Group 1: Company Overview - The company focuses on high-precision navigation and positioning technology, integrating various technologies to create a comprehensive product layout across multiple domains [1][2]. - It has developed three core business segments: precise spatiotemporal perception equipment, Beidou high-precision industry applications, and intelligent driving and navigation control [2]. Group 2: Beidou High-Precision Industry Applications - The company offers a comprehensive industry solution that includes a Beidou high-precision positioning cloud platform, operational equipment, thematic maps, and CORS construction and maintenance services [3]. - It has developed a displacement monitoring system that provides real-time data on three-dimensional deformation, cracks, and rainfall, enhancing disaster perception and early warning capabilities [3][4]. Group 3: Precision Spatiotemporal Perception Equipment - The company provides high-precision positioning equipment and solutions for industries such as natural resources, construction, and emergency services, achieving millimeter and centimeter-level measurement accuracy [7]. - It has developed a series of products, including the iFlow series ADCP, which addresses challenges in flow measurement with high precision and miniaturization [7][8]. Group 4: Intelligent Driving and Navigation Control - The company supplies high-precision positioning technology and solutions for passenger cars, agricultural machinery, and construction machinery, enabling advanced driver assistance and autonomous driving [9]. - In the first half of 2025, the company’s inertial measurement unit (IMU) products achieved over 100% year-on-year revenue growth, with over 1 million units delivered [9][10]. Group 5: Engineering and Agricultural Machinery Control - The company has developed a management system for pile foundation construction and control systems for various construction machinery, successfully applied in major projects across multiple sectors [10]. - It has expanded its sales network for agricultural machinery, establishing over 20 new overseas sales channels and a local service center in Hungary to enhance customer service [10].

深圳市新产业生物医学工程股份有限公司 投资者关系活动记录表 证券代码：300832 证券简称：新产业 编号：2025-011 1 深圳市新产业生物医学工程股份有限公司 投资者关系活动记录表 附件： 与会机构名单 | Abu Dhabi Investment Authority | 国联基金管理有限公司 | | --- | --- | | Alpines Capital (HK) Limited | 海通国际资产管理（香港）有限公司 | | Credit Suisse (Hong Kong) Limited | 宏利基金管理有限公司 | | Credit Suisse Asset Management | 华泰资产管理有限公司 | | (International) Limited | | | Fountaincap Research & Investment (Hong | 华夏基金管理有限公司 | | Kong) Co., Ltd. | | | Gic Special Investments Pte Ltd | 汇添富基金管理股份有限公司 | | Goldman Sachs Asset Management ...

Group 1: Company Products and Applications - The company primarily produces lead ingots, zinc ingots, zinc alloys, cathode copper, silver, gold, gallium, germanium concentrate, industrial sulfuric acid, and sulfur [1] - Lead is mainly used in lead-acid batteries, lead materials, and lead alloys, while zinc is utilized in galvanizing, die-casting alloys, and batteries [1] - Cathode copper has extensive applications across various industries, including electronics, machinery, construction, and aerospace [1] Group 2: New Materials Sector - The company has entered the high-end new materials sector through internal innovation and acquisitions, with its subsidiary focusing on advanced materials [2] - In 2023, the company acquired a leading domestic enterprise in the hot bimetal sector, enhancing its position in composite metal materials [2] - Production figures for the first half of 2025 include 10,800 tons of battery zinc powder and 1,237 tons of hot bimetals [2] Group 3: Resource and Exploration Activities - The company prioritizes resource strategy and aims to build a globally competitive non-ferrous metal industry chain [3] - It holds significant mining assets, including the large-scale Fankou lead-zinc-silver mine and several others in Guangdong, Australia, and the Dominican Republic [3] - As of the end of 2024, the company has metal resources of 7.13 million tons of zinc, 3.66 million tons of lead, and 6,607 tons of silver [3] Group 4: Sulfuric Acid Production - The company produced 1.47 million tons of industrial sulfuric acid by the end of Q3 2025, with a target of 1.96 million tons for the entire year [4] Group 5: Future Development Strategy - The company emphasizes efficient, green, and intelligent development, proposing a new strategy of "one body and two wings" [5] - The strategy focuses on leading the industry with rich metal resources while developing deep processing of copper, lead, and zinc [5] - The company aims to enhance its production capabilities and contribute to national supply chain security through project construction and capital operations [6]

Group 1: Silicon Carbide Substrate Development - Silicon carbide (SiC) is a key material for third-generation semiconductors, widely used in electric vehicles, smart grids, and 5G communications [2] - The company has launched its first 12-inch SiC substrate pilot line, achieving 100% domestic equipment development, marking a significant advancement in SiC substrate technology [3] - The company plans to accelerate mass production of 12-inch SiC substrates to provide high-quality, low-cost products, contributing to the growth of China's third-generation semiconductor industry [2] Group 2: Production Capacity and Global Expansion - The company is establishing a production capacity of 300,000 SiC substrates annually in Shaoxing and is investing in an 8-inch SiC substrate project in Penang, Malaysia [4] - Additionally, a project in Yinchuan aims to produce 600,000 8-inch SiC substrates, enhancing the company's technological and scale advantages in the SiC substrate market [4] Group 3: Market Progress and Client Validation - The company has achieved mass production and sales of 6-8 inch SiC substrates, with core parameters meeting industry-leading standards [5] - The range of clients for product validation has significantly increased, successfully securing bulk orders from international customers [5] Group 4: Semiconductor Equipment Advancements - The company has developed a 12-inch atmospheric silicon epitaxy equipment that meets international advanced standards in key performance indicators [6] - New products such as the 12-inch dry-in-dry-out edge grinding machine and 12-inch double-sided thinning machine are undergoing client validation [6] Group 5: Innovations in Compound Semiconductor Equipment - The company is focusing on the transition of the SiC industry towards 8-inch technology, leveraging its core technological advantages in equipment [7] - Continuous innovation in photovoltaic equipment is being pursued, enhancing automation and advanced manufacturing processes to improve efficiency for downstream clients [7]

Company Overview - The company's vision is to become a one-stop service provider for electronic component packaging materials and processes, aiming to lead in electronic-grade film materials, electronic chemicals, and new energy-related materials [2]. - The company has developed a complete production technology for thin carrier tape, breaking the market monopoly held by foreign companies, and has achieved a leading global market share in paper carrier tape [2][3]. Product and Market Strategy - The company has established a comprehensive product line to meet the overall packaging service needs of electronic components, integrating core elements of the supply chain to reduce costs and improve profit margins [3]. - The company is expanding its product range into electronic-grade film materials, enhancing its competitiveness in the electronic component production process and new energy materials [2][4]. Competitive Advantages - **Customer Base**: The company has a strong overlap between its paper carrier tape customers and its release film customers, providing a solid foundation for new product testing and supply [4]. - **First-Mover Advantage**: The company is one of the earliest domestic producers of release films for MLCC applications, having established stable supply relationships with major clients [4]. - **Technical Expertise**: The company possesses extensive experience in precision coating technology and has introduced advanced production lines from Korea and Japan, enhancing its production capabilities [4][6]. Financial and Investment Insights - The company maintains a healthy debt ratio and has sufficient bank credit lines, planning to conduct refinancing in line with future expansion needs [5]. - The acquisition of Flexible Technology, a leader in composite current collectors, is aimed at enhancing the company's capabilities in ultra-thin BOPET film products and expanding its product range in the new energy materials sector [6][7]. Product Details - Flexible Technology specializes in polymer-metal composite film materials, which can replace traditional aluminum and copper foils in lithium-ion batteries, improving energy density and safety [7]. - The product offerings include composite aluminum foils, composite copper foils, and high-end ultra-thin copper foils, targeting various applications in consumer and power batteries [7]. Communication and Compliance - The company conducted a thorough communication session with investors, adhering to regulations to prevent the disclosure of any undisclosed significant information [8].

证券代码：300911 证券简称：亿田智能 债券代码：123235 债券简称：亿田转债 答：集成灶跟房地产紧密挂钩，目前还处在"磨底"阶段，渠 道库存和需求修复需要一段时间。好在品牌力和渠道仍排在第 一梯队，能给转型期提供现金流和背书。公司不对全年营收净 利润等财务数据关键指标进行任何预测指引。 公司于 2025 年和意大利高端电器品牌 SMEG 以及它的大中华 区运营方"思美科"签约，拿下指定区域的进口、分销、推广 全案，采购、仓储、物流、营销、售后一条龙。借助 SMEG 的 品牌地位，亿田可以迅速补位高端空白，提升溢价能力，也给 后续再引其他国际品牌或推出自有高端系列铺路。SMEG 主打 冰箱、洗碗机、烤箱及小家电，轻烹饪场景跟亿田的集成灶正 好互补，凑成"好看又好用"的整体厨房方案，迎合消费升级。 下一步双方会把欧洲设计美学和亿田的本土制造、渠道、服务 网络深度整合，加快 SMEG 在中国高端市场的渗透。 3、问：公司与劳埃德私募基金合作设立上海德数云私募基金 的初衷是什么？该基金的主要投资方向和运作模式是怎样 的？ 答：公司长期看好人工智能产业的发展前景，算力基础设施建 设和整体解决方案投入巨大，公司 ...

3、国内增量业务毛利率还会再低吗？ 证券代码：300470 证券简称：中密控股 中密控股股份有限公司投资者关系活动记录表 编号：2025-015 |  | 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 | | | □新闻发布会 □路演活动 | | 类别 | □现场参观 | | | □其他 （请文字说明其他活动内容） | | | 南方基金：秦乾一、王天瑜、严必行；华福证券：邓娴仪； | | 参与单位名称及 | 东证资管：李疆；华宝基金：贺喆；杨国泰基金：陈雨；太 | | 人员姓名 | 平养老：张凯；华泰资产：丑凯亮；易方达基金：郑涛岳； | | | 长江资管：施展；兴业证券：郭亚男 | | 时 间 2025 | 年 11 月 28 日 | | 地 点 | 公司四楼会议室、线上会议 | | 上市公司接待人 | 董事会秘书 沈小华 | | 员姓名 | | | | 1、目前行业发展格局处于什么阶段？ 答：机械密封全球市场是一个较集中的市场，竞争格局 | | | 保持相对稳定，约翰·克兰、伊格尔·博格曼、福斯三家国 | | | 际巨头几乎占据全球市场 7 ...

Financial Performance - The company achieved a revenue of 3.387 billion CNY in the first three quarters of 2025, representing a year-on-year increase of 27.16% [2] - The gross profit margin for the first three quarters was 20.47%, a decrease of 0.80 percentage points year-on-year [3] - The net profit attributable to shareholders for the first three quarters was 222 million CNY, a year-on-year increase of 41.53% [3] - The operating net profit, excluding stock incentive and convertible bond expenses, was 257 million CNY, up 57.63% year-on-year [3] Expense Overview - Total expenses for the first three quarters amounted to 409 million CNY, an increase of 22.98% year-on-year [4] - Sales expenses for the first three quarters were 77.27 million CNY, up 8.88% year-on-year [4] - R&D expenses reached 211 million CNY, a year-on-year increase of 38.31%, with an R&D expense ratio of 6.22% [5] Product Development - The company offers a range of data center power supply products, including various power ratings from below 800W to above 2000W [6] - High-power server power supply products are positioned at a leading level domestically and are competitive internationally [7] Future Business Plans - The company aims to expand its power adapter business by leveraging its leading R&D capabilities and brand reputation [10] - Plans for overseas business expansion include establishing teams in Taiwan and the USA to target global markets [11] Convertible Bond Projects - The company’s convertible bond projects include the upgrade of its new headquarters and R&D laboratory, and an annual production target of 145,000 data center power supplies [13] Revenue Goals - The revenue growth targets for 2025 and 2026 are set at 35% and 65% respectively, with net profit growth targets of 60% and 130% [13]

1 证券代码：300070 证券简称：碧水源 北京碧水源科技股份有限公司投资者关系活动记录表 编号：2025-008 | | ■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（年度股东大会） | | 参会人员 | 中信证券、中财招商投资集团、国中长城资管、北京含章私募基金、横琴财东 | | | 私募基金、深圳路演时代等 6 名投资者 | | 时间 2025 | 年 11 月 27 日 (周四) 15:00-17:00 | | 地点 | 碧水源大厦 | | 上市公司接待人员 | 公司证券事务代表 | | | 欢迎各位投资者来公司调研，因为有些投资者是刚关注公司，我们先简要 的介绍一下公司大背景，大家了解公司的一个初步情况后，我们再通过问答形 | | | 式进行交流。碧水源是专业从事环境保护及水处理业务的环保高科技企业，拥 | | | 有水处理领域全产业链布局。经过多年技术研发与创新积累，公司已形成集膜 | | | 材料研发、膜装备制造、膜工艺应用于一体及数字化水务运营两大核心优势， | | ...

Group 1: Company Strategy and Market Position - The company focuses on a "technology-driven, global layout, and customer-centric" core strategy, emphasizing high-end intelligent equipment manufacturing and increasing R&D investment [4] - The company aims to enhance international competitiveness through local service and overseas production base construction, with plans to establish technical and after-sales support in Europe and North America [4] - The global manufacturing industry is accelerating towards automation, intelligence, and greening, presenting structural opportunities for high-end equipment [4] Group 2: Industry Trends and Performance - In the first three quarters of 2025, the demand for injection molding machines remained stable, with a slight year-on-year increase in domestic exports [5] - The injection molding machine market is expected to continue its positive development, supported by national policies promoting equipment upgrades [5] - The company’s external sales revenue reached 121,355.78 million yuan, a year-on-year increase of 15.58% [6] Group 3: Product Development and Innovation - The company is developing a semi-solid magnesium alloy injection molding machine designed for high-performance, lightweight magnesium alloy castings in new energy vehicles [7] - Future product direction will focus on high-end, intelligent, and green manufacturing, with significant investment in the NEXT series of die-casting machines and A6 high-end injection molding machines [9] - The company is enhancing its all-electric injection molding machine series, which has shown continuous growth in 2025 [11] Group 4: Competitive Strategy - The domestic competitive strategy includes technology innovation, product differentiation, and smart manufacturing solutions to meet the needs of various industries [11] - The current injection molding machine market is characterized by local brands dominating mid-to-low-end markets while high-end foreign brands maintain a presence in precision and medical sectors [12] - The company is actively expanding its global strategy by establishing subsidiaries and service centers in Europe, India, and Vietnam to achieve localized production and service [12]