Group 1: Export Tax Policy Impact - The company's export ratio is 50%, and the recent adjustment of the lithium battery export tax from 9% to 6% will be managed through a dual strategy: communication with customers and leveraging the Vietnam production base [2][3] - The adjustment is seen as a "supply-side reform" that will accelerate industry reshuffling, pushing resources towards companies with technological leadership and cost control capabilities [2] Group 2: AI Business Strategy - The company’s "All in AI" strategy has shown significant results, with AI-related business planning for 2026 focusing on AIPC, wearable devices, and robotics [3][4] - AI PC products are a key revenue contributor, and the company aims to enhance the revenue share of high-value AI end-side businesses in the coming years [4] Group 3: Market Positioning and Product Focus - The company is focusing on high-end mobile power products in response to increasing market safety standards, collaborating with major brands to enhance product safety [4][5] - The company has strategically isolated itself from the low-end market affected by rising storage component prices, maintaining a focus on mid-to-high-end markets [6] Group 4: Financial Projections and Growth Strategy - The company aims for sustainable profitability through a focus on high-quality growth, optimizing customer and product structures to enhance gross margins [4][5] - The storage battery business is expected to see significant growth, with revenue projected to increase several times by 2025, supported by planned capacity expansion [5][6] Group 5: Competitive Differentiation - The company has a 20-year foundation in battery cell technology, allowing it to differentiate itself in the energy storage market, which has diverse applications and high reliability demands [5][6] - The focus on new technology fields and building technical barriers will help the company transcend traditional cost competition [6][7]

Group 1: Deposit Growth - The total customer deposits of Qingdao Bank reached CNY 481.73 billion by the end of September 2025, an increase of CNY 49.70 billion, representing a growth of 11.50% compared to the end of 2024 [2] - The company's deposit balance was CNY 238.05 billion, up CNY 25.89 billion, with a growth rate of 12.20% [2] - Personal deposits amounted to CNY 243.57 billion, increasing by CNY 23.77 billion, reflecting a growth of 10.82% [2] Group 2: Asset Allocation and Loan Direction - The total customer loans of Qingdao Bank reached CNY 375.30 billion by the end of September 2025, an increase of CNY 34.61 billion, which is a growth of 10.16% [3] - The bank aims to focus on high-quality development, increasing credit investment while optimizing the asset-liability structure [3] - The bank will establish competitive advantages in eight key areas, including technology finance, inclusive finance, and green finance, to provide personalized and diversified financial services [3] Group 3: Credit Asset Quality - The non-performing loan ratio of Qingdao Bank was 1.10% by the end of September 2025, a decrease of 0.04 percentage points compared to the end of 2024 [3] - The provision coverage ratio was 269.97%, an increase of 28.65 percentage points from the end of 2024, indicating a stable improvement in asset quality [3] - The bank will continue to strengthen the management of credit asset quality and enhance its ability to serve the real economy while focusing on risk prevention [3]

Group 1: Retail Strategy and Store Management - The company plans to implement tiered management for its department stores, targeting specific customer demographics such as high-net-worth individuals and young families [1][2] - New store concepts include flagship stores, family-oriented centers, cultural theme stores, and trendy social spaces aimed at Gen Z [1][2] Group 2: Supermarket Operations and Performance - In 2025, the company revamped 10 supermarket locations in Hefei, achieving sales increases of 35.98% at Feixi Baida store and 52.54% at Sifanglou store, with overall customer traffic rising by 26.89% [3] - The newly opened Gaoxin store generated sales of 78.6 million yuan, a 42% year-on-year increase, with customer traffic and average transaction value also improving [3] Group 3: Supply Chain and Private Label Development - In 2025, the company introduced 317 new brands and 5,630 new products while eliminating 6,945 old items, resulting in a total of 352 direct brands [4] - Sales from the core private labels increased by 93.21%, with 80 new SKUs added across various categories [4] Group 4: Home Appliance Sales and Market Trends - The company experienced a significant decline in home appliance sales in late 2025 due to policy changes, but a provincial subsidy introduced in December positively impacted sales [5] - Over 100,000 units were sold under the trade-in program, generating 509 million yuan in sales, with expectations for further growth in 2026 [5] Group 5: Logistics and Distribution - The Feixi Logistics Park, operational since September 2024, has attracted over 300 merchants and achieved a transaction volume of 6.347 billion yuan in 2025 [7] Group 6: Investment and Fund Management - The company has invested in several venture capital funds, contributing a total of 232.5 million yuan, with investments in various technology companies [9]

Group 1: Company Performance and Market Growth - The main reasons for the company's performance growth are the rapid expansion of the electric vehicle market and deep partnerships with major manufacturers, including NIO, Xiaomi, and Renault, leading to a doubling of overall performance by 2025 [1] - The company has successfully established a diversified customer base, covering traditional automotive brands and new energy vehicle manufacturers in both domestic and international markets [1][2] Group 2: Customer Base and Future Expansion Plans - Current major domestic clients include GAC, NIO, Great Wall, Xiaomi, XPeng, and others, while international collaborations are ongoing with Renault and Stellantis, with production expected to start in 2026 [2] - The company aims to leverage strategic opportunities in the industry to enhance its international presence and actively pursue new clients and projects to increase global market share [2] Group 3: Overseas Business Development - Overseas business is a key growth factor, with revenue from international operations exceeding 17% in the first half of 2025, and ongoing R&D for other international projects [2] - The company plans to deepen cooperation with leading clients and expand its international customer base, expecting continued positive contributions from overseas operations [2] Group 4: V2G Business Development - The V2G (Vehicle-to-Grid) business is developing in regions with mature electricity markets and evolving regulatory frameworks, with expectations for significant support to grid stability and optimization as electric vehicle ownership increases [2] Group 5: Financing Projects - The company is actively advancing its refinancing projects, having recently completed and submitted responses for the second round of review inquiries, and will fulfill disclosure obligations as per regulatory requirements [2]

Group 1: Company Overview - The company, established in 2003, specializes in the R&D, production, and sales of differentiated, functional biaxially oriented polyethylene terephthalate (BOPET) films [1] - Main products include colored optoelectronic base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [1] - The company aims to expand its product range and application fields while exploring new materials, particularly in high-performance carbon fiber [1] Group 2: Industry Challenges - The impact of internal competition in the BOPET film industry is being addressed through a steady price adjustment strategy, focusing on differentiated and functional film products to enhance added value [2] - The company is avoiding low-end film price competition to maintain its competitive edge [2] Group 3: Carbon Fiber Project - The carbon fiber project is progressing with preparations for trial production in the spinning phase, adhering to legal and regulatory requirements for information disclosure [2] - The acquisition aims to enhance the vertical integration of the carbon fiber supply chain and improve business synergy, leveraging the target company's established market channels and customer resources [2] - Due diligence, auditing, and evaluation of the target company are set to commence soon [2]

证券代码：301257 证券简称：普蕊斯 普蕊斯（上海）医药科技开发股份有限公司 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 汇添富基金 华夏基金 万家基金 信达澳亚基金 慎知资产 人保养老 建投基金 华泰保兴基金 太平洋保险 财通资管 农银汇理 中邮证券 华泰证券 华创证券 东方证券 国联民生证券 招商证券共 17 家机构 20 人 时间 2026 年 1 月 6 日、2026 年 1 月 9 日、2026 年 1 月 12 日—2026 年 1 月 13 日、2026 年 1 月 16 日 地点 上海公司会议室 上市公司接 待人员姓名 董事会秘书 赖小龙 投资者关系 活动主要 内容介绍 一、介绍公司基本情况 普蕊斯是一家大数据驱动型临床研究服务商，始终秉持"以 患者为中心"的理念，通过将临床试验和医院实际场景进行解 构，创建出一套临床试验全流程项目管理体系，公司深耕临床试 验现场管理组织（SMO）业务，致力于为中国临床试验执行提 质增效，助力新药更快惠及患 ...

Group 1: Company Overview - The company, Hengxin Life Technology Co., Ltd., is involved in the production of biodegradable materials and has a comprehensive processing capability combining paper and plastic products [2][4]. - The company reported a revenue of approximately CNY 1.384 billion for the first three quarters of 2025, representing a year-on-year growth of 19.49%, and a net profit of approximately CNY 185 million, up 14.12% year-on-year [5][6]. Group 2: Policy and Market Trends - The domestic plastic ban policy has evolved from "limited plastic" to "banned plastic," with increasing enforcement and a focus on comprehensive and detailed governance [3]. - The European Bioplastics Association has updated its certification scheme for industrial compostable materials, effective January 2026, which includes stricter requirements for organic content [3]. Group 3: Product Development and Production Capacity - The company has developed the capability to produce PHA products, which are gaining commercial traction and can be industrially composted, home composted, and marine biodegradable [3]. - The Thailand factory began regular production in April 2025, focusing on U.S. market orders and is currently ramping up capacity [4]. Group 4: Competitive Advantages - The company possesses a full-process production capability, a diverse product range, and strong customer resources, which contribute to its competitive edge in the biodegradable product market [5]. - The company has received international compost certification for its biodegradable products, enhancing its market recognition and competitiveness [5]. Group 5: Future Growth Drivers - Future growth is expected to stem from advancements in biodegradable technology, increasing sales driven by the plastic ban policies, and the gradual release of production capacity [6]. - The company is focusing on new product development and expanding its customer base in sectors such as coffee, tea, and supermarkets [6].

Group 1: Company Overview and Market Position - Shenzhen Ruiling Industrial Group Co., Ltd. is actively involved in the welding equipment industry, focusing on innovation and technology development [1][2]. - The company has a strong brand presence with products like Ruiling and Ruilong, achieving high recognition and reputation in the market [3]. - The domestic market includes nearly 400 first-level distributors and over 2000 second-level distributors, while there are more than 100 distributors in over 60 countries globally [3][4]. Group 2: Product and Technology Advantages - The company emphasizes autonomous innovation, having developed the first domestic inverter field-effect tube manual arc welding machine in 1987 [2][3]. - Products are designed with a focus on quality assurance and cost control, resulting in high reliability and low failure rates compared to industry averages [3]. - The company has integrated digital welding machine chips into its products, enhancing performance and reducing costs [11]. Group 3: Sales and Marketing Strategies - The sales model primarily relies on a distributor system, complemented by digital marketing strategies on platforms like Douyin and Kuaishou [4]. - The company is expanding its product range to cover all categories of welding products, including machines, accessories, and materials [4]. - Active participation in industry exhibitions and hosting distributor exchange meetings to enhance market visibility and brand promotion [4]. Group 4: Industry Applications and Growth Opportunities - The company's products are widely used in various sectors, including marine engineering, aerospace, and new energy vehicles, indicating a broad application scope [6][9]. - The company is closely following the "Belt and Road" initiative, with business operations extending to key countries involved in this strategy [5]. - There are ongoing efforts to explore strategic partnerships and acquisitions in areas like intelligent manufacturing and chip development to expand market opportunities [12]. Group 5: Future Developments and Investments - The company is constructing an intelligent manufacturing industrial park in Shunde, aimed at enhancing production capabilities and competitiveness [14]. - A consistent and proactive profit distribution policy has been in place since the company went public, ensuring returns for investors [13].

Group 1: Company Overview and Development - The company was established in 2017, originally named Dingxin Information Technology Co., Ltd., and rebranded in 2019 as Southern Power Grid Digital Grid Research Institute Co., Ltd. [2] - The company has integrated multiple digital-related businesses within Southern Power Grid and has established several subsidiaries, implementing a corporate middle platform strategy and prioritizing artificial intelligence [2] - Major digital technology platforms, including the Southern Grid Cloud Platform and Big Data Platform, have been constructed and upgraded since 2022 to accelerate the development of a new power system [2] Group 2: AI and Technology Development - The "Dawatt" AI model achieves 100% full-stack domestic control of software and hardware, providing specialized services in power knowledge retrieval, defect detection, power scheduling, and grid planning [3] - The Fuxi series chips are dedicated control chips for the power industry, utilizing a fully domestic instruction set and achieving a power consumption of less than 1.71W [3] - Current applications of the Fuxi chip include distribution automation terminals and low-voltage intelligent switches, with plans to expand into smart terminals and low-voltage communication [3] Group 3: Investment Projects and Expected Outcomes - Six major investment projects are expected to be completed within three years, focusing on digital twin platforms, intelligent IoT systems, and advanced AI applications [4] - The projects aim to enhance market scale, product capabilities, and establish a cloud service platform capable of processing real-time data from millions of energy devices [4][5] Group 4: Competitive Strategies and Talent Management - The company aims to lead in digital transformation by aligning core technologies with industry trends, focusing on digital twin and autonomous controllability [5] - A comprehensive talent recruitment mechanism is in place, collaborating with universities and research institutions to attract high-level talent, particularly in chip and AI model fields [5][6] - Employee training programs are regularly conducted to enhance professional skills, and a competitive compensation system is established to motivate R&D personnel [6]

Group 1: Company Strategy - The company's current strategic direction is driven by a "full-package strategy + CVC ecological investment" model, aiming to strengthen its full-chain service capabilities from PCC to IND to NDA while expanding service coverage and technical depth [2] - The company has participated in projects such as the Shenzhen Luohu Donghai Wisdom Pharmaceutical Industry Investment Fund, leveraging its "chain master" role to integrate industry resources and achieve win-win development [3] Group 2: Customer Structure - The customer base is diverse, including multinational pharmaceutical companies (MNCs), biotech firms, and research institutions, with mid-sized biotech companies and MNCs forming the core customer group [4] - These key customers are characterized by stable development, ample funding, and controllable project advancement, providing a solid foundation for the company's ongoing business growth [4] Group 3: AI Technology Integration - The company has over 20 years of R&D experience, utilizing AI technology to enhance research efficiency, shorten development cycles, and reduce the number of candidate compounds, thereby lowering overall R&D costs [4] - A systematic approach is being taken to build a "scientific research intelligent hub platform," improving efficiency in daily operations and applying AI in critical areas such as antibody discovery and drug property prediction [5] Group 4: Nucleic Acid Field Development - The company has established a comprehensive innovative platform covering large and small nucleic acids, with a complete technical system that includes chemical modifications and innovative monomers [6] - Collaborations with companies like Saint Nor Pharmaceutical and Haiyou Biology have been initiated to strengthen capabilities in the nucleic acid sector [7] Group 5: Performance Goals - The three-year stock incentive performance targets have a gradually increasing range due to the initial phase of strategic execution, focusing on overcoming current challenges and key tasks such as the CVC industry fund layout for 2024-2025 [7] - The strategic effects are expected to gradually manifest from 2026 to 2027, leading to an accelerated release cycle of full-package orders, hence the broader performance target range [7]