Group 1: Company Strategy and Market Adaptation - The company is expanding into the new energy vehicle sector while leveraging existing business strengths to enhance its core components and diversify into non-automotive fields [1] - Direct exports to the U.S. account for a low percentage of overall revenue, indicating minimal impact from U.S. tariffs [1] - The company is focusing on a "horizontal and vertical" expansion strategy to adapt to the automotive industry's shift towards electrification [2] Group 2: Financial Performance and Investments - Investment income from joint ventures and associates decreased by 120 million, attributed to the overall automotive market environment and strategic investments in new businesses [2] - The company has maintained a high cash dividend policy, distributing a total of 12.273 billion in cash dividends since its listing in 1995 [5] Group 3: Partnerships and Collaborations - The company has a long-standing partnership with Bosch, established in 1984, and recently signed a new strategic cooperation agreement focusing on automotive intelligence and hydrogen energy [3] - The company indirectly supplies core components to Xiaomi through its stake in a joint venture, indicating ongoing collaboration in the automotive sector [6] Group 4: Shareholder Engagement and Communication - The company has committed to optimizing its information dissemination methods in response to the evolving media landscape [1] - Bosch has increased its stake in the company, holding approximately 14.97% of shares, countering any rumors of share reduction [4]

Group 1: Company Overview - The company focuses on "digital culture + communication information" as its main business areas, engaging in mobile game development, publishing, and IP operations, while also integrating technologies like AI, VR, and AR into its gaming business [2][3] - The company is a key consulting entity for the "Digital Fujian" information technology design, preparing for business transformation towards multi-field digital empowerment services [3] Group 2: Core Game Product Performance - The self-developed core product "Ragnarok RO: New Generation" has been successfully launched in regions including Hong Kong, Macau, Taiwan, and Southeast Asia, achieving a total revenue of over 750 million CNY in 2024 [4] - The product was also launched in mainland China and Japan in September and November 2024, respectively, with stable performance in these new markets [4] Group 3: Competitive Advantages - The company emphasizes a "premium games + well-known IP" strategy, with a portfolio of successful IPs including "Ragnarok RO," "Gu Jian Qi Tan 3," and "Qin Shi Ming Yue" [5] - The company has extensive experience in game IP operation and development, successfully launching multiple games both domestically and internationally [5] Group 4: Technological Integration - The company is integrating AIGC technology into its game development processes, focusing on cost reduction and efficiency improvements in art resource generation and code optimization [6] - An AI-driven pet feature is being developed for "Ragnarok RO: New Generation," showcasing the company's commitment to innovation in gameplay [6] Group 5: Future Strategies - In 2025, the company plans to enhance its game product offerings, focusing on existing markets for "Ragnarok" series and "Qin Shi Ming Yue," while exploring new IP collaboration opportunities [9] - The company aims to independently manage the overseas distribution of "Ragnarok RO: New Generation" and is preparing to launch a mini-game based on "Qin Shi Ming Yue" [9] Group 6: Financial Performance - In Q1 2025, the company reported a revenue of 83.42 million CNY, representing a year-on-year growth of 63.66%, and a net profit of 10.10 million CNY, up 171.97% compared to the previous year [11]

Group 1: Market Insights - The market for coal mine explosion-proof switches is influenced by mining conditions and the profitability of coal enterprises, with opportunities and challenges coexisting [1] - The demand for intelligent mining solutions is increasing, leading to higher requirements for the intelligence and system integration of explosion-proof switches [1] Group 2: Financial Performance - In Q1 2025, the net profit attributable to shareholders was 20.63 million yuan, with a net profit of 19.98 million yuan after deducting non-recurring gains and losses [2] - The revenue from computing power services in 2024 exceeded 30 million yuan, accounting for approximately 2% of the company's total revenue [2] Group 3: Future Business Development - The company plans to increase investment in computing power services, which will become a new growth point as demand for AI technology in coal mining rises [2] - The manufacturing sector will focus on both mining and factory explosion-proof electrical equipment, leveraging existing advantages in system integration [2][3] Group 4: Industry Outlook - The demand for explosion-proof electrical equipment in industries such as oil, chemicals, mining, and natural gas is expected to grow steadily [3] - Companies with technological innovation capabilities and comprehensive system solutions will have greater development opportunities in the upcoming industry upgrade [3]

Group 1: Cost Control and Profitability - The company is accelerating the digitalization and intelligence of production and management to improve efficiency and product quality [1] - Increased investment in manufacturing digital upgrades and projects has raised operational costs, impacting gross and net profit margins [2] - Continuous promotion of technology and process cost reduction to enhance profitability [2] Group 2: Energy Storage Business Expansion - The company has operationalized two independent energy storage power stations with a total capacity of 200MW/400MWh [2] - Future projects include additional energy storage stations in Guangdong (200MW/400MWh), Hainan (50MW/100MWh), and multiple projects in Zhejiang [2] - The company aims to leverage its technological and operational advantages to accelerate project construction and operation [2] Group 3: International Market Development - Direct export sales of passenger car gearboxes have increased by 1071.31% year-on-year, indicating significant progress in international market expansion [3] - The establishment of an international business division to further develop overseas markets and increase sales revenue [3] Group 4: Research and Development Focus - The company is focusing on the development of automatic and electric drive products for commercial vehicles, enhancing its product offerings [4] - The company has established a team for the industrialization of robotic reducer products, aiming to improve market share [3] Group 5: Future Growth Strategies - The company plans to expand its passenger vehicle gearbox business internationally and enhance its product line for electric vehicles [5] - Development of new energy storage projects and improvement of operational efficiency for existing energy storage stations are key future strategies [5] - The company is also focusing on the development of non-road transmission systems and robotic reducer products to create new growth points [5]

Financial Performance - The company's net profit attributable to shareholders for 2024 was a loss of 242 million yuan, which represents a 52.35% reduction in losses compared to the previous year [2] - The revenue from the concrete business accounted for 78% of the company's total revenue in 2024 [5] Market Impact - The establishment of the Hainan Free Trade Port in 2025 is expected to enhance market activity, leading to increased demand for concrete products, which will benefit the company's main business [3][7] - The overall market for concrete in Hainan is anticipated to grow due to the active participation of various market entities and an expansion in investment scale and areas [3][7] Strategic Development - The company plans to enhance market development efforts and improve operational efficiency to stabilize its core business [4] - There will be a focus on expanding the concrete market in Hainan, increasing R&D investment, and optimizing the asset and product structure in the building materials sector [6][7] - The company aims to innovate business models in the municipal sanitation sector and strengthen cooperation with state-owned platforms to maintain and expand market share [6][7] Industry Comparison - Compared to similar companies, such as Western Construction, which experienced an 11.01% decline in revenue and a 140.71% drop in net profit in 2024, the company is positioned to leverage its market share effectively [5]

编号：2025-01 | 投资者关系 | 特定对象调研 分析师会议 □媒体采访 | | --- | --- | | 活动类别 | ■业绩说明会 □路演活动 新闻发布会 | | | 现场参观 其他 | | 参与单位 （排名不分先后） | 线上参与 2024 年度网上业绩说明会的社会公众投资者 | | 时 间 2025 | 年 5 月 7 日 15:00-17:00 | | 地 点 | 价值在线（www.ir-online.cn）（网络文字互动方式） | | 上市公司接待 | 董事长、总经理：张锡亮 | | 人员姓名 | 副总经理、董事会秘书兼财务总监：张一峰 独立董事：陈贇 | | | 1.请问：（1）去年业绩较同期变化不大，今年一季度出现亏损，原 | | | 因何在？（2）可转债最后一年多，是否有信心实现全部转股？（3）国外 | | | 业务占比超四成，贸易战有何影响？如何应对？顺便介绍一下对美业务 | | | 情况？ | | | 答:您好！今年第一季度出现亏损的原因在于模具业务因海外客户相 | | | 关项目的延期而导致第一季度交付的较少，进而影响到了当期业绩。模具 | | 投资者关系活动主 | ...

Financial Performance - The company achieved a net profit of 27,923.92 million yuan for the year 2024, with a weighted average return on equity of 5.77% [4] - Basic and diluted earnings per share were both 0.678 yuan per share, with total comprehensive income amounting to 33,417.27 million yuan [4] Inventory and Impairment - The company recorded significant inventory impairment, particularly in dispatched goods, due to increased long inventory age and the complexity of delivery acceptance procedures in the equipment manufacturing industry [2][3] - The impairment provision for inventory was calculated based on the higher of estimated selling price and age-based provisions, reflecting a cautious approach [2] Market Demand and Orders - In the first quarter, the company's revenue increased by 6.03% year-on-year, indicating a gradual recovery in order volume as overall industry demand improves [5] - The company anticipates a rebound in production output following a recovery in market demand [3] Research and Development - R&D expenditure decreased by 14.32% compared to the previous year due to external uncertainties, but the company plans to increase R&D investment in 2025 to enhance product competitiveness [7][9] - The company is focusing on upgrading tantalum capacitor series products and expanding its capabilities in microcircuit modules and semiconductor industries [9][11] Business Strategy and Growth - The company aims to leverage its technological expertise and industry chain integration to enhance its market competitiveness and expand its product offerings [6][10] - Module products now account for over 20% of total revenue, reflecting a strategic shift towards diversified product lines [6] Future Outlook - The high-reliability electronics industry is expected to see a recovery in demand as part of the "14th Five-Year Plan," with the company positioning itself to capitalize on this trend [10] - The company emphasizes the importance of sustainable development and effective communication with investors to enhance long-term value [10][11]

Group 1: Financial Performance - The company's Q1 2025 revenue was 24,158.93 million CNY, a decrease of 16.04% compared to 20,283.21 million CNY in the previous year [2] - The net profit attributable to shareholders for Q1 2025 was 4,180.08 million CNY, down 35.48% from 6,478.89 million CNY in the previous year [2] - The gross margin for Q1 2025 was 32.22%, showing a decline from 36.79% in Q1 2024 and 32.5% in Q4 2024, indicating a relatively stable performance despite the decrease [3] Group 2: Business Segments and Growth Potential - The traditional cleaning business remains under pressure, with no significant recovery observed in Q1 2025 [2] - The company is focusing on expanding its cleaning system business, particularly in overseas markets, which present significant growth opportunities [4] - The ADAS active perception cleaning system is expected to provide substantial market value growth compared to traditional cleaning systems [4] Group 3: Robotics and Motor Products - The company is actively engaging with overseas clients in the humanoid robot sector and plans to accelerate domestic customer expansion [5] - The development of seat motors, including adjustment and massage functions, is progressing well, driven by consumer demand for comfort and quality [6] - The tailgate motor segment has seen rapid growth, with revenue primarily driven by increased penetration among major clients and the acquisition of new customers [6] Group 4: Future Development Plans - The company aims to deepen its focus on vehicle motors and cleaning systems, with plans to expand into new motor categories and fluid products [6] - There is a strategic emphasis on developing high-torque brushless motors and various electric motors for automotive applications, laying a solid technical foundation for future growth [6]

Group 1: Impact of External Factors - The geopolitical factors, such as the Biosecurity Act, influence clients' strategies, leading them to seek multiple suppliers to manage supply chain risks [1] - Current tariff policies have limited impact on the company, as less than 5% of its revenue comes from direct exports to the U.S., and products fall within the tariff exemption range [2] Group 2: Financial Performance - The company's overall gross margin fluctuates mainly due to domestic market conditions and losses in new business, while overseas market and core business margins remain stable [3] - In Q1 2025, the new molecular business generated approximately CNY 14.19 million in revenue, reflecting a year-on-year growth of about 353% [7] Group 3: Production Capacity and Orders - The company has expanded its production and R&D capabilities through acquisitions and the establishment of new centers, including factories in Hubei and Shanghai [4] - The order conversion cycle typically ranges from 6 to 18 months, with some orders taking 2 to 3 years to convert into revenue [6] Group 4: Future Investments - The capital expenditure for 2025 will focus on overseas expansion, new molecular technology development, and upgrading existing small molecule production capacity [8]

证券代码：300617 证券简称：安靠智电 江苏安靠智电股份有限公司 2024 年度业绩说明会投资者活动记录表 编号：2025-001 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： （请文字说明其他活动内容） 参与单位名称 及人员姓名 安靠智电2024年度业绩说明会采用网络互动方式进行，面向全体投 资者。 时间 2025 年 5 月 6 日 15:00-17:00 地点 价值在线（www.ir-online.cn）网络互动 公司接待人员 姓名 董事长兼总经理：陈晓凌先生 财务总监：蒋浩先生 董事会秘书：贾云先生 独立董事：刘鹏先生 投资者关系活 动主要内容 介绍 一、从分季度财务指标来看，第四季度营业收入和净利润占比较高， 这是季节性因素导致的还是有其他特殊原因？ 答:尊敬的投资者您好，感谢您的关注！公司第四季度营业收入和净 利润占比较高，主要原因是公司主要产品销售和相关系统服务业务 呈现一定的季节性，国家电网、南方电网及五大发电集团等主要客 户一般在年初进行采购和招标，公司在第四季度确认相关收入较 多。 二、您好，公司未来研发投 ...