Group 1: PCB Business Performance - In the first half of 2025, PCB business achieved a revenue of 6.274 billion CNY, a year-on-year increase of 29.21% [2] - The gross profit margin for PCB business was 34.42%, an increase of 3.05 percentage points year-on-year [2] - Key growth drivers included demand for AI accelerator cards, increased demand for 400G and above high-speed switches, and growth in automotive electronics [2][4] Group 2: Packaging Substrate Business Performance - In the first half of 2025, the packaging substrate business generated a revenue of 1.740 billion CNY, a year-on-year increase of 9.03% [3] - The gross profit margin for this segment was 15.15%, a decrease of 10.31 percentage points year-on-year [3] - The decline in gross profit margin was attributed to the ramp-up phase of the Guangzhou packaging substrate project and rising costs of raw materials [3] Group 3: Market Applications and Demand - The PCB business focuses on communication devices, data centers, and automotive electronics, with significant contributions to revenue growth from these sectors [4] - The demand for AI-related products and high-density interconnect (HDI) technology is driving the need for advanced PCB products [5][10] - The company is actively expanding its market presence in the domestic storage market through its packaging substrate business [3] Group 4: Production Capacity and Expansion Plans - The overall capacity utilization rate for PCB business is at a relatively high level due to sustained demand in computing and automotive electronics [7] - The company is expanding its PCB production capacity through technological upgrades and new projects in Nantong and Thailand, with the Nantong Phase IV project expected to be operational in Q4 2025 [8] - The Guangzhou packaging substrate project is in the ramp-up phase, with ongoing improvements in production capacity [9] Group 5: Electronic Assembly Business - The electronic assembly business generated revenues of 2.823 billion CNY in 2024 and 1.478 billion CNY in the first half of 2025, accounting for 15.76% and 14.14% of total company revenue, respectively [12] - This segment aims to leverage synergies with the PCB business to enhance customer value through integrated solutions [11]

Group 1: Company Ownership and Control - The actual controller, China Academy of Sciences Holdings Co., Ltd. (CAS Holdings), directly holds 30.53% of the company's shares, maintaining absolute control and leadership [3] - CAS Holdings positions the company as a leader in the artificial intelligence sector, providing resource support [3] Group 2: Strategic Partnerships - The company has had a strategic partnership with West China Hospital for nearly twenty years, focusing on deep collaboration across various departments [4] - The partnership leverages medical big data and artificial intelligence technologies to create specialized solutions and products [4] Group 3: Product Development and Commercialization - The intelligent anesthesia robot has successfully completed its first clinical trial, with plans to obtain Class III medical device certification by the end of 2028 [5] - The company is developing a comprehensive solution for smart hospitals centered around the intelligent anesthesia robot and tumor adaptive radiotherapy platform [5] - The intelligent loading robot is currently in trial use within the Road and Bridge Group, with market promotion underway [6][7] Group 4: Revenue Sources and Business Segments - The main revenue sources include the tobacco business (28%-35% of revenue) and digital conference services (26%-32% of revenue), with other contributions from government, energy, and healthcare sectors [8] - The company has not yet developed brain-computer interface (BCI) technology but is exploring its application in smart medical services [9] Group 5: Technological Advancements and Research - The company has established a doctoral and master's training program at the University of the Chinese Academy of Sciences, supported by an automated reasoning laboratory led by academicians [11] - It has developed a full industrial chain layout for machine vision, ensuring the integration of basic research, key technologies, and industry applications [11]

证券代码：002614 证券简称：奥佳华 奥佳华智能健康科技集团股份有限公司 投资者关系活动记录表 编号：2025-05 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 2025 年 9 月 17 日 兴全基金：邓荃文； 2025 年 9 月 18 日 惠璞投资：徐克；天风资管：许磊涛；钧山资管：敖焱杰； 澜胜私募：刘凤山；北大纵横资本：曹铭；上海证券：葛博威； 厦门咸达：赵绪堂；光莆股份：施姗姗； 昆明经开：赵素君、李茹丹。 时间 2025 年 9 月 17 日（周三）上午 10:00； 2025 年 9 月 18 日（周四）上午 10:30 地点 厦门市湖里区安岭二路 31-37 号 8 楼 上市公司接待人 员姓名 曾建宝、陈艺抒、林秋燕、杨文为、陈晓瑜 投资者关系活动 主要内容介绍 一、投资者参观展厅并体验了核心产品 二、公司整体业务和战略规划概况介绍 三、互动交流摘要 1、公司主营业务各品类的占比情况？ 公司主要经营包括保健按摩（按摩椅、按摩小电器）、健康 环境（新风系统、空气净化器） ...

Group 1: Market Position and Strategy - The company is a leading unit in the domestic innovation and creation (信创) industry, continuously enhancing its competitive edge and uniqueness in the face of major competitors like Huawei and Inspur [2][3]. - The market for the信创 industry is expanding, with significant growth in sectors such as government, finance, telecommunications, healthcare, education, energy, and transportation [2][3]. - The company has completed 158 domestic and international chip adaptations, with 37 vehicle manufacturers and 342 component manufacturers utilizing its solutions, establishing itself as a leader in the automotive operating system field [3]. Group 2: Product Development and Innovation - The company has launched several innovative products, including the KES V9 2025 database and KEMCC unified management platform, integrating AI technology to meet diverse industry needs [4][6]. - The introduction of the "Hui Pearl" private domain intelligent platform and the "Extreme Small Easy" intelligent solution demonstrates the company's commitment to providing comprehensive intelligent services across various sectors [4][6]. - The company has shifted its AI projects from concept validation to practical implementation, focusing on enterprise-level markets and developing customized solutions for government and state-owned enterprises [6]. Group 3: Future Development and Core Competencies - The company has proposed a development strategy of "one body, two wings, and three engines," focusing on trustworthy, data-driven, and intelligent business development [6][7]. - The strategy emphasizes the importance of digital government, public safety, smart cities, and industrial digitalization, aiming to innovate and accelerate the digital transformation of industry solutions [7]. - The company aims to enhance its service platform by developing cloud services, trusted data space operations, and intelligent platform applications, thereby achieving a platform-based service model [7].

编号：2025-002 证券代码：300034 证券简称：钢研高纳 北京钢研高纳科技股份有限公司投资者关系活动记录表 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 □电话会议 □其他： （请文字说明其他活动内容） 参与单位名称 及人员姓名 西部证券:温晓 鹏华基金:张卓然 时间 2025 年 9 月 18 日 地点 钢研高纳会议室 公司接待人员 姓名 财务总监、董事会秘书:刘彬 规划证券投资部:何晓珂 投资者关系活动 主要内容介绍 一、公司高温合金业务主要分为哪几类？ 答：公司高温合金业务主要分为三大类别，分别是铸造合金制品、变形 合金制品和新型合金制品，其中新型合金制品包含粉末高温合金、精细 高温合金、金属间化合物等。 二、公司民品和军品的收入占比大概是多少？ 答：从收入结构上看，公司军品业务收入占比约 60%左右，民品业务收 入占比约 40%左右。 三、请介绍下控股子公司青岛新力通未来发展 答：青岛新力通以"专业化、品牌化、国际化"为核心导向，聚焦战略 性新兴业务突破，不仅持续稳固国内石化市场龙头地位，更着力加快国 际市场布局步伐。20 ...

Group 1: Credit Strategy and Focus - The bank will continue to focus on supporting the real economy and rural revitalization, increasing credit investment in agriculture and small micro enterprises [2] - Emphasis on "supporting agriculture and small businesses" as the main strategic positioning, with ongoing adjustments to credit structure to align with financial industry trends [2] Group 2: Services for Small and Micro Enterprises - The bank aims to enhance the quality and efficiency of financial services for small and micro enterprises through systematic measures [2] - Specific initiatives include ensuring a dedicated credit plan for small and micro enterprises, promoting the "Thousand Villages and Ten Thousand Households" initiative, and improving service reach [2][3] Group 3: Risk Management and Innovation - Implementation of a due diligence exemption system and risk tolerance for small micro loans to boost confidence among loan officers [3] - Focus on product innovation and scenario marketing to enhance the accessibility of financial products for small and micro enterprises [3] Group 4: Digital Transformation - The bank is committed to improving digital lending capabilities by developing online credit products and leveraging digital platforms for inclusive finance [3]

Group 1: Company Overview and Business Development - Shenzhen Kexin New Materials Co., Ltd. focuses on data center cooling solutions through its subsidiary, Shenzhen Chuangyuan Zhihuo Technology Co., Ltd. [2] - The company employs a dual-driven model of collaborative manufacturing and independent production to enhance its market presence [2][3] - In the first half of 2025, the subsidiary has initiated OEM operations for liquid cooling plates and is advancing product certification with clients [3] Group 2: Market Trends and Product Demand - The demand for thermal interface materials is increasing due to the growth of high-performance computing and emerging technologies like 5G/6G and IoT [4] - Kexin New Materials is strategically positioned to meet the rising demand for high-performance thermal management solutions [4] Group 3: Acquisition Plans - The company is planning to acquire Dongguan Zhaoke, which includes subsidiaries in Kunshan, Vietnam, and Singapore, to expand its footprint in the thermal product sector [5] - The acquisition process is complex and involves cross-border mergers, with both parties maintaining strong cooperation intentions [5] Group 4: Growth in New Energy Sector - The Chinese electric vehicle market is experiencing rapid growth, driven by an increase in new models and improved charging infrastructure [6] - The company's subsidiary, Suzhou Ruitai Technology Co., Ltd., produces key cooling components for electric vehicle batteries, contributing to its market leadership [7] Group 5: Traditional Business Performance - The polymer materials segment remains stable, focusing on waterproof, fireproof, and moisture-proof materials for various industries [7] - The company aims to solidify its position in the polymer materials market to ensure steady cash flow and profit contributions [7]

编号：2025-11 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他： | | 参与单位名称 | 西部证券 孙寅、周安桐、程宵凯，国泰基金 王韶怀，平安 | | 及人员姓名 | 养老 郭松 | | 时间 | 年 月 日（星期四）14:00-15:00 2025 9 18 | | 地点 | 青岛银行股份有限公司总行 6 楼会议室 | | 上市公司接待 | 本行高管、相关部门负责人及工作人员 | | 人员姓名 | | | | 1.青岛银行下半年金融市场业务投资策略如何? | | | 答：上半年，本行加强金融投资规模与收益监控，有效 | | | 应对债市波动，实现了金融市场非息收入的同比增长。2025 | | | 年上半年，投资收益和公允价值变动损益合计 15.10 亿元， | | | 同比增加 2.12 亿元，同比增长 16.37%。下一步，本行将持 | | | 续优化投资交易策略，加强市场研判，精确择时，灵活调仓， | | 投资者关系活 动主要内容 | 提升资产投资 ...

Competitive Advantages - The company focuses on the core strategy of "focusing on the gaming industry," aiming to create high-quality games that meet market demands, supported by a business system of "R&D, publishing, investment + IP" [2] - The company has established an overseas publishing strategy, leading to a continuous increase in overseas revenue over the past three years [2][4] Overseas Business Performance - In 2023, overseas revenue reached 117 million CNY, accounting for 2.71% of total revenue, with a year-on-year growth of 619.54% [4] - In 2024, overseas revenue is projected to be 375 million CNY, representing 7.32% of total revenue, with a year-on-year growth of 221.48% [4] - In the first half of 2025, overseas revenue was 202 million CNY, making up 7.82% of total revenue, with a year-on-year growth of 59.57% [4] Successful Overseas Products - The game "Monster Alliance" launched on March 25, 2025, quickly rose to Top 2 on the App Store free chart in South Korea [5] - "MU Immortal," launched on May 20, 2025, topped the iOS RPG free chart in multiple countries on its release day [5] - "Party Beast Control," launched on May 22, 2025, achieved first place in iOS downloads in Hong Kong and Taiwan on its launch day [6] Information Service Revenue - Information service revenue includes income from game resource distribution, community services, and promotional services, totaling 657 million CNY in the first half of 2025 [7] Unique Features of Legend Box - Legend Box is a vertical community platform focused on the needs of "Legend" game users, integrating game experience, community interaction, and live streaming [8] New Developments in Legend Box - In July 2025, a licensing agreement was signed for "Legend" and "Legend World," allowing for exclusive development and operation of related products [10] - Over 25 high-quality "Legend" games have been integrated into Legend Box, with plans to introduce over 100 more [10] Shareholder Information - As of September 10, 2025, the total number of shareholders is 53,848, showing a recent overall decrease [10] Arbitration and Financial Impact - The company won an arbitration case against Yumeide, but cannot confirm income from the receivable until the payment situation is clear [11] - The increase in the stock price of Century Huatong will enhance the company's net assets but will not affect current profits [12] Commitment to Shareholder Value - The major shareholder and executives have committed to using dividends for share buybacks from 2024 to 2028, with significant amounts already invested [13]

Group 1: Financial Overview - The main financial costs in the 2025 semi-annual report are primarily related to bank loan interest expenses incurred from investments in energy projects [2] Group 2: Business Opportunities - The company focuses on exploring existing markets, particularly in urban renewal projects, such as the historical district renovation in Nanning [2] - In 2023, the company acquired Guangxi Hualan Hydropower Engineering Design Co., Ltd., expanding into water-related construction design and consulting [3] - The company has a Grade B qualification in water conservancy engineering design and is involved in projects like the "Left River System Chongzuo Urban Section River Governance Project" [3] Group 3: New Business Development - The company is developing distributed photovoltaic power generation and energy management services, establishing Guangdong Hualan Energy Development Co., Ltd. and Guangxi Hualan Smart Technology Co., Ltd. [3] - In the first half of 2025, the company signed contracts worth approximately 15.854 million yuan for new EPC projects in distributed photovoltaic power generation [3] - The cumulative contract signing amount for energy management services reached about 20.7 million yuan in the first half of 2025 [3] Group 4: Digital Transformation - The company has developed digital products and services using AI and BIM technology, enhancing its competitive advantage in architectural design and engineering [3] Group 5: International Expansion - The company has established an international business department and opened an office in Cambodia, focusing on markets in Southeast Asia [3] - The company successfully undertook the "Aid Tunisia Gabes Tumor Center Project," marking a breakthrough in foreign aid projects [3] Group 6: Mergers and Acquisitions - The company plans to conduct mergers and acquisitions in a steady manner, aligned with its strategic planning [3] Group 7: Investor Relations - The investor relations activity did not involve any undisclosed significant information [3]