Group 1: Real Estate Operations - The company currently has two real estate projects for sale: Dongguan Qiaotou Diting Mountain Garden and Dongguan Nancheng Times International Yongya Terrace; the Jiangsu Kunshan Huqiao project is pending sale [2] - The rental income from real estate operations is projected to be approximately CNY 36.32 million for 2024 and CNY 17.15 million for the first half of 2025 [2] Group 2: Management and Shareholding - Directors and executives primarily acquired their shares through the company's 2017 restricted stock incentive plan; they have not sold any shares since the lifting of restrictions [2] - During their tenure, directors and executives are allowed to transfer no more than 25% of their shares each year [2] Group 3: Business Performance and Future Plans - The overall performance for 2025 is still under assessment, and any necessary performance forecasts will be announced by the end of January [3] - The company plans to enhance its recycling lead business, aiming for steady revenue growth while reducing costs and increasing efficiency [3] - The termination of a major asset restructuring plan was due to the inability to reach consensus on key terms such as transaction pricing [3] - The company's transformation direction is inclined towards projects that are supported by national policies, have a technological foundation, market potential, and suitable scale [3]

证券代码：002156 证券简称：通富微电 通富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 ☑ | 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 | 鹏扬基金：章宏帆；泰康资产：余思雨；申万菱信：徐巡；拾贝 | | 人员姓名 | 投资：王祥宇；鑫元基金：施欣彤；南方基金：葛树名、金岚枫； | | | 兴银基金：阮姝漫；道仁资产：李晓光；汇丰晋信：刘昱辰；汇 | | | 添富：钱晨润；长江证券：钟智铧；丹羿投资：朱亮 | | 时间 | 2026 年 1 月 16 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书 蒋澍 | | 员姓名 | | | | 一、公司概况 | | | 通富微电是集成电路封装测试服务提供商，为全球客户提供 | | | 从设计仿真到封装测试的一站式服务。公司的产品、技术、服务 | | | 全方位覆盖了人工智能、高性能计算、大数据存储、显示驱动、 ...

Group 1: Company Overview and Operations - The company has established biomass energy projects primarily operating under a combined heat and power model, with stable demand from downstream heating customers in food processing, paper, and pharmaceuticals [2] - The company is monitoring carbon emission trading policies, with an estimated potential of 150,000 tons of voluntary carbon reduction per year for a 35MW biomass project, based on pure power generation [2] Group 2: Future Plans and Investments - The company plans to increase investments in heating infrastructure for projects with high heating demand, aiming to boost heating revenue once projects stabilize [2] - There is a focus on attracting new users through targeted investment rules and collaboration with local governments, as well as exploring the industrialization of biomass material utilization [2] Group 3: Carbon Market Expectations - The company anticipates growth in the carbon reduction market as more high-energy and high-pollution industries are included, which will likely increase demand for carbon reduction [3] - The trading prices in the carbon reduction market are expected to fluctuate based on supply and demand dynamics, indicating significant development potential [3] Group 4: Risk Disclaimer - The information provided does not constitute a commitment or guarantee from the company or its management regarding industry forecasts or company development strategies, urging investors to make rational decisions and be aware of investment risks [3]

Group 1: Company Overview and Investor Relations - The company conducted investor relations activities including site visits and meetings with representatives from various financial institutions [2][3] - Key participants included representatives from institutions such as 富国基金 (Fidelity Fund), 广发证券 (Guotai Junan Securities), and 中再资产 (China Re Asset) [2] Group 2: Gas Turbine Sales and Performance - The company signed a $106 million contract for gas turbine generator sales, equivalent to approximately ¥742 million, aimed at North American data centers and industrial power supply [3] - The success in North America is attributed to product performance, business experience, delivery capability, and comprehensive service strength [3] Group 3: Supply Chain and Strategic Partnerships - The company has established long-term partnerships with major gas turbine manufacturers like Siemens and Kawasaki Heavy Industries, enhancing its global supply chain [3][4] - The focus is on building a diversified gas turbine supply system to improve supply chain resilience and provide integrated power solutions [3] Group 4: Future Business Outlook - The company aims to deepen its involvement in three key areas: data centers, industrial energy, and new power systems, through continuous technological innovation and product iteration [4] - Plans include developing integrated solutions covering power generation, distribution, and thermal management to enhance energy system safety and efficiency [4] Group 5: Oil and Gas Engineering Services - The company emphasizes selecting high-quality oil and gas engineering projects based on profitability and cash flow criteria [5] - Successful projects include collaborations with Kuwait Oil Company and various other significant EPC projects, enhancing market recognition [5] Group 6: Natural Gas Business Development - To support the growth of its natural gas equipment business, the company has established the杰瑞天然气工业园 (Jereh Natural Gas Industrial Park) and is expanding capacity through various measures [6] - The company is also focusing on talent recruitment and training to ensure efficient operations in research, design, and manufacturing [6] Group 7: Site Visit and Facility Overview - The site visit included an introduction to the geographical layout and functional planning of the industrial park, showcasing high-end equipment manufacturing and natural gas facilities [7] - Key equipment demonstrated included fracturing equipment, cementing equipment, and gas turbine generators, highlighting the company's technological capabilities [7]

Group 1: Resource Acquisition and Management - The company emphasizes the importance of mineral resource replacement and increasing reserves, with ongoing investments in geological research and exploration in existing mining areas [2][3] - As of December 2025, the company holds a 60% stake in Liangshan Mining after receiving approval from the China Securities Regulatory Commission for asset acquisition [3] - The company is actively considering overseas mineral resources while focusing on sustainable development and strategic alignment with market demands [4] Group 2: Copper Supply and Production - The copper concentrate self-sufficiency rate is currently at 4.54%, projected to increase to 5.47% following the acquisition of Liangshan Mining assets [5] - Liangshan Mining has significant copper resources, with approximately 779,700 tons of copper metal and an average grade of 1.16% [7] - The company has a diversified copper smelting base, enhancing production flexibility and cost competitiveness through continuous cost reduction and quality improvement measures [9] Group 3: Financial Management and Risk Mitigation - The company engages in hedging activities to manage risks associated with raw material prices and foreign exchange fluctuations, achieving effective risk control and stable operations [11] - Sulfuric acid, a byproduct of copper smelting, has seen high sales prices due to strong downstream demand and tight international supply, contributing positively to the company's performance [10]

Group 1: Company Overview and Business Growth - The company maintains steady growth, with significant achievements in traditional business overseas expansion, rapid growth in HRSG business, and the oil and gas composite pipe business poised for development [1] - The company has established a production capacity of 12 HRSG production lines in Vietnam, with 4 lines already at full capacity and 8 lines under construction, expected to be operational in 2026 [3] - The new production base in Vietnam has begun to take shape, with plans for the Daou production base to commence operations this year [1][2] Group 2: Market Demand and Pricing Strategy - The demand for HRSG is increasing due to structural growth in U.S. electricity demand, driven by the expansion of AI data centers and the return of manufacturing [3] - The pricing of HRSG products will be adjusted based on market supply and demand, with recent orders reflecting price increases compared to earlier contracts [4] Group 3: North American Market Entry - To enter the North American HRSG market, the company must obtain certifications from the American Society of Mechanical Engineers and pass the production system certifications of major manufacturers [6] - The company has already secured ASME certification and is in the process of obtaining additional certifications from potential clients [6] Group 4: Project Management and Coordination - The company employs a project manager responsible system to oversee project execution, ensuring coordination among various departments to meet client requirements [6] - The management team has extensive industry experience, enabling the company to handle large-scale projects effectively [6] Group 5: Production Coordination and Quality Control - Resource allocation for orders is managed centrally by the headquarters, which coordinates production across different bases to optimize costs and meet client demands [7] - The company implements standardized time management and process-oriented manufacturing to ensure product quality and timely delivery [7]

Group 1: Event Overview - The investor relations activity took place on January 15, 2026, at the company headquarters [1] - Participants included representatives from seven institutions, such as Great Wall Securities and Northeast Securities [1] Group 2: Activities Conducted - The event featured a tour of the company exhibition hall and the Zhenbao Museum [1] - Attendees visited the Chaohongji jewelry stores and the "Zhen" experience center [1] Group 3: Q&A Session Highlights - Discussions covered topics such as company performance forecasts, store openings, overseas store situations, product structure changes, new product planning, e-commerce business, and women's bag business [1] - The communication adhered to regulations, ensuring no significant undisclosed information was leaked [1]

投资者关系活动记录表 证券代码：002254 证券简称：泰和新材 泰和新材集团股份有限公司 投资者关系活动记录表 编号：2026-038-042 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 上银基金 李星仪 长江证券 魏邈 光大保德信基金 岳子瞳 盈游天下投资 李子轩 国海证券 陈云 时间 2026 年 1 月 16 日 地点 公司会议室 上市公司接待人 员 董事会秘书董旭海、董事会办公室人员 投资者关系活动 主要内容介绍 投资者：芳纶现在的价格比较稳定？ 答：现在是比较低的位置。短期来看还看不到往上走的迹象； 往下的话，大家现在卷成这样，再往下空间也不大。 投资者：间位和对位的价格？ 答：对位略高，间位低一些。 投资者：芳纶的量有增长吗？ 答：稍微有些增长。 投资者：芳纶的增长主要是哪块贡献的？ 答：如果看应用领域，像纤维的应用领域，增幅看着很强劲 的不多，主要是芳纶纸的下游。 投资者：芳纶纸的下游主要？ 1 投资者关系活动记录表 | 答：绝缘领域像变压器，包括新能源的电机，这块增幅比较 | | --- ...

Group 1: Company Overview - The company operates four business divisions, starting with spandex, which was first produced in 1989, making it the first domestic producer of spandex in China [2][3] - The company has developed various products, including meta-aramid and para-aramid fibers, with the former launched in 2004 and the latter in 2011, establishing itself as the first domestic producer of these products [2][3] Group 2: Product Applications - Spandex is primarily used in textiles and apparel, while meta-aramid is known for its flame retardant, high-temperature resistance, and insulation properties [3] - Para-aramid is utilized in high-strength applications such as optical cables and protective gear, including firefighting suits and industrial protective clothing [3] Group 3: Business Development and Innovations - The company is enhancing its chemical sector by supplying raw materials for aramid production, with projects for aniline and acyl chloride currently in the design phase [3] - Innovations in advanced textiles include green dyeing, digital printing, and fabric recycling to strengthen ties with downstream customers [3] Group 4: Financial Performance and Challenges - The spandex sector has faced profitability challenges, but recent improvements in quality and pricing have been noted, with a focus on technical upgrades to enhance efficiency [4] - The company aims to improve accounts receivable management, which has seen rapid growth, and plans to focus on this area in 2025 [5] Group 5: International Expansion - Overseas revenue accounts for over 20% of total income, with plans for internationalization including localizing sales and hiring local staff in key markets [5][6] - The company is considering investments to gradually expand its international presence, focusing on proximity to end-users [5] Group 6: Subsidiary Performance - Two key subsidiaries, focusing on aramid paper and deep processing, are performing well, with a management style based on delegation [6] - The aramid paper is used in electrical insulation and aerospace applications, while the other subsidiary produces aramid pulp and woven fabrics [6] Group 7: ESG and Future Outlook - The company adheres to national laws regarding safety, environmental protection, and labor practices, promoting products that align with social development goals [6] - There is a possibility of acquiring upstream or downstream enterprises to enhance business synergy [6]

Group 1: Company Overview - The company specializes in the research, production, and sales of IoT intelligent products, focusing on communication, positioning, and AI technologies [1] - It aims to become a global expert in IoT intelligent application solutions, adhering to the mission of "empowering everything with wisdom" [1] - In 2024, the company achieved a revenue of CNY 1.402 billion, a year-on-year increase of 24.85%, and a net profit of CNY 176 million, an increase of 0.81% [1] Group 2: Business Growth and Strategy - The company is expanding its overseas market for smart vehicle terminals, with a steady increase in overseas customer numbers and successful entry into a foreign automotive brand's supplier system [2] - The commercial vehicle monitoring terminal market is expected to grow due to increasing safety regulations and technological advancements, with a shift towards intelligent video recording devices [2] - The smart travel component business saw significant growth, achieving revenue of CNY 229 million in the first half of 2025, a 39.26% increase year-on-year [3] Group 3: Market Trends and Opportunities - The domestic market for smart sleep terminals is expanding, driven by a growing demand for sleep health solutions, with 26% of people sleeping less than 6 hours and 65% experiencing weekly sleep disturbances [4] - The sleep economy market is expected to continue growing, providing ample opportunities for the company's smart sleep terminal products [4]