Group 1: Fundraising and Project Adjustments - The company announced a change in fundraising strategy, terminating the "Expansion of Large-Sized Light Guide Plate Project" to enhance the efficiency of fund usage [1] - Remaining funds will be redirected to the TAC film project at Anhui Jiguang and the reflective polarizing film project at Suzhou Yijia [1] - The company aims to extend its business from light guide plates to adjacent fields, establishing a second growth curve through these optical films [1] Group 2: Market Analysis and Competitive Landscape - The demand for TAC film is projected to reach 1.229 billion square meters by 2025, with over 70% of panel production capacity located in mainland China [2] - TAC film constitutes over 50% of the cost of polarizing film materials, significantly impacting the profitability of polarizing film manufacturers [2] - Currently, the TFT-grade TAC film used in mainland China is heavily reliant on imports, with Japanese suppliers holding approximately 75% of the global market share [2] Group 3: Project Progress and Development - Anhui Jiguang obtained the construction permit for its factory in June 2025, with steady progress in construction [2] - Major equipment for the TAC film project is expected to be delivered and tested in the first half of this year [2] - Initial test results of trial films sent to downstream polarizing film and panel manufacturers show no significant discrepancies from internal testing results [2]

证券代码：001233 证券简称：海安集团 海安橡胶集团股份公司 投资者关系活动记录表 编号：2026-009 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 活动参与人员 参与单位名称 及人员姓名 参与单位名称及人员姓名（排名不分前后）： 景顺长城基金管理有限公司：王开展、范顺鑫、曹雅倩 国泰海通证券股份有限公司：刘威、李沁人、张元 上市公司接待人员姓名： 董事会秘书 林进柳 证券事务代表 郑伟达 时间 2026 年 1 月 28 日 地点 公司会议室、线上视频会议 形式 线上交流 交流内容及具 体问答记录 1、未来行业需求发展趋势如何？全钢巨胎市场空间有多大？ 答：全钢巨胎作为重型矿用自卸卡车（负载 90 吨以上）的核心消耗品 之一，根据加拿大 Syncrude 公司的研究，对于一个大型露天矿山中的车辆 运营费用，轮胎消耗成本占比约为 24%，其市场需求与全球采矿业的发展紧 密相连。现行全球主要矿产资源探明储量及开采总量多年来保持增长趋势 （如铁矿石、铜矿石等），直接拉动了对全钢巨胎的配套需求。另国家政策 鼓励加大矿 ...

Group 1: New Retail Channel Development - The company has successfully entered the Sam's Club retail channel and launched customized products, enhancing brand image and product value [1] - The collaboration with new retail channels is based on a customized model, which helps avoid direct price competition and improve brand image [1] - Future plans include deepening cooperation with leading retailers and exploring more customized, high-quality product lines [1] Group 2: Market Recovery Expectations - The company observes a clear trend of consumers pursuing cost-effectiveness, with stable demand for low-priced products [2] - Overall market recovery is expected to be gradual, with the company closely monitoring changes in the dining and retail sectors to adapt product and channel strategies [2] Group 3: Core Development Plans for the Next 2-3 Years - The company’s development plans focus on four main areas: optimizing hot pot products, expanding deep processing of aquatic products, developing snack food categories, and exploring baking-related businesses [3] - The realization of these plans depends on positive progress in market and channel factors, which introduces uncertainty [3] Group 4: Cost Control and Financial Management - The increase in sales expense ratio is attributed to a contraction in revenue scale, leading to a higher expense proportion [4] - Future plans include enhancing detailed management and budget control of expenses, ensuring efficient allocation of marketing and channel investments [4] - The company aims to improve expense ratios as new channels and products gradually scale up, making cost control a continuous operational focus [4] Group 5: Product Development Challenges - The company is focusing on new product development in the hot pot category, emphasizing quality and optimizing existing products while developing exclusive new products based on channel needs [5] - Continued investment in research and development is prioritized to achieve breakthroughs in product formulation and technology, enhancing product competitiveness [5]

证券代码：002463 证券简称：沪电股份 沪士电子股份有限公司 投资者活动记录表 公司专注于高性能与高信赖性 PCB 所需的核心技术，包括高多层、高频 高速、高密度互连及高通流等 PCB 关键技术研究。通过对信号完整性、电源 完整性与系统集成等基础研发方向的系统布局，公司建立起了系统领先的技术 能力。凭借深厚的技术积累，公司能够及时响应技术迭代，应对行业变革，长 期保持竞争优势。公司与国内外众多终端客户展开多领域深度合作，适配多技 术平台，构建广泛覆盖的技术生态，通过技术创新、均衡的多元化客户结构、 供应链韧性及区域布局，在复杂的市场环境中保持韧性和竞争优势，在不确定 中锚定确定性。 3、资本开支及市场情况 AI 驱动的服务器、数据存储和高速网络基础设施需求增长以及新兴应用 领域的拓展为行业带来发展机遇，公司近两年加快资本开支， 2025 年前三季 度财报现金流量表中购建固定资产、无形资产和其他长期资产支付的现金约 21.04 亿。公司在 2024 年 Q4 规划投资约 43 亿新建人工智能芯片配套高端印 制电路板扩产项目于 2025 年 6 月下旬开工建设，目前也正有序推进，预期将 在 2026 年下半年 ...

证券代码：002440 证券简称：闰土股份 编号：RTIR-2026-002 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 富国基金（张啸伟 黄彦东） 长江证券（王呈） 时间 2026 年 1 月 28 日 上午 10:30-11:30 地点 闰土大厦 2511 会议室 上市公司接待人 员姓名 副总经理、董事会秘书刘波平 投资者关系活动 主要内容介绍 交流的主要内容： 公司副总经理、董事会秘书刘波平先生就染料行业发展概况、染料市场 行情及公司经营方面的相关问题与投资者进行了交流。 1、染料行业竞争格局情况 答：我国已成为世界染料生产数量、贸易数量和消费数量的第一大国， 染料产量约占世界染料总产量的 70%-75%。国内染料主要产区在浙江省、江苏 省和山东省，行业集中度较高。 分散染料主要生产企业为浙江龙盛、闰土股份、吉华集团、安诺其等； 活性染料主要生产企业有闰土股份、浙江龙盛、锦鸡股份等，印度活性染料 产能也已有相当规模。 染料行业属于充分竞争行业，近几年来，境内外染料产能增加，市场竞 | | 争有加剧迹 ...

证券代码：001358 证券简称：兴欣新材 绍兴兴欣新材股份有限公司 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 东方红资管：向仕杰 兴业证券：张勋 华安基金：辛大伟 中信证券：裘科 明毅基金：李智勇 浙江国信投资：李孟如 国泰海通证券：周志鹏 东财基金：周威 时间 2026 年 1 月 27 日、2026 年 1 月 28 日 地点 绍兴兴欣新材料股份有限公司会议室 上市公司接待 人员姓名 副总经理兼董事会秘书鲁国富先生、研发总监刘帅先生 投资者关系活动 主要内容介绍 一、公司基本情况介绍： 公司成立于2002年，公司自设立以来一直从事有机胺类精 细化学品的研发、生产与销售，产品包括哌嗪系列、酰胺系列 等，主要覆盖电子化学品、环保化学品、高分子材料、医药等 | 应用领域。经过多年的发展，公司打造了完整的哌嗪衍生物产 | | --- | | 业链，在哌嗪衍生物种类、产能及性能等方面均处于行业领先 | | 水平。 | | ...

Group 1: Company Performance Overview - In 2025, the company completed a total power generation of 14.19 billion kWh, a decrease of 3.56% year-on-year [2] - The total online electricity sales reached 48.562 billion kWh, down 3.58% compared to the previous year [2] - The total heating supply was 6,435.86 million GJ, a decrease of 3.15%, while industrial heating supply increased by 22.58% to 639.50 million GJ [2] Group 2: Financial Highlights - The company expects a net profit attributable to shareholders of 1.877 billion yuan in 2025, representing a year-on-year increase of 253.38% [3] - Basic earnings per share are projected to be 1.04 yuan per share [3] - The profit distribution policy for 2025 has been adjusted to allocate 50% of distributable profits to shareholders, up from 30% [7] Group 3: Market and Pricing Strategy - The capacity price in Hebei province for 2025 was set at 100 yuan/kW, with an increase to 165 yuan/kW for 2026 [3] - The company is actively optimizing coal resource allocation and cost management to enhance profitability in thermal power operations [2][3] Group 4: Future Development Plans - The company aims to establish a comprehensive energy enterprise with a focus on thermal power, supported by energy storage and renewable energy [5] - Ongoing construction projects include the Xibaipo Power Plant and Renqiu Thermal Power Plant, with plans for completion in the second half of 2026 [4] Group 5: Investor Relations and Communication - The company is currently undergoing a review process for a specific stock issuance by the Shenzhen Stock Exchange [6] - The company has increased the frequency of cash dividends, distributing approximately 180 million yuan in cash dividends for the first three quarters of 2025 [7]

投资者关系活动记录表 编号：2026-003 | | | | □特定对象调研 □分析师会议 | | | --- | --- | --- | --- | --- | | 资 者 | 关 | 系 活 | □媒体采访 □业绩说明会 | 投 | | 动类别 | | | □新闻发布会 □路演活动 | | | | | | □现场参观 其他：线上会议 ☑ | | | 与 单 | 位 | 名 称 | 长江证券、工银安盛、大家资产、Millennium、博裕资本、前海人 | 参 | | 及人员姓名 | | | 寿、沙钢投资、长江资管、国金基金 | | | 时间 | | | 2026 年 1 月 28 日 | | | 地点 | | | 线上会议 | | | 市 公 | 司 | 接 待 | 副总裁、董事会秘书周建林先生 | 上 | | 人员姓名 | | | | | | | | | 一、介绍公司概况 | | | | | | 副总裁、董事会秘书周建林先生向与会的机构投资者简要介绍 | | | | | | 了公司近期经营情况及增速器智慧工厂项目进展。 | | | | | | 二、与投资者沟通和交流的主要问题 | | | | | | 1、 ...

Group 1: Financial Performance - Revenue for the first three quarters of 2025 was 2.723 billion yuan, a slight decrease year-on-year due to a reduction in steam prices from coal-fired heating projects [1] - Non-recurring net profit reached 228 million yuan, an increase of 128.42% year-on-year, attributed to lower fuel costs and an increase in biomass projects benefiting from VAT incentives [1] - The debt-to-asset ratio was 71.72%, a decrease of 2.31% year-on-year, with expectations for further reduction following the early completion of convertible bond conversions [1] Group 2: Investor Interaction - Future fuel price trends are expected to stabilize, although biomass fuel prices have recently increased due to market conditions and adverse weather [2] - The company will prioritize maximizing benefits when deciding on participation in green certificate and CCER transactions, as current regulations prevent simultaneous participation [2] - The company has implemented a mid-term dividend for 2025 and plans to continue following its shareholder return policy while ensuring normal operations and long-term development [2] - The sale of the Zhongshan waste-to-energy project was strategic for early investment recovery and improving liquidity to focus on environmental thermal power business [2] Group 3: Risk and Disclosure - The information shared does not constitute a commitment or guarantee regarding industry or company development by the management [2] - The activity did not involve any undisclosed significant information [3]

Group 1: Company Overview - Baowu Magnesium Industry Technology Co., Ltd. was established in 1993 and listed in 2007, evolving into a high-tech enterprise involved in mining, non-ferrous metal smelting, and recycling [1] - The company specializes in the production and deep processing of magnesium and aluminum alloy materials, with key products including magnesium alloys, aluminum extrusions, and metal strontium [1][2] Group 2: Production and Market Data - In 2025, China's total primary magnesium production is estimated at approximately 1.0421 million tons, reflecting a year-on-year growth of 1.59% [3] - Production by region includes: Shaanxi (685,200 tons, +7.57%), Shanxi (187,600 tons, -1.37%), Inner Mongolia (37,800 tons, -1.56%), and Xinjiang (58,900 tons, +11.55%) [3] Group 3: Resource and Supply Chain - The company’s subsidiary, Chaohu Baomag, has a dolomite resource reserve of 90 million tons, while another subsidiary, Wutai Baomag, holds 580 million tons [6] - Anhui Baomag, a joint venture, possesses 1.3 billion tons of dolomite resources, ensuring stable raw material supply for magnesium and magnesium alloy production [6] Group 4: Product Applications and Innovations - The company is focused on reducing magnesium production costs and enhancing competitive advantages through the establishment of technical and marketing teams across various sectors [4] - Key application areas include automotive, 3C electronics, construction templates, hydrogen storage, low-altitude economy, and robotics [4] Group 5: Export Markets - The company primarily exports magnesium products to Europe, North America, and Southeast Asia [5] Group 6: Metal Strontium Production - The company has an annual production capacity of 3,000 tons for metal strontium, which enhances the strength, hardness, and corrosion resistance of alloys [7]