Group 1: International Business Advantages - The company has established over 70 overseas offices, operating in more than 100 countries, primarily along the "Belt and Road" initiative [4] - It has completed hundreds of large-scale turnkey projects and equipment exports, demonstrating strong international operational capabilities [4] - The company maintains a low asset-liability ratio and has diverse financing channels, supporting business development [4] - It has a strong technical and brand advantage in niche areas such as medical construction and solid waste handling [4] Group 2: Digital Infrastructure Achievements - The company has developed a comprehensive design system for intelligent computing centers, covering the entire lifecycle [5] - It has undertaken key projects like the National Supercomputing Center in Shenzhen and various data centers for major banks, contributing to the digital transformation of the financial sector [6] Group 3: Deep Earth Economy Initiatives - The company has successfully entered the high-value oil and gas sector, receiving accolades such as "Outstanding Contractor" from the Iraqi Prime Minister [7] - It has signed multiple contracts for projects in Iraq, including the central processing facility and gas field operations [7] Group 4: Overseas Business Orders and Growth - From January to September 2025, the company signed new international contracts worth $1.881 billion, a year-on-year increase of 19.58% [8] - The effective contract amount reached $1.621 billion, with a growth rate exceeding 90%, marking a recent high [8] Group 5: Shareholder Returns - The company has distributed a total of 3.24 billion yuan in dividends since its listing, maintaining a high dividend payout policy of at least 40% of distributable profits [9] - In 2025, the company initiated a share buyback program with a budget of 50 million to 100 million yuan to enhance shareholder value [9]

Group 1: Company Overview and Activities - Shenzhen China Bicycle (Group) Co., Ltd. participated in the 2025 Shenzhen Listed Companies Investor Online Reception Day [1] - The event took place on November 20, 2025, from 14:30 to 17:00, via the Panoramic Network's investor interaction platform [2] - The company representatives included Chairman Wang Shenghong, President Li Hai, and other key executives [2] Group 2: Business Strategy and Future Plans - The company aims to strengthen governance and improve internal management mechanisms, focusing on team development and operational efficiency [3] - In the gold and jewelry sector, the company plans to enhance supplier systems, expand customer resources, and improve product quality management [3] - The electric bicycle and new energy sectors will focus on brand maintenance, sales network construction, and exploring breakthroughs in lithium battery and new materials [3] Group 3: Financial Performance and Core Business - The gold and jewelry business constitutes over 99% of the company's revenue, highlighting its significance as the core operational area [3] - The company does not have its own lithium battery production facility, indicating a focus on other core competencies [3] Group 4: Market Outlook and Economic Context - The macroeconomic outlook is positive, with growth potential in exports benefiting various industries [4] - The company is committed to maintaining asset security and supporting stakeholder interests amid ongoing legal matters [3]

证券代码：002823 证券简称：凯中精密 深圳市凯中精密技术股份有限公司 深圳市凯中精密技术股份有限公司 投资者关系活动记录表 | 所处的新能源汽车行业在国内发展迅猛，但公司的股价最近几 | | --- | | 年一直不愠不火，公司能不能进行股份回购等措施提振一下股 | | 价？ | | 答：您好！感谢您的宝贵建议！公司将积极研究各类提升内在 | | 价值及市场认同感的举措，进一步强化与市场的沟通，丰富价 | | 值传递内容，通过多种渠道和方式，及时、准确、全面地向市 | | 场传递公司的战略规划、经营成果及发展前景，增进投资者对 | | 公司价值的理解与认同。谢谢！ | | 7、贵公司是否已切入特斯拉供应链，具体供应什么产品？ | | 答：您好，公司新能源精密连接器等零组件产品已配套国内、 | | 外一线车企、众多知名 Tier1 优质客户。感谢您的关注！ | | 8、贵公司在机器人这块是否有布局？是否已和小米、特斯拉等 | | 建立合作关系？ | | 答：公司已密切关注人形机器人等新兴产业及市场发展变化， | | 公司将结合自身优势能力和客户需求，进行相关技术拓展和业 | | 务规划，谢谢。 | | 9 ...

Group 1: Company Overview - The company primarily engages in smart hardware manufacturing and smart terminal products, providing services such as engineering testing, manufacturing, and supply chain management for brand owners [2] - Key products include semiconductor packaging testing equipment components and products related to the new energy sector, such as inverters and automotive electronics [2] Group 2: Financial Performance - The company reported growth in both revenue and net profit attributable to shareholders for the third quarter of 2025 compared to the same period last year [3] - The management aims to enhance profitability and internal value while creating long-term investment value for shareholders [3] Group 3: Strategic Planning - The company is focused on market expansion and improving operational efficiency to adapt to a complex external environment [3] - Future strategic plans and industry outlook can be found in the company's disclosed 2024 annual report [3] Group 4: Investor Inquiries - The company has confidentiality agreements with major clients, limiting the disclosure of specific customer information [4] - The company does not currently have products used in military applications [4] - The company manages idle cash through financial management to enhance fund utilization efficiency [5]

Group 1: Business Strategy and Core Focus - The company has established a development strategy focusing on "deepening AiDC and concentrating on power semiconductors" since its listing [2] - It aims to create a smart IDM ecosystem in the power semiconductor industry, covering all key segments of the supply chain [2][4] - The company is one of the few listed firms in China with a complete layout in the core segments of the power semiconductor supply chain, including wafer raw materials, wafer foundry, and chip design [3][8] Group 2: Financial Performance and Challenges - The company is currently in a loss phase due to the long-cycle nature of the semiconductor industry, particularly in capital-intensive areas like wafer foundries [3][4] - Fixed costs such as labor and utilities are high, and significant depreciation expenses are impacting current financial performance [3] - The company is in a healthy expansion phase and aims to achieve positive operating cash flow and profitability as it scales production [4][5] Group 3: Production Capacity and Future Plans - The wafer foundry, Guangxin Microelectronics, is in a ramp-up phase with a planned monthly production capacity of 100,000 6-inch silicon-based power devices [5][8] - Full production is expected to be achieved by the end of 2026 or the first quarter of 2027 [5] - The company plans to enhance production capacity and optimize its process platform to attract more quality design companies [4][5] Group 4: Market and Investor Relations - The company has implemented two rounds of share buybacks since 2024, totaling over 60 million yuan, to maintain company value and support shareholder interests [7][8] - Despite recent stock price declines, the company emphasizes its commitment to transparent information disclosure and maintaining healthy investor relations [7][8] - The company is focused on creating sustainable growth and enhancing shareholder value through strategic business development [7][8]

Group 1: Company Overview and Operations - The company focuses on the research, design, production, and sales of LCD display and touch control products, applied in various fields such as industrial control, IoT, healthcare, and automotive electronics [2] - The company prioritizes innovation and independent research and development, continuously increasing R&D investment to explore cutting-edge technologies [3] - The company is committed to transforming and applying technological achievements based on market demand and industry dynamics [3] Group 2: R&D and Technological Development - The main R&D directions include aligning with policy development, industry characteristics, and market needs to drive innovation [3] - The company has established basic production capacity for electronic paper products and achieved small batch shipments, with plans for continuous technology upgrades [5] - Specific R&D project details can be found in the company's annual report under "Management Discussion and Analysis" [5] Group 3: Market Position and Future Plans - The company aims to enhance core competitiveness through continuous technological innovation and operational efficiency to support market value growth [5] - Future development plans include promoting product technology updates and launching new products in line with industry trends and market demands [4] - The company is exploring acquisition opportunities to strengthen its industry layout and create new profit growth points [3] Group 4: Shareholder and Market Concerns - The company acknowledges that stock price fluctuations are influenced by macroeconomic conditions, industry trends, and investor sentiment [5] - Shareholder reductions are based on personal financial needs, and the company ensures compliance with regulatory requirements during this process [4] - The company is actively managing market value through investor communication, cash dividends, employee stock ownership plans, and potential share buybacks [5]

Group 1: Strategic Investment and Growth - The company has invested in Luoyang Aowite, acquiring an 18% stake, aiming to leverage Aowite's technology and products to penetrate the core components market for robots, fostering new business growth [2][3] - The anticipated sales revenue increase from the investment in Aowite is expected to align with market demand from 2026 to 2028, particularly in high-precision bearings for robotics [2][3] Group 2: Market Performance and Trends - The company has seen a positive trend in orders since Q3 2025, attributed to improved external conditions and strategic capacity planning, which aligns with operational expectations [4][5] - In the North American market, the company has established a strong presence, with revenue from this region accounting for over 80% of total revenue in the first three quarters of 2025, supporting overall performance growth [5] Group 3: Product Innovation and Market Expansion - The company is focusing on the rapidly growing plant lighting market, driven by factors such as policy changes, technological advancements, and increasing demand for local food production [4][5] - The expansion of vertical farming and the legalization of cannabis in several U.S. states have created a robust demand for LED technology in plant lighting, contributing to significant order growth [4][5]

| 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 | | | | □其他 | | | 参与单位 | 民生证券 | | | 名称 | | | | 时间 | 11 月 19 日 | | | 地点 | 线上沟通 | | | 上市公司 | 证券事务代表 宋伟女士 | | | 接待人员 | | | | 姓名 | | | | | 1、公司业绩增长的主要驱动因素？ | | | | 公司前三季度业绩增长主要源于三方面：一是核心膜业务收入的稳健 | | | | 提升；二是国内与国际市场的双轮驱动，收入同步增长；三是产品结 | | | | 构持续优化，高附加值产品销量攀升，成为提升盈利能力的核心动能。 | | | 投资者关 | 2、在海外市场拓展中，公司采取了哪些具体措施来保障海外业务的 | | | 系活动主 | 持续健康发展？ | | | 要内容 | 公司通过构建均衡的全球市场布局，以多元化的渠道与本地化运营降 | | | | 低对单一市场的依赖；同时，凭借持续的 ...

Group 1: Investor Relations Activities - The investor relations activity was held on November 20, 2025, from 14:30 to 17:00 on the "Panorama Roadshow" website [2] - Participants included the Chairman, General Manager, Independent Directors, and other executives of the company [2] Group 2: Business Expansion and Market Strategy - The company plans to deepen localization in existing markets such as the US, Europe, Asia-Pacific, and India, while also exploring emerging markets in Latin America and the Middle East [2][3] - The transition from a hardware provider to a comprehensive solution supplier is underway, focusing on core business areas like smart interactive panels and expanding into new product lines such as LED and STV [2][3] Group 3: Employee Incentives - A share repurchase plan was completed in June 2025, with a total of 2,398,850 shares repurchased, intended for employee stock ownership or incentive plans [4] Group 4: Research and Development Investment - In the first half of 2025, the company invested 89.15 million yuan in R&D, accounting for 6.37% of revenue [6] - The company has established R&D centers in multiple cities and has a strong R&D system focused on key technologies in the education sector [6] - In the first half of 2025, the company obtained 40 domestic patents, 6 foreign patents, 14 domestic trademarks, 3 foreign trademarks, and registered 10 software copyrights [6]

投资者关系活动记录表 | 编号：2025-02 | | --- | | ☐ | 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（2025年度深圳辖区上市公司投资者网上集体接待日活 | | | 动） | | | | 参与单位名称及 | 通过"全景路演"网站远程参与集体接待日活动的广大投资者 | | | 人员姓名 | | | | 时间 | 2025年11月20日（周四）下午14:30-17:00 | | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 上市公司接待人员姓名 | 1、副总经理兼董事会秘书李战 | | | | 2、财务负责人雷冬梅 | | | | 3、董事李文坤 | | | | 4、独立董事李志平 | | | | 5、独立董事郭晋龙 | | | | 6、独立董事曾繁军 | | | | 1、公司与市机器人联盟形成战略伙伴做为二十几家上市 公司是否对应20加一的机器人产业， ...