视频音频文字记录内容等信息感谢您的理解与配合中泰证券对违反上述要求的行为保留追究法律责任的权利市场有风险投资需谨慎本会议信息仅供参考不代表任何投资建议本公司不对任何人因使用本会议中的信息所引致的任何损失负担 非常感谢大家在下午的时间来参加我们中派电子组织的通俗微电的一个近况交流然后我是行业联系的手术分析师杨旭我们也看到通俗的话它也是发布了自己的一个业绩预告然后整个数据的话也非常的亮眼公司也是我们团队一直在重点的跟踪而且持续向市场去推荐的非常优质的丰富的标的 那我们今天的这个电话会议呢我们也是有请到了蒋总来参会那我们本次的会议的话我们就分成两个部分首先那我们请蒋总就这个公司的这个业绩预告的情况呢再跟各位投资者做一个沟通然后也更新一下最近的一个情况那第二个部分呢我们就开放这个提问的环节就看一下大家有什么问题的话我们就跟蒋总这边做一个交流那下面的话我们先有请公司的这个董秘蒋总 好的各位投资者下午好也非常感谢中泰证券这样一个平台这样一个渠道今天下午来跟各位简单来说明一下我们这次业绩预告的情况其实坦率的讲业绩预告这个事要披露实际上我觉得 一个对公司关注度比较高的第二个如果说是对规则也比较懂的我想投资者应该心里都有数实际 ...

Summary of the Conference Call on China Ping An Company Overview - **Company**: China Ping An - **Founded**: 1988 in Shekou, China - **Years in Operation**: 36 years - **Global Ranking**: Ranked 33rd in the Fortune Global 500 in 2023 [7] Key Financial Metrics - **Total Assets**: Approximately 12 trillion CNY, the largest among global insurance groups [6] - **Annual Compound Growth Rate of Total Assets**: 23.8% since 2004 [7] - **Annual Compound Growth Rate of Dividends**: 11.3% [7] - **Tax Contribution**: Over 100 billion CNY in 2023, with a compound growth rate of 21.9% [7] - **Operating Profit Growth Rate**: 7.1% [7] Business Segments - **Insurance**: - Second largest life insurance company in China, following China Life [10] - Second largest property insurance company, following PICC [10] - First specialized pension institution in China [10] - First batch of specialized health insurance companies in the industry [10] - **Banking**: - Ping An Bank ranks among the top three in retail banking metrics such as credit card issuance and consumption balance [11] - **Asset Management**: Includes asset management, trust, securities, and funds [10] Industry Context - **Aging Population**: China is expected to enter a deep aging society by 2035, with over 30% of the population being elderly [12] - **Pension System**: The personal pension system is currently underdeveloped, with only 2% market penetration, indicating significant growth potential [17] Strategic Focus - **Healthcare and Pension Services**: The company is actively expanding its services in healthcare and pension management, which are seen as key growth areas [12][25] - **Digital Transformation**: Emphasis on improving operational efficiency and customer service through digital technologies [26][28] New Business Value Contribution - **Healthcare and Pension Contribution**: In 2023, 37% of new business value came from healthcare services and 36% from pension services, a significant increase from single-digit contributions three years ago [24] Investment Opportunities - **Personal Pension Growth**: The potential for growth in the personal pension market is substantial, with projections of an increase from 106 billion CNY to approximately 2.9 trillion CNY by 2032 [19] Challenges - **Investment Yield Decline**: The investment yield for insurance companies has decreased from 7% to 2.52% in recent years, indicating pressure on the asset side [22] Conclusion - **Vision**: China Ping An aims to become a leading international provider of integrated financial and healthcare services, creating sustainable value for customers, employees, and shareholders [14]

各位投资者大家下午好欢迎大家来参加我们国胜医药团队组织的每年一度的三百家医药上市公司的策略会今年是云端号我是国胜医药研究员张晶阳我们办策略会的初衷就是在近期医药比较低迷的时候 我们也判断可能Q3可能会迎来一定的这样一个转机我们在这个时间点会系统性的邀请这些行业内比较好的这样的公司跟大家在线上做一个交流一起寻求这种投资机会今天我们也很荣幸的请到了华东医药的董秘陈总跟大家做线上的交流 因为夸东咱们都很熟了咱们就不做前面的介绍了这段时间咱们直接进入到互动问答的环节咱们领导也在线下面我就把时间交给我们的宋哥宋博士他也收集了一些共青的问题可能先请教一下孙总大家如果有问题的话请按新一键举手提问我们在后台看到了大家提问之后 这个会给大家打开提问的好吧那宋伯大师先交给你 好的 感谢秦阳总陈总好 各位投资者好我是国生医药的宋哥那我这边呢确实就是大家对于华东一直以来也是非常的关注那也提了很多公信的问题那我在这边就先就两个提问的比较多的问题先请教一下陈总首先就是我们看到前两天呢华东也是刚刚达成了一项合作就是和这个澳东生物引入了他们这个改良型的新药伊达拉凤的口服制剂 那想要请陈总帮我们分析一下澳洲的这个品种它相比于现在临床上已经在使 ...

Summary of the Conference Call for Northern International Company Overview - Northern International is a state-controlled company under the Armament Group, with over 20 years of experience as a publicly listed entity. The company has historically focused on international engineering business but is currently undergoing a transformation and upgrade, which is beginning to yield results in 2022 and 2023 [2][10]. Key Projects and Developments Mongolia Project - The Mongolia project involves a comprehensive arrangement from mining to transportation, customs clearance, and domestic sales. This project has been operational since 2019 or 2018 and has started generating significant revenue post-pandemic [2][3]. - A three-year mining agreement with TT Mine was renewed in June 2023, with a total value of $640 million. Northern International's wholly-owned subsidiary, Beishan Company, is responsible for providing mining services under this agreement [3][19]. - The trade segment, primarily focused on coking coal, has shown growth compared to the previous year, with expectations for continued growth in 2024 [12][14]. Croatia Wind Power Project - The wind power project in Croatia was completed in 2022 and has been generating considerable revenue. The project is currently stable, although it is affected by fluctuations in wind and electricity prices. The average electricity price is expected to be around €0.10 per kWh for the year [7][31]. Laos and Bangladesh Projects - The Laos South Pai Hydropower Station has been operating smoothly since its completion in 2017. The Bangladesh coal-fired power plant project, with a total investment of $2.5 billion, is expected to complete its EPC construction in 2024 and enter the operational phase [8][9]. EPC Business Expansion - The international engineering business is expanding positively, with new contracts signed in Uzbekistan and Southeast Asia, including photovoltaic projects and transmission stations [9][10]. Financial Performance - The integrated business model in Mongolia generated over ¥7 billion in revenue last year, accounting for one-third of the company's total revenue and over half of its profits [6][10]. - The trading volume for the first half of 2024 is projected to reach 2 to 3 million tons, with expectations for steady growth in future years [16][18]. Market and Political Environment - The company views its relationship with Mongolia as stable and beneficial for long-term strategic development, despite the country's internal political fluctuations. The cooperation with China is seen as crucial for Mongolia's economic development [28][30]. Future Outlook - Northern International aims to continue expanding its international engineering and investment operations, focusing on renewable energy and resource acquisition. The company is exploring various business models for resource acquisition, including service agreements and joint ventures [48][57]. - The company is also looking to enhance its asset securitization rate and improve its financial performance metrics, with expectations for double-digit growth in profits [60][63]. Additional Insights - The company emphasizes its unique position as the only publicly listed entity under the Armament Group, which provides it with significant advantages in international markets [47][51]. - The management is optimistic about the future, citing a strong pipeline of projects and a commitment to sustainable growth in the renewable energy sector [39][40].

本会议为光大证券专业机构投资者设计任何情形下会议内容不构成对任何人的投资建议 参会者应当充分了解各类投资风险根据自身情况自主做出投资决策并自行承担投资风险嘉宾发言内容仅代表嘉宾的个人观点和立场研究人员发言内容来自于以外发报告或对研报的跟踪解读观点仅代表报告发布当日的判断本会议内容的知识产权仅归光大证券所有 北京书面许可任何机构和客人不得以任何形式任何目的进行转发翻版复制刷补或沿用会议全部或部分内容亦不得擅自录音制作会议机要对外传播各位投资者朋友大家晚上好我是光大证券计算机分析师闫燕宁今天是我们光大科技 光大证券科技龙头系列电话会的第六期打梦数据首先呢先给各位领导更新一下近期打梦数据的一个调研更新 首先从核心技术来看,达梦数据它真正的核心优势其实它这几十年来都坚持了一个自主原创的技术路线,那这个优点呢就是确保一个信息安全。目前来看,公司的整个数据生态产品是已经完成了。 关系型非关系型的基本都有,而且是百分之百自主研发。那也因为这个自主原创的技术路线,所以公司整体的人才是比较稳定的,流失率是比较少的。那第二个从。 目前的一个国产化进程从目前来看现在行业新创已经是一个常态化的过程了那党政的话在去年的一到两年是一个下 ...

本次电话会已经面向浙商证券研究所签约的机构投资者以及受邀客户第三方嘉宾发言内容仅代表其个人观点所有信息或所表述的意见均不构成对具体证券在具体价位具体时点具体市场表现的判断或投资建议二嘉宾所说信息或所表述的意见均不构成浙商证券研究所研究 好的 大家上午好我是浙商证券研究所的联席所长邱世良今天我们很荣幸的请到了航洋股份的董事长 总经理还有我们的董秘葛总就是我们董事长郑总还有总经理韩总还有我们的董秘葛总今天来给大家做一个交流我们知道两年前我们也有一个大概两年前的对话的董事长因为时间也过去了两年了 那么我们想看看的最近就是说因为两年过去了包括管理层包括现在的行业环境包括现在的一些竞争格局也发生了很大的一个变化我们来就新的一些最新的一些新的领导班子包括对未来的战略经营策略 以及包括业务策略经营策略等等给大家做一个交流当然了最后也会就一些中短期的一些问题我们时间大概就一个小时那么郑董事长韩总经理还有我们的葛总感谢你们的宝贵时间谢谢谢谢好 那么我们团队还有机械军工首席王华健老师还有我们的自分分析师张阳老师也同时参与今天的主持交流那么时间我们就直接开始第一个我们就请我们的董事长在内的高管请教一个问题 我们航洋目前来看是这个行 ...

任何机构或个人严禁录音、转发及相关截图涉嫌违反上述情形的我们将保留追究相关方法律责任的权利尊敬的各位投资者早上好我是国生医药的徐雨涵今天非常荣幸邀请到了着眼金药的罗总跟大家在线上做一个交流那么本次交流也是作为咱们 这个300加1要上市公司云端剑这样一个线上策略会活动的一部分那么非常感谢罗总今天的时间要不先请您跟大家简单的介绍一下公司近期的一些情况特别是也看到发了这个业绩预告能不能请您跟大家再具体分享一下近期行业上公司上的一些变化谢谢不知道大家可以听到我说话吗 可以的可以的很清晰好的好的感谢国胜医药的邀请也感谢各位投资人公司呢因为大家也都知道在整个这个医药行业投融资环境的这种压力下那么公司呢也是整个行业包括公司都承受了这样的一个整个业务量 从整个需求吧整个行业的需求在向下的这么一个压力尤其是去年压力的情况会比较大对公司的业绩的影响也比较大但是到了今年从我们的业务量的情况来看应该说得到了恢复也有一些稳步的增长 当然了因为由于我们的这个价格是延续的就是确认的这个收入是用的是之前六到九个月之前的这样的这个订单的这个价格而那个时候呢应该还是在行业下行行业价格在下行的这么一个阶段所以在收入上面还是承受了压力但是利润呢由于 ...

大家好 欢迎参加声望宏远电子苹果AI系列电话会G6目前所有参会者均处在静音状态现在开始播放我们的声明声明播完播后 主持人可直接开始发言 请参会人员务必注意本次电话会议交流内容仅限参会人员内部参考任何机构或个人不得以任何形式对电话会议任何内容进行泄露或外发请勿以任何方式索要、泄露、散布、转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为声望洪源研究保留追究泄露转发者法律责任的权利 那尊敬各位投资人大家晚上好啊那我们也是延续这次苹果推荐的这个产业链然后这次的话也是给大家去重点汇报一个个股那么我们觉得东山的话整个的一个发展历程我们还是比较熟悉的那另外的话我们觉得目前来看东山呢在国内上面并且它的核心地位一直在提升然后策略的话也是非常的清楚 那还是有一定程度的这样的一个预期差所以我们这次的话也是这个邀请大家来一起去了解一下这个东山那因为它的业务板块呢看起来会相对比较多简单给大家汇报一下这个历史的一个沿革那其实每个主业的话呢在特定条件之下其实都是属于非常朝阳的这样的一个行业那某些板块现在可能是承担了一个这个盈利的一个主角那某些板块的话就相对来说波动性会更大一些 主要是这样的一个历史言格东山精密的这个名字的由来是 ...

Summary of Conference Call Company and Industry - The conference call pertains to **Shanxi Coal International Energy Group** and the **coal industry** in China. Key Points and Arguments Production and Sales Performance - In Q1 2024, the company's raw coal production was **7.5 million tons**, which was relatively low due to national policies and safety inspections affecting production in April and May [1][2] - By June 2024, production returned to normal levels after the completion of safety inspections [1] - Q1 sales were approximately **5.4 million tons**, with a low sales rate due to low coal prices at the end of Q1, leading to inventory accumulation [2] - Q2 sales improved compared to Q1, indicating a recovery in sales performance [2] Pricing Trends - The average selling price of metallurgical coal in Q2 was slightly lower than in Q1, while the price of thermal coal was slightly higher [3] - Overall, the average selling price remained stable between Q1 and Q2 [3] Inventory Levels - At the end of Q1, inventory levels were estimated to be between **500,000 to 1 million tons** [4] - Q2 sales data indicated that inventory levels would not be as high due to improved sales [4] Cost Structure - The comprehensive cost of coal in Q1 was **448 RMB per ton**, a slight increase of **0.38%** year-on-year, with self-produced coal costing **308 RMB per ton** [9] - Costs remained stable in Q2 compared to Q1, despite a decrease in production leading to some cost increases [9] Annual Production and Sales Forecast - The company has set a conservative annual production target of **31 million tons**, with an effort to reach between **32 to 33 million tons** [13] - Sales are expected to be lower than last year, with estimates around **28 to 29 million tons** [13] - Overall performance is anticipated to be below last year's levels due to both price and volume factors [13] Regulatory and Safety Policies - The "Three Excess" policy in Shanxi limits production to **110%** of capacity, impacting both annual and monthly production levels [6][7] - The company has adjusted its production plans to align with these regulatory constraints [7] Market Conditions and Price Outlook - The coal market is expected to remain stable, with prices fluctuating between **800 to 900 RMB per ton** in the second half of the year, depending on economic recovery and demand [40][41] - Current economic indicators suggest a lack of strong recovery in demand, particularly in downstream sectors like real estate [41][42] Technological and Strategic Developments - The company is undergoing a phased **intelligent transformation** of its mining operations, with some projects expected to complete by 2025 [27][28] - There are ongoing efforts to secure new resources through competitive bidding, although the market is highly competitive [31][32] Conclusion - The overall sentiment from the call indicates cautious optimism about recovery in production and sales, but significant challenges remain due to regulatory constraints and market conditions. The company is focused on stabilizing costs and exploring new resource opportunities while navigating a complex regulatory environment.

本场是川宁生物的交流川宁生物也是我们国生证券持续的深度跟踪一直在强烈推荐的标的然后自从上市以来业绩也是屡次的大超市场预期公司也是发了今年的中报的业绩告Q2环顶Q1还是持续增长业绩也非常的亮眼 今天我们很荣幸的请到了川宁生物的董益顾总来跟大家交流那么首先还是先把时间交给顾总请顾总给我们稍微介绍一下公司的整体的情况包括上半年的情况全年的展望还有后续的合成生物学和AI的一些布局然后后续我们再接入投资者的问答顾总好的感谢胡总 尊敬的各位投资人大家上午好我是川宁的董事会秘书顾祥首先很感谢各位对川宁生物一直以来的关注和抬爱也很感谢国生证券各位领导为我们搭建了这样一个交流的机会接下来我先就川宁近期的一个情况向各位投资人做一个简要的汇报从今年的一季度和半年度的整体情况来看公司都取得了相对不错的一个经营成绩 取得这么好的成绩主要还是得益于两个方面第一个方面就是我们公告中反复再跟大家说明的第一个是是主要得益于市场需求的一个恢复公司的主要的产品的价格和销量上都出现了一个上涨的情况第二方面就是在上市以来公司在工艺技术这边是在不断提升通过上烫皮生产波动和这个节能降耗以及 这个工艺技术提升这几个方面公司的各个产品的单位成本也都在持续的在 ...