Q3:标的公司的应收账款情况和商誉情况如何？ A： 报告期各期末，标的公司应收账款账龄构成情况如下 单位：万元 | 账龄 | 2025.8.31 | 2024.12.31 | 2023.12.31 | | --- | --- | --- | --- | | 0-3 月 | 74,778.97 | 71,147.16 | 65,885.34 | | 3-6 月 | 5,716.82 | 4,966.31 | 5,452.21 | | 6-12 月 | 1,808.29 | 1,090.82 | 1,206.16 | | 1-2 年 | 672.59 | 902.03 | 448.57 | | 2-3 年 | 267.63 | 287.02 | 128.97 | | 3-4 年 | 157.10 | 115.89 | 75.23 | | 4-5 年 | 95.89 | 70.21 | 106.80 | | 5 年以上 | 460.51 | 390.30 | 283.50 | | 账面余额合计 | 83,957.79 | 78,969.73 | 73,586.79 | | 减：坏账准备 | 1,948.25 | 1 ...

Group 1: Company Overview and Strategy - The company has focused on the fiber sector for over 20 years, becoming a trusted partner for global automotive and tire enterprises, emphasizing innovation as a key driver for sustainable development [2][3] - The transition from "manufacturing" to "intelligent manufacturing" is a critical phase, with ongoing investments in R&D and technology breakthroughs [3] - The company aims to align its transformation with national strategic needs, setting clear goals for technology iteration and industrial upgrading over a five-year strategic cycle [3] Group 2: New Materials Development - Projects in new materials are progressing, focusing on high-performance fibers for applications in composite materials and hydrogen energy [4] - The company has achieved batch sales of PPS long fibers and is testing applications in hydrogen membrane fields [4] - The R&D efforts are concentrated on fiber products, showcasing innovation capabilities in new materials while also making progress in fine chemicals to achieve import substitution and reduce production costs [4] Group 3: Competitive Advantages - The company possesses over 20 years of experience in fiber spinning and modification, establishing a mature technology system in high-end automotive and industrial fibers [5] - It has a full supply chain capability from raw material processing to finished product production, ensuring cost control and quality stability [5] - The company has received certifications from multiple high-end clients, securing a place in core supply chains [5] Group 4: Strategic Projects and Collaborations - The implementation of LCP resin and spinning oil agent projects is a key move in the dual-driven strategy of stabilizing traditional business and seeking growth in emerging sectors [6] - A joint innovation center has been established with Donghua University, enhancing the company's core competitiveness in high-end new materials and promoting the application of research outcomes [7] Group 5: Market Trends and Future Outlook - The industry concentration is expected to increase, with high technical and customer certification barriers in the curtain fabric sector [8] - The rise of domestic new energy vehicles presents growth opportunities for automotive fiber businesses, particularly in safety belt and airbag fibers [9] - The company is expanding production capacity in Vietnam, focusing on polyester industrial yarn and curtain fabric to meet global demand [11] Group 6: Financial and Investment Strategy - The company plans to focus capital expenditures on expanding overseas production bases and industrializing new materials developed by its research institute over the next three years [14] - Investments are being made through an industrial fund to secure high-quality resources in new materials, particularly in high-performance fibers and life sciences [13]

湖北东田微科技股份有限公司投资者关系活动记录表 证券代码： 301183 证券简称：东田微 编号：2026-002 | □ | 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 □ | | □ | 新闻发布会 □ 路演活动 | | 类别 □ | 现场参观 | | | 其他 | | ☑ | | | 参与单位名称 | 云溪基金、诺德基金、国盛证券、上海珺容投资、国盛证券研究 | | （排名不分先 | 所、泰信基金、蜂巢基金等 | | 后） | | | 时间 | 年 月 日 （周三） 下午 14：00-14：40 2026 1 28 | | 地点 | 电话会议 | | 上市公司接待人 | 公司董事兼总经理谢云、董秘兼财务总监李广华 | | 员姓名 | | | | 一、公司高管对公司情况介绍 | | | 年公司在"成像光学业务稳步升级"与"通信光学业 2025 | | | 务快速放量"的双轮驱动下，实现了经营业绩的增长。未来，公 | | | 司将继续聚焦光学主赛道，深化技术研发，优化产品结构，把握 | | | 市场机遇，致力于以更好的业绩回报广大投资者的信 ...

铸造和精加工，在风电和燃气轮机之间可以进行产能调整。 证券代码：002595 证券简称：豪迈科技 山东豪迈机械科技股份有限公司 投资者关系活动记录表 编号：20260128 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 国海证券 董伯骏等 国泰基金 戴计辉等 西南证券 周鑫雨 西部证券 邓宇轩 天风证券 任康等 兴全基金 姚佳等 时间 2026 年 1 月 27 日-2026 年 1 月 28 日 地点 豪迈科技公司接待室 上市公司 接待人员姓名 证券事务代表 赵倩倩 投资者关系 活动主要内容 介绍 一、基本情况 1、轮胎模具业务的产品定价及产品毛利率情况。 公司轮胎模具业务有系统的定价机制，会综合考量产品的规格型号和尺寸、加 工难度、复杂程度、订单周期等多方面因素而定，毛利率水平主要与产品的类型、 复杂程度等相关。 2、轮胎模具业务毛利率变化的影响因素。 2025 年上半年，轮胎模具业务毛利率 40.21%，同比降低 1.00 个百分点，主要 受产品结构变化、人员数量增加等因素的叠加影响，其中人员 ...

证券代码：301020 证券简称：密封科技 烟台石川密封科技股份有限公司 投资者关系活动记录表 答：近几年公司密封垫片业务紧跟主机厂发展步伐，积极开展同步研发，通过 行业领先的技术和产品一致性优势赢得客户，市场份额不断提高，经过多年的稳健 经营和口碑积累，公司在细分行业内一直处于领先地位；金属涂胶板业务主要面临 进口产品的竞争，公司经过多年的技术研发，产品性能已接近国际先进水平，产品 价格相比进口产品也有一定优势，性价比突出。公司以发动机密封技术优势为基础， 将继续加快新能源车密封、精密加工等领域布局，同时向变速箱、泵类、换热、制 冷等多行业密封领域拓展。 4.公司25年在新能源车板块业务开展情况及营收占比多少？ 答：今年公司持续在新能源汽车市场发力，与多家新能源头部车企在新能源增 程、混动车型等多个品类实现量产配套供货，新能源混动、增程车型密封业务增长 较快。但由于单车价值量低，且基数较小，目前营收占比仍然不高。 5.募投项目"密封垫片技改扩产项目"延期对公司是否有影响？ 编号：2026-001 | 投资者关 系活动类 | 特定对象调研 ☐ | 分析师会议 | | --- | --- | --- | | ...

Group 1: Fundraising and Project Adjustments - The company announced a change in fundraising strategy, terminating the "Expansion of Large-Sized Light Guide Plate Project" to enhance the efficiency of fund usage [1] - Remaining funds will be redirected to the TAC film project at Anhui Jiguang and the reflective polarizing film project at Suzhou Yijia [1] - The company aims to extend its business from light guide plates to adjacent fields, establishing a second growth curve through these optical films [1] Group 2: Market Analysis and Competitive Landscape - The demand for TAC film is projected to reach 1.229 billion square meters by 2025, with over 70% of panel production capacity located in mainland China [2] - TAC film constitutes over 50% of the cost of polarizing film materials, significantly impacting the profitability of polarizing film manufacturers [2] - Currently, the TFT-grade TAC film used in mainland China is heavily reliant on imports, with Japanese suppliers holding approximately 75% of the global market share [2] Group 3: Project Progress and Development - Anhui Jiguang obtained the construction permit for its factory in June 2025, with steady progress in construction [2] - Major equipment for the TAC film project is expected to be delivered and tested in the first half of this year [2] - Initial test results of trial films sent to downstream polarizing film and panel manufacturers show no significant discrepancies from internal testing results [2]

证券代码：001233 证券简称：海安集团 海安橡胶集团股份公司 投资者关系活动记录表 编号：2026-009 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 参与单位名称 及人员姓名 参与单位名称及人员姓名（排名不分前后）： 景顺长城基金管理有限公司：王开展、范顺鑫、曹雅倩 国泰海通证券股份有限公司：刘威、李沁人、张元 上市公司接待人员姓名： 董事会秘书 林进柳 证券事务代表 郑伟达 时间 2026 年 1 月 28 日 地点 公司会议室、线上视频会议 形式 线上交流 交流内容及具 体问答记录 1、未来行业需求发展趋势如何？全钢巨胎市场空间有多大？ 答：全钢巨胎作为重型矿用自卸卡车（负载 90 吨以上）的核心消耗品 之一，根据加拿大 Syncrude 公司的研究，对于一个大型露天矿山中的车辆 运营费用，轮胎消耗成本占比约为 24%，其市场需求与全球采矿业的发展紧 密相连。现行全球主要矿产资源探明储量及开采总量多年来保持增长趋势 （如铁矿石、铜矿石等），直接拉动了对全钢巨胎的配套需求。另国家政策 鼓励加大矿 ...

Group 1: New Retail Channel Development - The company has successfully entered the Sam's Club retail channel and launched customized products, enhancing brand image and product value [1] - The collaboration with new retail channels is based on a customized model, which helps avoid direct price competition and improve brand image [1] - Future plans include deepening cooperation with leading retailers and exploring more customized, high-quality product lines [1] Group 2: Market Recovery Expectations - The company observes a clear trend of consumers pursuing cost-effectiveness, with stable demand for low-priced products [2] - Overall market recovery is expected to be gradual, with the company closely monitoring changes in the dining and retail sectors to adapt product and channel strategies [2] Group 3: Core Development Plans for the Next 2-3 Years - The company’s development plans focus on four main areas: optimizing hot pot products, expanding deep processing of aquatic products, developing snack food categories, and exploring baking-related businesses [3] - The realization of these plans depends on positive progress in market and channel factors, which introduces uncertainty [3] Group 4: Cost Control and Financial Management - The increase in sales expense ratio is attributed to a contraction in revenue scale, leading to a higher expense proportion [4] - Future plans include enhancing detailed management and budget control of expenses, ensuring efficient allocation of marketing and channel investments [4] - The company aims to improve expense ratios as new channels and products gradually scale up, making cost control a continuous operational focus [4] Group 5: Product Development Challenges - The company is focusing on new product development in the hot pot category, emphasizing quality and optimizing existing products while developing exclusive new products based on channel needs [5] - Continued investment in research and development is prioritized to achieve breakthroughs in product formulation and technology, enhancing product competitiveness [5]

证券代码：002463 证券简称：沪电股份 沪士电子股份有限公司 投资者活动记录表 公司专注于高性能与高信赖性 PCB 所需的核心技术，包括高多层、高频 高速、高密度互连及高通流等 PCB 关键技术研究。通过对信号完整性、电源 完整性与系统集成等基础研发方向的系统布局，公司建立起了系统领先的技术 能力。凭借深厚的技术积累，公司能够及时响应技术迭代，应对行业变革，长 期保持竞争优势。公司与国内外众多终端客户展开多领域深度合作，适配多技 术平台，构建广泛覆盖的技术生态，通过技术创新、均衡的多元化客户结构、 供应链韧性及区域布局，在复杂的市场环境中保持韧性和竞争优势，在不确定 中锚定确定性。 3、资本开支及市场情况 AI 驱动的服务器、数据存储和高速网络基础设施需求增长以及新兴应用 领域的拓展为行业带来发展机遇，公司近两年加快资本开支， 2025 年前三季 度财报现金流量表中购建固定资产、无形资产和其他长期资产支付的现金约 21.04 亿。公司在 2024 年 Q4 规划投资约 43 亿新建人工智能芯片配套高端印 制电路板扩产项目于 2025 年 6 月下旬开工建设，目前也正有序推进，预期将 在 2026 年下半年 ...

证券代码：002440 证券简称：闰土股份 编号：RTIR-2026-002 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 富国基金（张啸伟 黄彦东） 长江证券（王呈） 时间 2026 年 1 月 28 日 上午 10:30-11:30 地点 闰土大厦 2511 会议室 上市公司接待人 员姓名 副总经理、董事会秘书刘波平 投资者关系活动 主要内容介绍 交流的主要内容： 公司副总经理、董事会秘书刘波平先生就染料行业发展概况、染料市场 行情及公司经营方面的相关问题与投资者进行了交流。 1、染料行业竞争格局情况 答：我国已成为世界染料生产数量、贸易数量和消费数量的第一大国， 染料产量约占世界染料总产量的 70%-75%。国内染料主要产区在浙江省、江苏 省和山东省，行业集中度较高。 分散染料主要生产企业为浙江龙盛、闰土股份、吉华集团、安诺其等； 活性染料主要生产企业有闰土股份、浙江龙盛、锦鸡股份等，印度活性染料 产能也已有相当规模。 染料行业属于充分竞争行业，近几年来，境内外染料产能增加，市场竞 | | 争有加剧迹 ...