本次电话会议服务于中泰证券正式签约客户 未经中泰证券授权请勿对外传播本次会议的内容包括但不限于视频音频文字记录内容等信息感谢您的理解与配合中泰证券对违反上述要求的行为保留追究法律责任的权利市场有风险投资需谨慎本会议信息仅供参考不代表任何投资建议本公司不对任何人因使用本会议中的信息所引致的任何损失负担任何责任 好的各位领导上午好我是中泰汽车分析师刘欣畅感谢大家继续参与我们这个2025年的机器人机械电话会今天主要是我跟大家汇报一下近期的一个板块的观点包括一些行业的更新和标记的一些排序上周板块也是出现了比较大的一个震荡但是我们当时也是第一时间在客户群里面 强调我们还是坚定机械人是今年最强主线的这样一个判断也看好板块在有一些就是前面涨了比较多之后会有一些这个这个筹码拎挤的这样一个情况那你看好板块调整之后能够再创新高核心还是我们觉得这一轮机械人的行情跟前两轮是有非常本质的一个区别的主要是三点 前两轮其实主要还是停留在一个原型机的展示阶段它没有进入到产业化的量产所以持续性是比较弱的 只有少数的本地厂就是比如说像科斯拉这种为主的但是其实这一轮我们会发现从去年下半年到当前其实机器人它已经是全球科技巨头互联网公司的这样的一致共 ...

但是我们可以发现其实州内的这些波动是比较大的主要就是最近一段时间整个市场其实消息面比较分就是比较难辨别因为每天市场上有各种各样的这种小道消息出来但是呢又没有被证伪但从现在来看很多人都看那个消息呢真真假假其实就真一半假一半吧所以说整个行情呢就会出现这种 消息来的时候可能就波动一下然后发现这个消息是假消息又回到基本面的这样一个初期的一个状态所以说最近一段时间无论是邮局也好 三百货也好可能在操作上其实都是比较难操作的但我个人觉得从现在来看无论是三百货还是邮局可能都是一个区间震荡的这样一种走势但目前来说可能还没有出现一个非常明朗的这样的一个趋势性行情出来首先我们看一下美标市场 美洲现在是处于一个弱见时和强欲期的一种撕裂中首先看一下巴西现在整个主产中马托柏罗索已经收割接近尾声总的总收割率已经接近七成所以说巴西的丰产的压力目前已经开始陆续在释放巴西大陆整个出入中转也在增加 由于港口中堵,整个巴西的升级水,上周前半段是不断的在大幅的上涨到后半段的时间,整个巴西升级水就稳定到一个这样一个区间内 那么这也就使得整个目前整个对于美东来讲它的这个供给端还是有一定的压力那么从这个它这个中美包括这个美国与其他国家的这样一个关税情况来看 ...

大家好,欢迎参加开元专访的汽车雷迪克线上交流,目前所有参会者请取经营状态,下面开始播报名字,声明播报完毕后,由持人客主席开始发言 下研究观点的及时交流第三方专家发言内容仅代表其个人观点所有信息或所表述的意见并不构成对任何人的投资建议未经开源证券事先书面许可任何机构或个人严禁录音转发及相关解读涉嫌违反上述情形的我们将保留一切法律权利感谢您的理解和支持谢谢 各位投资者大家好今天我们有幸邀请到雷迪赫的董秘陆总来做一次线上的交流公司也是最近刚刚发布了这个收购协议与腾展机密的一个现金的股权的收购计划然后腾展机密是做滚珠丝杆和现金滚珠丝杆的这样一个 台湾的这样一个成立于台湾的这样一个企业在这个高均度传动零部件这块有非常深厚的这样一个工艺和技术的这样一个基地然后光是在新能源领域在半导体领域包括机械人领域都有非常强非常深厚的这样一个布局 然后公司主业是做汽车轴承然后在汽车轴承这块也是有非常好的客户结构包括像长安汽车上汽广汽都是公司的大客户公司也是在 目前主业方面业绩是业绩也是表现非常优异然后也有比较好的营运能力然后现在也是在往机器人板块去进行这样的切入然后后面我们下面我们时间就交给陆总然后投资者有什么问题可以直接上来提问谢谢 ...

尊敬的各位投资者和广大支持春梨医疗的伙伴朋友们大家上午好欢迎大家参加春梨医疗2024年度业绩及现金分红说明会很高兴和大家进行互动交流我是春梨医疗董事会秘书谢凤榜首先非常感谢上海证交所上证路演中心为公司搭建这样一个与投资者交流的平台 增加公司向资本市场展示的机会增进投资者对公司的了解及时传递公司的投资价值接下来请允许我介绍出席本次会议的公司管理层他们分别是春丽医疗董事长史文林女士春丽医疗总经理史春生先生春丽医疗财务总监李玉梅女士 今天我们的业绩说明会将会分为两个部分首先是由公司管理层致辞对公司2024年业务发展情况及现金分红情况做详细的介绍然后针对投资者关心的问题和大家进行互动希望今天的业绩及现金分红说明会能够让大家进一步了解春利医疗的经营情况和投资价值 首先有请公司董事长史文林女士致辞尊敬的各位投资者朋友大家上午好欢迎大家参加春粒医疗2024年度业绩及现金分红说明会我是公司董事长史文林首先我仅代表公司董事会管理层以及公司全体员工向一直以来关心支持与帮助我们的朋友表示感谢 春利医疗是国内领先的骨科医疗器械企业主营业务是植入性骨科医疗器械的研发、生产与销售主要产品包括关节、脊柱、运动医学以及创伤产品公司在关节领域 ...

记忆的航空航天最近刚刚给我们颁发了一个叫卓越质量奖啊这在全球的含金量应该来说都是非常高的他是说不仅说我们产品质量做的最好也是极少数能够保质保量暂时完成交货的这个企业啊赛峰是从去年跟我们谈这个长鞋包括现在把长鞋签掉了下周吧下周四月七号那一天 他的发动机事业部的这个负责人副总裁也会到我们这边来也做一些新的产品的这个谈判他的订单将会对我们今年整个航空的市场的订单增加也是比较确定的包括商发今年给我们的预期应该来说有5000万左右的这个订单的预期现在也都是比较不错的另外的话除了刚才燃机包括航发这边其实还有房天 航天系统的订单现在也是一个恢复的状态包括一些特种行业的一些客户订单从去年十月份开始恢复目前已经开始在做这个生产和交付了商用航天的话比如说 去年还给我们下了感谢信的叫蓝剑航天在做这个燕阳甲烷发动机燕阳甲烷火箭它的发动机的零部件就是从我们这边采购的我看了一下去年的情况我们也已经做了2000多万的销售了我们觉得未来随着商业航天的发展这也会是一个新的增长点其他的一些燃机的客户航发的车库都是在正常的增长订单都还是非常的不错的 有些不太方便提到名字的客户订单应该也还是很不错的这是两级业务第二个可能就是低空经济业务也是我今天要 ...

Summary of Conference Call Company Overview - The conference call discusses the financial performance and future outlook of Xu Electric, a company involved in the energy sector, particularly focusing on new energy and system integration. Key Points Business Strategy - The company's operational strategy for 2024 and 2025 focuses on two main keywords: restructuring and improving efficiency. Restructuring involves adjusting business, order, and revenue structures, while improving efficiency aims to enhance profitability and operational efficiency [2][3]. Revenue Structure - The revenue structure is improving, with a notable decline in the new energy and system integration segment, which saw a revenue drop of 1.5 billion (37.44%) compared to the previous year [3]. - The direct current transmission segment (Ultra High Voltage) experienced a revenue increase of 728 million (6.89%) [4]. - Equipment-related revenue now accounts for over 90% of total revenue, up from over 80% the previous year, indicating a shift towards higher-margin products [4][5]. Financial Performance - The total revenue for the year was reported at 17.089 billion, showing a slight increase despite expectations of a decline [4][6]. - The company anticipates a revenue target of 18.3 billion for 2025, representing a growth of 7.1% [6][7]. - Gross margin improved to 20.77% for the year, an increase of 2.77 percentage points year-over-year, with the first quarter of 2025 showing a gross margin of 23.57% [7][8]. Cost Management - The company aims to control expenses, with a target expense ratio of around 12%, slightly above the initial goal due to increased sales and R&D expenses [9][10]. - The sales expense ratio increased by 25% year-over-year, attributed to the establishment of a secondary marketing system to enhance market penetration [10][11]. Profitability - The company is focused on maintaining profitability despite rising costs, with measures in place to ensure that expense growth does not exceed revenue growth [11][12]. - The increase in accounts receivable and contract assets is expected to impact profitability, but the overall operating profit is projected to continue improving [12][13]. Market Outlook - The company is preparing for ongoing investments in the power grid, with expectations of stable growth in the sector [14]. - Future revenue from the Ultra High Voltage segment is projected to be around 1.2 billion, with a significant backlog of orders amounting to approximately 2.7 billion [16][21]. International Expansion - The company continues to focus on international markets, particularly in South America and the Middle East, with a strategy to deepen market penetration rather than broad expansion [40]. Challenges and Risks - The company faces challenges related to pricing pressures in the equipment market, with ongoing efforts to optimize costs and improve product design to maintain margins [37][38]. - The overall investment in the power grid is expected to increase, but the pace of growth may vary based on market conditions and project timelines [22][23]. Additional Insights - The company is actively working on enhancing its marketing and sales capabilities to better align with market demands and improve order matching rates [19][20]. - There is a focus on technological innovation and R&D to adapt to changing market needs and improve product offerings [10][11]. This summary encapsulates the key points discussed during the conference call, providing insights into the company's performance, strategy, and market outlook.

According to the proper management of securities futures investors, this telephone conference is only for clients on the white list of Hua'an Securities Research Institute. This conference does not constitute an investment suggestion for the participants of the conference under any circumstances. Related personnel should make their own investment decisions and bear their own investment risks. Hua'an Securities does not bear any responsibility for any loss caused by the use of the content of the meeting. Hua ...

好的各位投资者大家晚上好我是这声商社的研究员林福杰今天就是我们做一个重庆百货的这个推荐 整个去年的话其实也是发了整个的这个啊今年啊今年的这个比较早的也是发了整个1月14号也是发了公司的一级预告一级快报就是2024年那我们可以看到利润端的增长啊就是扣费的整个的这个啊这个性利润增速大概是8.16啊就是增长8.16如果拆分去看的话其实 金融科技这边的话因为就是持股31%啊整个2023年的整体的金融科技实现了19.8个亿的一个利润那公司持有31%的话其实整体的利润应该是6点北上融资贡献6.1这是2023年的2024年的话 这边的增长来讲的话是这个15%左右就是整体来讲的话15%左右来讲的话那就是我们去看的话应该说是在接近6.9接近7个亿的利润所以这一块来讲的话其实也是就是对于整个商务公司的利润的整个的增长是有一个比较大的一个贡献 那主业这边的话其实也是可以看到对于整个公司来打的话就是2024年的话其实拆分下来的话能实现一个5.2个亿的利润然后呢整体来讲的话其实还是应该说是在整个2024年的收入下降的基础上还是实现一个比较良性的就是好的一个整个的这个微增的一个情况那主业这边的话其实因为整个2024年来讲的话其实可以看到 ...

保留追究相关方法律责任的权利好的 谢谢会议助理各位投资者大家下午好非常感谢各位投资者来参加这个平美股份20年的一个联报的交流我是国生证券的经理 然后因为昨天晚上平美股份也是公布了这个20年年报业绩的一个情况啊那么我们觉得整体的这个业绩的水平呢还是符合整个市场的一个预期预期火火火火红红的一个规模啊那么我们今天是非常荣幸的邀请到了这个王总啊就公司20年的一些情况和大家所感兴趣的一些问题啊那么来做一个线上的一个沟通啊和交流王总您这边能听见吗 能听到首先非常感谢各位对平美股份的认可和支持我是正代王欣然后昨天晚上我们的年报以及这一系列的公告都已经上网相信大家也都有所这个也都看到了然后呢首先给大家介绍一下我们 这个24年的生产经营的情况24年的公司的完成原煤产量是2753万吨这个精煤产量是1195万吨商品煤销量2641万吨这个精煤的售价1753混煤的售价537 商品媒综合售价1016营收呢是302.81亿元归属于上市公司股东的净利润是23.5亿元基本每股收益呢是0.9616相信其他的数据大家也都也都看到了当然了我们去年的 去年的这个营收今年的经济论呃是有所下滑呃下降了40%左右呃主要呢还是在于这个呃美价的波动呃我们这个一 ...

Summary of Conference Call Records Company Overview - The company discussed its performance for the year 2024, highlighting a continuation of positive trends established since 2022, with significant improvements in quality, efficiency, and scale [1] - The total cargo volume reached 46.56 million tons, with a turnover of 100.6 billion ton-kilometers [1] - The company achieved a revenue of 6.475 billion yuan and a total profit of 2.247 billion yuan, with a net profit of 1.921 billion yuan, marking a historical high for the third consecutive year [1] Financial Performance - Total assets amounted to 12.927 billion yuan, with total liabilities at 1.95 billion yuan, resulting in a debt-to-asset ratio of 15.08%, a decrease of 6.36 percentage points from the beginning of the year [1] - The total profit increased by 390 million yuan year-on-year, with a growth rate of 20.99% [1] - Revenue from the transportation segment increased by 109 million yuan, attributed to favorable market conditions in 2024 [1][2] - The company disposed of old assets, generating a profit of 251 million yuan from the sale of four refined oil vessels [2] Market Dynamics - The refined oil transportation market has seen an increase in prices due to overall industry growth [2] - The Singapore subsidiary contributed approximately 950 million yuan to net profit, with the refined oil team generating 3.75 billion yuan in revenue, accounting for 57.92% of total revenue [3] - The average revenue per vessel in the international market has decreased significantly compared to the previous year, with a noted drop in freight rates in Q4 [6][7] Future Outlook - The international refined oil market is expected to experience fluctuations, with a gradual recovery anticipated in Q1 2025 [6][7] - The company plans to enhance its operational capacity by investing in new vessels, with a focus on MR (Medium Range) tankers [15] - The management emphasized the importance of adapting to geopolitical changes and market demands, particularly in light of sanctions affecting oil transportation [10][22] Strategic Initiatives - The company aims to modernize its fleet by retiring older vessels and investing in new builds, with a total investment of 3.5 billion yuan for 10 new vessels [16] - There is a strategic shift towards increasing operational efficiency and expanding into new markets, particularly in the western regions [15] - The management is committed to maintaining a healthy financial status while exploring new business opportunities in chemical and LNG transportation [18] Risks and Challenges - The company acknowledged potential challenges from increased supply in the refined oil market, which could impact pricing and profitability [20] - Geopolitical tensions, particularly sanctions against Russia and Iran, continue to pose risks to the transportation market [9][10] - The management expressed concerns about the aging global fleet and the need for compliance with evolving industry standards [23] Conclusion - Overall, the company demonstrated strong financial performance and strategic planning for future growth, while remaining vigilant about market risks and geopolitical factors that could influence operations [31][32]