Group 1: Investor Relations Activities - The company participated in the "2025 Annual Shenzhen Listed Companies Investor Online Reception Day" on November 20, 2025 [1] - The event was held on the "Investor Relations Interactive Platform" [1] Group 2: Dividend Policy - The company aims to maintain a high dividend payout ratio, emphasizing long-term value creation and sustainable development for shareholders [2] Group 3: Production Capacity - Current production capacity utilization is operating efficiently across major product lines, with plans to further enhance capacity and operational efficiency [2] Group 4: Market Position and Competitive Advantage - The company holds a leading position in the domestic microelectronic welding materials sector, particularly in solder paste and flux, supported by advanced technology and stable product quality [2] Group 5: Supply Chain Management - The company does not rely on a single supplier for key raw materials like tin and silver, with no single supplier accounting for more than 50% of purchases from the top five suppliers in 2024 [2] - A multi-layered response mechanism is in place to manage raw material price fluctuations, including long-term partnerships with major tin mining companies and a product pricing mechanism linked to raw material costs [2] Group 6: Shareholder Actions - The controlling shareholder's planned reduction of holdings is the first since the company's listing, driven by personal financial needs, with no intention to affect stock prices [3]

Group 1: Company Performance and Market Position - The company has achieved a compound annual growth rate (CAGR) of approximately 24% since its listing, indicating strong growth in the high-end electronic components sector [6] - The company has a solid market position, competing with international giants like Murata and TDK, and has established a significant presence in emerging markets such as automotive electronics and AI servers [6] - The company’s AI server-related orders are robust, with rapid growth observed, particularly in overseas markets [2] Group 2: Product Development and Innovation - The company has developed a new series of tantalum capacitors with unique designs and automated production lines, enhancing product quality and consistency [2] - The new tantalum capacitors are positioned for various applications, including consumer electronics, AI data centers, automotive electronics, and eSSD, reflecting a broad market potential [5] - The company has successfully launched AI inductive products using multiple manufacturing processes, catering to leading domestic and international server manufacturers [6] Group 3: Investor Relations and Market Perception - Recent stock price declines have raised concerns among investors, despite the company’s strong operational performance and order volume [5] - The management acknowledges the need to better communicate the company's value to investors, as current market valuations do not reflect its performance [7] - The company has implemented employee stock ownership plans and has conducted share buybacks to enhance shareholder returns, alongside increasing dividend payouts [7] Group 4: Legal and Competitive Challenges - The company is facing legal challenges from a Japanese firm, which may impact customer confidence and order decisions; however, management maintains that operations are normal and communication with clients is ongoing [3] - The company emphasizes its commitment to intellectual property and has a dedicated team to manage these aspects, ensuring that external factors do not disrupt its strategic goals [4]

Group 1: Subsidy and Financial Performance - The company received a total of 1.888 billion CNY in subsidies in the first three quarters of 2025, with recoveries of 1.694 billion CNY, 1.083 billion CNY, and 791 million CNY for the years 2022-2024 respectively. As of the end of Q3 2025, the balance of receivable renewable energy subsidies is 5.498 billion CNY [3][4] - The company has three projects that are included in the subsidy list but did not pass compliance checks, with a total installed capacity of 240,000 kW [4][5] Group 2: Pricing Strategy and Market Adaptation - In response to the implementation of Document No. 136, the company is actively adjusting its pricing strategy to adapt to market fluctuations and explore multiple value opportunities [3][4] - The company combines medium to long-term contracts with spot market participation, locking in most of its electricity sales while leaving a portion for high-price peak periods [4][5] Group 3: Investment Focus and Project Development - As of June 2025, the company has an operational installed capacity of 19.9255 million kW and is focusing on investment returns, shifting from photovoltaic to wind energy and from the northwest to the central and eastern regions [4][5] - The company’s ongoing and planned projects are primarily located in Xinjiang, Qinghai, Gansu, Shaanxi, Hebei, and Guizhou [5][6] Group 4: Energy Storage and Technological Development - The company is increasing its investment in energy storage projects, having already implemented a 50,000 kW electrochemical storage project in Qinghai and is developing additional projects in various regions [5][6] - The company’s energy storage technologies include electrochemical storage, liquid compressed air storage, and flywheel storage, aimed at addressing industry challenges [5][6] Group 5: Market Trends and Challenges - Recent trends indicate a downward fluctuation in electricity market trading prices and an increase in curtailment rates due to a significant rise in renewable energy installations [6] - The curtailment issue is particularly pronounced in western provinces, while eastern coastal provinces like Jiangsu, Shanghai, and Zhejiang have better absorption rates for renewable energy [6][6] Group 6: Management Assessment Criteria - The annual assessment of the company’s management includes performance metrics related to operational results, corporate governance, project expansion, market capitalization management, and party building [6]

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（线下策略会） 活动参与 人员 1.参与投资者 申万宏源：任 杰 华夏基金：张 俊 富国基金：薛 阳 东方红资管：向仕杰 长城基金：陈子扬 华夏基金：卢疆啸 浦银安盛：戴晨阳 华安基金：王 晨 国联安基金：王 栋 永赢基金：于 畅 2.上市公司参与人员 财务部总监：李海波 董事会办公室投关专员：米继学 时间 2025 年 11 月 20 日（星期四） 地点 上海 形式 线下交流 交流内容及 具体问答记 录 1.请介绍一下公司主要产品情况。 公司拥有以五氧化二钒、高钒铁、钒氮合金、钒铝合金、钒 电解液等为代表的钒系列产品，以钛白粉、钛渣等为代表的钛系 列产品，具备年经营钛精矿 185 万吨和年产钒制品（以 V2O5计） 4.42 万吨、钛白粉 30 万吨、钛渣 24 万吨的综合生产能力。公司 产品广泛应用于钢铁工业、储能领域、有色金属及涂料油墨等领 域。其中，氧化钒主要用于钢铁、化工、能源等领域；钒铁、钒 为应对市场变化，公司积极采取有效措施，在降本增效方面， 公司持续加大力度，不断向采 ...

证券代码：300538 证券简称：同益股份 编号：2025-002 深圳市同益实业股份有限公司 投资者关系活动记录表 | | 分析师会议 □特定对象调研 □ | | --- | --- | | | 媒体采访 业绩说明会 □ □ | | 投资者关系活动 | □ 新闻发布会 □ 路演活动 | | 类别 | | | | □ 现场参观 | | | 其他 年度深圳辖区上市公司投资者网上集体接待日活 ☑ 2025 | | | 动 | | 参与单位名称及 | 参与公司本次投资者集体接待日活动的投资者 | | 人员姓名 | | | 时间 | 年 月 日 2025 11 20 (周四) | | 地点 | "全景路演"网站（https://ir.p5w.net） | | | 董事长：邵羽南 | | 上市公司接待人 | 副总经理、财务负责人：张静萍 | | 员姓名 | 董事会秘书：赵东宇 | | | 独立董事：陈辉祥 | | | 交流环节： 1、公司板棒材产品的下游应用领域？ | | | 答：尊敬的投资者，您好。公司板棒材业务应用领域广阔， | | | 产品可应用于无人机、新能源汽车、航天航空、智能穿戴等领域。 | | | 感谢您 ...

证券代码：300350 证券简称：华鹏飞 华鹏飞股份有限公司 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） 形式 ☐ 现场 网上 ☐ 电话会议 参与单位名称及人员姓 名 投资者网上提问 时间 2025年11月20日 15:40-17:00 地点 公司通过全景网"投资者关系互动平台" （https://ir.p5w.net）采用网络远程的方式召开业绩说 明会 上市公司接待人员姓名 总经理 张倩 独立董事 姜洪章 财务负责人 徐丽华 董事会秘书 程渝淇 投资者关系活动主要内 容介绍 1、贵公司是否对于公司市值管理有相应计划，或 是正在筹备中的计划？ 答：尊敬的投资者您好！公司坚守以内在价值为核 心的市值管理理念，依据市值管理相关规定，结合公司 实际情况，加强和完善治理结构，努力做好生产经营， 不断提升经营业绩及综合实力，努力回报广大股东和投 | | 资者。感谢您的关注！ | | --- | --- | | | 2、请详细介绍下9610作为全国第一单的业务前景 | | | 和优势，谢谢。 | | | 答 ...

证券代码： 000036 证券简称：华联控股 华联控股股份有限公司投资者关系活动记录表 编号：2025-004 | □ | 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 （2025 年度深圳辖区上市公司投资者网上集体接待日） | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 2025 | 年 月 日 下午 11 20 (周四) 14:30~17:00 | | 时间 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | 地点 | 采用网络远程的方式参加"2025年度深圳辖区上市公司投资者网 | | | 上集体接待日活动"。 | | 上市公司接待人 | 1.副董事长、总经理 张勇华 | | | 2.独立董事 刘辉 | | | 3.副总经理、财务负责人 苏秦 | | | 4.副总经理、董事会秘书 孔庆富 | | 员姓名 | 5.证券事业部经理、证券事务代表 赖泽娜 | | | 6.财务部经理 万丽亚 | ...

Financial Performance - In Q3 2025, the company's revenue increased by 3.6% year-on-year and 18.3% quarter-on-quarter, indicating a recovery trend in business [1] - The net profit attributable to shareholders for the first three quarters of 2025 was CNY 190 million, a decrease of 26% year-on-year, primarily due to increased sales and R&D expenses [2] Strategic Initiatives - The company has implemented a strategy of "optimizing expenses and focusing investments," leading to a 14.9% increase in sales expenses and a 3.6 percentage point rise in the sales expense ratio [2] - In the AI private network sector, the company has established a comprehensive layout integrating "pipeline-terminal-application," focusing on enhancing service capabilities through AI technology [3] R&D and Innovation - The company is actively following developments in quantum communication technology and has signed a strategic cooperation agreement with China Telecom Quantum to advance technical exploration [4] - The company is increasing R&D resources to develop new proprietary standards and products in private network communication technology to mitigate intellectual property disputes [5] Market and Investor Relations - The company emphasizes high-quality development and effective market communication to enhance investor understanding and recognition of its value [4] - The ongoing litigation with Motorola is being addressed through legal measures, while the company continues to innovate in the AI private network strategy [5]

深圳市芭田生态工程股份有限公司投资者关系活动记录表 证券代码：002170 证券简称： 芭田股份 深圳市芭田生态工程股份有限公司投资者关系活动记录表 编号：2025-05 深圳市芭田生态工程股份有限公司投资者关系活动记录表 | 答：您好，公司未来不排除会拓展电子级磷产品，谢谢。 | | --- | | 14、公司制定 年股票期权与限制性股票激励计划及配套 2025 | | 考核管理办法第二个考核期：2026 年净利润不低于 15 亿元， | | 这个公司会全力完成吗？ | | 答：公司会努力完成经营目标，最终完成情况需要以审计报告 | | 为准。 | | 15、公司新能源销售情况？ | | 答：您好，具体情况请以定期报告为准。 | | 万吨磷矿安全许可的审批进展如何？今年能获 16、贵公司 290 | | 批吗。贵公司磷酸铁项目，目前达产了吗？预计何时能达产？ | | 今年项目能否盈利？ | | 答：您好，公司小高寨磷矿二期项目正在审批当中，如批复公 | | 司将及时公告。 | | 17、请问公司在新能源电池材料上会加大投入吗？ | | 答：公司看好新能源材料这部分业务的未来发展。 | | 18、新能源公司除 ...

Group 1: Company Overview and Market Strategy - The company is focusing on expanding its overseas market presence, particularly in Southeast Asia and the Middle East, and is considering establishing branch offices [2] - The company aims to leverage its domestic experience to develop more international products and enhance market share in overseas markets [2] Group 2: Financial Performance and Projections - As of 2024, the company has increased its investment in overseas operations, although specific performance data for 2025 has not yet been disclosed [2][3] - The company secured a significant contract in Thailand in 2024, valued at over 300 million RMB, which is currently under construction [3] - The project is expected to complete a major business segment by October 2025, receiving high recognition from clients [3] Group 3: Project Management and Profitability - The implementation of large projects involves long cycles and complex architectures, which may initially impact gross margins due to high R&D and market investment [3] - The company is adopting strategies such as enhanced project management and remote centralized delivery to maximize gross margin levels and improve project profitability [3] Group 4: Investor Communication - The company is committed to timely disclosures in accordance with information disclosure regulations, especially regarding sensitive performance data for 2025 [3]