Group 1: Financial Performance - In 2024, the company achieved a revenue of 23.58 billion yuan, a year-on-year increase of 60.87% in the smart toilet and cover category, which accounted for 13.37% of total revenue [3] - The first quarter of 2025 saw a revenue decline of approximately 21% year-on-year, primarily due to changes in trade policies and varying regional consumer promotion policies [3] - The company's net profit margin improved in the fourth quarter of 2024, influenced by exchange rate fluctuations and a recovery in sales performance [4] Group 2: Market and Policy Impact - The company's direct exports to North America account for 10%-15% of overseas revenue, which is a small portion of total revenue [5] - The implementation of national subsidy policies has positively impacted consumer behavior in home improvement, enhancing the penetration rate of smart toilets [4] - The upcoming new national standards for toilets and mandatory product certification are expected to raise market entry barriers, benefiting companies with strong R&D capabilities [6][7] Group 3: Future Outlook and Strategy - For 2025, the company projects a revenue growth of 10% and a net profit growth of 9.20%, with significant investments in brand building and marketing [7] - The focus for future product development will be on upgrading existing features, emphasizing health, environmental sustainability, and hygiene [7] - The company aims to diversify its market channels and enhance its product matrix, including smart toilets, drainage products, and wellness products [7]

Group 1: Financial Performance - In 2024, the company achieved a revenue of 60.797 billion yuan, an increase of 15.55% compared to the previous year [2] - In Q1 2025, the revenue was 14.258 billion yuan, with a net profit of 0.96 billion yuan, reflecting a year-on-year growth of 16.01% [2] Group 2: Strategic Initiatives - The company plans to establish a business headquarters in Shanghai to be closer to clients, as over 70% of its clients and revenue come from southern regions [3] - The company aims to expand its VR project operations in key tourist areas, targeting 10 or more scenic spots with a total operational area of 10,000 square meters in the coming years [5] Group 3: AI and Technology Integration - The company has incubated approximately 100 AI agents, with multi-modal and multi-task agents making up over one-third of the total [11] - Projected AI-driven revenue for 2025 is estimated to be between 3 billion to 5 billion yuan, with a significant portion coming from cross-border marketing [13] Group 4: Market Dynamics and Challenges - The e-commerce market is primarily focused on the U.S. (30%-40% share), followed by the Asia-Pacific region (30%) and the EU (10%) [9] - The company anticipates limited impact from U.S.-China tariff issues, as strategies are in place to adapt to changing market conditions [10] Group 5: Profitability and Margin Improvement - The company has seen a rebound in gross margins, attributed to a shift in media revenue sources, with non-head media now accounting for a larger share [6] - Future revenue structure aims for 50% from major platforms like Meta and Google, with 30% from smaller media, and 10%-20% from platform-driven income [7]

证券代码：301397 证券简称：溯联股份 问题 2：公司去年整体毛利率走势以及今年的情况有何变化？ 答：公司2024 年整体毛利率受主要客户年降影响，毛利率较2023 年有一定幅度的下降。 今年从第一季度情况看，毛利稳定在 2024 年平均水平，但根据 主要客户情况分析，今年仍将面临一定的年降压力，公司将持续推 进新产品、新市场的开源以及内部降本增效的节流工作，最大限度 减少客户降价对公司毛利的影响。 问题 3：公司今年如何打开其他增长曲线？ 答：最新《政府工作报告》提出：国家将持续推进 "人工智能 +"行动，将数字技术与制造优势、市场优势更好地结合，支持大模 型广泛应用，大力发展智能网联新能源汽车、人工智能手机和电脑、 智能机器人等新一代智能终端以及智能制造装备，并强调了智能算 力建设的重要性。公司将以此为战略发展方向，与公司自身能力和 资源相结合，积极开拓第二、第三增长曲线，拓展公司未来发展空 间。 在新业务的拓展上，公司新增知名 EVTOL 和民用飞机制造商等 客户，开始了航空领域的业务和技术探索。另外公司的空气悬架及 座椅用高压气管及连接组件产品已拓展多个客户并开始交样；在储 能和换电业务上，公司新 ...

证券代码：300360 证券简称：炬华科技 杭州炬华科技股份有限公司投资者关系活动记录表 编号：2025-001 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（线上电话会议） 参与单位名称及 人员姓名 网上业绩说明会 时间 2025 年 4 月 25 日下午 15:00—17:00 地点 公司会议室 上市公司接待人 员姓名 董事长、总经理：杨光，副董事长、副总经理、财务总监：丁嘉禾， 董事、副总经理、董事会秘书：戴晓华，独立董事：刘晓松 投资者关系活动 主要内容介绍 本次投资者交流活动主要内容： 公司已于 2025 年 4 月 21 日披露 2024 年年度报告，为使投资者 更好地了解年报内容，公司董事长、总经理杨光，副董事长、副总经 理兼财务总监丁嘉禾，董事、副总经理兼董事会秘书戴晓华，独立董 事刘晓松于 2025 年 4 月 25 日（星期五）下午 15:00-17:00 在同花顺 路演平台，就公司 2024 年年度报告及公司治理、发展战略等投资者 所关心的问题，与广大投资者沟通交流。主要问答如下： 一、公司除电表业务外，其他业务 ...

证券代码：001202 证券简称：炬申股份 炬申物流集团股份有限公司 | | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | 投资者关系活动类别 | ☐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） | | 参与单位名称及人员姓 | 线上参与公司2024年度业绩说明会的投资者 | | 名 | | | 时间 | 2025年04月25日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长、总经理 雷琦 | | | 独立董事 李萍 | | | 财务负责人 余思榆 | | | 董事会秘书 裴爽 | | 投资者关系活动主要内 | 1.新买的轮船一共花了多少钱？ | | | 答:尊敬的投资者您好，公司前期披露了部分船舶购 | | | 买（建造）合同，具体可详见公司于巨潮资讯网 | | | （http://www.cninfo.com.cn）等披露的相关公告。感 | | 容介绍 | 谢您的关注! | | | 2.联运模式 ...

湖南三德科技股份有限公司投资者关系活动记录表 编号：2025-004 | | □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 | | | 其他 2024 年报暨 2025 年一季报业绩说明电话会议 | | 参与单位名称及 | 中信建投、工银瑞信基金、信达澳亚基金、人保资产、创富兆 | | | 业金融、深圳港丽投资、上海斯米克材料、上海禾升投资等 8 | | 人员姓名 | 家机构共计 13 名投资者 | | 时 间 | 年 月 日 2025 4 24 | | 地 点 | 线上会议 | | 上市公司接待 | 副总经理兼董事会秘书 唐芳东先生 | | 人员姓名 | 财务总监 肖锋华女士 | | | 一、公司基本情况 | | | 公司创立于 1993 年，现有分析仪器、无人化智能装备两个产 | | | 品群以及衍生于这两个产品基础上的运维等衍生技术服务三个业 | | | 务板块。公司产品主要用于煤炭质量指标的分析检测与智能化管 | | | 理，可延展应用到焦炭、生物质、固危废、水泥黑生 ...

证券代码：300850 证券简称：新强联 债券代码：123161 债券简称：强联转债 洛阳新强联回转支承股份有限公司 投资者关系活动记录表 编号：2025-004 | | □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 | | |  其他（电话会议） | | | 华泰保兴：曹城；辰翔投资：彭志松；国联民生、陈子锐：郝元斌；嘉实 | | | 基金：项静远；新华资产：戴丰年、李明生；中信建投：朱玥、陈思同； | | | 华西证券：黄瑞连、耿梓瑜、王好尚；东吴证券：胡隽颖、谈沂鑫、周尔 | | | 双；华泰电新：宫宇博；广发证券：王宁；长城证券：孙诗宁、代莹莹、 | | | 王泽雷；浙商证券：曹宇、陈姝姝、张菁、王斌；财通证券：张一驰、李 | | | 晨、李浩时；汇添富基金：李超、童心；甬兴证券：赵莉莉；易方达基金： | | | 陈思源；泰康资产：陈正策、何羽；泓和资本：杨振宇；上海合远私募基 | | | 金：苏进状；华创证券：吴含；博裕资本：姜涵奕；鹏华基金：张华恩、 | | | ...

Group 1: Industry Outlook - The domestic phosphate rock mining resources are depleting, leading to a noticeable decline in overall ore quality and reduced mining rates due to increased environmental pressures [1] - The demand for phosphate chemicals is expected to grow stronger due to the emphasis on "food security" and the impact of tariffs on imported agricultural products [1][2] Group 2: Project Updates - The Xiaoba phosphate mine's 300,000-ton technical renovation project is on schedule, expected to be operational by June 30, 2027 [2] - The Jigongling phosphate mine, with an annual production capacity of 2.5 million tons, is over 50% complete and is projected to produce engineering ore by 2026, with full production expected in the second half of 2027 [2] - The Laozhaizi phosphate mine, with a capacity of 1.8 million tons, aims to start construction in June 2024 and is expected to produce engineering ore by the second half of 2026, with full production by the end of 2027 [2] Group 3: Financial Performance - In 2024, the company achieved an operating revenue of 5.906 billion, a net profit attributable to shareholders of 0.956 billion, and basic earnings per share of 1.76, all showing a certain degree of growth compared to 2023 [3] - The Guangxi base reported a loss of 207 million in 2024, with efforts ongoing to improve production order and internal management for a turnaround in 2025 [2][3] - The Hengxuan New Energy segment reported a loss of 121 million in 2024, with ongoing efforts to enhance capacity, reduce costs, and expand the market [3] Group 4: Environmental and Resource Management - The company has maintained a phosphorus gypsum utilization rate of over 100% for the past three years, with a reported utilization rate of 139.05% for 2024 [3]

编号：2025-001 证券代码：300771 证券简称：智莱科技 深圳市智莱科技股份有限公司 投资者关系活动记录表 | 较 2023 年度略有增加，原材料成本和汇率波动对公司经营没有 | | --- | | 明显影响。谢谢！ | | 8、海外市场拓展（如欧美、东南亚）的进展如何？哪些区域将 | | 成为 2025 年的重点？ | | 智莱科技董事、总经理王兴平：您好！公司一直重视海外业务 | | 的发展，公司将积极加大对海外市场的业务投入，同时关注美 | | 国关税政策对公司的影响，公司也会加大在海外其他地区的业 | | 务拓展力度。谢谢！ | | 9、新一代智能快递柜的技术升级方向是什么？ | | 智莱科技董事、总经理王兴平：您好！公司是智能保管与交付 | | 解决方案供应商，智能快件箱只是在快递行业应用，公司近几 | | 年在其他行业及领域也有保管和交付的解决方案及产品。谢谢！ | | 10、公司股价波动较大，管理层觉得当前股价反映公司真实价 | | 值了吗？ | | 智莱科技董事长干德义：您好！公司股价波动受到二级市场影 | | 响，公司业务经营稳定正常。谢谢！ | | 11、公司分红多吗？有没有回购 ...

Financial Performance - The company's revenue increased by 17.79% in Q1 2025, while the net profit attributable to the parent company only grew by 0.08%, primarily due to a decrease in government subsidies related to daily operations [2][3] - The net profit excluding non-recurring gains and losses increased by 16.54%, aligning closely with the revenue growth [2][3] - The net profit attributable to the parent company for 2024 grew by 39.68% [3][4] Market Strategy - The company plans to enhance new product development and marketing efforts to diversify its product range and improve profitability and risk resistance [3][4] - The company is actively pursuing a share repurchase plan, which is currently progressing smoothly [3][4] Product Development - The company has achieved significant progress in international markets, with the number of export varieties for raw materials increasing to 4, and new product promotions yielding initial success [4][5] - The company is focusing on chronic pain management, with over 300 million chronic pain patients in China, and aims to leverage its technological advantages to capture market share [5][6] Industry Overview - The pharmaceutical manufacturing industry reported revenues of CNY 25,298.50 billion in 2024, remaining stable compared to 2023, with a cost of sales of CNY 14,729.60 billion, reflecting a 2.0% year-on-year increase [5][6] - The industry is facing cost pressures and profitability challenges, with total profits declining by 1.1% [5][6] Future Outlook - The pharmaceutical industry is expected to maintain steady demand due to aging populations and increasing health awareness, despite external uncertainties [6] - Companies with genuine innovation capabilities and refined operational advantages are likely to gain more opportunities in the evolving competitive landscape [6]