Group 1: Company Strategy and Globalization - The company is implementing a "globalization, diversification, and digitalization" strategy, focusing on "efficiency, scale, quality, and sustainability" to enhance operational resilience and improve performance quality [1] - In the first three quarters, overseas revenue reached 21.3 billion RMB, accounting for nearly 60% of total revenue, with strong demand in markets such as the Middle East, Africa, and Southeast Asia [1] - The company aims to transition from a "cyclical enterprise" to a "value growth enterprise" and a "frontier technology enterprise" [1] Group 2: Product Development and Market Position - The company has a leading market share in large-tonnage crawler cranes and all-terrain cranes, with significant growth in concrete machinery driven by electrification [2] - In the mining machinery sector, the focus is on "large-scale, green, and intelligent" solutions, with a complete technology route established for fuel, hybrid, and pure electric products [8] - The agricultural machinery market is projected to be around 1 trillion RMB globally, with the company targeting high-end, large-horsepower products to meet increasing overseas demand [10] Group 3: Financial Performance and Cost Management - The company's profitability has improved due to a rising share of overseas business, product structure optimization, and cost reduction efforts [14] - In the first three quarters, total expenses (sales, management, and R&D) amounted to 6.624 billion RMB, with a comprehensive expense ratio of 17.83%, a decrease of 0.26 percentage points year-on-year [15] - The company has implemented measures to mitigate rising shipping costs, including local production and strategic partnerships with shipping companies [14] Group 4: Future Industry Trends and Domestic Market Outlook - The domestic market for non-excavation products is recovering, with concrete and engineering cranes sales increasing by approximately 30% year-on-year [17] - Key drivers include structural recovery in downstream demand, a replacement cycle for existing equipment, and accelerated technological upgrades [18] - The company anticipates a stable upward trend in the domestic market for the coming year, supported by government investment in infrastructure and green transition policies [18]

编号：2025-034 | | √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 | | 类别 | □新闻发布会 □路演活动 | | | √现场参观 □其他： | | 参与单位名称及 | 兴全基金：徐留明 | | 人员姓名 | | | 时间 | 2025 年 12 月 17 日 | | 地点 | 临海 | | 上市公司接待人 员姓名 | 黄志强、郑婷燕、邱逸远 | | | 1、当前快反订单占比有多少？公司的举措？ | | | 答：随着经济的发展，人民生活水平的不断提升，消费者对于服装个性化的 | | | 需求日益凸显；此外品牌客户为了降低库存风险，提高运营质量，受前述原因综 | | | 合影响，服装品牌客户对于快反的需求越来越明显。 | | | 针对小批量、多批次、快交期的行业订单趋势，公司除了增强服务意识之外， | | | 还不断通过智能制造和柔性制造体系的打造来保障生产效率，多方面的举措形成 | | | 了公司较强的快反能力。 | | | 2、公司海外工业园情况如何？未来规划？ | | 投资者关系活动 | 答：目前孟加拉和越南两家海外工厂均呈现 ...

证券代码：300498 证券简称：温氏股份 债券代码：123107 债券简称：温氏转债 温氏食品集团股份有限公司投资者关系活动记录表 编号：202515 | 投资者关 | 现场调研 电话会议 | | --- | --- | | 系活动类 | 业绩说明会 路演活动 | | 别 | 券商策略会 其他活动 | | 参与单位 | 2025 年 12 月 18 日-19 日，公司赴香港路演，由中金公司协助组织，共开展 8 场交流会 | | 名称及人 员姓名 | 议。JP Morgan AMC、UBS AMC、Point72、Taikang AMC、Dymon Asia、T.Rowe Price、 | | | Enhanced Investment Products 等 10 家机构共 27 位机构投资者参与。部分名单详见附 | | | 件清单。 | | | 重要提示：参会人员名单由组织机构提供并经整理后披露。公司无法保证所有参会人员 | | | 及其单位名称的完整性和准确性，敬请投资者注意。 | | 时间 | 年 月 日-19 日 2025 12 18 | | 地点 | 香港 | | 上市公司 | | | ...

| 问：近期在电动自行车镁合金需求是否有明显增加？ | | | --- | --- | | 答：自新国标发布以来，电动车产业链上下游企业均已迅速采 | | | 取行动，积极启动镁合金替代塑料件的工作。预计在"十五五"期 | | | 间，镁在电动两轮车的用量将持续快速提升。 | | | 目前，已有不少电动自行车企业开始积极采用镁合金材料。爱 | | | 玛、雅迪、小牛等行业龙头，已在部分车型中应用镁合金制造轮毂、 | | | 车架等部件。从公司订单上来看，镁合金在两轮电动车上的用量正 | | | 在快速增加，这一趋势由新国标政策、轻量化需求和技术进步共同 | | | 驱动。随着渗透率提升和应用部件扩展，未来几年将迎来更大规模 | | | 增长，市场前景广阔。 | | | 问：公司半固态工艺的成本是否还有下降空间？ | | | 答：加工成本快速下降的趋势存在，主要来源于两点（1）半固 | | | 态设备价格的下降。随着应用的推广，设备规模化生产，设备价格 | | | 会有明显下降。（2）应用厂家随着生产工艺的成熟及员工操作的熟 | | | 练程度提高，成品率会大幅提高，从而降低加工成本。 | | | 问：公司镁合 ...

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 ...