Business Overview - The company operates in four main sectors: smart metering, smart IoT, smart distribution network, and smart energy [3][4] - Key products include smart electric meters, power information collection devices, communication modules, and energy management systems [3][4] Financial Performance - In 2024, the company achieved revenue of CNY 93,738.69 million, a decrease of 16.26% year-on-year [3][4] - Operating profit was CNY 13,319.63 million, and net profit attributable to shareholders was CNY 11,891.71 million, down 53.81% and 52.45% respectively [3][4] - Total assets at the end of the reporting period were CNY 157,122.56 million, a decline of 0.65% from the previous year [3][4] - Shareholder equity was CNY 116,072.49 million, down 0.32% year-on-year [3][4] Revenue Breakdown - Smart metering business generated revenue of CNY 76,000.09 million, down 26.57% [4] - Smart distribution network business saw revenue of CNY 6,755.86 million, an increase of 46.65% [4] - Other business revenue reached CNY 10,982.74 million, up 187.37% [4] R&D Investment - R&D expenditure for 2024 was CNY 8,312.77 million, a 41.95% increase, representing 8.87% of total revenue [4][5] - The company holds a total of 191 patents, including 75 invention patents [5] Orders and Market Position - As of March 31, 2025, the company had a backlog of orders amounting to CNY 129,943.22 million [6] - The company is not in a loss position despite revenue declines, attributed to various market factors [6] Future Development Goals - The company aims to strengthen its core business in smart metering and expand into digital economy and renewable energy sectors [7][8] - Plans include enhancing product quality, expanding market share, and improving internal management processes [7][8] Market Outlook - The government is increasing support for smart grid construction, providing a favorable environment for market growth [7][8] - Policies are being implemented to promote the digitalization and intelligent transformation of energy systems [7][8]

证券代码：001389 证券简称：广合科技 广州广合科技股份有限公司投资者关系活动记录表 编号：2025-03 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） 参与单位名称及人 员姓名（排名不分先 后） 参加深圳证券交易所"信通智联·引领新浪潮"主题集 体业绩说明会的全体投资者 时间 2025 年 5 月 9 日 地点 深圳证券交易所，深交所互动易"云访谈"栏目 （http://irm.cninfo.com.cn） 公司接待人员 董事、总经理：曾红女士； 独立董事：陈丽梅女士； 副总经理、总工程师：黎钦源先生； 副总经理、董事会秘书：曾杨清先生； 财务总监：贺剑青女士； 保荐代表人：王嘉先生。 投资者关系活动主 要内容介绍 一、请介绍下公司的战略规划？ 公司根据自身技术特点和管理优势，结合下游市场 的发展趋势制定了"云、管、端"发展战略。"云"是指 与云计算相关的服务器用高速多层精密 PCB 产品， "管"是指作为数据交互管道的通信设备相关 PCB 产 品，"端"则是指智能终端设备，即与消费电子、汽车 广州 ...

Group 1: Industry Outlook - The environmental equipment manufacturing industry is driven by policy incentives, technological innovation, and market demand, moving towards high-quality development [3] - By 2027, the market share of advanced technology equipment is expected to significantly increase, with key areas' industrial chain weaknesses addressed [3] - By 2030, the industry will upgrade from traditional pollution control to green, low-carbon, and circular development [3] Group 2: Company Performance - In 2024, the industrial segment achieved revenue of 992.88 million RMB, accounting for 62.38% of total revenue, a year-on-year increase of 29.15% [11] - The company has approximately 1.741 billion RMB in industrial equipment orders, including 1.158 billion RMB in overseas orders, primarily from leading domestic and international paper companies [11] - The company has maintained a high market share in Southeast Asia, with 70% of new overseas industrial orders coming from this region [13] Group 3: Financial Health and Growth Strategies - The company is focused on optimizing its business structure and enhancing resource allocation efficiency to improve performance [5] - Efforts are being made to recover accounts receivable and strengthen risk management while exploring new market opportunities [5] - The company aims to achieve profitability through internal collaboration, improving product quality, and expanding into new markets such as hazardous waste and smart environmental protection [7] Group 4: Corporate Governance and Control - The acquisition of control by Guangxi State-owned Assets has led to the introduction of strategic resources to enhance the company's competitiveness [9][10] - The company is committed to ensuring employee rights and addressing issues related to salary and social security payments [8] Group 5: Risk Management - The company has not triggered delisting conditions despite four consecutive years of losses and is actively taking measures to improve its operational situation [12]

证券代码：002547 证券简称：春兴精工 苏州春兴精工股份有限公司 投资者关系活动记录表 编号：2025-001 | 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（请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 线上参与公司2024年度业绩说明会的投资者 | | 时间 | 2025年05月09日 15:00-16:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 总经理 吴永忠 | | | 财务总监兼副总经理 董作田 | | | 独立董事 阮晓鸿 | | | 董事会秘书 张玮敏 1.春兴精工公司什么时候现金分红？公司为什么会亏损这么严 | | 投资者关系活动主要内容 | 重？公司有没有重组计划？公司有没有想到用什么方法提高业绩， 提高净利润？希望公司能把利润提高，能给股东利润分红最大化，能 | | 介绍 | 尽快提高利润，希望公司不要st | | | 答:您好！ ...

山东美晨科技股份有限公司投资者关系活动记录表 | | □ 特定对象调研 □ 分析师会议 | | --- | --- | | 投资者关系活动 | 业绩说明会 □ 媒体采访 ☑ | | 类别 | □ 新闻发布会 □ 路演活动 | | | 现场参观 □ | | | □ 其他 | | 参与单位 | 线上参与 2024 年度网上业绩说明会的投资者 | | 时间 | 年 月 日 (周五) 下午 2025 5 9 15:00-17:00 | | 地点 | 公司通过"价值在线"（www.ir-online.cn）采用网络远程的方式 | | | 召开业绩说明会 | | 上市公司接待人 | 1、总经理王永刚 | | | 2、独立董事吕洪果 | | 员姓名 | 3、财务总监刘增伟 | | | 4、董事会秘书李炜刚 | | 投资者关系活动 | 投资者提出的主要问题及公司回复情况 | | | 公司就投资者在本次业绩说明会中提出的问题进行了回复： | | | 1、根据公司《重大资产出售预案》显示，三方所签合同中 | | | 约定赛石园林所欠公司的 22.71 亿元债务，其中 4.26 亿元通过债 | | | 务重组方式抵消，是否指本次交 ...

Business Performance and Focus Areas - In 2024, the company will focus on semiconductor display equipment, automotive intelligent cockpit systems, semiconductor packaging and testing equipment, and new energy equipment [2][3] - The company aims to enhance R&D in flexible display module equipment, Mini/Micro LED equipment, and precision assembly equipment for VR/AR/MR [2][3] Shareholder Actions and Market Confidence - The controlling shareholder, Mr. Nie Quan, reduced his holdings by 3,511,600 shares (1.95% of total shares) between March 10 and March 28, 2025 [3] - The company emphasizes that shareholder reductions are based on personal financial needs and are compliant with disclosure obligations [3][4] Stock Price and Investor Relations - The company is committed to maintaining its market value and improving management levels to enhance investor relations [4][5] - There is a focus on reasonable profit distribution plans to improve investor returns, considering the company's development and legal compliance [5] Industry Position and Competitiveness - The company has over 20 years of experience in the semiconductor display equipment industry, achieving a leading position in product R&D and manufacturing processes [6][7] - It has established strong partnerships with renowned manufacturers and brands in the semiconductor display field, leveraging its industry experience and technological advantages [6][7] Future Plans and Strategic Considerations - The company is exploring opportunities for asset restructuring and strategic partnerships, aligning with regulatory support for mergers and acquisitions [7][8] - The company will disclose its operational status in regular reports, ensuring transparency with investors [8]

代码：002867 证券简称：周大生 编号：2025-017 投资者关系活动记录表 | | □特定对象调研 | □分析师会议 | | --- | --- | --- | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | √其他(电话会议) | | | | 共计 54 位投资者（排名不分先后）： | | | | 交银基金：陈均峰、楼慧源 | 广发证券：包晗 | | | 长江证券（自营）:蔡念恒 | 上海原泽私募基金:姚姗 | | | 深圳前海云溪基金:李志勇 | 金科投资:张诚 | | | 福建豪山资管:蔡再雄 | 西部利得基金:林静 | | | 长江证券（上海）资管:杨杰 | 西南证券（自营）:李佳为 | | | 中加基金:陈晨 | 谦璞投资:张若溪 | | | 国泰君安资管:周晨 | 中泰证券（上海）资管:陈佳玲 | | 参与单位名称 | 鑫巢资本:王璞 | 农银汇理基金:魏刚 | | 及人员姓名 | 财通证券资管:李真 | 光大证券（自营）:苏晓珺 | | | 青骊投资（上海）:李署 | 北京沣沛投资:李爽 | | ...

Group 1: Company Performance and Market Conditions - The company's operating performance in 2024 declined due to intense market competition and cyclical fluctuations in the special integrated circuit industry, resulting in reduced demand and lower order volumes [4][8]. - The company's stock price has decreased by 70% from its peak, reflecting broader macroeconomic and market conditions [6][8]. - The special integrated circuit business's revenue accounted for 46.76% of total revenue, while the smart security chip business contributed 47.87% [10]. Group 2: Research and Development Efforts - The company has made significant investments in R&D, focusing on high-reliability chips, automotive electronics, and smart chips [5][10]. - The HBM product is currently in the R&D phase, with a longer user introduction cycle due to its application in specialized industries [9][11]. - The company aims to enhance its core competitiveness by continuously launching new products and expanding into new markets [11][12]. Group 3: Future Outlook and Strategic Plans - The company anticipates a substantial change in orders for special integrated circuits in 2025 compared to 2024, indicating potential recovery [3][11]. - The management is exploring opportunities for external growth through acquisitions, although no specific plans have been confirmed [12][14]. - The company is focusing on expanding its automotive domain control chips, which are expected to break the market monopoly of foreign high-end products [6][10]. Group 4: Investor Relations and Market Confidence - The company is committed to enhancing communication with investors and utilizing share buybacks as a tool to improve market confidence [4][6]. - There are no current plans for management to increase their shareholdings, reflecting a cautious approach to market conditions [10][12]. - The company is considering various strategies to improve its market value and protect investor interests amid ongoing challenges [8][13].

Financial Performance - In Q1 2025, the company achieved a revenue of 3.002 billion CNY, a significant increase of 108.22% compared to the same period last year [3] - Gross profit reached 491 million CNY, up 138.79% year-on-year [3] - The net profit attributable to shareholders was 171 million CNY, marking a 449.58% increase from the previous year [3] - The asset-liability ratio at the end of Q1 2025 was 44.91%, a decrease of 1.51 percentage points from the beginning of the year [3] - Total assets amounted to 19.410 billion CNY, a growth of 2.16% from the end of the previous year [3] Cost Management - The production cost for fattening operations in March 2025 was 13.3 CNY/kg [4] - The company aims to align its costs with top industry standards through various internal management strategies [4][8] - The company plans to enhance operational efficiency and reduce costs by optimizing breeding performance and improving resource allocation [4][8] Future Projections - The company expects to maintain a target of over 7 million pigs for 2025 [4] - The company is focused on high-quality development and cost reduction as core strategies [8] - The IoT coverage rate is currently at 77%, with plans for further expansion [8] Market Position and Strategy - The "company + farmer" model accounts for 85% of the fattened pig output in 2024 [6] - The company is actively managing its market presence and investor relations to enhance its market value [7] - The company is committed to digital transformation and smart farming initiatives to improve efficiency and reduce production costs [8] Shareholder Information - As of April 18, 2025, the number of shareholders stood at 165,300 [9]

Group 1: Financial Performance - In 2024, the company achieved total revenue of 26.415 billion CNY, a year-on-year increase of 9.78%, with a net profit attributable to shareholders of 749 million CNY, up 112.11% [4] - BenTu reported revenue of 4.658 billion CNY, a year-on-year growth of 19.87%, with Q4 revenue of 1.482 billion CNY, a quarter-on-quarter increase of 38.03% [4] - LiMeng International's revenue was 2.243 billion USD, reflecting a year-on-year increase of 7.98%, with printer sales up 31.13% [4] - JiHaiWei's revenue was 1.4 billion CNY, a year-on-year decrease of 1.52%, but net profit increased by 109.97% to 363 million CNY [4] - General consumables business revenue reached 6.172 billion CNY, a year-on-year increase of 10.45%, while net profit decreased by 44.17% to 74 million CNY [4] Group 2: Asset Impairment and Adjusted Profit - The company recognized an asset impairment loss totaling 900.3 million CNY, primarily for goodwill impairment, reducing the net profit attributable to the parent company by 893 million CNY [4] - Excluding long-term asset impairment impacts, the net profit attributable to shareholders was 1.549 billion CNY [4] Group 3: Q1 2025 Performance - In Q1 2025, the company reported revenue of 5.927 billion CNY, a year-on-year decline of 5.79%, with net profit attributable to shareholders down 69.64% to 84 million CNY [4] - BenTu's Q1 revenue was 999.2 million CNY, a year-on-year decrease of 3.34%, with net profit down 49.89% to 97 million CNY [4] - LiMeng's Q1 revenue was 513 million USD, a year-on-year decline of 4.85%, with net profit down 74.08% to 2.5382 million USD [4] - JiHaiWei's Q1 revenue was 254 million CNY, a year-on-year decrease of 19.72%, with net profit down 70.40% to 12 million CNY [4] - General consumables business revenue in Q1 was 1.322 billion CNY, with net profit of 16 million CNY [4] Group 4: Market Trends and Strategic Focus - The semiconductor industry has faced significant challenges, but JiHai has maintained strategic focus, rapidly capturing the mid-to-low-end MCU market [5] - The demand for mid-to-high-end products has increased, providing opportunities for the company to enter previously inaccessible markets [5] - JiHai has established a comprehensive layout in humanoid robot chips, collaborating with major automotive manufacturers and Tier 1 suppliers [5] - The domestic market for information technology is expected to grow, particularly in government sectors, with financial and energy industries anticipated to gain momentum in the latter half of the year [6]