证券代码：301110 证券简称：青木科技 青木科技股份有限公司 投资者关系活动记录表 编号：2025-002 （ZUCCARI）是公司孵化管理的自然营养膳食品牌。在 报告期内，公司加大了对品牌建设和营销推广方面的投 入，扩大了品牌孵化管理团队的人员规模，积极扩展线 上和线下的多重销售渠道，并通过品牌直播、达人合作、 线下宣传推广、品牌海外溯源活动等多重营销方式，积 极打造品牌形象。在 2025 年上半年度的报告期内，珂 蔓朵和意卡莉品牌的营业收入分别实现了同比超过70% 和 95%的增长。品牌孵化业务作为公司的第二增长线， 公司会保持对此类业务的资源投入，以期孵化管理品牌 能够迅速开扩销售渠道，在中国市场建立起高质量的品 牌形象。谢谢您的提问，感谢您对青木科技的关注！ 2、25 年年中报营收增长 22%，但净利润下降 22%，这 是什么原因呢？ 尊敬的投资者您好。上半年公司的代运营业务和品 牌孵化业务为公司的收入增长贡献了主要力量。其中， 代运营业务在上半年实现营业收入约 3.0 亿元，同比增 长 7.2%。品牌孵化业务上半年实现营业收入约 2.3 亿 元，同比上涨 86.5%。两类业务的毛利率水平对比去年 ...

证券代码：301332 证券简称：德尔玛 编号：2025-004 2、贵公司未来的核心发展战略是什么？是否会调整？ 答：您好，公司坚持"多品牌、多品类、全球化"的核心战略， 聚焦"德尔玛"与"飞利浦"双品牌驱动，持续拓展家居环境、水 健康、个护健康三大品类。未来将继续强化产品创新能力、供应链 效率和全球化渠道布局，以消费者需求为驱动，推动产品创新向绿 色、节能、智能化的高质量发展方向迈进。感谢您的关注！ 3、公司在品牌建设方面取得了哪些成效？未来如何进一步强 化品牌形象？ 答：您好，"德尔玛"和"飞利浦"双品牌战略成功覆盖了不 同价位段和消费人群。"德尔玛"品牌凭借高性价比和设计感在年 轻群体中建立了强大口碑，而"飞利浦"品牌则依托其全球声誉在 水健康领域占据高端市场。公司通过社交媒体推广和电商平台深度 运营等方式持续提升品牌活力与美誉度。未来，公司将继续通过研 发创新提升产品力，并加大在场景化体验上的投入，让品牌形象更 加立体和深入人心。感谢您的关注！ 4、目前公司的股价比发行价低 40％，是公司发生了什么事故 吗？有回购计划吗？接下来公司的发展计划有那些？ 答：您好，公司坚持"多品牌、多品类、全球化"的核 ...

Group 1: Company Overview and Market Position - The company achieved a revenue of 820 million yuan in the first half of 2025, positioning itself as a leading player in the national landscaping industry [2] - The urban operation business generated 70.39 million yuan, reflecting a year-on-year growth of 17.61% [2] - The company has successfully secured key projects, including the landscaping service procurement for Guangzhou Baiyun International Airport T3 terminal [2] Group 2: Strategic Focus and Development Plans - The company is focusing on sustainable development strategies, emphasizing ecological landscape and green construction [2] - Plans to expand into the elderly care industry are underway, leveraging existing customer resources and technical advantages in landscape and engineering [1] - The company aims to enhance its competitive edge by optimizing customer structure and deepening strategic partnerships with leading enterprises [2] Group 3: Shareholder Returns and Financial Management - Since its listing in 2012, the company has distributed over 200 million yuan in cash dividends [2] - From February to August 2024, the company repurchased shares worth 99.38 million yuan, demonstrating commitment to shareholder interests [2] - The company is focused on achieving a positive cycle of operational improvement and investment returns in the future [2]

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 235,056.97 million yuan, a year-on-year increase of 2.19% [2] - The net profit attributable to shareholders reached 37,250.57 million yuan, reflecting a year-on-year growth of 25.33% [3] - Revenue from security and value-added services accounted for 64,671.22 million yuan, representing 27% of total operating revenue [7] Group 2: Strategic Focus and Business Development - The company is focusing on core businesses, specifically CDN and edge computing, while promoting refined operations [2] - There are plans for strategic investments and mergers to enhance technology and product offerings [3] - The company is actively expanding its overseas market presence, particularly in Southeast Asia, in line with the Belt and Road Initiative [4] Group 3: Investor Relations and Communication - The company is committed to enhancing communication with investors through various channels, including performance briefings and investor surveys [3] - As of September 10, 2025, the total number of shareholders is 176,822 [3] - The company has no current plans for stock repurchase but will disclose any significant matters promptly [3] Group 4: Market and Competitive Landscape - The company is monitoring the growth of internet traffic in Southeast Asia, driven by increasing internet users and digital economy development [4] - The security business is marketed alongside CDN services, providing comprehensive security solutions [5] - The company is aware of the competitive landscape in the international market for its security services [5] Group 5: Challenges and Future Outlook - The company is focused on high-quality development and addressing potential risks as outlined in its annual report [6] - There is an emphasis on leveraging AI and technology advancements to capture industry opportunities [6] - The company is evaluating the impact of macroeconomic factors on its stock price and is committed to effective market management [6]

Group 1: Financial Performance - The company achieved a revenue of 236 million CNY in the first half of 2025, representing a year-on-year growth of 13.69% [2] - The net profit attributable to shareholders reached 23.53 million CNY, with a year-on-year increase of 17.68% [5] - The net profit after deducting non-recurring gains and losses was 21.84 million CNY, showing a growth of 27.46% year-on-year [5] Group 2: Market Strategy - The company adheres to a market strategy of "deepening domestic and breaking into international markets" and a product strategy of "differentiated species and full nutrition" [3] - In the domestic market, the focus is on core customer development, particularly in the pig, dairy cow, and poultry sectors, while also expanding into aquaculture and beef markets [5] - Internationally, the company has increased efforts in market development, achieving rapid revenue growth in over ten countries including Vietnam, Russia, and Brazil [3] Group 3: Product Development - The company emphasizes innovation in feed additives and enzyme hydrolyzed protein raw materials, with a commitment to developing efficient, safe, and environmentally friendly products [4] - Two new patents were added in the first half of the year, and the company plans to enhance its R&D capabilities to continuously improve technological innovation [6] - A new corn protein processing project is expected to be completed and enter trial production this year, which will help alleviate the domestic protein resource shortage [4] Group 4: Risk Management - The company has established long-term partnerships with upstream suppliers to mitigate the impact of raw material price fluctuations, including locking in prices through long-term contracts [7] - The company has a diversified supply chain and conducts real-time market analysis to manage costs effectively [7] - The strategy includes expanding product applications across various fields such as ruminants, poultry, aquaculture, and pets to reduce risks associated with product category concentration [4]

Company Overview - The company, Yinchuan Weili Transmission Technology Co., Ltd., focuses on precision gearboxes and has made significant progress in the construction of its smart factory for wind power gearboxes [2][3]. Funding and Financing - The funding for the smart factory primarily comes from the company's own funds and loans from financial institutions. The company plans to apply for a credit limit of up to 3 billion CNY from financial and non-financial institutions [3]. - The company intends to raise up to 600 million CNY through a private placement of A-shares, which will be used for the smart factory and to supplement working capital [3]. Construction Progress - As of August 2025, the total investment in the wind power gearbox smart factory has reached 1.231 billion CNY. The construction of the factory is progressing smoothly, with all civil works completed and key production equipment mostly delivered [3][4]. - The factory is currently in a critical phase of construction, focusing on equipment debugging and personnel training to ensure operational readiness [4]. Production Capacity and Profitability - The factory's production capacity is expected to ramp up gradually, with a focus on improving operational proficiency and optimizing production line efficiency [4]. - The expected gross margin after the factory's operation is anticipated to be significantly higher due to increased product value and economies of scale, with the smart factory's products expected to have a higher pricing basis compared to conventional products [5]. Market Outlook - The global and Chinese wind power installation capacity is on a continuous rise, with the global wind power market projected to add 981 GW from 2025 to 2030, averaging 164 GW annually. This growth will drive demand for core components like gearboxes [5]. - In China, the newly installed wind power capacity reached 51.39 GW in the first half of 2025, a year-on-year increase of 98.88%. The market for wind power gearboxes is expected to grow from approximately 3.136 billion USD in 2023 to 4.263 billion USD by 2030 [5]. Communication and Compliance - The company ensured that all communications with investors adhered to information disclosure regulations, maintaining transparency and accuracy without leaking any undisclosed significant information [5].

Group 1: Financial Performance - The company reported a revenue of 1.58 billion yuan in the first half of 2025, representing a year-on-year increase of 102% [2][3] - The company aims to achieve a net profit turnaround and exceed 3 billion yuan in revenue for the full year 2025 [3] Group 2: Strategic Initiatives - The company is implementing several strategies to improve performance, including brand revitalization, IP collaboration, and expanding e-commerce channels [3] - There is a focus on enhancing product offerings by extending maternal and infant products for family use and improving the quality of medical beauty services [3] Group 3: Investor Engagement - The company is committed to transparency and will disclose the progress of its investment in Cangqiong Digital as required by regulations [3] - The management expressed openness to integrating AI technology into maternal and infant products to enhance interactivity and engagement [3]

Group 1: Company Performance - The company achieved a revenue growth of 16.20% year-on-year in H1 2025, with a net profit growth of 26.24% [6] - The core growth business, cream, has seen a slowdown in growth to below 30% year-on-year, indicating a potential shift to a growth rate of 10-20% in the future [3] - Revenue from innovative channels such as catering, tea drinks, and new retail grew approximately 40% year-on-year in H1 2025 [3][7] Group 2: Shareholder Actions - Shareholders have reduced their holdings primarily to meet personal funding needs, which is unrelated to the company's fundamentals or industry outlook [6] - The company completed a share repurchase plan in January 2025 and will disclose any future repurchase plans in accordance with regulations [3] - The company is committed to enhancing investor relations and demonstrating its value to the capital market [6] Group 3: Product Development and Market Strategy - The company is focusing on diversifying its product matrix in the cream segment and enhancing channel depth and customer breadth [3] - New products such as milk cake batter and egg tart liquid have received positive market feedback, with UHT cream products currently in market testing [8] - The company emphasizes a multi-channel and multi-category development strategy, with a focus on large products and key customers [8] Group 4: Industry Challenges - The entry barriers for the cream industry include technical barriers, financial strength, channel coverage, and brand recognition [8] - Domestic substitution challenges primarily revolve around achieving high product quality and stable supply of core raw materials [8]

Group 1: Investor Relations Activity - The company held an earnings briefing on September 19, 2025, from 14:00 to 17:00 via an online platform [2] - Participants included Chairman Deng Yuquan, General Manager Deng Ke, Financial Director Wu Shu, and Secretary of the Board Xie Zhang [2] Group 2: Shareholder Information - As of September 10, 2025, the number of shareholders was reported to be 20,348 [2] Group 3: Financial Performance - The company's revenue for the first half of 2025 was 10.09 billion yuan, representing a year-on-year increase of 27.77% [2] - The company plans to continue focusing on customer needs and technology upgrades in the second half of the year to ensure sustainable growth [2]

Group 1: Market Expansion Plans - The company is actively pursuing internationalization strategies in Africa, focusing on Nigeria and Tanzania for resource development and industrial empowerment [1] - Nigeria's lithium mining project aims to enhance resource development and create a supply chain for new energy [1] - The establishment of a GMP-compliant pharmaceutical production base in Africa is planned to meet local healthcare needs [1] Group 2: Pharmaceutical Excipients Industry - The company offers 127 types of pharmaceutical excipients, covering 32.87% of the 387 types listed in the Chinese Pharmacopoeia (2025 edition) [2] - Established supply relationships with over 3,000 domestic clients, indicating high product stickiness [2] - The company has received 12 "variety guardian" qualifications for pharmaceutical excipients from the National Pharmacopoeia Commission [2] Group 3: Financial Performance - In the first half of 2025, the company's revenue increased by 9.74%, with a net profit surge of 497.36%, reversing the losses of 2024 [6] - The revenue from the new energy sector reached 12,660.22 million yuan, accounting for 18.57% of total revenue, with a gross margin of 36.25% [3] - Sales of modified starch and starch capsule products grew, achieving revenue of 56.41 million yuan, a year-on-year increase of 81.89% [2] Group 4: Research and Development - The company invested 1,993.37 million yuan in R&D in the first half of 2025, focusing on new pharmaceutical excipients and technology advancements [7] - The company is actively involved in the development of new drug excipients and enhancing existing ones [4] Group 5: Cash Flow and Accounts Receivable - The net cash flow from operating activities decreased by 64.08% in the first half of 2025, primarily due to reduced net purchases [6] - Accounts receivable reached 163 million yuan, a year-on-year increase of 51.44%, indicating a need for improved receivables management [6]