Group 1: Current Business Performance - The company achieved a revenue of 1.891 billion in the first half of 2025, a decrease of 11.33% compared to the same period last year [2] - The net profit for the same period was 400.59 million, reflecting a decline of 22.67% year-on-year [2] Group 2: Capital Increase Project - The application for a capital increase project involving a 2*100,000 tons/year anthracene oil deep processing project was approved by the Shenzhen Stock Exchange on September 10, 2025 [2] - The project is pending approval from the China Securities Regulatory Commission, and the timeline for this approval remains uncertain [2] Group 3: Future Business Strategy - The company plans to expand coal chemical deep processing products into the new materials sector, including the production of industrial naphthalene, washing oil, and asphalt [3] - The existing modified asphalt production capacity is 200,000 tons/year, with future projects expected to enhance the product line in the new materials field [3] - The company aims to extend its carbon black products into high-end markets, with a project for fine processing of coal tar and special carbon black with a capacity of 70,000 tons/year [3] - A proposed 500,000 tons/year coal tar deep processing project has been approved, which will increase the company's processing capacity to one million tons [3] Group 4: International Expansion - The company is currently considering overseas expansion but has not yet established any international operations [3]

证券代码：002627 证券简称：三峡旅游 湖北三峡旅游集团股份有限公司投资者关系活动记录表 编号：2025-07 | | □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 （电话会议） | | | | 中信证券 李振寰 | 杨清朴 | | | 广发证券 包晗 | | | | 银华基金 薛泽岚 | | | | 中欧基金 刘昊 | | | | 嘉实基金 靳雨鑫 | | | | 财通证券 周诗琪 | | | | 华创证券 饶临风 | | | 参与单位名称及 | 银河基金 杨宁 | | | 人员姓名 | 长江自营 李昊明 | | | | 广发基金 陈哲 | | | | 长江养老 曾知 | | | | 富国基金 苏颖 | | | | 博时基金 付伟 | | | | 东吴基金 周玮琳 | | | | 申万宏源证券 赵令伊 | 杨光 | | | 申万菱信基金 付娟 | 黄书瀚 | | 时间 | 年 月 日 2025 9 23 | | | 地点 | ...

证券代码： 000031 证券简称：大悦城 6.请问公司今年下半年的拿地计划是什么？ 答:公司对新增土地储备的投资管理坚持资源聚焦、 优中选优，注重投资质量的同时严控风险，跟进项目均会 进行长期沟通和深入研判。今年以来，为规避公开市场土 地竞拍高溢价率风险，公司以跟进重点城市核心板块的项 目为主，一方面确保土地获取前期能对市场、客群、产品 做充分研判和打磨，另一方面确保以相对低且稳定的价格 获取土地，为项目投资预留一定安全垫。8月15日，大悦 城控股成功竞得三亚中央商务区东岸单元DA02-29-05A ／B地块，总地价7.84亿元，属于公司战略深耕区域。下 半年，公司将继续坚持投资强聚焦，立足已进驻城市深耕， 围绕抗风险能力强、周转效率高、盈利空间合理等硬性要 求优中选优，持续优化资源布局，重在确保投资质量和投 资成功率。 7.公司有没有考虑市值管理？ 答:公司高度重视市值管理，将继续严格落实《关于 改进和加强中央企业控股上市公司市值管理工作的若干 意见》和有关政策规定要求，做好市值管理工作，如有相 大悦城控股集团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 ...

Group 1: Sales Performance - The company's sales channel optimization has shown significant progress, with a 86.68% increase in revenue from Q1 to Q2 2025, indicating a recovery trend that aligns with company expectations [1] - The lactose acid mask launched in August last year has performed very well in sales during the first half of 2025, meeting company expectations [2] Group 2: Product Structure and Development - The company's product range includes medical devices and functional skincare products, featuring various forms such as masks, essences, lotions, and sprays [1] - The company has a robust pipeline of research projects, with ongoing efforts to enhance R&D capabilities following the establishment of a new R&D center in Shanghai [2] Group 3: Online Sales Channels - JD.com has emerged as a strong online sales channel, with the company enhancing its collaboration with JD to diversify product offerings and implement new promotional strategies, resulting in notable growth on the platform [2] Group 4: Future Plans - The company plans to continue launching new products in the upcoming quarters, with specific details to be announced in future communications [2] - Dividend arrangements for the third quarter are still under consideration, with updates to be provided through official announcements [2]

Group 1: Current Production and Market Outlook - The company's current production is stable, with maintenance completed in Q2 and an expected increase in output for Q3 [2] - Future potassium salt prices are projected to fluctuate around a central price of 3000 CNY/ton, which has increased compared to previous estimates [2] - The company is actively advancing the second million-ton project, the Laos Kaiyuan XDL project [2] Group 2: Resource Expansion and Development - The company is exploring opportunities in other resource sectors, including bauxite and copper, although significant uncertainties remain [3] - Progress in the Laos industrial park is on track, with multiple projects already under construction, including solar power, bromine, potassium sulfate, and compound fertilizer, aimed at reducing production costs and extending the product chain [3] - The company plans to enhance economic benefits through equity cooperation and raw material supply [3]

证券代码：300445 证券简称：康斯特 编号：20250923 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 东北证券 （以上排名不分先后） 时间 2025-09-23 地点 公司会议室 上市公司接待 人员姓名 刘楠楠 董事会秘书 李 广 证券事务代表 投资者关系活 动主要内容 校准与测试业务 （1） 公司产品的主要应用行业和客户类型有哪些？ 答：公司主营业务产品属于计量校准仪表，主要应用于石油化工、 电力等行业的计量校准实验室或热工实验室，以及厂区自控装置系统 相关压力、温湿度仪表的现场校准检测。客户包括自建实验室的中大 型企业、第三方检测机构等。 （2） 不同行业客户的需求差异如何？ 答：电力、石油石化等流程工业因被检仪表数量多，采购需求更 大；第三方检测机构需采购设备为客户提供服务；小型企业因成本考 虑通常选择送检而非自购设备。 （3） 产品生命周期和更换周期是多久？ 答：产品寿命一般为 5～8 年，实际更换周期取决于使用频次。围 绕用户需求，公司一直在通过持续研发新产品，与客户共同成长，进 ...

Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 21.257 billion, a year-on-year increase of 3.92% [2] - The net profit attributable to shareholders reached CNY 3.633 billion, up 13.93% from CNY 3.189 billion in the same period last year, marking a historical high [2] - The net profit excluding non-recurring items was CNY 3.461 billion, a 10.40% increase compared to CNY 3.135 billion last year, also a historical high [2] - Operating cash flow net amount was CNY 3.961 billion, growing by 21.45% year-on-year [2] - The weighted average return on net assets was 9.09%, an increase of 1.16 percentage points year-on-year [3] - Basic earnings per share were CNY 2.04, reflecting a growth of 13.97% [3] Business Segment Performance Pharmaceutical Business - The pharmaceutical segment generated CNY 4.751 billion in revenue, a year-on-year increase of 10.8% [4] - Sales of the core product, Yunnan Baiyao aerosol, exceeded CNY 1.453 billion, with a significant growth of over 20.9% [4] - Other traditional Chinese medicine products also saw notable growth, with sales of various products increasing significantly [4] Health Products - The health products segment reported revenue of CNY 3.442 billion, a year-on-year increase of 9.46% [4] - Yunnan Baiyao toothpaste maintained the top market share in the domestic market [5] - The Yangyuanqing hair care products achieved sales of CNY 0.217 billion, growing by 11% [5] Traditional Chinese Medicine Resources - The traditional Chinese medicine resources segment generated CNY 0.914 billion in revenue, a year-on-year increase of approximately 6.3% [6] Provincial Pharmaceutical Company - The provincial pharmaceutical company achieved a revenue of CNY 12.164 billion, with a net profit of CNY 0.351 billion, reflecting a year-on-year growth of 17.75% [7] R&D and Innovation - The company emphasizes innovation-driven development, focusing on both traditional Chinese medicine and innovative drugs [8] - Significant progress was made in the research and development of traditional Chinese medicine and innovative drugs [8] - The innovative drug project for prostate cancer, INR101, has entered phase III clinical trials, with 60 subjects enrolled [9] - The treatment project for prostate cancer, INR102, has received clinical trial notification and has initiated phase I trials [9] - Research results in AI and cutting-edge technology have been published in reputable journals [9]

Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., is focused on the development of wind power gearboxes and is currently advancing its smart factory project for gearboxes [2][3]. Financing and Investment - The company plans to raise up to 600 million RMB through a private placement of A-shares, with funds allocated for the wind power gearbox smart factory (Phase I) and working capital [2]. - The fourth extraordinary general meeting of shareholders was held on September 15, 2025, to approve relevant proposals for the private placement [2]. Product Advantages - The company's gearboxes feature advantages such as smooth engagement, low noise, good sealing performance, high efficiency, lightweight, and low cost, attributed to advanced technology and processes [3]. - Gear materials are high-quality alloy steel, treated with processes like carburizing and quenching to enhance wear resistance and fatigue life [3]. Technical Barriers - The wind power gearbox is a critical component requiring high reliability and long lifespan, with design and manufacturing processes that are complex and demanding [3]. - Key barriers include: - **Technical Barriers**: High design and manufacturing precision requirements, validated through rigorous testing [3]. - **Financial Barriers**: Capital-intensive nature of the industry, requiring significant investment in equipment and R&D [3]. - **Customer and Certification Barriers**: Stringent supplier entry requirements and long validation cycles of 2-3 years [3]. - **Brand and Talent Barriers**: New brands face challenges in gaining trust, and the industry requires multidisciplinary talent [3]. Smart Factory Progress - As of August 2025, the company has invested 1.231 billion RMB in the wind power gearbox smart factory, with construction of civil works completed and production equipment largely delivered [3][4]. - The company is currently focused on equipment debugging and ensuring the stability of production processes to achieve scalable production [4]. Capacity Planning - The smart factory is in a critical construction phase, with core production equipment deployed, but full capacity release is still in the early stages due to several factors [4]. - The factory's capacity will follow a "steady ramp-up" approach, with ongoing monitoring of production line integration, personnel training, and equipment debugging [4].

| | 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 □一对一沟通 ☑ | | | □其他（电话会议） | | 参与单位名称及人员 | 深圳市财沣投资有限公司-谢楠、岳玲萍；厦门金时资产管理 | | | 有限公司-秦正君、田小娟；杭州贵信投资管理有限公司-刘新 | | 姓名 | 浩、邹晓；浙江思悦投资管理有限公司-何建刚；浙江南鼎资 | | | 产管理有限公司-潘泼涛；杭州中众私募基金管理有限公司-谢 | | | 秀香；杭州中财绿汀投资有限公司-黄钰贤 | | 时间 | 2025 年 9 月 19 日星期五 | | 地点 | 集团总部白药空间 | | 上市公司接待人员 | 董事会秘书-钱映辉，证券事务代表-李孟珏，投资者关系管理 | | | -张昱 | | 投资者关系活动主要 | 了解公司生产经营情况等相关问题 | | 内容介绍 | | | 附件清单 | 会议记录 | 1 / 1 投资者调研会议记录表 编号：34-2509-02 云南白药集团股份有限公司 ...

Group 1: Sales Performance - In the first half of 2025, the company's overseas revenue reached 443 million RMB, accounting for 37.83% of total revenue, with a year-on-year growth of 11.54% [2] - Sales revenue for leisure lifestyle products in the first half of 2025 was 148 million RMB, representing a year-on-year increase of 40.38% [4] Group 2: Market Strategy - The company focuses on expanding its marketing network in major consumer countries for stationery and cultural products, with ongoing development of overseas production bases in Vietnam, Cambodia, and Malaysia [2][3] - Future channel strategies include deepening market penetration, enhancing brand visibility through exhibitions, and expanding partnerships with leading trendy toy chains [5] Group 3: Product Development - The company is advancing new product categories, particularly in card games and plush toys, with the "Zhu Xian" card game successfully launched, leveraging its classic IP [6][7] - Recent developments in plush toys include the "Anpanman" and "Hatsune Miku" series, which are now available through both online and offline channels [7] Group 4: International Expansion - The company is actively promoting cultural IP products in Southeast Asia, capitalizing on the region's growing demand for creative products as economic conditions improve [7] - Notable overseas IP licenses obtained include SANRIO and Hatsune Miku, indicating a strategic push into international markets [7]