Group 1: Market Trends and Supply Chain - The company is the second largest independent memory manufacturer globally and the largest in China, establishing long-term direct cooperation with major memory wafer suppliers through Long-Term Supply Agreements (LTA) and Memorandums of Understanding (MOU) to ensure stable supply of memory wafers [3] - AI technology is driving a surge in storage capacity demand, coupled with tight supply of high-capacity HDDs, leading cloud service providers to shift towards NAND Flash, which is expected to see explosive demand [2] Group 2: Pricing and Sales Strategy - The company determines product sales prices based on industry practices and customer characteristics, using framework agreements and order fulfillment, with prices dynamically adjusted according to market conditions [4] Group 3: Product Development and Performance - As of the end of Q3, the company has deployed over 100 million self-developed main control chips, which utilize advanced foundry processes and proprietary algorithms, leading to significant performance and power consumption advantages [5] - The enterprise storage business is experiencing rapid growth, supported by collaborations with major clients in telecommunications, internet companies, and server manufacturers, with the company ranking third in total capacity for enterprise SATA SSDs in China as of H1 2025, and first among domestic brands [6] Group 4: UFS4.1 Product Commercialization - The company is among a few globally capable of developing UFS4.1 products at the chip level, with its UFS4.1 products recognized for superior process, read/write speed, and stability, accelerating the adoption process with major Tier 1 clients [7]

编号：2025-018 | 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-策略会 | | | 参与单位名称及 | 1、银河证券-郝帅、艾菲拉 | | | 人员姓名 | 2、黄河财险-栾合振 | | | | 3、金圆统一证券-蔡宏宇 | | | | 4、天风证券-龚理 | | | | 5、华夏基金-谢弘涵 | | | 时间 | 2025 年 11 月 27 日 | | | 地点 | 北京威斯汀酒店、北京中国大饭店 | | | 上市公司接待人 | 副总经理、董事会秘书：程琳娜 | | | 员姓名 | | | | | 公司接待人员就与会人员提出的以下问题进行了逐一解 | | | | 答： | | | | 1、今年第四季度截止到现在的销售情况如何。 | | | | 秋冬季节对于公司来说是销售旺季，公司秋冬季产品在同 | | | | 类产品的市场中比较有竞争力，从终端销售口径来看目前公司 各品牌、各渠道销售情况好于预期。并且公司旗下暇步 ...

2.超市自有品牌发展情况？ 答：2024 年以来，公司旗下合家福超市发力自有品牌、自 有商品建设，形成了"合家鲜""柔小百""佳小百"等 自有品牌矩阵，涵盖日化、饮料果汁、五谷杂粮、生鲜等 多个品类，截至 2025 年 11 月，合家福自有品牌单品数达 到 476 个，销售逾 4000 万元，同比增长 92%。 3.今年以来安徽地区以旧换新政策的延续情况？公司电 器门店销售的变化如何？ 回复：今年下半年以来，国补政策出现了部分调整，对电 器业态线下门店销售带来了一定程度的影响。但是安徽省 将于 2025 年 11 月 21 日启动新一轮消费补贴发放，覆盖 汽车、家电、数码产品三大类，核心补贴类别及标准（政 策有效期至 2025 年 12 月 31 日）：其中家电补贴：对个 人消费者购买电视机、冰箱、空调（含取暖器）、电脑（含 显示器）、洗衣机、扫地机器人、家用灶具（含吸油烟机）、 热水器等 8 类家电产品，给予不超过产品销售价格 10%的 补贴，最高不超过 1000 元。数码产品补贴：对个人消费 者购买手机、平板（含学习机）、智能手表（手环）等 3 类数码产品，给予不超过产品销售价格 10%的补贴，最高 不超 ...

Group 1: Investment Strategy and Business Focus - The company emphasizes a dual-driven business model combining proprietary investment and client services, enhancing asset allocation efficiency across various asset classes including domestic and international stocks, bonds, and commodities [2][5]. - The proprietary investment business aims to diversify profit models, focusing on dividend, value, and growth investment strategies while expanding non-directional investment areas [2][3]. - Future business focus includes wealth management transformation, targeting small and medium-sized innovative enterprises, and enhancing comprehensive service capabilities through agile teams [4][6]. Group 2: Asset Management and Product Development - The asset management business is centered around fixed income products, with a continuous expansion of product lines including quantitative, derivative, and fund of funds (FOF) products to meet diverse investor needs [8]. - The company aims to strengthen its investment banking services by focusing on small and medium-sized innovative enterprises, maintaining a top 10 position in the North Exchange [9]. Group 3: Corporate Governance and Shareholder Relations - The major shareholder's equity transfer is actively progressing, with ongoing communication with government and regulatory bodies [7]. - The company does not set direct performance indicators for management but emphasizes market competitiveness and compliance risk management in evaluations [11]. - A robust market-oriented mechanism for talent acquisition is in place, particularly in high-market areas like investment banking and IT, while also nurturing internal talent [10]. Group 4: International Expansion and Market Positioning - The company is preparing to establish a subsidiary in Hong Kong to capitalize on the integration of mainland and Hong Kong markets, having completed preliminary research and board approval [11]. - The company prioritizes enhancing its market value management capabilities as a key focus for 2025, implementing a comprehensive value management mechanism [11].

Company Overview - Yunnan Energy Investment Co., Ltd. is a state-owned listed company controlled by Yunnan Provincial State-owned Assets Supervision and Administration Commission [1] - The company focuses on "green energy" and traditional salt industry, actively developing wind and solar energy in response to national "dual carbon" strategy [1][2] - As of Q3 2025, the company sold 25.44 billion kWh of renewable energy, saving 207,000 tons of standard coal and reducing CO2 emissions by 538,200 tons [2] Installed Capacity and Future Plans - As of October 2025, the total installed capacity reached 2.257 million kW, with wind power accounting for 92% and solar power for 8% [2] - The company has approximately 500,000 kW of projects under construction and another 500,000 kW in planning, expected to be operational in Q4 2025 and Q1 2026 [2] Investment Costs - Investment costs for wind energy projects range from 5,000 to 6,000 CNY per kW, while solar projects range from 3,500 to 4,000 CNY per kW [3] Market Mechanism and Pricing - Yunnan's electricity market mechanism allows all renewable energy to enter the market, with prices determined through market transactions [4] - The competitive bidding results for renewable energy projects showed a wind power price of 0.332 CNY/kWh and solar power price of 0.33 CNY/kWh [5] Air Compression Storage Project - The 350 MW air compression storage project has a total investment of 1.872 billion CNY and is expected to generate revenue through a market-based model [6] Dividend Policy - The company plans to distribute 45.01% of its net profit as cash dividends for the fiscal year 2024, with a minimum of 30% of distributable profits allocated annually from 2025 to 2027 [6]

二、请介绍下公司金刚石热沉片的情况？ 金刚石具有禁带宽大、击穿场强高、热导率高等优点，可用于光 学窗口、芯片热沉、半导体及功率器件等领域。公司是国内设备规模 优势明显的 CVD 金刚石厂商，拥有自主知识产权的 MPCVD 合成及 加工设备技术和 CVD 金刚石生长工艺技术，目前已具备批量制备大 尺寸（12 英寸）金刚石衬底及薄膜的相关生产能力。 三、请介绍下公司目前 PCD 微钻的情况？ 河南四方达超硬材料股份有限公司 投资者关系活动记录表 编号：2025-008 | | 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 □一对一沟通 | | | □其他（电话会议） | | 参与单位名称及 | 国泰海通证券 赵靖博 | | 人员姓名 | 国泰基金 刘刚 陈雨杨 | | | 亘曦资产 李学来 | | 时间 | 2025 年 11 月 27 日上午 10:30-12:00 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事兼总经理 高华 | | 员 | 董事会秘书兼财务总 ...

Group 1: Company Overview and Product Lines - The company specializes in the R&D, manufacturing, sales, and maintenance of mid-to-high-end CNC machine tools, robots, and core components for new energy vehicles, recognized as a national high-tech enterprise [2][3] - Product offerings include CNC machine tool components such as spindles, rotary tables, linear motors, CNC systems, and encoders; robot components like harmonic reducers, DD motors, low-voltage servo drives, and torque sensors; and new energy vehicle components such as hydrogen fuel cell compressors [2][3] Group 2: Financial Performance - As of Q3 2025, spindle product sales reached 758 million CNY, a year-on-year increase of 30.32%, accounting for 66.31% of the main business revenue [2][3] - Sales revenue for functional components like rotary tables and reducers was 168.34 million CNY, up 15.69% year-on-year, representing 14.73% of total revenue [4] Group 3: Strategic Initiatives and Investments - The company has initiated a phased equipment procurement plan to enhance delivery capabilities and support future growth due to a significant increase in orders [3] - A joint venture, Hunan Haozhi Transmission Machinery Co., Ltd., was established to focus on linear guides and related components, with an investment of 232.26 million CNY [3][6] Group 4: Robotics and Technology Development - The company has developed a "N+1+3" structure in the robotics sector, focusing on core components and applications in various business scenarios [3] - Significant breakthroughs in harmonic reducer technology have been achieved, with precision improved by 66.7% and vibration control enhanced by 60% compared to international standards [5] Group 5: Market Expansion and Sales Strategy - The company actively participates in professional exhibitions and utilizes proactive marketing to enhance brand influence and attract customers [10] - The acquisition of Infranor Group has facilitated significant synergies in product technology and sales, expanding the company's international market presence [8][9] Group 6: Risks and Cautions - The core functional components of the robotics business currently have low sales revenue and are not expected to significantly impact overall performance [5] - Investors are advised to exercise caution regarding investment risks associated with the company's operations and market conditions [5]

Group 1: Company Overview and Strategy - The company is currently experiencing good production and operational conditions, with ongoing optimization of domestic and international capacity and customer structure [1] - Future strategies focus on green low-carbon development, international expansion, technological innovation, and risk management [1] - The company aims to enhance its anti-risk capabilities through a "localized R&D + regional production + global marketing" model [2] Group 2: 3D Printing Business - The company has established stable partnerships with leading 3D printing enterprises, aiming to cover multiple application scenarios [2] - Future plans include accelerating the construction and capacity ramp-up of 3D printing consumables production lines to achieve significant improvements in scale and delivery capabilities [2] - The primary sales region for 3D printing consumables is currently North America, with plans to expand into new market areas [2] Group 3: Product Development and Market Share - The company is focused on biodegradable materials, plant fiber products, and innovative applications of environmentally friendly materials [3] - Continuous investment in new technologies, materials, and processes is aimed at maintaining a technological edge and optimizing products and services based on market feedback [2] - The company is actively developing high-potential emerging products, including 3D printing filaments [3] Group 4: Profitability and Cost Management - There is a noticeable difference in gross margins between China and Thailand, influenced by local procurement costs, production efficiency, and logistics [3] - Measures to improve the profitability of the Thailand production base include enhancing supply chain construction and smart manufacturing levels [3] Group 5: Customer Relationship Management - In the domestic market, the company is deepening collaborations with leading food and beverage enterprises to enhance customer loyalty and service [3] - Internationally, the company is accelerating its globalization efforts by establishing business offices in multiple countries to reduce trade risks and enhance competitiveness [3]

证券代码： 002443 证券简称：金洲管道 浙江金洲管道科技股份有限公司投资者关系活动记录表 编号：2025-007 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 中邮证券：刘 卓 时间 2025 年 11 月 26 日 下午 1：30—15：30 地点 浙江省湖州市吴兴区八里店区府南路 388 号二楼会议室 上市公司接待 人员姓名 副董事长、总经理：沈淦荣 董事会秘书：薛俊 投资者关系活 动主要内容介 绍 1、请介绍一下公司的基本情况。 回复：公司主导产品有热浸镀锌钢管、高频焊管、钢塑复合管材管件、 不锈钢管材管件、大口径卷制埋弧焊钢管、螺旋缝双面埋弧焊钢管、直 缝埋弧焊钢管、直缝高频电阻焊钢管、FBE/2PE/3PE 防腐钢管等系列， 产品广泛应用于给水、排水、消防、燃气、石油天然气输送、化工、建 筑、通讯、特高压电力铁塔等领域。公司始终坚持做好管道产品，经营 情况稳健，相对行业平均水平总体运行良好，目前公司财务状况优良， 负债率低，资金宽裕。 2、请对公司前三季度的经营情况做个简要分 ...

证券代码：002627 证券简称：三峡旅游 湖北三峡旅游集团股份有限公司投资者关系活动记录表 编号：2025-08 | | □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 | | | | （电话会议） √其他 | | | | 国海证券 | 芦冠宇、叶思嘉、贺君宜 | | | 光大保德信基金 谢东 | | | | 鹏华基金 陈金伟、王心璐 | | | | 华夏基金 艾邦妮 | | | | 方正证券 李珍妮、王雪尼 | | | | 招商基金 姜春曦、曾子潇 | | | | 东方基金 邵子馨 | | | | 安信基金 林乐天 | | | | 汇丰晋信 杨明芬 | | | 参与单位名称及 | 太平养老 高瑜 | | | 人员姓名 | 招商信诺 钱旖昕 | | | | 复胜资产 张晓珊 | | | | 万纳基金 杨君弈 | | | | 国金证券 于健、谷亦清 | | | | 国泰基金 智健 | | | | 申万菱信基金 黄书瀚 | | | | 睿亿资产 孙世钰 | ...