宁夏东方钽业股份有限公司 投资者活动记录表 编号：2025-026 | 投资者关 | □ | □特定对象调研 | 分析师会议 | | --- | --- | --- | --- | | 系活动类 □ | □ | 媒体采访 | 业绩说明会 | | 别 | | | | | □ | □ | 新闻发布会 | 路演活动 | | ☑ | □ | 现场参观 | 电话会议 | | □ | （请文字说明其他活动内容） | 其他 | | | 参与单位 | 中和资本：徐轩；江西金控投资集团：熊天欣、邹凯 | | | | 名称及人 | | | | | 员姓名 | | | | | 时间 | 日上午 9:30—12:00 | 2025 年 12 月 22 | | | 地点 | 宁夏东方钽业股份有限公司 | | | | 上市公司 | | | | | 接待人员 | 副总经理兼董秘：秦宏武；证券部员工：尚满义 | | | | 姓名 | | | | | | 1、参观公司展厅和部分生产车间，介绍公司基本情况。 | | | | 投资者关 | | | | | 系活动主 | 2、公司主要产品和应用领域？ | | | | 要内容介 | | | | | 绍 ...

证券代码：301083 证券简称：百胜智能 江西百胜智能科技股份有限公司 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | 现场参观 其他 | | 参与单位名称 | 浙江思考私募基金股份有限公司 岳志斌 | | 及人员姓名 | | | 时间 | 2025 年 12 月 20 日 | | 地点 | 江西百胜智能科技股份有限公司 | | 上市公司接待 | 总经理 刘子尧 | | 人员姓名 | 董事会秘书 贾虓龙 | | | 机械工程师 谈磊 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、百胜智能的高速谐波器目前使用情况？ | | | 百胜智能的伺服高速谐波道闸已在成都双流机场项目运行一 | | | 年多，单台运行次数 万次/天，目前正在采购更多各种谐波 1 | | 投资者关系活动 | 减速器进行产品的升级改造。 | | 主要内容介绍 | | | | 2、百胜智能目前机器人产品的开发情况？ | | | 百胜智能已设立机器人智能产品研发部，主要对公司巡检、安 ...

Group 1: Company Overview and Operations - The company has seen a steady increase in gross margin due to optimizing product structure, enhancing internal management, improving product quality, and continuously promoting cost reduction and efficiency enhancement [2][3]. - The company's OEM business primarily involves the production and processing services of PET bottle preforms, bottled beverages, and daily chemical liquid detergents [3]. Group 2: Product Applications and Market Strategy - Aseptic filling equipment is widely applicable in the production of functional beverages, fruit juices, dairy products, tea drinks, carbonated beverages, and bottled drinking water [3]. - The company expands its market in Southeast Asia mainly through partnerships with agents, leveraging their local insights and resources to effectively reach target customers [3]. Group 3: Financial Management and Risk Mitigation - The company reports that its major clients in India have a good payment performance with no significant default risks to date [3]. - Overseas revenue is primarily settled in USD, with RMB and other currencies used for regional business transactions. The company closely monitors exchange rate fluctuations and may engage in foreign exchange hedging to manage risks [3]. Group 4: Cost Management and Future Plans - According to the company's Q3 2025 report, sales, management, and financial expense ratios are all below industry averages, indicating effective cost management [4]. - The company plans to continue controlling the growth of expenses through proactive and effective cost management strategies [4].

证券代码：300470 证券简称：中密控股 中密控股股份有限公司投资者关系活动记录表 编号：2025-016 3、公司收购的德国子公司 KS GmbH 是出于什么考虑？ 答：国际化战略是公司最重要的战略之一，开拓国际市 场是公司业务中的重要组成板块，收购德国子公司是公司国 际并购迈出的第一步，公司能够通过这次收购积累国际市场 产业并购整合的宝贵经验。同时，KS GmbH 的产品性能处于国 际领先水平，其产品、客户、应用领域与子公司优泰科也具 有较高协同效应。 4、公司认为机械密封行业的难点是什么？ 答：从产品本身来讲，机械密封是非常多的交叉学科结 合而来的一个产物，对设计、制造、试验环节的要求都非常 高，需要非常专业的技术和丰富的经验；从行业壁垒来讲， 同类型装置的过往工程业绩就是这个行业最大的壁垒。机械 密封产品在装置中是一个非常关键的零部件，价值量在项目 总投资额中占比较低，但对装置的安全运行起到很大的作用， 所以客户非常看重产品的品质和可靠性。而机械密封产品又 是一个非常复杂的零部件，客户选用供应商时主要依赖其类 似产品的过往工程应用业绩，这些业绩都是长期积累的过程， 短时间内很难突破。 | 附件清单（ ...

Group 1: Agricultural Protection Business - The agricultural protection business currently accounts for a significant portion of the company's revenue, with plans for future development focusing on maintaining steady growth in this concentrated industry [1] - The company has established long-term strategic partnerships with multiple international agricultural companies, covering all stages of the product lifecycle [1] - The company has production bases across China and an overseas base in the UK, with plans to establish Malaysia as a second overseas base to enhance supply chain differentiation [1] Group 2: Pharmaceutical Business Development - The pharmaceutical business is rapidly developing, with a focus on attracting new strategic and high-viscosity clients [2] - The company has formed stable commercial relationships with several high-quality domestic and international clients, expanding its business cooperation scope [2] - Future growth in the pharmaceutical sector is expected as the company continues to promote products under patent protection and enhance its technical capabilities [2] Group 3: Research and Development Directions - The company is expanding its R&D efforts from traditional small molecule drugs to include amino acids, peptides, and other advanced drug delivery systems [3] - The team is focused on accelerating the transition of early clinical projects for clients, providing diverse linker synthesis services for ADC/PROTAC drugs [3] - These new directions are anticipated to broaden the company's CDMO service offerings and enable the acquisition of more projects [3] Group 4: CDMO Capabilities and Client Relationships - The company emphasizes enhancing its technical innovation, safety standards, production management, and quality assurance systems to meet client needs [4] - A strong intellectual property confidentiality system and a commitment to integrity have earned the company recognition from leading global agricultural and pharmaceutical clients [4] - The selection of suppliers by international clients is based on comprehensive evaluations of technology, regulations, environmental standards, and quality, leading to stable and long-term partnerships [5] Group 5: Capital Operations and Financial Outlook - Currently, the company has no plans for capital operations focused on secondary market financing, with recent capital expenditures directed towards the construction of coastal and Malaysian bases [5] - The net cash flow from operating activities for the first three quarters of 2025 was approximately 9 billion, sufficient to support planned capital expenditures [5] - Future financing plans will be evaluated based on strategic investment needs and market conditions [5] Group 6: New Energy Business - The company primarily focuses on the sales of lithium hexafluorophosphate and electrolyte products, with ongoing technical improvements in the lithium hexafluorophosphate project [5] - Revenue from the new energy business is expected to break through in 2025, with plans to deepen market penetration and optimize the supply chain [5]

证券代码：300656 证券简称：民德电子 深圳市民德电子科技股份有限公司投资者关系活动记录表 SBR、高压二极管、恒流管等产品，上述产品可覆盖功率半导体的大部分品类，应用 场景包括数据中心电源、电网智能电表、矿机电源、工业电机电源、汽车电子、光伏、 消费电子等。 广芯微电子的核心竞争力主要包括两方面： 公司未来的投资，将以晶圆代工产能扩产为主，在其他环节的股权投资应该会较 少。此外，对于此前已投资的非核心资产，会考虑在合适的时机出售以收回资金，并 获取一定的投资收益。 近期，公司投资方面主要进展有：（1）公司于 2025 年 11 月出售了物流自动分拣 设备公司君安宏图的控股权，收回 1,480 万元股权转让款和 300 万元借款，减少 2,000 万元银行授信担保，以及减少了约 5 千万的应收和约 7 千万的存货，本次股权转让可 优化资源配置、聚焦核心业务发展、提升公司资产运营效率；（2）特种工艺晶圆代工 厂芯微泰克于近期获得了产业合作方数千万的股权融资；（3）晶圆原材料企业晶睿电 子预计将于近期完成约 2 亿元股权融资，并计划于 2026 年启动上市筹备工作。 编号：2025-05 | | 特定对象调研 ...

光力科技股份有限公司投资者关系活动记录表 编号：20251219 | | □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 （请文字说明其他活动内容） | | | 国恩资本：吕旭川；珠海风满楼基金：王斐，张雨赫；河南聚盛基 | | 参与单位名称及 | 金：欧阳蒙；河南千领实业有限公司：朱永会；深圳穗景私募：张 | | | 博；杭州循道量化：仝胜利；河南昌诺基金：王海隆；海南岚昌创 | | 人员姓名 | 投资：李连沪；中博基金：王琳，个人投资者黄忆青，吴红，郭素 | | | 芬，何培军，等 14 投资者。 | | 时间 | 2025 年 12 月 19 日 14:30-16:30 | | 地点 | 公司郑州航空港厂区 号楼会议室 2 | | 上市公司接待人 | 总经理、董事：胡延艳 | | 员姓名 | 证券事务代表：关平丽 | | | 公司管理层简要介绍公司情况，带领各位投资者参观了公司生产车 | | | 间、展厅等区域，并与投资者就公司半导体封测装备业务、物联网 ...

Capacity Planning - The second phase of the Quzhou base is nearly completed, with plans to establish a 587Ah battery production line next year [1] - The company’s small storage battery products range from 20-150Ah, with mainstream models being 50Ah and 100Ah [1] - The current production capacity for small storage products is at full capacity, with production scheduled until the first half of next year [2] Market Demand and Supply - The demand for small storage batteries is higher than for large storage batteries due to multiple regional demands in similar scenarios [2] - The company’s overseas large storage orders are increasing significantly compared to previous years, with major clients in North America, India, and Europe, each accounting for approximately one-third of the market [2] Product Development and Cost - The manufacturing cost of the 587Ah product is expected to decrease theoretically as capacity increases, although initial yield rates may be lower than the current mainstream 314Ah products [2] - The company anticipates that domestic growth next year will be similar to this year, while overseas growth is expected to accelerate [2] Material Management - The company employs different raw material procurement strategies based on market conditions and will engage in commodity hedging to manage price volatility risks [3]

Group 1: SOFC Business Development - The company is continuously deepening its SOFC (Solid Oxide Fuel Cell) business through technological innovations and market deployment, aiming to drive the development of this strategic emerging industry [2] - In November 2025, the company signed a technology licensing agreement with Xilius, enabling full mastery of core technologies related to batteries, stacks, systems, and power stations [2] - The company has launched a new generation of high-power metal-supported commercial products, significantly improving power generation efficiency, power density, start-up speed, and operational reliability, establishing a foundation for large-scale commercialization [2] Group 2: Heavy Truck Industry Trends - According to the China Association of Automobile Manufacturers, from January to November this year, the cumulative sales of heavy trucks in China reached 1.042 million units, a year-on-year increase of 27.5% [3] - Heavy truck exports totaled 308,000 units, reflecting a year-on-year growth of 15.1%, indicating a diversified energy structure in the domestic heavy truck market [3] - The company is optimistic about the future of the heavy truck industry and is laying out multiple technological routes to adapt to short- and medium-term industry trends [3] Group 3: Large Bore Engine and Data Center Business Progress - In the first three quarters of this year, the sales of the M series large bore engines exceeded 7,700 units, representing a growth of over 30% [3] - Sales in the data center market surpassed 900 units, showing a year-on-year increase of over 300%, contributing significantly to the company's performance [3] - The rapid iteration of AI technology is driving the expansion of the data center backup power market, leading to a surge in demand for high-end engines in this segment [3]

Revenue Growth - In the first three quarters of 2025, the company achieved a revenue of 904 million yuan, representing a year-on-year growth of 42.77% [2] - The revenue growth is driven by two core factors: - A strong recovery in the traditional core mold business, with a 62.45% increase in revenue and a 5.99% rise in gross margin in the first half of 2025 [2] - Rapid expansion of the new energy business, with revenue contributions from lithium battery precision components and conductive connection components reaching 17.92% and 11.79%, respectively [2] Profitability Improvement - The company plans to optimize product structure to increase the proportion of high-margin new energy precision components, leveraging scale effects to reduce costs [3] - Profitability is expected to improve gradually as new energy business production capacity is released and order scales expand, with specific timelines dependent on market conditions and business progress [3] Strategic Business Expansion - The company is entering the humanoid robot sector through collaborations with several enterprises, driven by three strategic considerations: - Capturing emerging industry benefits, with the humanoid robot market projected to grow at an average compound annual growth rate of over 50% from 2025 to 2030 [3] - Aligning with national strategic directives to promote high-end manufacturing transformation [3] - Utilizing existing precision manufacturing capabilities to enhance robot component development [3] - Initial small-scale supply of humanoid robot components, including dual-arm and leg structures, has commenced [3] Acquisition Plans - The company is progressing with the acquisition of the remaining 60% stake in Junpeng Communication, having already acquired 40% [4] - Key steps include ongoing due diligence, auditing, and updating financial data to facilitate the transaction [4] - The acquisition aims to strengthen the company's competitiveness in the new energy sector, particularly in lithium battery structural components, and to enhance the overall energy industry chain [4]