Group 1: Project Overview - The company plans to equip the Guinea transshipment project with deck barges, tugboats, oil barges, floating cranes, and maintenance vessels [2] - The average gross profit margin for the project in its full production year (T+5 years) is estimated to be 39.40%, based on previous disclosures [2] Group 2: Contractual Details - The cooperation period for the Guinea bauxite transshipment agreement is set for 5+5 years, with a trial operation period of 90 days before the official start [3] - The decision to renew the second 5-year operational period must be made by the client 180 days before the end of the first 5-year period [3]

Group 1: Core Business Overview - The company operates in the bearing and abrasive tools industries, focusing on five main business segments: new materials, basic components, machine tools, high-end equipment, and supply chain management [2] - Special bearings and superhard materials are the primary profit sources, with wind power bearings being the fastest-growing segment [2][3] Group 2: Bearing Business - The bearing business includes special bearings, wind power bearings, and precision machine tool bearings [2] - Special bearings are used in aerospace, military, and nuclear industries, with a leading domestic technology level [3] - Wind power bearings have seen significant advancements, including the development of domestically produced 8 MW, 18 MW, and the world's first 26 MW series main shaft bearings [3] Group 3: Abrasive Tools Business - The abrasive tools segment includes superhard materials, composite superhard materials, and diamond functional application products [3] - Superhard materials have a strong market competitive advantage, primarily serving the semiconductor and automotive industries [3] - Diamond functional application products are expected to play a crucial role in national strategic projects and emerging industries, with potential breakthroughs in key technologies [3] Group 4: Diamond Business Development - The diamond business is divided into structured and functional applications, with functional applications including heat dissipation materials and optical window pieces [4] - The first phase of diamond products has been commercialized, with small batch sales starting in 2023 [4] - The company aims to reduce costs through innovations across the entire supply chain, including seed crystals and deposition processes [6] Group 5: Market Outlook and Growth Opportunities - The wind power bearing business is expected to maintain a high order volume in 2025, with plans to expand production capacity by the end of 2026 [5] - The company holds a 90% market share in domestic aerospace bearings, presenting new growth opportunities with the rise of commercial aerospace [5] - The superhard materials business is projected to generate approximately 580 million yuan in revenue in 2024, with significant growth in the semiconductor sector [5]

Company Overview - Dongguan Yian Technology Co., Ltd. specializes in the research and development of amorphous alloys, having over 10 years of experience in the field [1][4] - The company has independent intellectual property rights in various aspects of amorphous alloy technology, including composition design and precision processing [4] Amorphous Alloy Characteristics - Amorphous alloys, also known as metallic glasses, exhibit unique properties such as high strength, hardness, and corrosion resistance, outperforming conventional materials by significant margins (5 times stronger than typical aluminum alloys, 3 times stronger than stainless steel) [1][3] - The primary raw material for producing amorphous alloys is sponge zirconium, which is processed with various metal elements to create master alloys [2] Application Areas - The company's amorphous alloy products are primarily used in four sectors: 1. Consumer electronics structural components 2. New energy vehicle parts 3. Medical device structural components 4. Musical and sports equipment structural components [3] - The company is actively developing applications in the robotics sector, focusing on key components like precision transmission parts and robotic joints [3] Competitive Advantages - The company operates the largest amorphous alloy production line in China, enhancing its capacity for mass production [4] - It is establishing a new production base in Hunan, aiming to create an industry-leading facility for amorphous alloy manufacturing [4] Medical Applications - The high-purity magnesium bone screws developed by the company have a purity of 99.99 wt.%, offering advantages in biocompatibility and mechanical performance compared to traditional screws [5] - These screws promote bone formation and gradually degrade in the body, eliminating the need for secondary surgeries [5] Product Registration - The first magnesium bone screw is in the registration process, with completion expected once all review queries are resolved [5]

Group 1: Core Business Areas - The company focuses on three core business segments: chassis, intelligent cockpit and driving, and thermal management [2] Group 2: Market Strategy - The company aims to optimize customer revenue structure, balancing traditional and new customers, while expanding overseas through local factories and partnerships with OEMs [2] - Plans for North America and Europe are in place to achieve global market synergy [2] Group 3: Cost Control Strategies - The company employs a "low-cost strategy" with six systems: agile R&D, efficient investment, quality procurement, lean operations, excellent marketing, and scientific human resources to stabilize profits against price declines [3] Group 4: EPS Product Line Progress - The EPS product line is primarily C-EPS, with DP-EPS gradually increasing; major clients include Hongqi and Chery [3] - Research and development are ongoing for steer-by-wire and brake-by-wire systems, while rear-wheel steering has been developed for certain Hongqi models targeting high-end vehicles [3]

Group 1: Company Overview - The company is Ningxia Dongfang Tantalum Industry Co., Ltd., with stock code 000962 [1] - The chairman is Huang Zhixue, and the vice general manager and secretary of the board is Qin Hongwu [3] Group 2: Supply Chain and Production - The company has secured a binding equity acquisition of Brazil's Taboca Mining Company, which includes a multi-metal mine and smelting facilities [3] - A contract was signed to purchase approximately 3,000 tons of tantalum-niobium alloy raw materials, with an estimated procurement amount of 540 million RMB [3] - The company has a complete production line from ore wet metallurgy to tantalum-niobium product processing [3] Group 3: Product Range - The company offers over 30 series and more than 200 varieties of products, including tantalum powder, tantalum wire, high-purity tantalum targets, and superconducting materials [3] - Products are applicable in various fields such as electronics, communications, metallurgy, petroleum, chemicals, medical, lighting, and semiconductors [3] Group 4: Pricing Strategy - Product pricing is based on raw material price fluctuations, customer demand, company cost structure, production cycles, and market conditions [3] Group 5: Expansion Plans - The company plans to invest in three construction projects and supplement working capital, with total investments as follows: - Digital factory for tantalum-niobium wet metallurgy: 678.69 million RMB [4] - Renovation of tantalum-niobium pyrometallurgy smelting production line: 287.99 million RMB [4] - Construction of high-end tantalum-niobium product production line: 281.20 million RMB [4] Group 6: Fundraising Progress - The company completed the first round of inquiries from the Shenzhen Stock Exchange on November 17, 2025, and is awaiting approval from the China Securities Regulatory Commission for the issuance of A-shares [4]

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, nuclear safety equipment, and environmental comprehensive treatment services for solid waste and wastewater [2] - The company also operates photovoltaic power plants [2] Group 2: Nuclear Power Business - The company has been manufacturing nuclear power equipment since 1998, supplying 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 fusion reactors [2] - Key nuclear power equipment produced includes: injection tanks, internal component lifting baskets, spent fuel coolers, boric acid coolers, condensate coolers, regenerative heat exchangers, passive residual heat removal systems, pressure relief tanks, boric acid storage tanks, volume control tanks, emergency water supply tanks, diesel engine main oil tanks, and inner containment water transfer tanks [3] - The new investment project for Generation IV nuclear power equipment is progressing normally, which will effectively meet the demand for nuclear power manufacturing capacity upon production [3] - This project is expected to optimize technology, align with national nuclear power development policies, strengthen the nuclear power business, enhance production capacity, and improve profitability [3]

Group 1: Asset Quality Outlook - The company anticipates maintaining a good asset quality level within the industry despite new challenges from economic cycles and external conditions [2] - It will focus on key areas and adhere to a risk management baseline, implementing prudent credit policies and enhancing risk monitoring through financial technology [2] Group 2: Loan Growth Sustainability - The company has been increasing its loan scale by focusing on key sectors such as private small and micro enterprises, manufacturing, and consumer spending [2] - Future loan growth is expected to continue as policies promoting domestic demand and consumption are released, effectively meeting the financing needs of the real economy [2] Group 3: Refinance and Internal Growth - The company aims to balance dividends with internal capital growth to ensure a solid capital foundation for sustainable business development [2] - Internal capital is expected to create greater value for the company, with ongoing efforts to enhance performance and provide returns to shareholders [2] Group 4: Compliance and Disclosure - During the investor relations activity, the company ensured full communication with investors and adhered to disclosure regulations, with no significant undisclosed information leaked [2]

股票代码：003037 股票简称：三和管桩 广东三和管桩股份有限公司 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 活动参与人员 一、参与人员： 东方财富证券股份有限公司 郁晾 中邮证券有限责任公司 赵洋 二、上市公司接待人员姓名： 董事会秘书：余俊乐 财务总监：曾立军 证券事务代表：高永恒 时间 2025 年 12 月 9 日（星期二）10:00-11:00 地点 公司二楼会议室 形式 现场会议 交流内容及具体 问答记录 1、问：公司现在大致的客户结构（地产、市政、基 建）和区域结构？ 答：从下游领域来看，公司营业收入主要来源于工业 项目，占比 50%以上，此外房地产、公共建设及光伏项目 也是重要的收入来源。近年来，公司持续拓展光伏、风电、 水利等新兴应用场景，收入结构不断优化。2025 年上半年， 公司光伏用桩占桩类产品销量比例已达 15.63%，水利用 桩与风电用桩占比分别提升至 3.17%和 0.51%。 分地区来看，目前公司收入主要集中在华东地区和中 | 南地区。2025 年 ...

Group 1: Semiconductor Strategy and Talent Acquisition - The company has established a clear and complementary talent layout for its semiconductor strategic transformation, led by Dr. Zhang Jian, who has extensive experience in the semiconductor industry [2][3] - The independent director, Professor Chen Wei, provides authoritative academic guidance on the company's technology route and innovation breakthroughs [2] - A specialized and international execution support system has been formed, integrating talent from Taiwan and Singapore [2] Group 2: Investment and Business Development - The company has acquired a 46% stake in Wuxi Nuanchip Semiconductor Technology Co., Ltd. for 46 million RMB, with a performance commitment of an average net profit of no less than 10 million RMB for the years 2025, 2026, and 2027 [5] - The company plans to further increase its stake in Wuxi Nuanchip to achieve control in the future [5] - The strategic goal is to elevate Wuxi Nuanchip to a core enterprise in the domestic chiller sector within 3-5 years, focusing on major clients in the logic and memory chip fields [6] Group 3: Technology and Innovation - The company has over 400 authorized patents, including more than 70 invention patents, showcasing its commitment to technological innovation in packaging [8] - The company has established an advanced technology R&D center and invested significantly in upgrading production equipment and processes [8] Group 4: Share Buyback and Investor Relations - The company recently completed a share buyback plan worth 39.9 million RMB, aimed at enhancing investor confidence and increasing shareholder returns [8] - The planned buyback will utilize self-owned and raised funds, with an estimated range of 30 million to 60 million RMB [8] Group 5: International Market Expansion - The company is actively seeking growth opportunities in overseas markets, particularly in Southeast Asia, through its subsidiary in Singapore [8] - The client base primarily consists of international companies and global leaders, indicating a strong focus on global market expansion [8]

Group 1: Investor Relations Activities - The company conducted multiple investor relations activities from November 24 to December 5, 2025, including on-site research and telephone conferences, with participation from various investment firms totaling 78 individuals [2][3][4]. - Notable participants included AGCM Group with 10 individuals and a large group of 55 from various asset management firms during a telephone conference [3][4]. Group 2: Automation Business Growth - The company aims to enhance its market share in automation through multi-product solutions, focusing on servo systems, variable frequency drives, small PLCs, and industrial robots, which have shown strong market presence in China [4][5]. - The company is expanding its presence in fragmented and project-based markets, as well as targeting international markets to boost global product share [4][5]. Group 3: New Product Development - Recent product extensions include precision machinery, pneumatic products, and sensors, which are being marketed through bundled sales strategies to meet customer needs [4][5]. - The company anticipates significant growth potential for these new products, which are expected to support its general automation business [4][5]. Group 4: PLC Product Expansion - The company has successfully sold various PLC products, including small, medium, and large PLCs, with a current market share of approximately 5.1% for large PLCs, ranking sixth in China [5][6]. - Continuous investment in R&D for PLC products is planned to enhance capabilities and market penetration [5][6]. Group 5: Internationalization Strategy - The company aims to increase its overseas business share, focusing on brand building, establishing international platforms, and leveraging customized solutions for multinational clients [7]. - The international strategy includes enhancing sales, R&D, and supply chain capabilities to support global expansion [7]. Group 6: Elevator Business Outlook - The elevator business is expected to maintain steady growth, with strategies to expand into multinational enterprises and enhance product offerings in overseas markets [8][9]. - The company is also focusing on after-service markets, capitalizing on the growing demand for elevator maintenance and upgrades [8][9]. Group 7: R&D Investment Focus - The company plans to allocate 8% to 10% of its revenue to R&D, targeting software development, international product offerings, and humanoid robotics [9]. - This investment is aimed at maintaining technological leadership and supporting strategic business initiatives [9].