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（投资者接待日） | | | | 参与单位名称及人员姓名 | 华创医药 | 王宏雨 | 慎知资产 | 高岳 | 湘财基金 | 张泉 | | | 大成基金 | 陈泉龙 | 兴全基金 | 张艺君 | 东方红 | 徐宏 | | | 博时基金 | 张之瑞 | 天风证券 | 刘一伯 | 中泰证券 | 祝嘉琪 | | | 招商证券 | 侯彪 | 开源医药 | 阮帅 | 华泰医药 | 李奕玮 | | | 华鲁投资 | 马宁科 | 中信建投 | 王云鹏 | 中信建投 | 赖俊勇 | | | 国盛医药 | 陶宸冉 | 杭银理财 | 王哲 | 天襄资本 | 杨一 | | | 东吴证券 | 俞昊岚 | 兴证医药 | 乔波耀 | 惠升基金 | 张政 | | | 华源证券 | 陶晨冉 | 西部 ...

证券代码： 300195 证券简称：长荣股份 天津长荣科技集团股份有限公司投资者关系活动记录表 编号：2025-001 1 强本的理念，围绕公司经营目标，持续加强运营管理、财务管理 和成本费用的管控，后续随着销售规模和产能效率的提升，不断 提升主营业务利润率水平。谢谢。 2、长荣是做模切机的，智能化是只能用在模切机上？现在智 能化各行业都在发展，你们得发展一下其他热门行业，股价才能 涨啊！ 回复：您好，感谢您的关注。公司的智能数字化业务可以为 客户提供数字化生产车间解决方案、客户数字化运营解决方案、 智能管理系统和平台运营服务、智能化数字化设备和技术服务， 打造集自动化、信息化、智能化为一体的智慧工厂整体解决方案 。公司承接的国家级"工业互联网标识解析二级节点"项目目前 已为近80家行业客户提供服务，同时，公司自有长荣云平台服务 可配合长荣喷码机等专用设备，可为各领域包装印刷行业客户提 供一物一码、防伪溯源、防窜货等应用和解决方案。公司将持续 加大研发力度，结合市场需求引入新技术、新方案，推动行业数 字化、智能化转型升级发展。谢谢。 3、高管您好。请问贵公司本期财务报告中，盈利表现如何？ 谢谢。 回复：您好， ...

Group 1: Company Overview and Market Position - The company is one of the few integrated companies in the wool textile industry, possessing a complete industrial chain from wool to finished garments, demonstrating strong market competitiveness and risk resistance [2] - The wool textile business is stable, with a solid market share and consistent revenue, providing a strong foundation for overall business performance [2] Group 2: Future Growth Areas - New materials are expected to become the company's second growth curve, with a focus on lightweight materials for the robotics sector [3][5] - The ultra-high molecular weight polyethylene (UHMWPE) fiber production capacity is 3,600 tons, with 12 production lines operating at a balanced production and sales state [3] Group 3: Robotics Market Development - The robotics market is still in its early development stage, with significant uncertainties in downstream market demand, highlighting investment risks [3][5] - The company is actively collaborating with domestic robot manufacturers to adapt product performance parameters and technical standards, aiming for deeper cooperation and potential order conversions [4][7] Group 4: Product Applications and Innovations - UHMWPE fiber is suitable for various applications, including special protection, marine industries, safety protection, functional textiles, and robotics [5][9] - The company is focusing on developing applications for nylon 66 and nylon 6 in robotics, leveraging their high strength and lightweight characteristics [6][8] Group 5: Strategic Partnerships and Collaborations - The company has signed patent cooperation and strategic agreements with Wuhan University and Shouzhihua Innovation, enhancing its research and development capabilities in the robotics field [4][7] - Ongoing projects are in the product verification and technical optimization stages, with plans for further collaboration to accelerate product industrialization [5][9] Group 6: Financial and Investment Updates - The company is progressing steadily with its private placement matters, with updates to be provided in future announcements [3][9]

Group 1: Automation and Production - The company is focusing on automating production processes, particularly in palletizing and packaging, to reduce labor intensity and improve efficiency [1] - Significant upgrades and automation modifications are being implemented in the ceramic fiber production lines [1] Group 2: Product Development and Market Penetration - The company is actively promoting its two product lines, Subang pouring materials and hot microcrystalline products, which have achieved initial market penetration through technological breakthroughs [1] - The MX product is highlighted for its excellent temperature resistance and environmental performance, addressing key issues in high-temperature industrial furnace applications [1] Group 3: Market Strategy and Sales - The management emphasizes that China is the most important market, with no sales restrictions on domestic products, aiming to enhance profitability [2] - The company is currently in the market promotion trial phase for the Rapidstar product, a high-efficiency diffusion furnace heating system [2] Group 4: Communication and Investor Relations - The company acknowledges the need to increase the frequency of updates on its WeChat and Douyin accounts to keep investors informed [2] - There is a commitment to improving communication with investors regarding company dynamics and performance [2]

Group 1: Company Compliance and Risk Management - The company is subject to risk warnings due to weak profitability and frozen bank accounts, leading to a trading suspension effective December 25, 2023 [1] - The company will apply to the exchange for the removal of risk warnings once compliance conditions are met [1] Group 2: Revenue Sources and Business Strategy - The company's main revenue comes from cultural tourism and enhanced supply chain management, following a strategy of diversified development and professional operations [1] Group 3: Shareholding and Pledge Information - The controlling shareholder, Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., and its affiliates hold 377,572,946 shares, representing 69.40% of total shares [2] - A total of 372,662,016 shares, or 68.50% of total shares, are pledged to Chang'an International Trust Co., Ltd. [2]

Group 1: Company Overview - Luyuan Pharmaceutical is focusing on creating value through its health business platform in 2025 [1] - The company aims to modernize traditional Chinese medicine and leverage new technologies as key strategies [1] Group 2: Future Plans and Impact - Specific operational plans for 2025 can be found in the 2024 annual report, section on management discussion and analysis [1] - The company is working on several projects expected to impact profits, details of which are outlined in the annual report [1]

Group 1: Financial Performance - In Q1 2025, the company's net profit attributable to shareholders declined year-on-year due to rising raw material prices, despite achieving a significant sales volume of 222,600 tons, representing a substantial increase [2] - The company maintains a high capacity utilization rate and anticipates improved competitive advantages due to product price increases and stabilization of raw material costs [2] Group 2: Product Development - The sales of new product series, including CN-5, YN-9, and YN-13, have gained high customer recognition, with their combined sales volume accounting for approximately 37% of total product sales in Q1 2025 [3] - The company expects further increases in new product shipments as downstream customer demands evolve towards differentiation and higher-end applications [3] Group 3: Strategic Initiatives - The company is accelerating the construction of its lithium battery cathode material project in Spain, with significant interest from both domestic and international clients [3] - The mining development of the Huangjiapo phosphate mine in Guizhou is progressing as planned, with production expected to commence in the second half of this year [3] - Future focus areas include enhancing the integrated industrial layout of "resources-precursor-cathode materials-recycling," optimizing processes, and strengthening innovation and R&D efforts to maintain industry leadership [3]

Group 1: Company Performance and Financials - The company reported a revenue of over 200 million in Q1 2025, primarily for project preparation and operational expenses [2] - The significant increase in inventory in Q1 2025 was due to preparations for new projects [2][3] - Management expenses in 2024 decreased significantly as the losses from Shenzhen Yunfang were no longer included in the consolidated statements [3] Group 2: Business Strategy and Market Position - The company focuses on the research, production, and sales of road asphalt materials, with no plans to diversify into other main businesses [2][3] - Core competitive advantages include product and brand reliability, technological innovation, and service capabilities [4] - The company aims to leverage industry recovery and structural market growth opportunities for sustainable development [5] Group 3: Industry Outlook - The asphalt industry is expected to see growth due to increasing demand from infrastructure projects supported by government policies [4] - The company is positioned to meet market demands effectively through improved management and operational flexibility [5]

Group 1: Industry Outlook - The environmental protection and governance industry is significantly driven by government policies, with strong encouragement for investment in pollution control [2] - The introduction of policies related to energy structure adjustment, supply-side structural reform, and dual carbon strategy is positively impacting the industry [2] Group 2: Company Performance - The company operates in a fragmented sector of the environmental protection industry, with varying performance across different segments [3] - The Q1 2025 report was disclosed on April 28, 2025, providing insights into the company's performance [3] Group 3: Growth Opportunities - In 2025, the company will focus on environmental protection, driven by national macro policies and market demand, emphasizing technological innovation [3] - Key business areas for growth include solid waste pollution isolation systems, ecological restoration, renewable resource utilization, and comprehensive landfill operations [3] - The company aims to enhance project management and profitability through improved processes, quality control, cost accounting, and comprehensive budgeting [3]

Group 1: Financial Performance - In 2024, the revenue was 7.131 billion yuan, with a significant gap from the target of 10 billion yuan set for 2020 [4] - In Q1 2025, the gross margin dropped to 19.5%, a decrease of 10.97 percentage points year-on-year [4][27] - The revenue in Q1 2025 decreased by 13.7% compared to the previous year, attributed to rising sunflower seed costs and the timing of the Spring Festival [27][100] Group 2: Product Development and Innovation - The company plans to increase investment in R&D, focusing on raw material varieties, process improvements, and new product development [3][4] - In 2024, the R&D expense ratio was only 1%, significantly lower than competitors like Three Squirrels [4][23] - New product launches include flavored nuts, fresh-cut fries, and ice cream products, with a focus on health and nutrition trends [20][21][24] Group 3: Market Strategy and Expansion - The company aims to diversify its product offerings beyond sunflower seeds and nuts, exploring functional foods and healthy snacks [2][3] - Overseas revenue accounted for 7.98% of total revenue in 2024, primarily from Southeast Asia, with plans to expand into the European and American markets [4][5] - The company is enhancing its digital marketing efforts, particularly on platforms like Douyin, to engage younger consumers [5][21] Group 4: Supply Chain and Cost Management - The company has faced challenges with rising raw material costs, particularly for sunflower seeds, and is optimizing its procurement strategy [4][27] - Inventory levels increased by 22.9% year-on-year in 2024, indicating potential issues with channel sales [4] - The company is implementing long-term procurement agreements to stabilize raw material prices [4][5] Group 5: Shareholder Engagement and Stock Performance - The company has initiated a share buyback plan, with 944,592 shares repurchased for approximately 25.28 million yuan as of April 30, 2025 [13][27] - Despite ongoing buyback efforts, the stock price has continued to decline, raising concerns among investors [4][27] - The management is focused on improving investor confidence through strategic initiatives and transparent communication [4][27]