2、公司本月在上海展会有什么新品推出？ 证券代码：002757 证券简称：南兴股份 南兴装备股份有限公司投资者关系活动记录表 编号：2025-IR009 | | □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 | □新闻发布会 □路演活动 | | 类别 | □现场参观 | | | 广东辖区上市公司投资者网上集体接待日活 其他（2025 | | | 动） | | 活动参与人员 | 参与公司网上集体接待日活动的投资者 董事长：詹谏醒 | | | 董事、总经理：詹任宁 | | | 董事、董事会秘书：叶裕平 | | | 财务总监：李冲 | | 时间 | 年 月 日 2025 9 19 15:30 | | 地点 | 全景路演（http://rs.p5w.net） | | 形式 | 线上交流 | | | 1、公司现金流情况还不错，未来的分红会保持吗？ | | | 尊敬的投资者，您好。公司目前现金流状况良好，2024 | | | 年度经营现金流净额为 年半年度为 3.65 亿元，2025 2.28 | | | 亿元。公司始终高度重视股东回报，坚持与股 ...

Group 1: Company Performance - The company's significant growth in Q1 is attributed to increased market demand, product structure optimization, and improved internal operational efficiency [1] - The company's drilling needle products have achieved the highest global market share, indicating substantial future revenue growth potential [1] - R&D investment accounted for 6.39% of revenue in the first half of 2025, emphasizing a technology-driven growth strategy [2] Group 2: Competitive Positioning - The company acknowledges that its brand recognition and reputation in overseas markets require time and continuous investment [2] - Ongoing technical breakthroughs are necessary to enhance competitiveness in cutting-edge application areas [2] Group 3: International Strategy - The company is committed to a global development strategy, increasing resource investment in key overseas markets [2] - Plans to strengthen overseas technical support and customer service capabilities to enhance international brand influence [2] - The company aims to leverage global supply chain opportunities to provide high-quality products and services to international clients [2] Group 4: Product Development - The company is actively monitoring technological trends in the downstream PCB industry and is engaged in relevant R&D and product preparation [2] - The company has developed the technical capabilities to produce high-performance drilling needles that meet the demands of the GB300 application [2]

| 投资者关系活动 | □特定对象调研 □ 分析师会议 | | | --- | --- | --- | | 类别 | 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 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2025 年 9 月 19 日 (周五) 下午 14:00~17:00 | | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | 采用网络远程的方式召开业绩说明会 | | | 上市公司接待人 | 1、董事长王志华 | | | 员姓名 | 2、总经理龙起龙 | | | | 3、财务总监陈海容 | | | | 4、董事会秘书马永新 投资者提出的问题及公司回复情况 | | | | 公司就投资者在本次说明会中提出的问题进行了回复： 1、尊敬的王董事长，自从茂名港入主大股东以来，我亲眼看见 | | | | 你们为公司的付出，先是承接债权现在又要注入现金，请问，公 | | | 投资者关系活动 | ...

Company Overview - Founded in 2011, located in Huzhou Anji, specializing in R&D, production, and sales of high-voltage power systems for electric vehicles [1] - Main products include vehicle-mounted high-voltage power systems, liquid-cooled ultra-fast charging power modules, and smart DC charging power modules [1] - Application scenarios include home slow charging, fast charging on the go, and vehicle-to-load power supply [1] Production Capacity - First production base commenced operations in 2021, with a second base starting production in the first half of 2025 [2] - Current production capacity is stable, with plans for dynamic optimization based on market demand and customer orders [4] Customer Concentration - Established stable partnerships with major automotive manufacturers such as GAC, NIO, Xiaomi, and others [3] - Dependency on the primary customer is decreasing, enhancing operational stability [3] International Strategy - Secured a project with Renault in 2021, with overseas business revenue accounting for 6.8% in 2024 [5] - Expected to increase to over 17% in the first half of 2025 as production stabilizes [5] Shareholder Information - 50.71% of shares were unlocked for trading on September 4, prior to the IPO [6] - Shareholders are required to announce any planned reductions in shareholdings [6] Stock Incentive Plan - A restricted stock incentive plan was approved on August 29, 2025, with a follow-up board meeting scheduled within 60 days to finalize grant dates [8] Financial Performance - Revenue increased by over 122% year-on-year due to significant growth in customer demand [8] - Accounts receivable rose by more than 45% compared to the end of the previous year, leading to higher credit impairment losses [8]

Group 1: Company Governance - The board of directors consists of 9 members, with 3 from Zhuhai Gree Jin控 and 3 from the original company. In case of a tie (3:3), decisions are made based on a majority vote of all directors [2] - Board resolutions require a majority approval from all directors as per the company's articles of association [2] Group 2: Investor Relations Activities - The company participated in the "2025 Guangdong District Investor Reception Day" on September 19, 2025, from 15:30 to 17:00, via the "Panorama Roadshow" website [1] - The event aimed to enhance interaction and communication with investors regarding the company's operational status and other investor concerns [1] Group 3: Information Disclosure - The company adheres strictly to relevant laws and regulations regarding information disclosure and has no undisclosed information that should have been revealed [3]

Group 1: Financial Performance - The company's revenue for the first half of 2025 reached CNY 43.45 million, a year-on-year increase of 126.37% due to growth in digital enterprise services and computing power services [2][3] - The computing power service project in Shenzhen generated revenue of CNY 30.08 million with a gross margin of 46.48% [3] - The company effectively improved operational efficiency by reducing sales expenses by 15.92% to CNY 10.18 million and management expenses by 8.22% to CNY 16.04 million [3] Group 2: Acquisition Plans - The company is in the process of acquiring 100% equity of Guangdong Xingyun Kaiwu Technology Co., Ltd., with cash and share issuance [4][6] - The acquisition is pending completion of asset audits and evaluations, with no confirmed timeline for approvals [4][6] - The target company reported an expected revenue of CNY 444.70 million and a net profit of CNY 90.71 million for 2024, pending audit [6][7] Group 3: Future Growth Expectations - The company anticipates continued growth in the second half of 2025, driven by ongoing projects in computing power and digital enterprise services [5] - A new three-year contract for a domestic computing power project worth CNY 57.82 million was signed in August, contributing to future revenue [7] - The acquisition of Xingyun Kaiwu is expected to enhance the company's competitive edge and expand its product application scenarios [5][8] Group 4: Technological Advancements - The company has developed AI applications, including the "Yiqi AI Government Assistant" and "Company AI Assistant," aimed at improving efficiency in government and enterprise operations [10] - The company holds the first batch of DRCA certificates in the big data industry and has launched multiple data products on trading platforms [10]

Group 1: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 15.94% compared to the same period last year [2][3] - In August 2024, the controlling shareholder invested 12,179.21 million CNY to increase holdings in Hongmian shares [2] - In April 2025, the company repurchased 1,813.59 million shares using 5,523.77 million CNY of its own funds [2] Group 2: Strategic Acquisitions - The company acquired 39.9996% of Asia Foods, which includes products like soda and juice, to enhance its beverage business and address competition issues [3][5] - The acquisition aims to create synergies with the company's beverage operations and improve market share and brand influence [5][6] Group 3: Market Challenges and Responses - The company faced a decline in revenue and profits due to fluctuations in the consumer market, particularly in sugar product sales [3][4] - Management plans to focus on core business areas and improve operational management to enhance overall profitability [7][9] Group 4: Future Outlook - The company's 2025 strategic theme is "External Breakthrough, Intelligent Innovation," focusing on innovation-driven development and quality improvement [7] - The company will continue to utilize its cash reserves for business-related activities, including procurement, production, market expansion, and R&D [9]

Group 1: Company Strategy - The company's main business is traditional Chinese medicine, and it has invested in Sanxiang Bank, which has led to financial losses. The company emphasizes that the investment is part of its "one body, two wings" development strategy, integrating traditional medicine with the health and financial industries [2]. - The company will disclose any significant matters related to the transfer of Sanxiang Bank's equity in a timely manner [2]. Group 2: Future Plans - There is a question regarding whether the company has plans to acquire Kangpu Pharmaceutical after the major shareholder Liu Ling'an increased his stake in 2021. The company stated that any future acquisition matters will also be disclosed promptly [2].

Group 1: Opportunities and Challenges - The pilot program for data element reform in the Guangdong-Hong Kong-Macao Greater Bay Area will accelerate regional data flow and industrial development, leading to increased demand for data storage and processing services [2] - The company has established several self-operated data centers in the region, leveraging its extensive business experience [2] - Challenges include intensified industry competition driven by policy changes and heightened requirements for data security and business operations [2] Group 2: Business Impact and Strategic Alignment - The "Implementation Plan for Comprehensive Reform Pilot of Market-oriented Allocation of Factors in Nine Cities of the Greater Bay Area" aims to promote the autonomous and orderly flow of factors, aligning with the company's IDC business distribution in key areas like the Greater Bay Area and Beijing-Tianjin-Hebei [3] - The company will continue to monitor policy developments and explore suitable growth directions based on market conditions and its operational realities [3] Group 3: Financial Performance and Share Price - The company's main business, IDC services and other internet comprehensive services, accounts for over 90% of its revenue, differentiating it from competitors like Kehua Data and Xiechuang Data [3] - The company adheres to a business strategy focused on "ensuring delivery and promoting listings" to enhance operational results [3] Group 4: Shareholding Changes - The company sold 70% of its stake in Sichuan Huatuo in November 2024, and will no longer hold shares in the company following the completion of this sale [3]

Group 1: Business Development and Strategy - The company is currently in the early investment stage with Jiangxi Congguo Digital Culture Co., Ltd., which is expected to contribute a low percentage to overall revenue and is not anticipated to significantly impact business operations [2][3] - The acquisition of 51% stake in Congguo Digital Culture is aimed at exploring new business opportunities in the digital content sector [2][3] - The company plans to enhance its product offerings towards high unit price and high added value, focusing on "intelligent, healthy, and efficient" strategies in response to market demands [3][4] Group 2: Financial Performance and Market Conditions - The company experienced a decrease in product orders in the first half of the year and aims to secure more quality orders to improve capacity utilization [3] - Measures to achieve profitability include focusing on high-margin smart health appliances, reducing inefficient engineering business, enhancing R&D and cost control, and optimizing assets [3][4] Group 3: Industry Trends and Future Plans - The home appliance industry is shifting towards consumer upgrades driven by government policies and rising consumer demand for quality and smart products, while facing intensified competition [3] - The company is currently not pursuing the liquid cooling industry despite having numerous patents, indicating a cautious approach to new market entries [4]