Financial Performance - In 2024, the company achieved a revenue of 15.25 billion yuan, representing a year-on-year growth of 26.42% [2] - The net profit for 2024 was 2.25 billion yuan, with a year-on-year increase of 25.11% [2] - The net profit after deducting non-recurring items was 1.84 billion yuan, showing a growth of 37.57% year-on-year [2] - In Q1 2025, the company reported a revenue of 3.68 billion yuan, reflecting a year-on-year growth of 17.66% [2] - The net profit after deducting non-recurring items for Q1 2025 was 47.19 million yuan, with a year-on-year increase of 6.86% [2] Profitability Metrics - The comprehensive gross margin for 2024 was 31.43% [4] - In Q1 2025, the comprehensive gross margin improved to 31.69% [4] - The company aims for a stable and improving gross margin as a key financial target [4] Dividend Policy - The company has consistently implemented cash dividends for five consecutive years, totaling 332 million yuan [5] - The proposed profit distribution for 2024 is 2.85 yuan per 10 shares, amounting to approximately 68.46 million yuan, which represents about 30.41% of the net profit for the period [5] Strategic Initiatives - The "1+1+1" strategy integrates transmission systems, micro-motor systems, and electronic control systems to enhance competitive capabilities [7] - The company aims to transition from a single component supplier to a comprehensive service provider offering integrated and customized high-performance solutions [7] - Future growth will focus on expanding market share through deepening existing customer relationships and accelerating the commercialization of core products [8] Operational Plans - The operational plan includes six key areas: 1. Expanding market share through brand building and customer penetration 2. Accelerating the commercialization of agile products 3. Increasing investment in AI-driven digital innovation 4. Optimizing production capacity to seize global growth opportunities 5. Expanding global presence and accelerating internationalization 6. Strengthening talent reserves through a global talent strategy [9][10]

Group 1: Financial Performance - In 2024, the company achieved a revenue of ¥321,384,761.02, representing a year-on-year growth of 16.56% [5] - The net profit for 2024 was ¥55,135,947.14, with a year-on-year increase of 4.57% [5] - Total assets at the end of the period reached ¥523,469,947.60, an increase of 8.56% from the beginning of the year [5] Group 2: Product Structure and Revenue - Revenue from new energy vehicle components was ¥132,133,586.14, with a gross margin of 28.17% [5] - Revenue from general automotive components was ¥70,799,194.52, with a gross margin of 30.98% [5] - Revenue from traditional fuel vehicle components was ¥74,371,530.32, with a gross margin of 33.82% [5] Group 3: Future Growth and Investment Plans - The company plans to increase R&D investment and optimize product structure to maintain growth in 2025 [7] - New production equipment is being tested, with operations expected to commence in 2025, enhancing production capacity [6] - The company aims to expand its market presence and improve operational efficiency to ensure stable net profit growth [7] Group 4: Shareholder Value and Dividend Plans - The company emphasizes investor returns and plans to propose a cash dividend of ¥4.00 per 10 shares (tax included) and a bonus share issue of 2 shares for every 10 shares [7] - The profit distribution plan is subject to approval at the 2024 annual shareholders' meeting [7] Group 5: International Expansion - The company is establishing a joint venture in Slovenia with MARK Metallwarenfabrik GmbH, with a registered capital of €20,000 and a total investment not exceeding €10 million [8] - This investment aims to enhance the company's competitive edge and meet global customer demands through localized production and sales [8]

Group 1: Company Performance - In Q1 2025, the company's sales revenue and sales volume increased month-on-month, but year-on-year performance declined due to a high profit base from the previous year and reduced downstream production [4] - The company operates in a cyclical industry, currently at the bottom of the cycle, with market prices stabilizing at low levels, indicating limited further decline potential [4] Group 2: Equity and Consolidation - The company acquired a 7.5% stake in Yingtemei, resulting in a total ownership of 37.5% and becoming its controlling shareholder; however, Yingtemei will not be included in the consolidated financial statements for Q1 2025 [5] Group 3: Project Development - Yingtemei has approximately 7 projects in reserve, with the second phase focusing on domestic substitution in the electronic materials sector, and preliminary evaluations for project construction are underway [6] Group 4: Production Capacity and Product Information - The main products are DBM and SBM, with a combined capacity of about 10,000 tons; SBM is a high-end product used in food, pharmaceuticals, and toys, while DBM is used in industrial applications [7] - The company is facing challenges due to insufficient downstream demand and intensified market competition, leading to declining product prices [7] Group 5: Future Development Plans - The company aims to maintain and strengthen its traditional PVC environmental stabilizers and additives business while enhancing core competitiveness and market share [8] - Plans include building new material production lines focused on domestic substitution and accelerating the second phase of Yingtemei's project to create a new materials industry cluster [8][9] - The company will continue to deepen cooperation with strategic partners to enhance its diversified layout and overall strength [9]

Group 1: Investor Relations Activity Overview - The company held an earnings briefing on April 29, 2025, from 15:00 to 17:00 [3] - The event was conducted via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman, Secretary of the Board, and financial responsible personnel [3] Group 2: Key Issues Addressed - Concerns were raised regarding the executive compensation being relatively low compared to the overall level in the Beijing Stock Exchange [5] - The company explained that executive compensation is determined based on various factors including regional economic development, industry standards, and job responsibilities [5] - The company emphasized that the current compensation structure does not negatively impact the stability and motivation of the executive team [5] - Future plans include continuous improvement of the compensation system and increasing executive remuneration based on investor feedback [5]

Group 1: Financial Performance - In Q1 2025, the company's revenue increased by 4.56%, while in Q1 2024, it had a significant growth of 108.28% [4] - The lower growth in Q1 2025 compared to Q1 2024 is attributed to lower sales in Q1 2023 and a return to normal revenue levels in Q1 2024 [4] Group 2: Export Business - The export business in 2024 showed stable growth, with the addition of exports to Japan [5] Group 3: Production Capacity - The production capacity for server sliding rails is currently sufficient, with adequate production lines and space prepared [6] - The production capacity for household appliance sliding rails is nearing saturation, prompting plans for workshop renovations and equipment upgrades in 2025 [6] Group 4: Product Development - As of Q1 2025, the company has achieved small batch sales of hinge products, with some projects in the sampling and validation stages [7] - Small orders for automotive sliding rails have been received, but sales for these products currently represent a small portion of total revenue, which is primarily driven by household appliance and server sliding rails [7] Group 5: Order Status - Orders for server sliding rails have seen a slight increase compared to previous years, with more projects under development than in prior years [8]

Group 1: Investor Relations Activities - The company conducted an investor relations activity on April 29, 2025, via an online meeting in the company conference room [3] - Attendees included various securities firms and investment funds, such as Huayuan Securities, Dongwu Securities, and Galaxy Fund [3] Group 2: Impact of International Trade - The company reported minimal impact on its operating performance due to the complex international trade situation, focusing on high-potential markets outside of developed countries [4] - Plans to expand overseas production capacity are in place to mitigate the effects of changing international trade environments [4] Group 3: Performance Growth - The company achieved significant growth in revenue and profit in Q1 2025, attributed to strategic resource allocation in high-growth markets like Russia [5] - Continuous efforts to explore and cultivate emerging markets are expected to sustain growth momentum [5] Group 4: Dividend Policy - Since listing on the Beijing Stock Exchange in August 2023, the company has executed four cash dividend distributions totaling approximately CNY 160 million [6] - The management emphasizes shareholder returns and will consider strategic development and annual performance when planning future dividends [6]

证券代码：831526 证券简称：凯华材料 公告编号：2025-029 天津凯华绝缘材料股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 04 月 29 日 活动地点：中证网"中证路演中心"（https://www.cs.com.cn/roadshow/） 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 本次业绩说明会通过年报视频解读对公司情况及 2024 年度经营业绩情况进 行了介绍。同时，公司在年度报告业绩说明会上就投资者关注的问题进行了沟通 与交流。主要问题及回复如下： 问题 1：公司 2024 年净利润同比增长 43.36%，这一增长的原因是什么？ 回复：您好，公司净利润增长主要得益于公司在 2024 年收到计入营业外收 入的政府补助 890 万元，这增 ...

江苏长青农化股份有限公司 证券代码：002391 证券简称：长青股份 编号：2025-002 江苏长青农化股份有限公司 | | | 尊敬的投资者您好，公司一方面要对内挖潜，生 | | --- | --- | --- | | | | 产上通过技术进步与强化管理提高生产效率，提 | | 10 | 未来如何应对成本压力？ | 升产品质量，降低生产成本，减少三废排放；另 | | | | 一方面继续加强国内外农药登记工作，大力发展 | | | | 制剂客户，努力提升市场份额。谢谢！ | | | | 尊敬的投资者您好：公司在扬州沿江厂区原有 500 | | | | 吨烯草酮产能，在此次沿江厂区的腾退搬迁中， | | 11 | 烯草酮公司年产量是多少？ | 公司将烯草酮的产品备案转移到了湖北宜昌公 | | | | 司，下一步，公司将根据市场需求与盈利分析的 | | | | 综合考量，做进一步的项目决策。感谢您对公司 | | | | 的关注。 | | | | 尊敬的投资者您好，公司沿江原厂区已于 2024 年 | | | 沿江厂区搬迁后，老厂区土地 | 关停，目前正在进行农药生产线拆除、清理和变 | | 12 | 处置进展如 ...

Group 1: Investor Relations Activity Overview - The company held an earnings briefing on April 29, 2025, via the China Securities Roadshow Center [3] - Participants included the chairman, general manager, and other key executives [3] Group 2: Key Discussion Points - The earnings briefing included a video interpretation of the annual report and addressed investor concerns [4] - The company is currently upgrading its fundraising project from producing 198 tons of pharmaceutical intermediates to 420 tons of active pharmaceutical ingredients [5] - The company has established a governance structure to protect minority shareholders' interests, ensuring their participation in decision-making [5] Group 3: Future Investment Plans - The company plans to invest a total of 708 million CNY in the revised fundraising project, with 110 million CNY from raised funds and 400 million CNY from bank loans [6] - The remaining funds will be sourced from the company's own resources [6] Group 4: Customer Acquisition Strategies - The company acquires customers through various methods, including participation in trade shows, online promotion, and direct outreach [6] - The company does not have overseas assets or operations [6]

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on April 29, 2025, via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman and General Manager, Mr. Zhao Hongliang, and the Secretary of the Board, Mr. He Jun [3] Group 2: Company Performance and Strategy - The company has a low debt-to-asset ratio and sufficient production capacity to meet market demand without immediate external financing needs [4] - The company is exploring flexible marketing strategies for its high-value ultra-high pressure sterilization equipment, including installment payments and leasing options [5] Group 3: Product Development and Market Position - The company is actively working on replacing imported products in the shield tunneling machine market and is narrowing performance gaps with international competitors [6] - In 2024, the company completed trials for 43 types of nuclear power hoses, with plans for domestic production to replace imports [7] Group 4: Sales and Revenue Insights - In Q1 2025, sales of hydraulic hoses and assemblies increased significantly due to a recovery in the domestic engineering machinery market, with major clients including SANY and XCMG [8] - The acid fracturing hose business has seen record sales in Q1 2025, continuing the positive trend from Q4 2024 [9] Group 5: Financial Performance Analysis - The company's revenue for 2024 remained stable compared to 2023, but net profit declined by approximately 20% due to a decrease in high-margin product sales [10] - The company has become a primary supplier for China National Petroleum Corporation, with ongoing efforts to expand the domestic market for acid fracturing hoses [11] Group 6: Product Specifications and Manufacturing - The 300L ultra-high pressure sterilization equipment is fully domestically produced, with no reliance on imported key components [12]