证券简称：钧达股份 证券代码：002865 问题四：钙钛矿电池在太空应用有什么优势？ 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 东吴证券股份有限公司徐铖嵘；民生证券股份有限公司林誉韬； 天风证券股份有限公司敖颖晨；中信证券股份有限公司吴子祎； 长江证券股份有限公司任佳惠；中信证券股份有限公司林劼；山 西证券股份有限公司肖索；中国国际金融股份有限公司胡子慧； 广发证券股份有限公司邹昱旻；天风证券股份有限公司艾方好； 西部证券股份有限公司杨敬梅；万家基金管理有限公司陈飞达； 平安资产管理有限责任公司李文杰；华福证券有限责任公司卢大 炜；汇添富基金管理股份有限公司李宁；华泰证券股份有限公司 宫宇博；中信建投证券股份有限公司任佳玮；财通证券股份有限 公司李晨；东方财富证券股份有限公司朱晋潇；光大证券股份有 限公司郝骞；开源证券股份有限公司周航；上海申银万国证券研 究所有限公司马天一；兴业证券股份有限公司杨森；交银施罗德 基金管理有限公司费琼艳；摩根士丹利基金管理（中国）有限 ...

Group 1: Company Overview and Strategic Plans - In 2025, the company focuses on retail channel development and refined operational management, aiming to enhance retail channel growth through the "Store Efficiency Doubling Project" [1] - The project has shown significant improvements in pilot stores, contributing to an increase in retail revenue for the company [1] - In 2026, the company plans to expand the project to cover more stores and replicate refined management practices across other channels for overall improvement [1] Group 2: Product Development and Marketing Strategy - The company is implementing a dual-driven strategy of product and marketing, launching flagship products such as the "Hongmeng Smart Shower" in November [1] - The collaboration with Hongmeng Smart is expected to enhance internal operational capabilities and accelerate resource development for future smart home expansions [2] - The new products are anticipated to gradually release market potential and contribute positively to revenue in upcoming quarters [2] Group 3: Share Buyback Progress - The company has initiated two phases of share buyback plans, with a total repurchase amount exceeding 150 million yuan [2] - The repurchased shares are intended for employee stock incentive plans or employee shareholding schemes [2]

证券代码：002106 证券简称：莱宝高科 本次调研活动的主要沟通内容如下： 1、请问公司 2025 笔记本电脑用触摸屏的销售是否有望实现同比增长？ 答：根据全球行业咨询机构集邦咨询（TrendForce）发布的研究报告，一 方面，随着全球经济环境有望逐步改善、Windows 10 操作系统已于 2025 年 10 月 14 日终止升级和技术更新、商务笔记本电脑的换机需求刺激，与公司密切 相关的笔记本电脑用触摸屏的总体需求预计有望同步增长。另一方面，带有人 工智能（AI）功能的 AI PC 产品在 2024 年为发展元年，2025 年 AI PC 的硬件、 操作系统、人工智能操作及其他软件资源有望进一步升级并有望得到笔记本电 脑厂商进一步的深入开发新产品和推广应用，AI PC 产品 2025 年需求有望进一 步增长，从而有望带动全球笔记本电脑的需求增长。据集邦咨询（TrendForce） 预测，全球笔记本电脑 2025 年出货量将达 1.83 亿台，同比 2024 年度有望增长 4.9%。鉴于触摸屏起到替代键盘和鼠标操作的触摸控制功能，将为笔记本电脑 带来更为便捷的操控体验，笔记本电脑用触摸屏 2025 年的 ...

Company Overview - The company focuses on anti-corrosion and wear-resistant welding equipment, specializing in the manufacturing of special equipment and expanding into industrial equipment and high-end structural components [1] - Key competitive advantages include mastery of core technologies, comprehensive production qualifications, and a stable management team with extensive industry experience [1][2] Market Opportunities - The waste incineration market shows broad demand, with downstream upgrades increasing penetration rates [2] - The coal-fired power generation sector is experiencing a demonstration effect, indicating significant growth potential [2] - The company has strategically positioned itself in HRSG and composite pipe businesses, with HRSG already achieving a certain scale of production [2] Financial Performance - As of September 30, 2025, overseas revenue accounted for approximately 54.28% of total revenue, with major exports to Asia, North America, South America, and Europe [3] - The garbage incineration power generation sector represents about 58.99% of the company's revenue, with significant contributions from the chemical, paper, and coal-fired power sectors [3] Industry Trends - The coal-fired power generation industry remains a crucial pillar of China's electricity supply, driven by rising electricity demand due to climate change and technological advancements [4] - Upgrades in coal-fired power plants for low-nitrogen combustion are expected to boost the industrial anti-corrosion and wear-resistant sector [4] Product Specifics - HRSG products are customized based on client specifications, with pricing determined by material costs, labor, and profit margins [5] - The main competitors for HRSG in the Vietnam base are from South Korea, Thailand, and Vietnam, with the company holding advantages in production costs and established client relationships [6] North American Market Insights - The demand for HRSG in the U.S. is driven by structural growth in electricity demand, including the expansion of AI data centers and electric vehicle charging stations [7][8] - The transition to cleaner energy sources enhances the market potential for HRSG, as it improves the efficiency of gas turbines and reduces carbon emissions [8]

编号：2025-023 | | □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 | □新闻发布会 □路演活动 | | 类别 | □√现场参观 | | | □其他（电话调研） | | 参与单位名称及 | 赢仕投资、国科龙晖、蜂投基金、疆亘资本、九一私募、光大证 | | 人员姓名 | 券 | | 时间 | 2025 年 12 月 19 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总裁、董事会秘书：章其强先生 | | 员姓名 | 证券事务代表：陈鸣迪女士 | | 投资者关系活动 | 机构投资者就公司生产经营情况、未来发展规划和战略等进行沟 | | 主要内容介绍 | 通交流。 | | 附件清单（如有） | 具体内容详见附件：2025 年 12 月 19 日投资者调研会议记录 | | 日期 | 2025 年 12 月 19 日 | 证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 ...

Group 1: Company Overview and Market Position - The company has established significant product competitiveness and brand influence in the nuclear power sector, with over 150,000 nuclear valves in operation and a market share exceeding 90% for core products like nuclear butterfly and ball valves [3] - The nuclear valve industry is expected to maintain a regulated, orderly, and high-quality competitive ecosystem due to the normalization of new project approvals and the deepening of key equipment localization strategies [3] Group 2: Product Lifecycle and Maintenance - Although nuclear valves have a design lifespan of up to 60 years, regular maintenance and preventive replacement of key components are necessary due to harsh operational conditions [4] - The nuclear valve parts market is becoming a stable and sustainable source of revenue for the company, driven by the increasing demand for spare parts as the number of operational nuclear units grows [6] Group 3: Export and Development - The company primarily exports nuclear valve products through indirect export channels, partnering with large domestic enterprises that have overseas project contracting qualifications [5] - The company is actively developing a full range of high-quality products, including nuclear butterfly valves, ball valves, and specialized valves for advanced nuclear applications, while investing in cutting-edge technology research [7][8] Group 4: Meeting Details - The investor meeting took place on December 19, 2025, from 16:00 to 17:30, with 10 attendees present [2][9] - There were no significant undisclosed information leaks during the investor meeting [9]

证券代码：300772 证券简称：运达股份 运达能源科技集团股份有限公司投资者关系活动记录表 编号： | 资 者 | | 系 | | √特定对象调研 | □分析师会议 | 投 | 活 | | 关 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 动类别 | | | | □媒体采访 | □业绩说明会 | | | | | | | | | | | □新闻发布会 | □路演活动 | | | | | | | | | | | □现场参观 | | | | | | | | | | | | □其他 | | | | | | | | 与 | 单 | 名 | 称 | 国信证券 徐文辉，中信建投 | 何人珂，东吴证券 胡隽颖 | 参 | | 及人员姓名 | 位 | | | 时间 | | | | 2025 年 12 月 22 日 | | | | | | | | 地点 | | | | 运达股份会议室 | | | | | | | | 市 | 公 | 接 | | 董事会办公室主任兼证券事务代表 | 马帅帅 | 上 | | | 司 | 待 | | ...

Group 1: Product Applications - The company's specialty amine products include PNA, PPDA, and CHDA, which are used in various downstream applications such as dyes, pigments, and polyamide materials [2] - The company is focusing on mainstream industries like coatings and exploring new applications in polyurethane materials, which are seen as key markets for future development [3] Group 2: Market Validation and Customer Types - The validation cycle for HDI products varies by application and customer type, with high-end automotive paint taking about 6 months, while industrial and wood coatings have shorter cycles [3] - Larger clients and foreign manufacturers typically have longer supplier onboarding processes, resulting in extended validation times compared to smaller domestic companies [3] Group 3: Investment Projects and Economic Viability - The projected after-tax internal rate of return for the 10,000-ton expandable TPU project is 39.68%, with a payback period of approximately 4.01 years; the 30,000-ton water-based polyurethane project has an expected return of 38.05% and a payback period of 4.21 years [3] Group 4: Competitive Advantages - The company's core competitive advantage lies in its ability to provide differentiated products at low costs, leveraging its supply chain to optimize product costs and maintain a competitive edge in the market [4] Group 5: Overall Performance Outlook - The company's performance in 2025 will be influenced by market demand, raw material prices, and operational factors, with specific results to be detailed in the annual report [5]

投资者关系活动记录表 3、请问公司在低空经济领域进展如何？ 编号：2025-009 | | □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： | | 参与单位名称及 | 东方财富证券：郁晾 | | 人员 | | | 时间 | 年 月 日 2025 12 19 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书：吕雅萍 | | 员姓名 | 投资者关系管理专员：庄娟 | | | 一、介绍公司的基本情况 | | | 二、主要问答环节 | | | 1、请问公司面对业绩的波动是如何应对的？ | | | 答：受传统规划业务市场萎缩、客户支付能力下降、行业竞争进一 | | | 步加剧等因素的影响，公司业务面临较大增长压力。面对重重困难，公 | | | 司继续围绕既定的发展战略，坚定不移地以打造"智慧城市规划运营专 | | | 家"为目标，通过持续加强内部管理，采取积极有效措施，扎实开展各 | | | 项日常生产经营工作。具体举措主要包括：一是针对新业务的 ...

根据《电力行业关键设备供需统计分析报告（配网协议库存 篇）》，2022-2024 年，国家电网配网物资协议库存招标的智能 环网柜（一二次融合环网箱）、智能柱上开关（一二次融合柱上 断路器）和箱式变电站中，公司合计中标数量位居前列，在细分 领域内具有较强的市场地位和影响力。 证券代码：301668 证券简称：昊创瑞通 北京昊创瑞通电气设备股份有限公司 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 形式 线下交流 参与单位名 称及人员姓 名 第一场：信达证券 武浩 第二场：中金公司 曲昊源、闫汐语 时间 2025 年 12 月 19 日 地点 本公司会议室 上市公司 接待人员姓 名 副总经理、董事会秘书：李峰 财务总监：赵永壮 证券事务代表：舒凯 投资者关系 活动主要内 容介绍 1.如何展望"十五五"配网投资以及对配电设备的采购情 况？ 答："十五五"（2026-2030 年）是我国新型电力系统建设 与能源转型关键阶段，预计配电网投资将延续"十四五"的高景 气度，投资规模将继续稳步增长。 ...