Group 1: Organizational Structure and Strategy - The company has made a series of adjustments to its organizational structure over the past two years, establishing a brand division that manages the entire cycle from product development to market promotion and sales [2] - Future organizational optimizations will focus more on business empowerment, with no major changes expected overall [2] Group 2: Online and Offline Development Strategies - Online, Douyin is the largest platform for VDS industry sales, maintaining rapid growth, while Tmall and JD.com together account for approximately 60% of the market share [2][3] - The company plans to optimize operational strategies and enhance social media penetration, focusing on consumer needs across different channels to drive product iteration and brand asset optimization [2] - Offline, the company aims to strengthen product capabilities through digital infrastructure in pharmacies and new commercial delivery models, enhancing operational and service capabilities [2] Group 3: Revenue Structure and Market Insights - Currently, Douyin accounts for about 20% of online channel revenue, while Tmall and JD.com together account for approximately 60% [3] - The cross-border market constitutes about 70% of the company's revenue, with the domestic market making up the remaining 30% [3] - The company will focus on product research and innovation to meet the increasingly diverse consumer demands, particularly in the top ten stable product categories [3] Group 4: Sales Expenses and Market Growth - Sales expenses are categorized into two types: A-class expenses for brand building across all channels and B-class expenses for sales conversion support, with a short-term decrease in sales expense ratio being challenging [3] - The industry still has growth potential in China due to increasing penetration rates and the expansion of new consumer groups [3] Group 5: Brand Matrix and Positioning - The company adheres to a multi-brand, full-category strategy, with the main brand "汤臣倍健" targeting the entire population [3] - The brands "健力多" and "lifespace" have shown good development, each accounting for over 10% of the company's revenue [3]

Group 1: Company Performance and Strategy - The company achieved significant growth in the first half of 2025, with a positive growth trend expected to continue into Q3 2025 due to international market penetration and localized operations [2][3]. - Absen focuses on maintaining technological leadership by investing in cutting-edge technologies such as Micro LED and virtual production, ensuring sustained commercial competitiveness [3][4]. - The company has redefined its brand positioning from "LED display application and service provider" to "global leader in LED display technology and applications," reflecting a commitment to industry leadership and customer service [4]. Group 2: Business Operations and Product Offerings - Absen is a leading global provider of LED display products, offering a full range of solutions from outdoor to indoor applications, with a diverse product line including advertising, stage, and smart screens [5]. - The company has made progress in its energy storage business, providing safe and sustainable products and services across Europe, Asia-Pacific, and domestic markets [5][6]. - Absen has successfully developed LED virtual studios, addressing key technical challenges and achieving positive market feedback with numerous landmark projects globally [6]. Group 3: Core Competencies - The company maintains a competitive edge through six core competencies: technological leadership, brand influence, service excellence, cost competitiveness, extensive sales network, and organizational culture [6][7]. - Absen has built a robust service system that supports customers throughout the entire lifecycle of the product, enhancing customer satisfaction and loyalty [6]. Group 4: Employee Incentives and Governance - The company has implemented three employee stock ownership plans (ESOPs) for 2022, 2023, and 2025, with incentive funds of 50 million, 40 million, and 60 million yuan respectively, aimed at aligning employee interests with company performance [8]. - These ESOPs are designed to improve corporate governance, enhance employee engagement, and attract and retain top talent, thereby supporting long-term strategic development [8].

Group 1: Company Overview and Strategic Moves - Jiangsu Hualan Pharmaceutical New Materials Co., Ltd. has over 1,000 pharmaceutical clients across more than 40 countries, providing a market entry and customer connection channel for its subsidiary, Kema Biotechnology [2] - The company is entering the AI innovative drug research and development field, responding to the global trend where major pharmaceutical companies are integrating AI into their strategic core [2] - The investment in Kema Biotechnology is seen as the first step in the company's strategic layout in AI innovative drug R&D, aiming to enhance technical service capabilities and foster new growth curves [2] Group 2: Product Development and Regulatory Status - The transition of the pen-type injector aluminum cap to "A" status allows the company to provide an integrated supply capability for core components of pen-type injectors, enhancing its competitive edge [3] - This transition also establishes a self-controlled supply chain for high-end pharmaceutical packaging materials, which have historically been dominated by international companies [3] - The company aims to meet the growing demand for high-end pen-type injector packaging materials, positively impacting future operational performance [3] Group 3: Collaboration and Market Expansion - The collaboration with Ganli Pharmaceutical Co., Ltd. is progressing well, with the recent regulatory approval strengthening this partnership [3] - The company is actively expanding its customer base, with positive developments reported in this area [3] Group 4: Shareholder Confidence and Future Outlook - The controlling shareholder's intention to increase shareholding reflects confidence in the company's long-term investment value and stable future development [4] - The company will disclose its full-year performance for 2025 in its annual report, which will be available on the designated information platform [4]

证券代码：300797 证券简称：钢研纳克 钢研纳克检测技术股份有限公司 投资者关系活动记录表 截至 2025 年 9 月 30 日，公司实现营业收入 80,597.45 万 元，较上年同期增长 11.64%；归属上市公司股东的净利润为 9,969.58 万元，较上年同期增长 15.08%；基本每股收益为 0.2637 元，较上年同期增长 14.95%。 二、具体问题 1、金属材料检测业务的客户结构，涉及到的材料类型结 构，下游各领域需求增长的驱动因素？ 答：金属材料检测业务的客户主要集中在航空航天、轨道 交通、海工船舶、能源核电等质量要求高的应用领域。材料结 构类型来分，高温合金材料检测占到公司全部检测业务一半以 上。未来金属检测领域尤其是高温合金材料检测预计还会持续 保持增长。 2、检测业务定价模式，毛利率未来变化趋势？ 答：公司的服务或产品主要采用成本加成法定价，具体做 法为：以成本核算为基础，根据服务或产品材料成本、人工费 用、制造费用等综合生产成本，同时兼顾考虑市场环境、工序 状况、技术附加值、品牌附加值等因素确定一定比例的利润率， 以成本加成的方法确定销售价格。对于年交易金额较大的客 户，公司与其 ...

证券简称：滨海能源 证券代码：000695 天津滨海能源发展股份有限公司 投资者关系活动记录表 编号：2025-003 答:公司已关注到行业的有关现状，将持续加强供应链管理、重视现金流管理、 做好风险控制。 6.请具体说明下公司终止重组的具体原因，是否和标的公司的估值争议有 关？结合近期己内酰胺市场价格触底。此次重组终止，是否意味着公司"负 极材料+尼龙新材料"双主业并行计划失败？后续有哪些并购的计划？ 答:自本次交易预案披露以来，公司及交易相关方积极推进本次交易的相关工 作，由于市场环境较本次交易筹划初期发生了变化，交易各方在对本次交易 进行协商和谈判后，对相关商业条款未能达成一致，为切实维护公司及全体 股东利益，经公司充分审慎研究及与交易各方友好协商，同意终止本次交易 事项。具体详见公司公告的《关于终止发行股份购买资产并募集配套资金暨 关联交易的公告》 根据《上市公司重大资产重组管理办法》及《深圳证券交 易所上市公司自律监管指引第 8 号——重大资产重组》等法律法规及规范性 文件的规定，本公司自终止重大资产重组事项公告披露之日起一个月内不再 筹划重大资产重组事项。未来如涉及重组事项，将依法披露，切实保障投 ...

Group 1: Company Overview and Performance - Joyful Intelligence has achieved profitability in the third quarter, with revenue showing a certain degree of increase compared to the same period last year, driven by strong customer trust [2] - The company is actively assisting downstream clients in product development, cost reduction, and market expansion to further increase market share [2] Group 2: Advantages of Circular Packaging - Circular packaging can be reused multiple times, resulting in lower single-use costs compared to traditional disposable packaging [3] - Customizable product features such as anti-shedding, dustproof, and flame-retardant properties enhance the protection of client components and improve storage and transportation efficiency [3] - At the end of the product's life cycle, circular packaging can be recycled to manufacture new products, offering stronger environmental benefits [3] Group 3: Client Adoption of Rental Models - Clients prefer the rental model due to lower initial investment, more controllable risks, and easier management compared to outright purchase [3] - The company incurs significant initial equipment investment, but costs decrease with multiple cycles of use, leading to continued profitability after depreciation [3] Group 4: Development in the Home Appliance Sector - Joyful Intelligence has expanded from refrigerator compressor circular packaging to the air conditioning compressor market, establishing a circular packaging operation system between clients and suppliers [3] - The stable market conditions in the home appliance sector are beneficial for the company's growth, with ongoing efforts to penetrate other core components like motors and control panels [3] Group 5: Industry Positioning and Future Growth - Under the national "dual carbon" policy, the company has established a strong influence in the circular packaging sector for automotive and home appliance industries, building a positive brand image among clients [3] - Future plans include increasing penetration in industries such as fresh produce, express logistics, and the wine industry, where initial partnerships have been formed to create new growth points [3]

证券代码：301187 证券简称：欧圣电气 苏州欧圣电气股份有限公司 投资者关系活动记录表 编号：2025-002 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 中信证券股份有限公司、中信建投证券股份有限公司、中 信证券资产管理有限公司、申万菱信基金管理有限公司、 平安养老保险股份有限公司、国海创新资本投资管理有限 公司、上海杉玺投资管理有限公司、深圳创富兆业金融管 理有限公司、山东国泰租赁有限公司、山东国惠基金管理 有限公司、东吴创新资本管理有限责任公司、上海宝弘景 资产管理有限公司 时间 2025年11月18日 10:00-12:00 地点 江苏省苏州市吴江区汾湖高新技术开发区来秀路888号公 司会议室 上市公司接待人员姓名 董事会秘书 罗刚 投资者关系活动主要 内容介绍 一、投资者交流主要问题： 1、公司的三季报数据利润有较大的下滑是什么原 因，明年能重新回到高速增长的轨道吗？ 今年一季度公司业绩维持高速增长，但自二季度起受 中美关税战影响，公司业务受到较大冲击。为提升竞争力 2025 年第三季度，受马来西亚 ...

Group 1: Company Overview and Market Position - Xinhenghui's etching lead frame business is experiencing growth due to rising market demand in emerging fields such as 5G, AI, IoT, and automotive electronics [2][3] - Major domestic suppliers of etching lead frames include Xinhenghui, Kangqiang, and Tianshui Huayang, with the domestic localization rate needing further improvement [3] Group 2: Production Capacity and Product Development - The company is implementing a high-density QFN/DFN packaging material industrialization project to enhance technical capabilities and product lines [3] - Continuous investment in potential customers and accelerating the introduction of new clients for mass production is a priority [3] Group 3: Product Applications and Market Trends - Etching lead frames are essential materials for IoT eSIM chip packaging, applicable in mobile phones, wearable devices, and industrial IoT [3] - Future demand for IoT chips is expected to grow as IoT technology expands across various fields, with a focus on high performance, low power consumption, and integration [3][4]

1 | | 接待过程中，公司严格按照相关制度规定，没有出现未公开重大信息泄露等情况， | | | --- | --- | --- | | | 同时已按深交所要求签署调研《承诺书》。 | | | 附件清单（如有） | 无 | | | 日期 | 2025 年 11 18 日 | 月 | 2 证券代码：002419 证券简称：天虹股份 天虹数科商业股份有限公司投资者关系活动记录表 编号：2025-06 | ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 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 | | 参与单位名称及 人员姓名 | 东方证券陈笑。 | | 时间 | 2025 年 11 月 18 日下午 15:00 | | 地点 | 公司会议室 | | 上市公司接待人 员姓名 | 罗曾琪（证券事务代表） | | | 1.超市调改进展？ | | | 2024 年，公司超市业态主动变革创新，升级及打造了九大生活主题馆和一个全仓 | | | 履约中心，全国首家 SP@CE3.0 在深圳宝安天虹购物中心落地。 | | | ...

股票代码：002615 股票简称：哈尔斯 编号：2025-004 | 投 资 | 者 | 关系 | 活 动 | 特定对象调研 □分析师会议 | | | --- | --- | --- | --- | --- | --- | | 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 | | | 参与单位名称 | | | | 国金证券、信达证券、广发证券、财经无忌 | | | 时间 | | | 2025 | 年 月 日 17 | 11 | | 地点 | | | | 哈尔斯（泰国） | | | 上 市 | 公 | 司接 | 待 人 | 董事会秘书、投资与证券管理中心总经理：邵巧蓉女士 | | | 员姓名 | | | | 证券事务主管：潘诗然女士 | | | | 1、问题：想要了解一下公司在泰国基地的订单及生 | | --- | --- | | | 产状况如何？ | | | 回复：当前泰国基地订单符合预期，生产节奏稳步提 | | | 升，产能处于爬坡阶段。泰国基地以精益化、标准化、智 | | | 能化、数字化与绿色化 ...