证券代码：000878 证券简称：云南铜业 云南铜业股份有限公司投资者关系活动记录表 编号：2025-20 | 投资者关 | 特定对象调研 ☑ | | | | □分析师会议 | | --- | --- | --- | --- | --- | --- | | 系活动类 | □媒体采访 | | | | □业绩说明会 | | | □新闻发布会 | | | | □路演活动 | | 别 | □现场调研 | | | | □其他 | | 活动参与 | 国投证券 | | | | 周古玥、陈天琰，招银理财袁尧、郝雪梅、吴嘉杰、姚思劼、彭治 | | 人员 | 力 | | | | | | 时间 | 2025 年 | 12 月 | 10 | 日 | 16:00—17:00 | | 地点 | 公司 会议室 | 3322 | | | | | 形式 | 座谈交流 | | | | | | 上市公司 | | | | | 财务部（资本运营部、证券事务部）经理、证券事务代表：刘八妹 | | 参加人员 | | | | | 财务部（资本运营部、证券事务部）业务经理：岳圣文 | | 姓名 | | | | | | | | | 问答交流： | | | | ...

南昌矿机集团股份有限公司投资者关系活动记录表 证券代码：001360 证券简称：南矿集团 编号：2025-007 | 投资者关系 | 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 | | --- | --- | | 活动类别 | 活动 现场参观 □其他（请文字说明其他活动内容） | | 活动参与人 | 民生证券 邱祖学 | | 员 | | | 时间 | 年 月 日（周三） 下午 2025 12 10 13:30~16:00 | | 地点 | 公司行政楼四楼会议 406 | | 形式 | 线下 | | 上市公司接 | 副董事长兼常务副总裁 龚友良 | | 待人员 | 董事会秘书 缪韵 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次调研中提出的问题进行了回复： | | | 公司从骨料市场向矿山业务拓展的主要难点是什么？ 1. | | | 答：公司早年已进行前瞻性布局，成立了矿山事业部。骨料市场中，商品骨 | | | 料需求随着房地产开发的降温而逐步缩减，工程骨料市场具有项目制、单笔订单 | | | 规模大但销售频率低的特点；矿山业务中，中小型矿山订单规模 ...

证券代码：001258 证券简称：立新能源 新疆立新能源股份有限公司 投资者关系活动记录表 编号：2025-006 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 1.汇添富基金 张鹏 2.鹏华基金 郑辉煌 3.天风证券 郭丽丽 4.天风证券 王钰舒 5.工银瑞信 余鸣洋 时间 2025 年 12 月 10 日（周三）上午 10:30~12:30 地点 公司会议室 上市公司接待人 员姓名 1.董事会秘书 董爽 2.售电公司总经理 周正飞 3.财务部部长 黄鹏 4.证券事务代表 赵生萍 投资者关系活动 主要内容介绍 1、公司目前的装机规模如何？ 截至 2025 年 6 月 30 日，公司已投产运营的新能源项目总装 机规模 273.4 万千瓦（含独立储能），其中，风力发电项目并网 容量 172.05 万千瓦，光伏发电项目并网容量 85.35 万千瓦，独 立储能项目并网容量 16 万千瓦。此外，已核准的在建风光电项 目合计装机 110 万千瓦，独立储能项目装机 120 万千瓦。 2、在建 120 万千瓦独立储能项目的投产进度如何？ ...

| | 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 （电话会议） | | | 海富通 | 陈涛 | | | | 富国基金 | 康达 | | | | 永盈基金 | 庄子童 | | | | 申万菱信 | 黄书瀚 | | | | 汇添富 | 郑慧莲 | | | | 华夏基金 | 徐漫 | | | | 诺安基金 | 王月 | | | 参与单位名称及 | 国海富兰克林 | 梁姝雯 | | | 人员姓名 | 宝盈基金 | 李亚凡 | | | | 淳厚基金 | 王萧睿 | | | | 安信基金 | 陈嵩昆 | | | | 源乐晟 | 赵楠 | | | | 长江证券 | 李锦 | | | | 兴业证券 | 张彬鸿 | | | | 广发证券 | 嵇文欣 | | | | 国泰海通 | 蔡昕妤 | | | 时间 | 年 月 2025 12 | 日 10 | | | 地点 | 公司会议室 | | | | 上市公司接待 | | | 董事长 ...

Group 1: Overseas Sales and Market Strategy - The company has seen strong demand for its products from overseas customers, leading to increased bulk sales in international markets. It aims to leverage supply chain advantages to drive growth in operating performance [1]. Group 2: New Product Launches - A new card game product titled "Bomb Girl" is set to launch in early 2026, combining classic bomb battle gameplay with a lightweight nurturing system and collectible card elements, aimed at providing an engaging gaming experience [2]. Group 3: Equipment Lifecycle and Updates - The amusement park introduces new equipment annually to maintain fresh experiences for players. The typical lifecycle of equipment is around 5 years, but may shorten to 2-3 years for less competitive products [2]. Group 4: TCG Business Development - The company launched the "Three Kingdoms Fantasy Battle" TCG card game in October 2025, marking an innovative attempt to combine amusement equipment with TCG cards. The first batch of cards was released at the end of November, and the business is currently in the early operational phase, focusing on player feedback and market response [2].

Group 1: Company Overview - The company introduced its development history, main business, products, and three-year strategic plan, including its sensor investment business [2] Group 2: Strategic Planning and Profitability - The company aims to enhance net profit margin through improved management quality, internal integration, and optimized production processes, targeting a significant increase in net profit margin within three years [3] - Key measures include improving per capita output and production efficiency [3] Group 3: Sales and Market Strategy - The company's sales model primarily involves direct engagement with vehicle manufacturers due to high design demand [3] - Future investment strategies will align with the three-year strategic plan, focusing on companies that can transition from automotive parts to smart machinery components [3] - The company plans to support target companies through capital and market assistance, utilizing equity investments to expand its business footprint [3] Group 4: Accounts Receivable Management - There has been an improvement in accounts receivable periods, with state-owned vehicle manufacturers adhering to their commitments, providing opportunities for optimization [3]

Group 1: Company Overview and Mission - Tangrenshen Group has been focusing on the entire pig industry chain for 40 years, aiming for steady development and projected feed sales of over 1 million tons and pig output exceeding 650,000 heads by 2025 [2][3] - The company's mission is to "enrich farmers, create green food, and improve quality of life," adhering to principles of shared goals and accountability [2][3] Group 2: Business Structure and Strategy - The company operates a "feed - breeding - meat" integrated business model, with feed business accounting for approximately 62% of total revenue, ensuring stable profitability and cash flow [3][8] - Future strategic investments will focus on new meat product categories to enhance overall profitability, aiming to become a sustainable and profitable food enterprise [3][4] Group 3: Cost Management and Efficiency - Since 2023, the company has focused on low-cost breeding, achieving a reduction of 380 RMB per head in total costs, with an average PSY (pigs weaned per sow per year) of 28.06 heads [5] - The company aims to reach a PSY of around 30 heads by 2026, with a target to reduce average costs by an additional 100 RMB per head [5] Group 4: Financial Performance and Cash Flow - As of September 30, 2025, the company had a cash balance of 2.215 billion RMB, indicating a strong liquidity position [8] - The feed business, being the main revenue driver, contributes about 62% to total revenue, with a net cash flow from operating activities of 834 million RMB in the first nine months of 2025 [8][9] Group 5: Market Position and Product Development - The company is expanding its product lines with brands like "Xiangxiang Pig" and "Tang Xiaochu," focusing on high-quality, convenient meat products to meet consumer demand [9] - The "Tang Xiaochu" brand emphasizes innovation across six dimensions, including raw materials and customer experience, positioning it as a key direction for meat product development [9]

Group 1: Company Strategy and Operations - The company has three main strategies to enhance operational performance: building an efficient collaborative mechanism, upgrading processes to improve the entire supply chain efficiency, and exploring innovative product forms to expand development boundaries [2] - The product strategy focuses on core categories such as knives, scissors, and kitchen hardware, emphasizing innovation in products, processes, and technology to strengthen competitive advantages [3] - The company aims to deepen its cultural IP exploration and expand its creative product matrix, positioning the cultural sector as a new growth engine and core competitive advantage [4] Group 2: Financial Performance - The company has achieved dual growth in revenue and net profit over the past two years due to several factors: refined market operations, strategic focus on product development, and enhanced brand image [5] - Key drivers of revenue growth include optimizing the distributor structure, addressing market gaps, and building an integrated distribution model [5] - Continuous improvement in management efficiency and team performance assessment reforms have contributed to sustained growth in overall performance and net profit [5]

Group 1: Aircraft Acquisition and Utilization - The company has signed a confirmed order for 6 A350F freighters, with deliveries expected between 2029 and 2031, and holds an option for 4 additional units, exercisable by the end of 2026 [2][3] - The average daily utilization of all-cargo aircraft for the first half of 2025 was 13.29 hours, showing a significant improvement compared to the same period in 2024 [3] Group 2: Financial Performance - In the first three quarters of 2025, the air cargo segment's revenue increased by 11.95% year-on-year, with a gross margin rise of 2.28 percentage points, attributed to fleet expansion and optimization, as well as a decrease in aviation fuel prices [3] - The logistics solutions segment saw a revenue increase of 41.11% year-on-year, with a gross margin increase of 5.04 percentage points, driven by the expansion of cross-border e-commerce partnerships [3] Group 3: Cost Sensitivity and Market Trends - Aviation fuel costs are a significant variable cost for the company, with a potential fluctuation of approximately CNY 52 million for every CNY 100 per ton change in fuel procurement price based on 2024 usage [3] - The company's performance showed a trend of decline followed by recovery in 2023, influenced by increased bellyhold capacity from passenger aircraft and a return to normal market conditions [4] Group 4: Competitive Advantages - The company benefits from its unique position as a flag carrier, a diversified ownership structure, a large fleet, and a robust route network [4] - The company emphasizes digital empowerment to enhance service quality and operational efficiency [4]

Group 1: Company Overview and Business Operations - Shenzhen Huaqiang Industrial Co., Ltd. is a leading authorized distributor of electronic components in China, with a strong focus on storage products [2] - The company has established significant partnerships with major storage manufacturers, including Jiangbolong, Zhaoyi Innovation, and others [2] - The total shipment of storage products in the first three quarters showed a substantial year-on-year growth [3] Group 2: Collaborations and Partnerships - The company is a key authorized distributor for HiSilicon, with notable revenue growth from HiSilicon products in 2024 and the first three quarters of 2025 [3] - As a "Gold Component Partner" of Ascend, the company has developed multiple application solutions based on Ascend chips, enhancing its distribution and technical capabilities [4] Group 3: Market Performance and Consumer Engagement - The "Huaqiangbei" area, known as "China's Electronics First Street," has seen increased foot traffic, with peak daily customer flow exceeding 50,000 [5] - The company is expanding its operations in the fashion electronics sector, focusing on emerging categories such as VR glasses and AI toys, creating an immersive shopping experience [5] Group 4: Corporate Venture Capital (CVC) Initiatives - Since 2019, the company has engaged in CVC investments to build an industrial ecosystem and enhance its influence in the industry [6] - The CVC strategy aims to establish long-term partnerships with investment targets, converting them into suppliers or customers, thereby boosting the company's competitive edge [7] - The company has made minority investments in several promising semiconductor IDM or design firms, aiming to extend its services along the electronic industry chain [7]