证券代码：301045 证券简称：天禄科技 苏州天禄光科技股份有限公司 投资者关系活动记录表 3、TAC膜项目近期的进展如何？ 编号：2026-004 | | 年 月取得建筑 （1）厂房建设方面：安徽吉光已于 2025 6 | | --- | --- | | | 工程施工许可证，目前厂房建设稳步推进；（2）设备采购方面： | | | 主要设备将于今年上半年陆续进场调试；（3）研发方面：实验 | | | 室状态的试制膜已送往下游偏光片厂和面板厂进行检测，测试 | | | 结果与安徽吉光自身检测的结论无重大差异。该程序主要用于 | | | 验证不同方式对厚度、透光率、雾度值、拉伸性能、抗UV等测 | | | 试指标的影响，并非用于论证安徽吉光批量化生产的能力。 | | | 4、近期公司公告对安徽吉光进行增资，同时引入外部投资 | | | 人，且仍有进一步融资预期，公司最终对安徽吉光的持股比例 | | | 如何，是否可以并表？ | | | 最近一轮融资完成后，公司对安徽吉光的持股比例为 | | | 56.4603%，融资工作已进入收尾阶段，公司的持股比例预期将 | | | 维持在 50%以上，对安徽吉光保持并表。 ...

Group 1: Data Center Business Progress - The rapid iteration of AI technology is driving the acceleration of computing infrastructure, leading to a significant expansion in the data center power equipment market and a surge in demand for high-end engines [2] - The company has established a comprehensive energy solution capability and has successfully delivered projects in various domestic and international regions, with increasing market recognition [2] - Future plans include actively expanding domestic and international strategic customers to further enhance business contributions [2] Group 2: SOFC Business Development - The company is continuously deepening its efforts in the SOFC field through technological innovations and market deployment [3] - A technology licensing agreement was signed with a partner in November 2025, allowing the company to fully master core technologies related to batteries, stacks, systems, and power stations [3] - The company has introduced a new generation of high-power commercial products, achieving significant improvements in power generation efficiency and power density, and has established intent to cooperate with several leading enterprises [3] Group 3: Shareholder Return Outlook - The company is focused on optimizing its profit structure and enhancing its performance and long-term competitiveness [3] - Plans include maintaining a high frequency of cash dividends and share buybacks to improve shareholder returns [3] - The company will consider various shareholder expectations and market changes to sustain a proactive and stable shareholder return policy [3]

Group 1: Wastewater Resource Utilization - The company focuses on wastewater resource utilization as a core business area, with significant breakthroughs in membrane technology and process innovation [2] - The fifth generation of MBR membrane modules has been developed, with the V-MBR technology achieving independent intellectual property rights and large-scale demonstration projects [2] - A representative project, the Meixi Lake Water Purification Plant, has a design capacity of 250,000 tons/day and was recognized as a national green low-carbon benchmark water plant in 2024 [2] Group 2: Industrial Water Treatment and Seawater Utilization - The company has successfully implemented multiple key projects in industrial water treatment, including projects in Liaoning and Shandong, showcasing its technical strength [3] - In seawater desalination, the company has achieved international leading levels in membrane product technology, with a desalination rate of 99.8% for the UF-RO dual membrane integration technology [3] - The integrated seawater utilization project in Huanghua City has a total investment of over 500 million RMB, combining water intake, pretreatment, desalination, and photovoltaic energy storage systems [3] Group 3: Salt Lake Resource Utilization - The company has made significant progress in salt lake resource utilization, developing six specialized adsorbents/membrane products and five integrated technologies [3] - The lithium extraction project at Zijin Mining's Tibet Arilagocuo Salt Lake has an annual capacity of 20,000 tons of lithium hydroxide, marking a global first for the "titanium-based adsorbent + membrane system" [3] - Future plans include expanding from salt lake resources to industrial valuable resource recovery and comprehensive utilization [3] Group 4: Pharmaceutical Membrane Business - The pharmaceutical membrane business was officially launched in 2023, focusing on life health separation and purification [4] - The company has formed a professional team of over 30 members and achieved breakthroughs in key areas such as protein separation and virus removal [4] - Notable applications include a CAR-T cell therapy project with nearly 100% recovery rate of lentivirus and a project that increased the concentration of traditional Chinese medicine exosomes by 20 times while maintaining 100% active ingredients [5] Group 5: Technology Iteration and Market Competitiveness - The company emphasizes technological innovation, achieving a 25% cost reduction in V-MBR equipment and a production speed increase to 20 meters/min for conventional reverse osmosis membranes [5] - The SC series ultra-pure water reverse osmosis membranes have achieved domestic substitution, enhancing international competitiveness [5] - Strategies to improve market share include large-scale production, benchmark project implementation, and promoting high-margin membrane products [5] Group 6: Accounts Receivable Management - The company is actively addressing accounts receivable issues through various measures, including tailored loss reduction plans and establishing a specialized collection team [5] - Efforts have been made to enhance internal management systems and involve local government debt resolution initiatives [5] - Future plans include optimizing collection strategies and improving internal controls to alleviate accounts receivable pressure [5]

| | √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 | □新闻发布会 □路演活动 | | 活动类别 | √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 中金公司 | 刘中玉、刘婧 | | 名 | | | 时间 2026 | 年 1 月 16 日 12：00 | | 地点 | 北京东土科技股份有限公司会议室 | | 上市公司接 | 董事长李平、董事会秘书潘俊、证券事务代表柯学礼 | | 待人员姓名 | | | | 本次调研为现场调研。公司代表带领研究员参观了公司展厅，介绍 | | | 了公司的基本情况，并与调研人员进行了互动问答，主要内容纪要 | | 如下： | | | | 问：公司在工业领域有何核心竞争力，如何参与未来工业智能化升 | | 级？ | | | 投资者关系 | 答：公司构建了从工业网络通信、工业操作系统、工业工具软件到 | | 活动主要内 | 智能控制器的完整技术链条；在网络侧，公司孵化了全球首颗 AUTBUS | | 容介绍 | | | | 总线芯片、国内首颗 TSN 交 ...

Industry Outlook - The company has a cautious outlook on the industry's recovery due to the current international trade environment and consumer sentiment, despite a slight improvement in orders for winter apparel in Q4 2025 [2] - The company remains optimistic about its long-term development prospects, focusing on enhancing brand influence and product competitiveness in the apparel accessories sector [2] Price Competition - The apparel accessories market is highly competitive, with price being one of several factors considered by mid-to-high-end brand clients, who prioritize product development capabilities, delivery times, and service quality [2] Raw Material Costs - Recent increases in metal raw material prices, such as copper, have impacted the company's costs; however, the company employs a cost-plus pricing model to manage these fluctuations [3] - The company is actively pursuing new materials and processes to meet customer demands [3] Customer Growth - Historical data indicates that growth primarily comes from existing customers, as establishing new brand partnerships typically requires years of effort [4] - The company aims to deepen relationships with current clients while also expanding its customer base to ensure stable long-term growth [4] Competitive Advantages - The company differentiates itself from competitors like YKK and Xunxing through its "product + service" approach, emphasizing quality products and comprehensive service [6] - It has developed strong competitive advantages in product diversity, fashionability, and innovation, which are increasingly demanded by downstream apparel brands [6] Overseas Operations - The company's overseas factories in Bangladesh and Vietnam are performing well, with the Vietnam facility showing significant growth since its launch in H1 2024 [7] - Future plans include enhancing global manufacturing capabilities through technological upgrades and strategic production layouts [7] Production and Manufacturing - The typical production cycle ranges from 3 to 15 days, influenced by capacity utilization and specific customer orders [8] - Smart manufacturing is a core strategy, with ongoing investments aimed at achieving global leadership in digital transformation and manufacturing efficiency [9] Financial Performance - The company reported a foreign exchange loss of CNY 22.86 million in the first three quarters of 2025, which is a minor impact on overall profits [10] - Sales expenses are expected to rise as the company continues its direct sales model and global expansion, although the sales expense ratio is anticipated to remain stable [11] Dividend Policy - The company adheres to a sustainable development philosophy, considering annual profits, future needs, and shareholder interests when formulating its profit distribution plan [12]

| ☑ | 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（请文字说明其他活动内容） 中金银海（香港）基金：雍心、郭佳怡 | | | 荣盛（香港）基金：何锐 | | | 中天汇鑫基金：崔建民 | | 活动参与人员 | 启林私募基金：耿长宇 | | | 企业观察网：冯洋洋 | | | 华海资本：董承明 | | 时间 2026 | 年 1 月 16 日 14:30-16:30 | | 地点 | 公司会议室 | | 上市公司接待人 | 副总经理、董事会秘书：王翔宇 | | 员姓名 | 副总经理、财务总监：耿佳辉 | | | 董秘办：孙兆学、刘静 一、公司情况介绍 | | | 坤泰股份（股票代码：001260）是一家专注于汽车软内饰材 | | | 料及产品研发、生产和销售的企业，于 年 月 日在深圳 2023 2 16 | | 投资者关系活动 | 证券交易所挂牌上市。公司核心业务涵盖汽车软内饰的全产业 | | 主要内容介绍 | 链，主营业务为汽车软内饰材料及产品的研发、 ...

4、面对铜等原材料价格上涨，在成本控制方面采取了哪些有效措施？ 公司始终秉承稳健经营理念，坚持精细化运营管理，提升运营效率和管理效能。公司 建立完善的供应链管理系统，与主要供应商通过合作共赢的模式，加强对供应链的管控， 不断提升企业盈利能力。公司将密切关注全球新能源经济形势及行业政策，继续落实降本 增效策略，结合自身技术优势提高成本效益。 投资者关系活动记录表 编号：2026-001 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（请备注） 参与单位 名称及人 员姓名 景顺长城；泰康资产；鹏华基金；南方基金；国联民生证券等 时间 2026年1月19日 地点 线上交流 上市公司 接待人员 姓名 董事会秘书姚兴存、投资者关系经理杨逍 投资者关 系活动主 要内容介 绍 1、公司主要业务线发展情况。 作为领先的可再生能源领域智能化配电设备提供商，公司主要从事应用于可再生能源 （含风能、光伏、储能）、新型基础设施（含数据中心、智能电网）等领域的输配电及控 制设备的研发、生产和销售，以智能变压器、箱式变电站、智能成套开关设备为核心产 ...

Group 1: Production Capacity and Market Demand - The current production capacity for aramid fibers is 16,000 tons each for meta-aramid and para-aramid [2] - Global demand for aramid paper is approximately 10,000 tons, with supply significantly exceeding this demand [3] - The market for aramid paper has a high barrier to entry due to technical challenges and supply chain constraints [3] Group 2: Profit Margins and Industry Trends - The profit margins for both types of aramid fibers have seen a slight decline this year [2] - The global supply of aramid fibers is around 150,000 to 160,000 tons combined [2] - The company plans to first increase the utilization rate of existing capacity before considering further expansion [3] Group 3: Applications and Market Segmentation - Approximately 80% of aramid paper is used for insulation applications [3] - The use of aramid materials in new energy and commercial aerospace is currently low but has potential for growth [4] - The company is exploring applications for smart fibers in various sectors, including automotive interiors and wearable technology [5] Group 4: Challenges and Innovations - The company is facing challenges in the production of spandex, which is currently operating at a loss [4] - Innovations in green dyeing technology aim to reduce wastewater and CO2 emissions during the dyeing process [4] - The development of thermal conductive films (POD films) is being pursued, with potential applications in mobile devices [5]

Company Overview - Established in 2003, the company specializes in the research, production, and sales of differentiated, functional biaxially stretched polyester film materials [2] - Main products include color optical base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - Future focus on expanding product series and application fields, particularly in high-performance carbon fiber projects for sustainable development [2] Carbon Fiber Product Insights - Target customers for carbon fiber products are high-end enterprises in aerospace, high-end equipment manufacturing, and high-end industrial applications [3] - The company will actively engage with potential clients and advance product sampling and performance validation to facilitate cooperation [3] Certification and Market Strategy - The certification process for carbon fiber products will be flexible, aligning with industry norms and specific client needs [3] - Plans to leverage external collaborations and industry integration to shorten certification cycles and accelerate market entry [3] Team Incentives - The company has established a diverse incentive system for the carbon fiber technology team, covering both short-term and long-term dimensions [4] - Incentive plans will be dynamically adjusted based on performance targets to maximize innovation and project advancement [4]

证券代码：002028.SZ 证券简称：思源电气 思源电气股份有限公司投资者关系活动记录表 编号：2026-001 | 投资者关系活 | ☑特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 动类别 | □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） | | | 高盛、淡水泉投资、安本投资、Eastspring Investments、BNP Paribas Asset | | 参与单位名称 | Management、东方证券自营、禾其投资、中投公司、Kadensa Capital、Capital | | 及人员姓名 | Group、VG Investment、Ariose Capital、Marshall Wace、摩根士丹利投资 | | | 管理、Schonfeld Strategic Advisors、Ishana Capital、East Capital | | 时间 | 2026 年 1 月 16 日 15:30-16:30 | | 地点 | 公司会议室 | | 上市公司接待 | 董事会秘书兼财务总监 杨哲嵘先生 | | 人员 ...