Group 1: Company Performance and Challenges - The company anticipates a loss in 2024 due to underperformance in the acquisition of subsidiaries and the Smart City project, leading to impairment provisions for goodwill and related assets [1] - The company has been in the optical communication industry for over 30 years and has established a stable market position, with its brand recognized as a leading name in fiber optic cable R&D and production [1][2] Group 2: Industry Recognition - The company has received multiple accolades, including being named one of the top ten most competitive companies in China’s optical communication sector for 2024, as well as in fiber optic cables and optical transmission and network access equipment [2] Group 3: International Expansion - The company is actively expanding into international markets, having established a professional marketing network across over 40 countries and regions, creating a comprehensive sales and service system [2] Group 4: Risk Management and Compliance - The company is under risk warning due to previous financial misstatements but is eligible to apply for the removal of this warning after 12 months from the regulatory decision, provided its operations remain normal [2]

证券代码：300162 证券简称：雷曼光电 深圳雷曼光电科技股份有限公司 2025 年 2 月 19 日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 □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 （电话会议） 华福证券 高鑫龙 | 钟俊杰 | 国弘天下 | | | 融和基金 黄景荣 | 万志刚 | 路演时代 | | | 中天国富证券 李艳平 | 李玉田 | 墨山私募 | | 参与单位名称及 | 友博私募 梁文玉 | 邓家淇 | 沐德资产 | | 人员姓名 | 欧锋科技 孙 琴 | 欧咏群 | 川江投资 | | | 邮储银行 杨尧尧 | 杨 克 | 厦门驻深办 | | | 黄石产业投资 杨 涛 | 孙 旺 | 贵阳驻广深办 | | 时间 | 2025 年 2 月 19 15:00-17:00 | 日 | | | 地点 | 深圳市南山区松白公路百旺信工业园二区雷曼大厦 | | | | 上市公司接待人 ...

证券代码：300953 证券简称：震裕科技 债券代码：123228 债券简称：震裕转债 宁波震裕科技股份有限公司 投资者关系活动记录表 编号：2025-003 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 参与单位名称 及人员姓名 民生证券、泰康资管 时间 2025 年 2 月 19 日 地点 现场调研 上市公司接 待人员姓名 董事长 蒋震林先生 董事、副总、模具事业部总经理 周茂伟先生 董事会秘书、副总 彭勇泉先生 投资者关系活 动主要内容介 绍 风险提示： 本次调研涉及公司未来发展展望、预计及目标等均不构成本公司的 实质承诺，投资者及相关人士等均应对此保持足够的风险认识。 公司 2024 年 10 月公告依托公司在超精密机械零件设计及制造领域 沉淀的全球一流的技术能力，成立子公司作为人形机器人等新兴领域的 产业发展平台专注精密零部件的设计和制造。新兴行业的成长通常会经 历相对较长的发展周期，在发展初期营收占比较小且需要在技术研发、工 艺完善、设备选型及团队建设方面进行大规模投资，中后期行业的发展和 市场开拓也会面临较大的不确 ...

证券代码：002518 证券简称：科士达 深圳科士达科技股份有限公司投资者关系活动记录表 编号：2025-002 | | ☑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 （投资者网上说明会） | | 参与单位名称及 | 银华基金、中泰证券、长城证券、信见投资、宏利基金、广发证 | | 人员姓名 | 券、东证资管、华商基金、金鹰基金、天弘基金、中邮基金、鹏 | | | 华基金 | | 时间 | 2025 年 2 月 18 日-19 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总经理、董事会秘书：范涛先生 | | 员姓名 | 证券事务代表：张莉芝女士 | | | 证券事务专员：郑皓匀女士 | | | 首先，范涛先生对公司情况进行了介绍，然后开始投资者交流环 节。 | | | 投资者提问：公司数据中心业务中各行业客户的结构如何？ | | | 范涛先生回答：公司数据中心业务客户覆盖金融、通信、互联网、 | | | 轨道、政府等行业，覆盖面较广。其中 ...

Group 1: Company Overview and Business Progress - Guoneng Rixin Technology Co., Ltd. is actively involved in the distributed photovoltaic power forecasting sector, responding to national standards and policies [2][3]. - As of the end of 2023, the company serves 3,590 renewable energy stations, with a projected increase in service stations by the end of 2024 [3]. - The company maintains a high renewal rate of over 95% for its power forecasting services as of Q3 2024 [3]. Group 2: Market Outlook and Regulatory Impact - By the end of 2025, the national installed power generation capacity is expected to exceed 3.8 billion kW, with a year-on-year growth of approximately 14% [4]. - The proportion of coal power in total installed capacity is projected to decrease to one-third by 2025, while wind and solar power installations are expected to surpass coal power [4]. - New regulations from the National Development and Reform Commission and the National Energy Administration aim to enhance the marketization of renewable energy pricing, which will impact investment decisions and operational quality for renewable energy companies [5][6]. Group 3: Technological Advancements and Product Development - The company has launched the "Kuangming" new energy model, which enhances forecasting accuracy for wind and solar power, extreme weather, and electricity spot markets [9]. - The introduction of the DeepSeek domestic open-source model is expected to improve technological innovation, cost control, and service capabilities across various industry applications [9]. - The company is focusing on developing a comprehensive suite of solutions for distributed power generation, including power forecasting systems and integrated software for power regulation [7][8]. Group 4: Future Strategies and Market Adaptation - The company plans to enhance service quality and capabilities in response to evolving market demands and regulatory changes [6]. - There is an expectation for increased participation of distributed power stations in the electricity trading market, contingent on provincial policy updates [7]. - The company aims to leverage big data and artificial intelligence to improve management efficiency and trading outcomes in the evolving electricity market [6].

编号：2025 -01 | 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（请文字说明其他活动内容） | | 华源证券 | 邓思平 邵晋伟 | | 华夏基金 | | | 参与单位名称及人员姓名 金友投资 | 胡庶 | | 金友投资 | 万里晗 | | 时间 | 2025年02月19日 10:00—11:30 | | 地点 | 公司会议室，现场会议方式 | | | 副总经理、董事会秘书 李洁 | | 上市公司接待人员姓名 | 证券事务代表 尹思悦 | | | 1、2024 年，公司经营情况？ | | | 答：（1）2024 年公司经营整体向好，根据公司披露的《2024 | | 投资者关系活动主要内容 | 年度业绩预告》（2025-02），公司 2024 年归属于上市公司股东的 | | 介绍 | 净利润区间为盈利 6.65 亿元—7.65 亿元，同比增长 35.82%— | | | 56.25%。受区域电力市场交易及新能源影响，2024 年公司平均上网 | | ...

Group 1: Market Competition and Strategic Adjustments - The company faces severe market competition across all segments and plans to implement strategic adjustments through technology innovation, supply chain management, internal management enhancement, sales channel expansion, and global layout [2][4]. Group 2: Product Applications in Data Centers - The company offers various products for data centers, including active filters, static reactive power compensators, capacitors, three-phase imbalance adjustment devices, dynamic voltage regulators, low-voltage line voltage regulators, uninterruptible power supplies (UPS), laser generator power supplies, unified power quality regulators (UPQC), and energy storage PCS [2][3]. Group 3: Advantages in Power Quality - As one of the earliest developers of low-voltage power quality products, the company has pioneered the use of three-level modular technology in this field. Its power quality products cover harmonic treatment, reactive power compensation, voltage sag protection, and industrial UPS, demonstrating a leading position in significant projects across various industries [4]. Group 4: R&D Investment Focus - Future R&D investments will continue to focus on industrial power supply (power quality + industrial power), new energy power conversion equipment, electric vehicle charging services, and battery testing and formation equipment, with ongoing efforts to explore new application scenarios and develop innovative products [4]. Group 5: Impact of Policy Changes - The recent policy by the National Development and Reform Commission and the National Energy Administration emphasizes market-driven pricing for new energy, shifting the demand for energy storage from policy-driven to value-driven. This change may initially impact energy storage installation volumes but will ultimately promote high-quality, market-oriented development in the industry [5][6].

Group 1: Company Overview - The company, established in 1997, focuses on the R&D, production, and sales of precision components and intelligent equipment, extending its business into high-end aerospace manufacturing and industrial automation [1] - The core competitive advantage is based on four interconnected industries: tooling, casting, precision machining, and intelligent manufacturing [2] Group 2: Business Strategy - The company aims to leverage its core competitive advantages to build a three-tier industrial chain: - First tier: Strengthening existing businesses and expanding into range-extended and hybrid vehicle components [2] - Second tier: Targeting core components for electric vehicles, hydrogen fuel, and natural gas vehicles [2] - Third tier: Utilizing existing resources to enter new markets such as "industrial mother machines," humanoid robots, automotive transmission, and automation industries [2] Group 3: Product Range - The main products include core components for automotive turbochargers, new energy vehicle parts, aircraft cabin components, and intelligent manufacturing systems [3] - The company also offers high-precision ball/roller screw assemblies and high-precision rolling guideways for industrial mother machines and humanoid robots [3] Group 4: Market Outlook - The global trend towards stricter energy-saving and emission reduction standards is driving the growth of hybrid vehicle sales and increasing the penetration rate of turbochargers [4] - The company has established a strong reputation and customer base in the turbocharger industry, positioning itself well for future growth as new production capacity is released [4]

Company Overview - The company focuses on developing its own brands and exclusive agency brands, with a current emphasis on the X-BIONIC brand [2] - The sales channels are primarily direct sales, with some distributors for X-BIONIC and HOUDINI brands [2] Financial Performance - The 2024 revenue forecast is between CNY 760 million and CNY 840 million, with a net profit loss estimated between CNY -20 million and CNY -30 million [2] - The company expects stable year-on-year performance despite the impact of the termination of cooperation with certain brands and the establishment of a joint venture [2] Store Expansion Plans - In 2025, X-BIONIC plans to open 15-20 new stores, with one-third being direct stores and two-thirds being distributor stores [4] - HOUDINI aims to open nearly 20 new stores, primarily single-brand stores [4] - CRISPI will test small single-brand stores in Shanghai and Beijing, with potential for increased investment based on feasibility [4] Dealer Engagement - Dealer enthusiasm for opening stores is high, driven by the popularity of outdoor products and the experience of dealers in the outdoor sector [5] - Recent openings of X-BIONIC stores have received positive feedback from dealers [5] Competitive Strategy - The company will enhance brand exposure by focusing on the technological functions, professional quality, and brand characteristics of X-BIONIC products [6] - Strategies include improving retail store image, sponsoring outdoor sports events, and increasing media presence [7]