Group 1: Financial Performance - The company achieved a total operating revenue of RMB 194,100.37 million in the first three quarters of 2025, representing a year-on-year growth of 14.63% [2] - The net profit attributable to shareholders of the listed company was RMB 15,345.82 million, with a year-on-year increase of 5.14% [2] Group 2: Engineering Business Orders - New signed orders for engineering consulting and general contracting amounted to approximately RMB 101,959.64 million from January to September 2025 [3] - As of September 30, 2025, the total amount of signed but uncompleted orders in the engineering business was RMB 164,104.14 million, indicating a robust order backlog [3] Group 3: Coal Chemical Projects - The company has undertaken several representative projects in the coal chemical sector, including sulfur recovery design and technical services for major clients such as Shenhua Yulin and Ningxia Baofeng [4][5][6] - New projects since 2025 include the procurement of complete sets of low-methane refrigeration compressors for a coal-to-natural gas project and sulfur recovery technology services for various coal chemical projects [5][6] Group 4: Chemical Production Capacity - The company is a leading domestic producer of various chemical products, with annual production capacities of 170,000 tons for aldehydes, 260,000 tons for alcohols, 30,000 tons for acids, and 100,000 tons for esters [7] - The products are widely used across multiple industries, including pharmaceuticals, pesticides, and coatings, showcasing the company's diverse application range [7] Group 5: Shareholder Returns - Since its listing in 2010, the company has distributed a cumulative cash dividend of RMB 129,076.35 million (including tax), reflecting its commitment to shareholder returns [9] - The company aims to enhance investment value through strategic measures that align with its operational status and market performance [9] Group 6: Future Expansion Plans - The company currently has ample cash reserves and a low debt ratio, which supports its business development needs [10] - Plans for future expansion include optimizing production efficiency and exploring opportunities for external growth while maintaining cautious decision-making [10]

Group 1: Financial Performance - The company achieved a revenue of 1.641 billion CNY in the first three quarters of 2025, a slight increase of 4.72% year-on-year [3] - The net profit attributable to shareholders was 32.0653 million CNY, a decrease of 2.81% year-on-year, while the net profit after deducting non-recurring gains and losses was 30.5192 million CNY, an increase of 37.64% year-on-year [3] Group 2: Product and Market Position - The company has successfully validated its high-gloss shell HIPS specialized materials with major appliance manufacturers like Midea and Changhong, leading to continued bulk supply in 2025 [3] - The company is among the first in China to adopt the GPPS "1+4" and HIPS "2+4" reaction kettle configuration, enhancing the stability and control of the polymerization process [4] Group 3: Competitive Advantages - The company maintains a low level of unreacted styrene in PS resin, making its products suitable for high sanitary requirements in food and medical fields [4] - The company has established strong customer loyalty due to high switching costs for raw materials, particularly in GPPS and HIPS specialized materials [4] - As of mid-2025, the company has obtained 13 core product formulas, including 2 invention patents and 9 utility model patents, showcasing its unique product formulation and continuous process improvement capabilities [4] Group 4: Customer Relationships - The company's major customers include well-known appliance and lighting companies, with no risk of customer concentration decline or dependency on a single client [4]

Group 1: Company Overview - Founded in 1995, the company started with small modulus spiral bevel gears and achieved import substitution, exporting to Germany, Japan, and the USA [2][3] - Established long-term partnerships with global enterprises like Bosch, Stanley, Makita, and Siemens since 1998, enhancing technology and business capabilities [3] Group 2: Business Expansion - Expanded product range from bevel gears to include cylindrical gears, powder gears, and precision machinery components between 2013 and 2015 [3] - Launched an IPO on December 15, 2022, raising funds primarily for robotics and new energy vehicle sectors, with plans to develop new customers and products in 2023 and 2024 [3] Group 3: New Business Areas - Robotics: Developed products such as harmonic reducers and planetary reducers for various robotic applications, serving clients including major automotive and tech companies [3] - Automotive: Focused on three main areas: gears for fuel and electric vehicle transmissions, smart drive components, and differential products for vehicle balance [3] - Marine Economy: Developed spiral bevel gears for outboard motors, targeting quality standards comparable to Yamaha [3] - Low-altitude Economy: Created reducers for flying cars, specifically for vertical take-off and landing mechanisms [3] Group 4: Subsidiary Information - Shenzhen Fengli Intelligent Robot Technology Co., Ltd., a wholly-owned subsidiary established in August 2025 with a registered capital of 50 million yuan, focuses on R&D of industrial and intelligent robots [3]

Group 1: Financial Performance - The company's gross profit margin for the first three quarters of the year is 69.72%, up from 68.16% in the same period last year [3] - The net profit of the subsidiary companies, Dongneng and Kangyi Chuang, for the first three quarters is -18.67 million, with a year-on-year loss reduction of approximately 15% [2] - The company's monetary funds have decreased by 28.17% year-on-year due to a reduction in borrowing scale [3] Group 2: Investment and Expansion Plans - The company is currently working on the expansion project of the Dongshen Expressway, with the goal of extending the toll collection period beyond June 30, 2027 [2] - The company has acquired a 27.1% stake in Dongguan Securities, with investment income expected to be recognized from July 2025 [3] - The capital structure for the Dongshen Expressway expansion project is planned to be 25% from company funds and 75% from bank loans [3] Group 3: Stakeholder Engagement - As of November 20, 2025, the number of shareholders is 25,336 [2] - The company held an online performance briefing on November 21, 2025, to engage with investors [2]

Group 1: Company Overview - The main business of Suzhou Hailu Heavy Industry Co., Ltd. remains unchanged, focusing on the manufacturing and sales of industrial waste heat boilers, large and special material pressure vessels, and nuclear safety equipment [1] - The company also provides environmental comprehensive governance services for solid waste and wastewater treatment and recycling, as well as photovoltaic power station operations [1] Group 2: Nuclear Power Business - The company supplies nuclear power equipment for various reactor types, including Generation II+, Generation III (Hualong One, Guohe One, AP1000, VVER, EPR), Generation IV (high-temperature gas-cooled reactors, sodium-cooled fast reactors, thorium molten salt reactors), and thermonuclear fusion reactors [1] - The nuclear safety equipment includes a wide range of components such as injection tanks, internal component lifting baskets, spent fuel coolers, and emergency water supply tanks, contributing to domestic nuclear power construction [2] - The ongoing investment in new Generation IV nuclear power equipment projects is progressing normally, which will effectively meet the manufacturing capacity demand for nuclear power upon production [2] Group 3: Future Strategic Planning - The company plans to deepen its core business while increasing efforts in technological innovation and management, enhancing management and cost control, and optimizing resource allocation to improve profitability and market competitiveness [2]

依米康科技集团股份有限公司投资者关系活动记录表 编号：20251125 | 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 | 华鑫证券 何鹏程 | | 人员姓名 | 华鑫证券 石俊烨 | | | 华鑫证券 张璐 | | 时间 | 年 月 日 （周二） 下午 2025 11 25 15:30~16:30 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书 叶静 | | 员姓名 | 产品市场副总裁 严瀚 | | | 证券事务代表 吴慧敏 | | | 1、公司 2025 年业绩扭亏为盈，经营策略和目标是什么？ | | | 答：公司紧随行业增长期，坚持聚焦信息数据领域。公司看 | | | 到 浪潮下带来的算力基础设施增长的需求，由此确立了聚焦 AI | | | 信息数据领域的战略规划，于 年完成对其他非相关多元化 2023 | | | 产业的剥离，集中资源深耕信息数据领域。202 ...

Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 3.854 billion CNY, representing a year-on-year growth of 9.01% [1] - The net profit, excluding non-recurring gains and losses, was 184 million CNY, with a year-on-year increase of 22.35% [1] - From July to September, the net profit attributable to shareholders decreased to 56.95 million CNY, primarily due to the absence of a 100 million CNY compensation received in the same period last year [1] Business Operations - The company’s hazardous waste resource utilization business focuses on recycling non-ferrous metals such as tin, copper, gold, silver, platinum, and palladium [2] - The company has a total production capacity of 358 MW, with 35 boilers and 23 turbines, and a steam evaporation capacity of 4,420 tons/hour [2] - The Hubei Yicheng cogeneration project involves an investment of approximately 385 million CNY, featuring two 100t/h high-temperature and high-pressure coal-fired circulating fluidized bed boilers and one 12 MW back-pressure unit [2] Market Strategy - Fluctuations in metal prices can impact the pricing of products and raw material costs; however, the company employs a pricing strategy to lock in profits and uses commodity futures for hedging against price volatility [2] - The company is committed to seeking investment opportunities both domestically and internationally while focusing on its core business [2] Dividend Policy - The company’s dividend policy stipulates that cash distributions over three years will not be less than 35% of the average distributable profit for those years [2] - Historically, the company has distributed cash dividends exceeding 50% of the annual net profit, with some years reaching 60-70% [2]

Group 1: Company Overview and Strategic Vision - Lixun Precision has maintained a principle of not making excuses for performance, focusing on resilience and long-term planning since its listing [2][3] - The company emphasizes balanced development across short, medium, and long-term goals, integrating internal growth with external acquisitions [2][3] - Lixun aims to become a trusted partner in the smart manufacturing sector, ensuring high-quality products for consumers [6][14] Group 2: Business Segments and Innovations - The company has established a leading position in multiple fields by focusing on foundational technologies and cross-disciplinary innovation [4][6] - Lixun's automotive business has developed four major segments: connectors, wiring harnesses, intelligent control, and power systems, with a comprehensive product lineup [14][15] - The AI computing segment has made significant breakthroughs, with the company likening its current stage to the consumer electronics business in 2016-2017 [3][6] Group 3: Market Position and Growth Potential - The global automotive connector market is approximately RMB 200 billion, with Lixun aiming to become the largest Chinese automotive connector manufacturer by 2027 [14][15] - The global automotive wiring harness market is around RMB 400 billion, with Lixun expected to become the largest Chinese automotive wiring harness manufacturer this year [15][16] - Lixun's goal is to achieve a 10% market share in the global chassis market, which is valued at approximately RMB 600 billion [17][19] Group 4: AI and Robotics Development - Lixun is committed to advancing AI and humanoid robotics, focusing on internal system applications and external product empowerment [20][21] - The company plans to produce 3,000 humanoid robots this year, with a fully automated production line expected to launch next year [22][30] - Lixun's strategy includes enhancing manufacturing efficiency through core components and industrial robots [30][31] Group 5: Challenges and Strategic Responses - The company has adapted to geopolitical challenges by shifting over 95% of its products for the U.S. market to overseas manufacturing [24][38] - Lixun is focused on maintaining competitive advantages in the copper cable sector while preparing for potential shifts to new technologies like NPO and CPO [25][26] - The company emphasizes the importance of differentiation in product offerings to establish long-term partnerships with new customer groups in the data center sector [27][28]

Group 1: Company Overview and Global Strategy - The company has established a manufacturing base in Thailand as a core part of its global expansion strategy, leveraging local advantages to enhance cost competitiveness and order delivery efficiency in Southeast Asia [1][2]. - The Thai subsidiary has developed a robust local operational system, including localized talent in production and quality management, ensuring efficient and compliant operations [2]. Group 2: Subsidiary Development and Market Position - Pucheng Electronics, a key subsidiary established in 2023, focuses on the PCBA sector, emphasizing its independent R&D capabilities and advanced production facilities [3]. - The subsidiary has built a comprehensive quality control system aligned with international standards, ensuring product reliability and stability [3]. Group 3: Growth Trends and Market Demand - There is a rising demand for intelligent and high-performance components in the global power tool market, with a strong growth outlook for the main business segment [4]. - The adaptability of PCBA technology across various fields presents opportunities for future growth, enhancing overall competitiveness and risk resilience [4]. Group 4: Investor Relations and Return Strategies - The company aims to create long-term value for investors through steady performance growth and sustainable profitability, forming a three-dimensional investor return system [4]. - A regular dividend policy has been established, with a capital reserve conversion and cash dividend plan implemented in June 2025, reflecting the company's commitment to sharing operational success with shareholders [4]. - The company is focused on optimizing governance structures to enhance decision-making transparency and actively listening to investor feedback to explore additional return methods [4][5].

Group 1: Company Overview - The company specializes in the research, design, production, and sales of paper printing and packaging products, offering innovative solutions and services to various industries including cosmetics, food, healthcare, and electronics [2][3] - Main products include folding cartons, gift boxes, color boxes, pulp molding, labels, promotional tools, paper bags, and flexible packaging [2] Group 2: Production Capacity and Layout - The company has established production bases in South China (Zhongshan), North China (Tianjin, Shenyang), East China (Kunshan, Pinghu), Southwest (Chengdu), and overseas (Vietnam) [2][3] - The overseas business is driven by major clients' capacity needs and includes some locally developed orders [3] Group 3: Market Expansion and Growth - Future business growth is expected to come from maintaining leadership in daily chemicals, food, healthcare, and consumer electronics, while also expanding into tobacco and liquor packaging, pulp molding, and exploring international markets [3][4] - The company aims to enhance its competitive edge through potential mergers and acquisitions, focusing on upstream and downstream collaboration [4][5] Group 4: Financial Performance and Dividends - The company emphasizes reasonable returns to investors, with cash dividends expected to increase annually from 2022 to 2024 [3][4] - The company is committed to sharing operational success with investors while ensuring normal operations and long-term development [3]