025, particularly in the electric truck sector [6] - The company is considering entering the data center temperature control market to enhance its position in the water cooling market [6] Group 4: Market Value Management - The core of market value management is solid performance support and a clear future development outlook, with significant improvements in internal governance and business expansion since the acquisition by Changjiang Industrial Group [8] - The reduction of shareholding by major shareholders has alleviated market concerns, and the company plans to enhance market value management through diversified information disclosure and strengthened investor relations [8]