Group 1: Company Strategy and Market Position - The company is expanding production through refinancing to meet the growing energy demands of the AI era, focusing on steel shell laminated and energy storage battery projects [1] - The steel shell laminated project targets the high-end AI wearable market, while the energy storage battery project addresses the needs of AIDC, residential storage, and commercial storage [2] - The company’s existing production capacity is fully utilized, necessitating further expansion to meet future market demands [2] Group 2: AI Business and Revenue Contribution - The AI-related business currently contributes significantly to revenue, with AI PCs being the main contributor due to high market penetration [2] - The company anticipates a structural change in growth momentum, with emerging AI projects like AI glasses batteries and various robotics power solutions expected to drive future revenue growth [3] - The company aims to enhance the overall revenue share from AI-related solutions in the coming years, optimizing its profit model and potentially reshaping its valuation structure [3] Group 3: Market Outlook and Product Development - The global AIDC energy storage market is projected to grow explosively, with lithium battery shipments expected to reach 15 GWh by 2025 and 69 GWh by 2027, ultimately exceeding 300 GWh by 2030 [4] - The company is actively developing high-rate battery products for the AIDC market, focusing on reliability and performance to meet high-demand applications [4] - The company is optimistic about the long-term prospects of the AIDC storage market and is strategically positioning itself through technology development and customer engagement [4] Group 4: Future Market Trends and Challenges - The energy storage market is expected to thrive in 2026, driven by AI infrastructure, global energy transition, and grid upgrades [5] - The company plans to focus on high-end sectors such as residential and commercial storage, leveraging its experience in consumer electronics to ensure safety and quality [5] - The company is addressing raw material price fluctuations through price adjustments and optimizing product structure towards high-value offerings [6]

编号：2026-001 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 （电话会议） 参与单位/机构名 称 国泰海通证券股份有限公司、渤海人寿保险股份有限公司、中 国平安人寿保险股份有限公司、昆仑健康保险股份有限公司、 浙江鸿淇投资管理有限公司、华能贵诚信托有限公司、鑫元基 金 管 理 有 限 公 司 、 Haitong International Securities Company Limited、长江证券（上海）资产管理有限公司、上银基金管理 有限公司、Neuberger Berman Investment Advisors LLC、深圳市 领骥资本管理有限公司、新疆前海联合基金管理有限公司、中 信建投证券股份有限公司、太平洋资产管理有限责任公司、杭 州向量投资管理有限公司、广东正圆私募基金管理有限公司、 广发证券股份有限公司、北京成泉资本管理有限公司、黄河财 产保险股份有限公司、生加银基金管理有限公司、浙商基金管 理有限公司、浙江浙商证券资产管理有限公司、银华基金管理 股份有限公司、国大永恒（北京）投资管理咨询 ...

Group 1: Company Overview and Market Position - The company is committed to both domestic and international markets, maintaining a leading position in the domestic market while actively expanding overseas [1] - The demand for waste incineration and the transformation of downstream industries are driving market penetration [1] - The company has established a significant presence in the HRSG (Heat Recovery Steam Generator) and oil-gas composite pipe businesses, with HRSG already having a certain scale of production capacity [1] Group 2: Production and Capacity Expansion - The Vietnam production base has commenced operations with 4 HRSG production lines, and the second phase is expected to be operational by Q2 2027, aiming for a total of 12 lines by the end of 2026 [3][6] - The production cycle for HRSG products is approximately 6 months, with revenue recognition occurring upon completion of production and shipping [3] Group 3: Competitive Advantages - The main competitors in the Vietnam market are from South Korea, Thailand, and local manufacturers, but the company has advantages in production costs and extensive experience in the energy equipment sector [5] - The company is positioned to enter the high-end oil and gas composite pipe market, which has a market space of several billion dollars annually, leveraging its technical reserves [5] Group 4: Internationalization and Revenue Growth - Over 50% of the company's revenue comes from international projects, with expectations for this percentage to increase by 2026 [6] - The company plans to establish production bases in regions like the Middle East to enhance its international order capacity [6] Group 5: Investor Relations and Future Outlook - The company has distributed dividends totaling approximately 1 billion yuan since its listing and plans to implement a share buyback of 40 million yuan to stabilize and enhance investment value [8] - The company emphasizes continuous optimization of profit distribution mechanisms to share development dividends with investors [8]

熵基科技股份有限公司投资者关系活动记录表 编号：2026-02 | 投资者关系活 | 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 | | --- | --- | | 动类别 | 路演活动 现场参观 其他（电话会议） | | 参与单位名称 | 国泰海通证券股份有限公司、中国平安人寿保险股份有限公司、立格资本投资有限公司、 | | | 兴合基金管理有限公司、农银汇理基金管理有限公司、大家资产管理有限责任公司、兴 | | | 银理财有限责任公司、天治基金管理有限公司、敦和资产管理有限公司、中银基金管理 | | | 有限公司、上海健顺投资管理有限公司、汇泉基金管理有限公司、国金证券股份有限公 | | | 司、Enreal Limited、和谐健康保险股份有限公司、华西基金管理有限 Asset Management | | | 责任公司、国民养老保险股份有限公司、Oceanpine Capital Inc.、China Merchants Fund | | | Management Company, Limited、东吴基金管理有限公司、合众资产管理股份有限公司、 | | | 农银人寿保 ...

3、公司是否会往大金额订单上牵引？ 证券代码：301563 证券简称：云汉芯城 云汉芯城（上海）互联网科技股份有限公司 投资者关系活动记录表 编号：2026-001 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 □电话会议 □其他：（请文字说明其他活动内容） 参与单位名称 及人员姓名 天风证券：刘鉴 时间 2026 年 1 月 5 日 地点 上海市松江区千帆路237弄9号13层云汉芯城办公室 上市公司接待 人员姓名 董事、首席财务官、董事会秘书：周雪峰 投资者关系活 动主要内容介 绍 一、公司基本情况介绍 二、互动交流主要内容 1、小批量订单的需求一般由客户哪个部门提出？ 答：通常情况下，研发阶段小批量订单的需求起始和确定（选 型、技术规格等）由研发部门负责。当公司具备一定规模时， 具体的采购执行动作会转移给采购部门。研发部门完成技术 选型和确认后，会将需求转交给采购部门，由采购部门负责 后续的供应商寻源、谈判、下单等具体采购工作。这种"研 发提出需求，采购执行采购"的分离模式，是公司内部控制 的常见要求。 2、公司如何让新客户接受我们？ ...

Group 1: Company Development Strategy - The company will focus on developing existing mines while continuing to pursue mineral resource acquisitions over the next 3-5 years [1] - Acquisition projects will be selected based on proven mineral resource reserves and future exploration potential, aiming for controlling stakes with a mine service life of over 15 years [1] - The primary targets for acquisitions will be high-quality native mineral resources such as silver, gold, and copper [1] Group 2: Overseas Acquisition Considerations - The company is exploring overseas acquisitions, considering factors like resource conditions, pricing, political risks, community relations, and legal regulations [2] - A cautious approach will be taken, with plans to develop further once international conditions stabilize and existing projects yield stable outputs [2] Group 3: Project Development and Exploration - The focus for 2026 is on advancing the exploration and transition to production for the 460 highland copper-molybdenum project, aiming for construction to start in 2027 [3] - The company has not yet conducted detailed exploration of the II and III gold ore belts at Yichun Jinshi Mining, prioritizing the copper-molybdenum project [5] Group 4: Financial and Operational Insights - The Ba Yan Bao Le Ge mining area has a production capacity of 900,000 tons per year and covers an area of 2.3206 square kilometers [6] - The company can simultaneously develop both the 460 highland copper-molybdenum project and the silver polymetallic project without affecting capital expenditures [6] - The gold recovery rate during trial production at Honglin Mining is between 91%-92%, while the copper recovery rate is around 90% [6] Group 5: Future Financing and Dividend Strategy - The company has stable cash flow and plans to use its own funds for mining construction and acquisitions, with potential financing from financial institutions based on future needs [7] - Future dividend policies will consider industry characteristics, development stages, operational models, profitability, debt repayment capacity, and investor returns [7] - The company will avoid high-priced acquisitions even in a competitive acquisition environment, focusing on cost-effectiveness [7]

| 进行了解读和展望。 | | --- | | 1、政策解读 | | 《行动方案》明确提出的"账户体系+币串+智能合约"的 | | 数字化方案，大幅提升了在广域政府资金使用场景中的数字人 | | 民币应用空间，为数字人民币在财政、行政、社保、医保等政 | | 府性资金管理领域的资金流转、使用和监管指明了发展方向， | | 带来了新的业务机遇。 | | 以财政资金为代表的政府性资金是充分利用数字人民币 | | 特有的监管穿透性和多级资金管理能力的最佳使用范畴之一， | | 在公用事业、医保社保、国库资金运营等闭环领域具备低成本、 | | 高效能的广阔运用前景。 | | 自 2022 年起，公司便与多家银行就基于数字人民币在不 | | 同财政资金使用的业务场景共同开展了智能合约技术预研和 | | 场景测试，率先验证了基于数字人民币智能合约的财政资金全 | | 流程闭环管理模式，逐步形成系统性解决方案，并先后在江苏、 | 山东、河北、福建、海南等多地财政场景成功试点落地。 2、业务展望 证券代码：301153 证券简称：中科江南 北京中科江南信息技术股份有限公司 投资者关系活动记录表 编号：2026-01 | | ...

投资者关系活动记录表 证券代码：002008 证券简称：大族激光 大族激光科技产业集团股份有限公司 投资者关系活动记录表 编号：2026001 投资者关系 活动类别 特定对象调研 □ 媒体采访 □ 新闻发布会 现场参观 其他（电话会议） 分析师会议 □ 业绩说明会 □ 路演活动 参与单位名称 及人员姓名 中金公司（12 月 5 日） PAG（12 月 8 日） 彬元资本（12 月 9 日） 嘉实基金（12 月 11 日） 华商基金（12 月 11 日） 法国巴黎银行（12 月 12 日） 高盛证券（12 月 15 日） 常春藤资产（12 月 16 日） 国海证券（12 月 18 日） 招商证券（12 月 19 日） Point 72（12 月 19 日） 东北证券（12 月 25 日） 平安资管（12 月 25 日） 天风证券（1 月 5 日） 时间 2025 年 12 月 5 日~2026 年 1 月 5 日 地点 公司会议室 上市公司 接待人员姓名 管理与决策委员会副主任、董事会秘书 杜永刚 证券事务代表 王琳 投资者关系活动 主要内容介绍 一、 公司经营情况 今年以来，随着下游行业需求的逐渐恢复，公司经 ...

Company Overview - 雷迪克 was established in 2002, focusing on automotive bearing components, with clients including major manufacturers like Geely and SAIC [3] - The company went public on the Shenzhen Stock Exchange in 2017 and has multiple production bases [3] - Recent investments include acquiring 20.41% of Aoyi Technology and establishing a joint venture for robotics development [3] Aoyi Technology Business - Aoyi Technology, founded in 2015, specializes in neural interfaces and robotics, producing products like intelligent prosthetic hands and wearable exoskeletons [3][4] - The intelligent prosthetic hand is the first in China and third globally to receive FDA and CE certifications, with sales in various countries [3][4] Brain-Computer Interface (BCI) Industry - The BCI industry is transitioning from research to commercialization, with significant policy support from the "14th Five-Year Plan" [4] - Current BCI applications are primarily in clinical trials, with limited scalable implementations [4] - Challenges include signal accuracy, real-time decoding, and interdisciplinary integration [4][5] Aoyi's Core Technologies - Aoyi focuses on non-invasive BCI technologies, developing high-precision EEG and EMG systems [6] - Applications include: - Intelligent prosthetic hand systems for upper limb amputees [6] - Rehabilitation systems for patients with upper limb disabilities [6] - Integrated research and diagnostic platforms for EEG and EMG [6] Future Outlook for BCI - The BCI industry is expected to first impact the medical field, particularly in treating neurological disorders, before expanding into industrial and consumer electronics [7] - Aoyi plans to develop tools for clinical neuroscience and address various neurological conditions, including stroke and anxiety disorders [7] Collaboration Between 雷迪克 and Aoyi - 雷迪克 invested 160 million CNY in Aoyi's B3 financing round and co-founded Zhejiang Lei Ao Robotics [7] - The partnership aims to integrate precision transmission components with Aoyi's robotics technology, enhancing production capabilities [7] International Expansion - 雷迪克 plans to invest 30 million USD in a new automotive bearing production facility in Tangier, Morocco, to improve delivery times to European, African, and Middle Eastern clients [8] - The project has completed overseas direct investment registration, with preparations underway [8]

Group 1: R&D and Innovation - R&D expenses decreased in the first three quarters of 2025, aligned with the company's established research plans and progress [1] - The company leverages resources from its Yunnan Province plant extraction laboratory and research institutes in Japan and France to conduct targeted research in various areas, including innovative raw material development and functional cosmetics [1] Group 2: Competitive Advantage - The company's core competitive advantage is a brand trust barrier formed by "medical endorsement + consumer mindset," which is difficult to replicate in the short term [2] - This trust is built on years of deep engagement with hospital channels, professional doctor recognition, and extensive clinical validation data, resulting in a large, loyal customer base of sensitive skin users [2] Group 3: Profitability Improvement - The company's product profitability has improved, primarily due to a focus on brand building and member operation strategies [2] - Strategies include differentiated member operations, maintaining stable pricing, reducing promotional benefits, and streamlining product lines to concentrate resources on core products [2]