证券代码：300456 证券简称：赛微电子 北京赛微电子股份有限公司 投资者关系活动记录表 编号：2026-001 投资者关系活动 类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ■现场参观 □其他 参与单位名称及 人员姓名 淡水泉基金 叶智深 孝庸基金 李跃博 领丰资本 李健 腾飞资本 吴雪梅 时间 2026 年 2 月 25 日 14:00-16:00 地点 北京经济技术开发区科创八街 21 号院 赛微电子北京 MEMS 产业基地五楼会议室 上市公司接待 人员姓名 董事、总经理、董事会秘书：张阿斌 证券事务部负责人：徐永文 证券投关高级经理：刘妍君 投资者关系活动 主要内容介绍 第一部分：公司介绍 上市公司介绍了公司的基本情况、发展历程、核心业务、 产业角色、全球化布局、发展战略、商业模式、竞争格局等。 赛微电子专注 MEMS 芯片制造主业，持续提升境内外产线的产 能利用率及良率。公司看好万物互联与人工智能背景下智能传 感芯片行业的未来发展空间，同时对自身的 MEMS 芯片制造工 艺及综合竞争实力充满信心。 公司组织安排了北京 FAB3 产线洁净间参观活动。 第二部 ...

证券代码：002353 证券简称：杰瑞股份 烟台杰瑞石油服务集团股份有限公司投资者关系活动记录表 编号：20260225 | | 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 | | | 类别 | □新闻发布会 | □路演活动 | | | | 现场参观 | | | | | □其他 | | | | | 序号 | 代表机构 | 姓 名 | | | 1 | LMR Partners LLP | William Liu | | | 2 | Point72 Asset Management | Michael Huang | | | 3 | Trivest Advisors Limited | Qiqi Wang | | | 4 | StoneyLake Asset | Weiming Xiong | | | 5 East | Capital Asset Management | Hao Zhang | | | 6 | FIL Ltd. | Eric Nie | | | 7 | Hillhouse Investmen ...

Group 1: Company Overview and Business Strategy - The company focuses on a dual development strategy of "environmentally friendly low-carbon new materials + biological health" [2] - It specializes in the research, production, and sales of special environmentally friendly paper, printing products, and industrial hemp processing [2][3] - The special anti-counterfeiting environmentally friendly paper business includes products like aluminum foil paper and laser anti-counterfeiting materials, primarily used in specific consumer goods [2] Group 2: Industrial Hemp Business - The company’s subsidiary, Yunnan Green New, is engaged in the extraction and processing of CBD and other rare cannabinoids [3] - A subsidiary, E10 Labs, was established in the U.S. to support the development of the industrial hemp business and has been granted legal qualifications for manufacturing and sales [3] Group 3: Space Computing Industry Insights - The global power consumption of data centers and AI is projected to double by 2026, reaching 1,000 terawatt-hours, equivalent to Japan's annual electricity consumption [4] - Space data centers are emerging as a solution to the energy and cooling challenges faced by ground data centers, utilizing solar power and natural radiation cooling [4] Group 4: Investment and Shareholding - The company holds a 27.8174% stake in Beijing Orbit Chuangguang Technology Co., Ltd. following a recent capital increase [5] Group 5: "Computing Star Network" Initiative - The initiative focuses on efficient scheduling of space computing resources, secure data transmission, and application exploration [6] - Beijing Orbit Chuangguang actively participates in this initiative, contributing to technology development and industry standards [6] Group 6: Future Plans for Space Data Center - The construction of the space data center will occur in three phases: - 2025-2027: Breakthroughs in energy and cooling technologies, initial constellation development [7] - 2028-2030: Further technological advancements and cost reductions for the second phase [7] - 2031-2035: Large-scale satellite production and network deployment [7] Group 7: Patent Applications - The company is applying for core patents related to space computing technologies, including a large planar array space computing center and energy systems for satellites [9]

Company Overview - Changzhou Wujin Zhongrui Electronic Technology Co., Ltd. was established in May 2001 and is located in the Wujin National High-tech Industrial Development Zone [1] - The company is a leading manufacturer and seller of precision safety structural components for cylindrical lithium batteries, with a focus on high-end products [1] - It has established strong partnerships with major industry clients, including LG Energy, Tesla, and others, and has a significant market presence [1] Financial Performance - In the first three quarters of 2025, the company reported revenue of CNY 502 million, a 3.80% increase year-on-year [2] - The net profit attributable to shareholders was CNY 25.13 million, reflecting a 53.53% decrease compared to the previous year [2] Reasons for Performance Decline - The decline in performance was attributed to intensified competition in the electric vehicle market, leading to cost pressures and a decrease in product prices [2] - Increased depreciation costs from fixed asset investments and rising R&D and labor costs also contributed to the profit decline [2] Future Outlook - For 2026, the company aims to enhance product competitiveness and profitability by focusing on the development of large cylindrical structural components and expanding into new markets [2] - The company is committed to long-term service for key domestic and international clients and will continue to develop new products [2] Project Updates - The company is actively working on multiple R&D projects related to the 46 series structural components, with some projects already achieving batch supply agreements with clients [2]

Group 1: Company Overview - Yunnan Tin Company has a comprehensive industrial structure integrating exploration, selection, smelting, deep processing, and new material research of non-ferrous metals such as tin, indium, zinc, and copper [2][3] - The company achieved an operating income of CNY 34.417 billion in the first three quarters of 2025, a year-on-year increase of 17.81% [3] - The net profit attributable to shareholders reached CNY 1.745 billion, up 35.99% year-on-year [3] Group 2: Strategic Planning - The company emphasizes resource expansion as a long-term development strategy, planning to optimize mining production layout and enhance resource reserves [4] - It aims to increase tin resource reserves to support sustainable development and ensure national strategic metal resource security [4] Group 3: Market Insights - The global tin supply is expected to face challenges due to tightening policies in Southeast Asia and limited new mining projects, leading to a slight contraction in production [5][6] - Tin demand is projected to grow due to its essential role in the renewable energy and electronics sectors, driven by advancements in energy transition and artificial intelligence [5][6] Group 4: Resource Utilization and Production - The company plans to establish three tailings resource utilization bases to enhance the economic benefits and recovery rates of tailings [6] - The indium production base in the Dulong mining area holds the largest primary indium reserves globally, with production expected to positively impact performance due to rising market prices [6] Group 5: Operational Challenges - Despite a slight increase in tin smelting processing fees in 2026, the current fees remain low, prompting the company to focus on refining production and cost reduction strategies [6]

Group 1: Business Overview - The company, Shandong Ruifeng High Polymer Materials Co., Ltd., focuses on PVC additives and engineering plastic additives, with a stable growth in traditional PVC business despite a slow industry growth rate [2][3]. - The engineering plastic additives currently have an annual production capacity of 10,000 tons, with a revenue of CNY 107 million in 2024, representing a 212.46% increase from 2023 [3][4]. Group 2: Product Development and Expansion - The company is implementing a new project to build a 60,000 tons/year capacity for engineering plastic additives, with the first phase of 20,000 tons expected to be operational by the end of 2026 [4]. - The company is also transitioning its PBAT project to produce high-end polyester materials PETG/PCTG, with a planned capacity of 30,000 tons/year, expected to start production in mid-2026 [7]. Group 3: Market Trends and Challenges - The PVC price increase positively impacts the demand for PVC additives, leading to higher inventory levels among customers and potential price increases for the company's products [10]. - The company acknowledges the risks associated with the reliance on imported materials, particularly in the SBR product line, which is currently dominated by Japanese suppliers [9]. Group 4: Research and Development - The company is focusing on the development of epoxy resin toughening agents, with applications in automotive, wind power, and PCB sectors, although large-scale production is still limited [6]. - The black phosphorus materials are being explored for battery applications, with a focus on low-cost industrialization, although the project is still in the pilot stage [8]. Group 5: Financial Performance and Future Outlook - The engineering plastic additives segment is expected to continue its growth trajectory, with significant revenue increases projected for 2025 [3][4]. - The company plans to expand its synthetic biology business, particularly in the production of dextran, with an aim to increase capacity and market reach by 2026 [10].

Group 1: Mining Machinery Business - The company offers a comprehensive range of mining machinery products, including two-bridge mining trucks, excavators, electric shovels, and wide-body dump trucks, positioning itself as a leading player in the global market [2] - The mining machinery sector is projected to exceed 40 billion by 2030, driven by increasing demand for new energy minerals and ongoing upgrades in mining equipment [3] - The company has established a strong technical foundation in mining machinery, receiving recognition from international high-end clients [3] Group 2: Financial Performance and Strategy - The company's gross margin increased by 0.7 percentage points in the first half of 2025, with plans for continued improvement through cost reduction and structural adjustments [3] - Future gross margin growth is expected to align with industry cycles and operational progress, with a focus on stabilizing prices and reducing costs across procurement, R&D, and production [3] Group 3: Global Market Expansion - The mining machinery export business operates in over 190 countries, with key markets in Southeast Asia, Latin America, Africa, and Oceania [3] - The company aims to enhance its market penetration and competitiveness through accelerated globalization and localization strategies [3] Group 4: New Energy Mining Machinery - The company leverages its core components in electric control to enhance the competitiveness of its new energy mining machinery, aiming to provide comprehensive solutions for various application scenarios [3] Group 5: Agricultural Machinery Development - Established in June 2020, the agricultural machinery division focuses on high-end, large-power products, achieving significant revenue growth in recent years [3] - The division aims to provide optimal solutions for sustainable agricultural development, with a commitment to advanced technology and autonomous systems [3]

Group 1: Financial Projections - The company expects a revenue growth of 10% for 2025 [2] - The gross margin is projected to increase by 0.7 percentage points in the first half of 2025 [3] Group 2: Market Insights - The domestic engineering machinery market shows positive signs, particularly in earth-moving machinery, which has seen sales turn positive for several consecutive months [3] - The company anticipates a continued recovery in the domestic market in 2026, driven by major project implementations and the ongoing "two-step" strategy of urbanization [3] Group 3: Strategic Plans - The company plans to enhance gross margin through stable pricing, cost reduction in procurement, R&D, and production, as well as adjustments in product, industry, market, and customer structures [3] - The mining machinery segment aims to provide a comprehensive solution for open-pit mining, with a target of exceeding 40 billion by 2030 [3] Group 4: Export Markets - The mining machinery exports are supported by a marketing network covering over 190 countries, with key regions including Southeast Asia, Latin America, Africa, and Oceania [3]

Group 1: Mining Machinery Strategy - The company offers a comprehensive range of mining machinery products, including two-bridge mining trucks, excavators, electric shovels, and wide-body dump trucks, positioning itself as a leading player in the global market [1] - The mining machinery sector is expected to exceed 40 billion by 2030, driven by stable growth in global mineral resource development and increasing demand for equipment upgrades [1] Group 2: Competitive Advantages in New Energy Mining Machinery - The company leverages its core components in "three electrics" to enhance the competitiveness of new energy mining machinery, with a focus on optimizing products based on application scenarios [2] Group 3: Domestic Market Outlook for 2026 - The domestic engineering machinery market is showing positive signs, particularly in earth-moving machinery, which has seen a return to positive sales for several months [2] - The company anticipates continued recovery in the domestic market in 2026, supported by government strategies, urbanization, and significant project implementations [2] Group 4: Gross Margin Improvement Plans - The company achieved a 0.7 percentage point increase in gross margin in the first half of 2025 and plans to continue this upward trend through price stabilization, cost reduction, and structural adjustments [2] Group 5: Overseas Market Expansion - The company has a robust global presence, with a marketing network covering over 190 countries, and expects continued growth in export revenue [2] - The overseas market for domestic brands is characterized by growth potential, with increasing demand and improved product quality enhancing competitiveness [2]

Group 1: Investor Relations Activities - The company engaged in various investor relations activities, including specific object research and analyst meetings, from January 6, 2026, to February 11, 2026 [2] - Notable participants included Morgan Stanley, Southern Fund, and Huatai Securities, among others, with multiple meetings scheduled throughout January and early February [2] Group 2: Subsidiary Listing and Market Opportunities - The subsidiary, Dazhu CNC, was successfully listed on the Hong Kong Stock Exchange on February 6, 2026, with a total subscription amount of approximately $1 billion from notable cornerstone investors [3] - The PCB industry is projected to grow, with revenue and output expected to increase by 15.4% and 9.1% respectively by 2025, driven by demand for AI servers and switches [3] Group 3: 3D Printing and Welding Equipment - The company is focusing on 3D printing technology for consumer electronics, particularly titanium alloy structural components, which is expected to become a new growth point due to increasing industry demand [3] - A comprehensive intelligent welding product system has been developed to meet diverse industry requirements, providing specialized welding technology support to various sectors including aerospace and energy [3] Group 4: General Industrial Laser Processing Equipment - The company emphasizes research and innovation to optimize products in response to market demands, leading to an increase in market share for high-power laser cutting equipment [4] - The company is expanding its overseas research, production, and sales teams to capitalize on the growing equipment demand in Southeast Asia, reflecting a trend towards diversified manufacturing supply chains [4]