证券代码：002320 证券简称：海峡股份 海南海峡航运股份有限公司 投资者关系活动记录表 | 编号：20260129 | | --- | | 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 | 东吴证券 王琳婧 吴劲草 姚瑶 | | 员姓名 | 华夏基金 周念欣 应依恬 武轶男 胡卫兵 | | 时间 | 2026年1月29日 11:00-12:00 | | 地点 | 海南省海口市滨海大道157号港航大厦14层 | | 上市公司接待人员姓 名 | 刘哲 公司介绍：公司2002年由海南港航控股有限公司、深圳市盐田港股份 | | 投资者关系活动主 | 有限公司等5位股东发起设立，2009年公司在深圳证券交易所挂牌上市，为 公司快速发展奠定基础。2017年公司增发股份收购海南港航的轮渡码头资 | | 要内容介绍 | 产，业务扩展至港口服务，迈出港航一体化的第一步。2019年公司的间接 | | | 控股股东变更为中国远洋海运集 ...

证券代码：301156 证券简称：美农生物 上海美农生物科技股份有限公司 投资者关系活动记录表 编号：2026-01 投资者关系 活动类别 特定对象调研 □媒体采访 □新闻发布会 现场参观 其他 分析师会议 业绩说明会 □路演活动 电话会议 参与单位名称 远希私募、绅徽投资、山西证券 时间 2026 年 1 月 29 日 地点 公司会议室 上市公司接待 人员姓名 董事会秘书：张维娓 投资者关系活动 主要内容介绍 本次活动主要交流内容如下： 一、董事会秘书简要介绍公司概况 二、互动交流问答环节： 1. 公司境内外业务占比情况如何？未来业务拓展计划是 什么？ 答： 根据公司《2025 年半年度报告》披露的数据可以看出，公 司境内业务营业收入占比 60%多，境外业务营业收入占比接 近 40%。 未来，公司继续执行"深耕国内市场、突破国际市场"的 市场战略。在国内市场，将积极实施变革创新，通过拓宽 种类市场、做深客户市场、做强核心产品，发挥公司在国 内市场的客户资源、产品与服务能力、营销网络、品牌等 优势，继续做强做大。在海外市场，公司重点突破"一带 一路"沿线国家市场，坚持"走出去、请进来"的市场开 | 发策略，持 ...

Group 1: Market Position and Competitive Advantages - The full-steel giant tire industry is characterized by an oligopolistic market structure, dominated by three major international brands, with the company closely following in market share, brand, and technology [2][3] - The company's core advantages include: 1. Deep mining service expertise and technological leadership, with a history dating back to the 1980s [2] 2. A unique "product + operation" business model that offers full lifecycle services for mining tires, enhancing customer efficiency and safety [2][3] 3. A strong customer base, having established long-term partnerships with major global mining companies [3] 4. A mature global network with over ten subsidiaries abroad, covering dozens of countries and providing localized services [3] Group 2: Market Dynamics and Challenges - The Russian market remains competitive despite the exit of brands like Michelin and Bridgestone, with the company continuing to grow its customer base in Russia [3] - The full-steel giant tire industry has high entry barriers due to technical, market, and financial challenges: 1. Technical barriers arise from the need for extensive R&D and practical feedback from long-term usage [4] 2. Market barriers exist as mining companies prioritize safety and efficiency, making it difficult for new entrants to gain acceptance [4] 3. Financial barriers are present due to the capital-intensive nature of the industry and high expectations for supplier reliability [4] Group 3: Financial Performance and Growth - The company has achieved a compound annual growth rate (CAGR) of over 22% in non-Russian overseas markets during the reporting period [5] - The number of global trading customers has nearly doubled [5] Group 4: Risk Management and Operational Strategies - The company currently does not have risk hedging measures for raw materials like natural rubber and carbon black [6] - To manage raw material price volatility, the company has established long-term relationships with suppliers, allowing for better bargaining power and dynamic adjustment of procurement strategies [7] Group 5: Future Plans and Employee Engagement - There are no current plans for stock financing [8] - The company values talent as a cornerstone of innovation and growth, with plans for future equity incentives to align employee contributions with long-term company value [10]

证券代码：002156 证券简称：通富微电 通富微电子股份有限公司投资者关系活动记录表 编号：2026-003 | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 中大君悦：陈修能、曲芳；东吴证券：刘玥娇；彤源：麦世学； | | 人员姓名 | 农银汇理基金：张璋；华宝信托：张卿隆；太平养老：张凯；华 | | | 源电子：熊宇翔；弘毅远方：陈祥辉；源乐晟：吴雨哲；博衍基 | | | 金：卢湛 | | 时间 2026 | 年 1 月 29 日 | | 地点 | 公司会议室 | | 上市公司接待人 | 董事会秘书 蒋澍 | | 员姓名 | | | | 一、公司概况 | | | 通富微电是集成电路封装测试服务提供商，为全球客户提供 | | | 从设计仿真到封装测试的一站式服务。公司的产品、技术、服务 | | | 全方位覆盖了人工智能、高性能计算、大数据存储、显示驱动、 | | 5G | 等网络通讯、信息终端 ...

证券代码：000951 证券简称：中国重汽 中国重汽集团济南卡车股份有限公司 1 | 上市公司 | 董事会秘书 张 欣 | | --- | --- | | 接待人员姓名 | 投关专员 胡 啸、何炳易 | | | 公司董事会秘书张欣女士简要介绍了公司情况，并就投 | | | 资者关心的问题进行了沟通和交流。主要内容如下： | | | 1、请简单介绍一下公司近期运营情况。 | | | 年我国重卡市场总销量 根据第一商用车网数据，2025 | | | 114.5 万辆，同比增长 27%。公司在 2025 年总体产销情况较 | | | 去年同期继续保持良好的增长态势。 | | | 目前，公司生产经营保持稳健，且在手订单较为充裕。 | | | 公司凭借持续增强的产品竞争力与积极有效的市场拓展，市 | | | 场份额继续位居重卡行业前列。 | | | 2、请简单介绍一下公司旗下的车桥公司和后市场公司近 | | | 期情况。 | | 投资者关系活动 | 车桥公司是公司的控股子公司，公司持有其 51%的股权。 | | | 车桥公司产品供集团公司旗下整车生产单位使用。得益于与 | | 主要内容介绍 | 集团整车生产单位的紧密合 ...

Group 1: Company Overview and Market Position - Hebei Zhongci Electronic Technology Co., Ltd. is a key supplier of ceramic products for optical modules, with a strong presence in power devices and AI-related fields, ensuring a mature product offering to meet domestic and international demands [2]. - The company maintains a high capacity utilization rate and has sufficient orders on hand, with expectations for continued growth in product volume throughout 2026 [2]. Group 2: Research and Development Focus - Zhongci Electronic emphasizes R&D investment, maintaining a high percentage of revenue allocated to R&D, focusing on electronic ceramic materials and third-generation semiconductor devices [3]. - The company has achieved significant breakthroughs in the field of semiconductor electrostatic chucks, matching international product standards and entering mass production [4]. Group 3: Market Management and Investor Relations - The company is committed to enhancing its core competitiveness through continuous technological innovation and operational efficiency, which forms the basis for market value enhancement [5]. - Zhongci Electronic actively engages with investors through communication, cash dividends, and compliant capital operations to accurately convey its internal value to various investors [5]. Group 4: Product Development and Applications - The subsidiary, Bowei Company, is advancing the development of RF chips for satellite communication systems, including direct-to-satellite connections for mobile devices [5][6]. - Bowei has achieved comprehensive technological breakthroughs in GaN power amplifiers for 5G base stations, with a full range of technology now available [6]. Group 5: Competitive Advantages in RF Chip Business - Zhongci Electronic's RF chips are the preferred choice for domestic base station users, leading in performance, quality, and shipment volume, with a core team boasting over 20 years of industry experience [7]. - The company plans to focus on key development areas such as base station communications and low-altitude connectivity in the future [7].

Group 1: Financial Performance - The company disclosed its 2025 annual performance forecast on January 29, 2026, with specific financial data available in the official announcement [2] - As of Q3 2025, the total bank loans (long-term and short-term) amounted to 670 million CNY [4] Group 2: Revenue Composition - Revenue from magnetic components accounts for 50%-60%, while optical communication products contribute 15%-25%, and power products make up 10%-20% [2] Group 3: Future Growth and Development - The magnetic components business aims to strengthen its core competitive advantage in the communication sector, leveraging established technology and customer base while exploring emerging markets such as photovoltaics, energy storage, and AI computing [5] - The company will focus on core strengths and enhance efficiency, increasing R&D investment and optimizing global supply chain and overseas market channels [6] Group 4: Business Synergy - There is a significant business synergy among different product lines due to overlapping high-quality customer groups, allowing for mutual customer resource sharing and increased market share [7]

Group 1: Non-Related Client Development - The company has actively expanded its non-related client base, currently covering major enterprises such as State Power Investment Corporation, Inner Mongolia Power Group, China Huaneng Group, and others [2] - Future initiatives for expanding non-related clients include developing a "software-hardware-digital system integration" one-stop solution and promoting standard product services in various fields [2][3] Group 2: Organizational Structure and Management - A specialized team has been established to coordinate marketing services for major strategic clients, enhancing project execution and industry breakthroughs [3] - The company has implemented flexible organizational mechanisms and special performance assessments to motivate employees in non-related business areas [3] Group 3: Order Delivery Cycle and Inventory Management - The company's order delivery cycle is typically 6-18 months, influenced by project complexity and client funding arrangements [3] - As of June 2025, the company's inventory value increased compared to 2024 due to ongoing project implementations, while accounts receivable decreased, indicating a reasonable trend [3] Group 4: Product and Technology Advantages - The "Fuxi" series chips are designed to meet advanced industrial standards, offering high reliability and performance for smart power devices and industrial control [4] - The "Dawatt" model achieves 100% self-controlled software and hardware adaptation, significantly outperforming general models in power-specific tasks [5] - The "Dihong" IoT operating system is the first domestic power IoT OS, designed for large-scale device connectivity and operational maintenance, enhancing data interconnectivity and supporting digital grid upgrades [5]

Financial Performance - The company's net profit for 2025 is expected to be between RMB 260 million and RMB 310 million, representing a year-on-year growth of 186.91% to 203.62% [1] - The net profit after deducting non-recurring gains and losses is projected to be between RMB 270 million and RMB 320 million, with a growth rate of 203.72% to 222.93% [1] Strategic Partnerships - A licensing agreement was signed with Qilu Pharmaceutical on January 16, 2026, for the production and commercialization of RAY1225 injection in China, with an upfront payment of RMB 200 million [3] - The total potential milestone payments from Qilu Pharmaceutical could reach RMB 800 million, in addition to a double-digit royalty on net sales [3] Innovation and R&D Pipeline - The company focuses on innovative drug development for metabolic diseases and respiratory diseases, with two innovative drugs already approved for market [6][7] - RAY1225 injection, a dual receptor agonist, is currently undergoing multiple Phase III clinical trials for obesity and type 2 diabetes, showing promising efficacy and safety [11][12] - The company is also developing ZSP1601 tablets for metabolic dysfunction-related fatty liver disease, which has shown significant results in clinical trials [6] Market Opportunities - The market for metabolic-associated fatty liver disease (MASH) is substantial, with no approved treatments currently available, indicating a significant unmet clinical need [14] - Obstructive sleep apnea (OSA) affects approximately 176 million people in China, with RAY1225 injection potentially offering a new treatment option for this condition [16][18] Clinical Trial Progress - RAY1225 injection has completed Phase II trials with positive results, and Phase III trials are ongoing for various indications, including obesity and type 2 diabetes [12][17] - The company is committed to advancing its clinical trials with high quality and speed, focusing on innovative solutions for metabolic diseases and respiratory conditions [13]

Company Overview - Shandong Kuntai New Materials Technology Co., Ltd. specializes in the R&D, production, and sales of automotive soft interior materials and products, listed on February 16, 2023 [2] - The company covers the entire industry chain of automotive soft interiors, with main products including tufted carpets and needle-punched carpets, primarily serving the complete vehicle assembly market [2] - Kuntai has established stable partnerships with brands such as BMW, Audi, Mercedes-Benz, Volvo, Hongqi, NIO, Li Auto, and Xpeng, and has subsidiaries in the USA, Singapore, Mexico, and Morocco to expand overseas markets [2] Product Details - Tufted carpets are made from BCF fibers and are widely used in mid-to-high-end fuel vehicles and new energy vehicles, with a higher price point compared to needle-punched carpets [3] - Needle-punched carpets are made from short fibers and are commonly used in mid-to-low-end fuel vehicles and new energy vehicles [3] - Products are customized based on client needs, involving collaborative design from the outset to meet vehicle positioning, style, and performance requirements [3] Technological Integration - The company utilizes a range of digital systems including SAP, PLM, MES, and WMS to achieve interconnectivity across operations, effectively reducing reliance on manual labor through automated production lines [3] Overseas Production Plans - The Mexican production base has completed equipment installation and is in the initial phase of small-batch trial production, expected to officially commence in the second half of 2026 [3] - The Moroccan production base is actively engaging with relevant clients and preparing for investment approvals, having already secured strategic orders, with production anticipated to start in the second half of 2026 [3]