Group 1: Company Overview and Intellectual Property - As of the end of 2024, the company holds 22 registered trademarks, 82 patents, and 62 software copyrights [1] - The company emphasizes technology-driven innovation for sustainable development [1] Group 2: Market Strategy and Value Enhancement - The company aims to leverage state-owned capital advantages to enhance market competitiveness and promote green transformation [2] - Plans to utilize mergers and acquisitions, stock incentives, and cash dividends to boost investor confidence and achieve long-term value growth [2] Group 3: Environmental Policies and Compliance - The company adheres to multiple national environmental laws and standards, including the Environmental Protection Law and various pollution prevention regulations [2] - In 2024, the company invested 2.3351 million yuan in environmental governance and paid 740,600 yuan in environmental protection taxes [2] Group 4: Shareholder Information and Dividend Plans - As of May 9, 2025, the company has 21,431 shareholders [3] - The proposed cash dividend for 2024 is 26,891,280 yuan, based on a total share capital of 263,640,000 shares [3] Group 5: Future Development and Strategic Goals - The company focuses on smart green heating and aims to expand its market presence beyond Beijing, targeting economically developed areas [4] - Plans to enhance talent management through reforms and the integration of AI tools to improve productivity [4] - The total heating management area reached approximately 3.6 million square meters by the end of 2024 [4]

Group 1: Sales Performance - The sales of Loxoprofen Sodium Gel Patch are normal, with rapid growth in sales volume achieved through "price for volume" strategy in the hospital market [2] - The company is increasing investment in the outpatient market, promoting rapid growth in outpatient sales revenue through "Jiuyue" brand building and channel penetration [2] Group 2: Product Development - Currently, five external preparations are on the market: Loxoprofen Sodium Gel Patch, Ketoprofen Gel Patch, Ketorolac Gel, Lidocaine Double Cardine Cream, and Anti-inflammatory Pain Relief Patch [3] - Expected approvals for 2025 include Lidocaine Gel Patch, Indomethacin Gel Patch, Flurbiprofen Gel Patch, and Loxoprofen Sodium Patch [3] - Future approvals in 2026 are anticipated for Ketoprofen Patch, Flurbiprofen Patch, Clobetasol Soft Ointment, and Diclofenac Diethylamine Emulsion [3] Group 3: Mergers and Acquisitions Strategy - The company will consider multiple directions for mergers and acquisitions, focusing on targets that align with its development strategy, enhance the industrial chain, improve technology, and enrich the product pipeline [4] Group 4: Market Adaptation - Overseas transdermal drug products are widely used for pain relief, hormone replacement, cardiovascular, and neurological diseases, including Fentanyl Patch, Lidocaine Gel Patch, Nitroglycerin Patch, and others [5] Group 5: Production Capacity - The company currently has sufficient production capacity to meet existing demand and has reserved workshop space for future needs [6] - Short-term capacity can be increased by adding new production line equipment, while long-term plans will be developed based on operational needs [6] Group 6: Future Strategic Focus - The company aims to expand sales channels, particularly increasing penetration in the outpatient market and enhancing brand influence [7] - There will be a continued emphasis on R&D to develop new products and enrich the product line [8] - The company will optimize production processes and strengthen cost control mechanisms to ensure efficient operations and good returns for shareholders [8]

Group 1: Industry Outlook - The future development of the industry is closely related to macroeconomic factors, industrial upgrades, and digital transformation [2] - The acceleration of digital transformation is driving demand for B2B e-commerce platforms as essential tools for improving supply chain efficiency [2] - Policy support from the Chinese government, such as the "14th Five-Year Plan" for digital economy, is expected to provide long-term benefits for B2B platforms [2] Group 2: Company Performance - In 2024, the company achieved total operating revenue of ¥565,224,215.27, an increase of 28.25% compared to 2023, primarily due to the rise in supply chain business revenue [3][4] - The net profit attributable to shareholders was -¥22,793,175.63, a decrease of 219.33% year-on-year, mainly due to increased provisions for bad debts [3][4] - The company's operating profit was -¥52,426,297.94, a decline of 262.32% compared to the previous year [4] Group 3: Future Growth Strategies - The company focuses on a "long-termism" development philosophy, emphasizing strategies in bulk commodity e-commerce, industrial e-commerce, consumer e-commerce, and supply chain finance [3] - The bulk commodity e-commerce strategy aims to provide data, transaction, and financial services to producers, distributors, and related institutions [3] - Future profitability is heavily reliant on the successful development of the bulk commodity e-commerce strategy [3] Group 4: Financial Metrics - Total assets amounted to ¥1,512,749,562.36, a decrease of 8.15% from the previous year [4] - Shareholders' equity attributable to the company was ¥900,620,903.31, with a net asset value per share of ¥3.56 [4] - The weighted average return on equity was -2.48%, and basic earnings per share were -¥0.09 [4]

Financial Performance - In 2024, the company achieved a total revenue of 9.57 billion CNY, representing a year-on-year growth of 4.13% [2] - The net profit attributable to shareholders was -189 million CNY, a significant decline of 241.90% compared to the previous year [2] - In Q1 2025, the company reported a revenue of 2.379 billion CNY, a decrease of 2.48% year-on-year, with a net profit of 25.6239 million CNY, marking a growth of 143.85% compared to the same period last year [3] Shareholder Information - As of April 30, 2025, the total number of shareholders is 13,133 [4] Growth Strategies - Future profit growth will focus on: - Expansion of store networks through self-built, mergers, franchises, and alliances [4] - Digital transformation and new retail strategies to enhance operational efficiency and online penetration [4] - Development of proprietary brands and diversification of product lines, including health products targeting younger demographics [4] - Optimization of logistics and supply chain systems to support franchise expansion and improve procurement cost structure [4] Industry Outlook - The pharmaceutical retail industry is expected to maintain steady growth due to structural adjustments and strategic opportunities driven by factors such as an aging population and increased health awareness [5] Acquisition Status - The company has terminated the acquisition of Tian Shili, as approved by the board on December 28, 2023 [6]

Group 1: Market Strategy and Competition - The company is responding to the current competitive landscape by developing new product categories and expanding into emerging channels and dining channels, executing a long-term strategy of "expanding categories and channels" [2] - The company is conducting targeted projects in highly competitive markets to stabilize its terminal channel layout and market share [2] Group 2: Capacity and Cost Management - By the end of 2024, the company will have invested in approximately 30,000 tons of new pickling capacity, which will positively impact its ability to manage raw material price fluctuations [3] - The company has reduced its semi-finished product purchase ratio by acquiring a large quantity of low-priced green vegetables, leading to improved cost control [3] Group 3: Channel Development and Performance - The company has primarily relied on traditional offline channels but has also entered e-commerce, community group buying, and snack store channels, although the e-commerce channel currently faces intense price competition [5] - The growth rate of the dining channel is projected to reach 30% in 2024, with the company accelerating the development of customized products for this channel [8] Group 4: Product Development and Marketing - The company has attempted to develop casual snack products, launching a small crispy product in 2023, but has not made significant promotional investments in this category [11] - The company plans to increase its promotional expenses in the second quarter, anticipating a rise in demand for pickled vegetables and the introduction of new products [10] Group 5: Mergers and Acquisitions - The company is considering acquiring a compound seasoning enterprise to quickly enter a market with significant growth potential, leveraging the acquired company's B-end channel advantages [9] Group 6: Organizational Improvements - The company has made internal organizational adjustments to enhance the connection between research, production, and sales, significantly shortening the time from research to market for new products [12]

证券代码：301085 证券简称：亚康股份 北京亚康万玮信息技术股份有限公司 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 □电话会议 □其他 参与单位名称 及人员姓名 亚康股份2024年度业绩说明会采用网络远程方式进行，面向全体投资者 时间 2025 年 5 月 16 日 15:00-17:00 地点 深圳证券交易所"互动易平台"http://irm.cninfo.com.cn"云访谈" 栏目 公司接待人员 姓名 董事长：徐江 总经理：古桂林 董事会秘书：曹伟 独立董事：刘航 财务总监：李武 保荐机构代表：许琰婕 投资者关系活动 主要内容介绍 1、行业以后的发展前景怎样？ 答：算力作为数字经济时代的核心生产力，不仅加速了信息技术产 业的发展，还极大地促进了制造、交通、教育、媒体等传统产业的数字 化转型与升级，在推动技术产业进步、加速数字技术与实体经济深度融 合方面发挥着重要作用。生成式人工智能和大模型是推动人工智能技术 发展的关键因素，深度学习、强化学习和迁移学习等核心技术取得突破， | 使模 ...

Group 1: Business Strategy and Development - The company focuses on the "one body, two wings" strategy, emphasizing smart city, smart energy, smart healthcare, and identity verification sectors to enhance core competitiveness and industry influence [1][5]. - The company aims to leverage digitalization and intelligence upgrades in industry clients, providing services to meet market demands [2][5]. - As of the end of 2024, the company has signed contracts worth 350 million yuan that are yet to be fulfilled, indicating a positive trend in new orders and cash flow [3][6]. Group 2: Financial Performance and Challenges - In 2024, the company's net profit was only 16 million yuan, with a non-recurring earnings per share of 0.03 yuan, highlighting reliance on government subsidies [2][5]. - The operating cash flow was negative at -5.79 million yuan, and the asset-liability ratio increased to 58.54%, reflecting financial pressure [2][5]. - The company's price-to-earnings ratio stands at 237, significantly higher than the industry average of 55.6, indicating a lack of performance support for the stock price [2][5]. Group 3: Market Position and Future Outlook - The company is positioned to benefit from ongoing policy support and technological advancements, with a focus on optimizing core products and industry solutions [2][5]. - The company is actively exploring mergers and acquisitions to drive high-quality growth, adhering to legal disclosure obligations [3][5]. - The low-altitude economy initiatives include developing autonomous intelligent systems and integrated management platforms for drones, with applications in various fields such as emergency inspections [2][4].

Financial Performance and Goals - The company aims to turn losses into profits in 2025, focusing on improving operational performance and maintaining R&D advantages [2][11] - In Q1 2025, the company achieved contract amounts, total revenue, and collections that met its budget targets [11] - The company reported a loss in 2024 due to intensified industry competition, increased operational costs, and significant investments in AI application adaptation [9][11] Product Development and Innovation - The company has developed the AI application development platform, Sunwaylink, which targets various sectors including third-party testing, retail, and manufacturing [3][4] - As of now, the company holds 103 invention patents and 199 software copyrights, contributing to its strong R&D capabilities [4] - The company is exploring over 20 AI application scenarios to enhance business efficiency and customer experience [10][11] Market Strategy and Sales Channels - The company primarily uses direct sales through public tenders and is exploring new sales models to reduce dependency on tendering [6][10] - It emphasizes maintaining good communication with investors through various channels to enhance understanding and recognition of the company [5] - The company is developing differentiated marketing strategies tailored to various industry clients based on their specific needs and characteristics [20] Data Management and AI Integration - The company is actively involved in data asset management, aiming to enhance data quality and security while promoting data circulation [12][13] - It plans to launch a data element management platform in 2024, which is expected to meet the growing market demand [12] - The company is committed to ensuring that its AI technologies align closely with industry needs to improve application effectiveness [14] Industry Outlook and Growth Potential - The software industry in China is expected to experience significant growth, driven by advancements in digital economy, AI, big data, and IoT technologies [12] - The company anticipates a high growth rate in the data asset management market, supported by national policies and increasing demand [12][13] - The company aims to leverage its strengths in digital inspection and data management to capture new market opportunities [12][11]

Capacity and Operations - The peak capacity standard for Shenzhen Airport is 65 aircraft movements per hour, with current runway utilization nearing saturation [1] - The third runway is expected to enhance flight capacity once operational [1] Financial Performance - In 2024, labor costs are projected at CNY 1.483 billion, depreciation and amortization at CNY 1.017 billion, and other operating costs at CNY 1.23 billion [2][5] - Operating costs remained stable despite a 16.6% increase in passenger throughput, with revenue growth significantly outpacing cost increases [2][5] International Operations - International route revenue accounts for 22% of total aviation and ground service income [2] - Emirates Airlines will launch a new route between Dubai and Shenzhen starting July 1, enhancing international service offerings [2] Investment and Development - The company is closely monitoring the performance of its investment in Chengdu Shuangliu Airport, which has faced losses due to external factors [3][14] - Plans for the T2 terminal are still under development, with financing details yet to be confirmed [2] Duty-Free Business - The duty-free business is experiencing growth, supported by an increase in international passenger traffic and a diverse product range [4] - Future collaborations with local tech brands are planned to enhance product offerings in duty-free stores [4] Shareholder Returns - The company has committed to distributing at least 45% of its distributable profits as cash dividends from 2023 to 2025 [7][8] - A proposed cash dividend of CNY 1.2 per 10 shares has been announced for 2024, totaling CNY 246 million, with a dividend payout ratio of 55.55% [9] Low Altitude Economy - The company is actively pursuing opportunities in the low-altitude economy sector, having signed a strategic cooperation agreement to explore new business growth points [13]

Group 1: Business Overview - The company primarily focuses on the research, production, and sales of solar cell modules, with related businesses in photovoltaic power station EPC, operation, and energy storage. In 2024, the revenue from solar power station-related businesses reached 12.43 billion yuan, accounting for 25% of total revenue [1][2]. Group 2: Smart Manufacturing Initiatives - The company has implemented smart manufacturing initiatives, integrating IoT, 5G, and big data technologies. This includes automation and digitalization of production lines, resulting in a 50% reduction in logistics costs and a 30% increase in efficiency through the AGV intelligent scheduling system [2]. Group 3: Financing and Investment - The company is progressing with a 500 million euro financing project, preparing materials and maintaining communication with potential investors [3]. Group 4: Project Developments - Key projects include the "5GWN ultra-low carbon high-efficiency heterojunction battery and 10GW high-efficiency solar module project" in Ninghai and a "4GW high-efficiency solar cell and 6GW high-efficiency solar module project" in Jiangsu [3]. Group 5: Cost Control and Efficiency - In response to industry challenges, the company is enhancing the efficiency of existing photovoltaic power stations and optimizing procurement and logistics costs through long-term purchasing agreements and supplier collaborations [4][10]. Group 6: Technological Advancements - The company is focusing on heterojunction technology, which has shown significant cost advantages. The 210 HJT series products utilize innovative techniques to maintain high power and conversion efficiency while controlling costs [5][19]. Group 7: Market Expansion Strategies - The company has established 24 marketing service centers globally, focusing on market globalization, manufacturing globalization, capital globalization, and talent globalization to enhance customer service and core competitiveness [7][9]. Group 8: Future Growth and Sustainability - The company aims to leverage its expertise in energy storage and photovoltaic integration as a key growth driver, targeting commercial and large-scale energy storage systems [11].