美国国防公司美股盘前上涨， L3Harris Technologies(LHX.N)涨4%，洛克希德马丁(LMT.N)涨1.6%，雷 神科技(RTX.N)涨1.7%。 ...

近日，北交所上市公司雷神科技发布《2024环境、社会及治理(ESG)报告》，报告从稳健治理、创新引 领、绿色发展、以人为本、合作共赢等五大维度入手，系统性的阐述了公司在ESG 理念融入企业运营 各环节的实践举措，彰显出雷神科技在履行社会责任、推动可持续发展进程中的坚定决心与积极作为， 为行业ESG实践提供了可资借鉴的样本。 雷神科技创始人、董事长路凯林表示，百年变局奔涌激荡，高质量发展成为时代命题。置身"双碳"战略 与科技变革交汇的历史坐标，雷神科技将始终秉持"向稳而进，向新而驰，向善而立，向绿而行"的ESG 发展观，将可持续基因植入"电竞+信创"双轮驱动战略，以稳健运营之态筑基，以科技创新之力攀高， 以企业责任之核拓界，以绿色变革之姿破局，在商业价值与社会价值的协同中开辟新境界。 深耕科技创新，提升用户体验 报告指出，雷神科技严格遵守国家相关法律法规，搭建贯穿研发、售前、售后产品全生命周期的产品质 量管理和客户服务体系，紧跟技术发展前沿，积极采用数字化技术手段，致力于为用户提供卓越的产品 使用和服务体验。 为确保各项重要ESG议题被纳入到日常经营管理，保障企业ESG工作在内外部顺利落实，雷神科技已搭 建"董 ...

证券代码：872190 证券简称：雷神科技 公告编号：2025-039 青岛雷神科技股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 5 月 15 日 活动地点：全景网"投资者关系互动平台"（https://ir.p5w.net） 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 保荐代表人：成晓辉先生 三、 投资者关系活动主要内容 本次业绩说明会通过视频方式对公司情况及 2024 年度经营业 绩情况进行了介绍。同时，公司在年度报告业绩说明会上就投资者 普遍关注的问题进行沟通交流，主要问题及回复情况如下： 参会单位及人员：通过网络方式参与公司 2024 年年度报告说明 会的投资者 1 上市公司接待人员： 董事长、总经理：路凯林先生 董事会秘书：宋波先生 财务总监：张亮先生 问题 1：AIPC 被认为是行业复苏的关键驱动力，但市场竞争 激烈。公司 ...

Group 1: Investor Relations Activities - The company held an earnings briefing on May 15, 2025, via the "Investor Relations Interactive Platform" [3] - Key personnel present included the Chairman, General Manager, Secretary of the Board, and Financial Director [4] Group 2: Financial Performance - In Q1 2025, the net profit attributable to the parent company was CNY 9.494 million, a 55.88% increase year-on-year [6] - The company achieved a revenue of CNY 2.955 billion in 2024, representing a 15.65% growth, the highest since its listing [6] - Overseas business contributed CNY 1.15 billion, a 57.54% increase, accounting for 39% of total revenue [6] Group 3: Market Strategy and Product Development - The company focuses on technological innovation and has established a collaborative system for cost optimization [4] - The product ecosystem includes AI PCs, smart glasses, and AI intelligent systems to enhance product value and user experience [4] - The company has launched several new products, including the first range-extended AIPC and a 2.5K 360Hz gaming laptop [8] Group 4: Overseas Market Expansion - The company has adopted localized strategies for overseas markets, achieving significant breakthroughs in the US, Latin America, the Middle East, and Southeast Asia [7] - Sales through e-commerce platforms like Amazon and AliExpress have increased brand recognition internationally [7] Group 5: Future Outlook - The management expresses confidence in long-term development despite short-term market uncertainties [12] - The company aims to enhance operational management to provide better returns for shareholders [12]

Core Insights - The company has maintained strong growth momentum in the first quarter of 2024, driven by its dual strategy of "e-sports + innovation" and embracing AI and globalization trends [1][2] - The company has successfully expanded into nearly 40 countries, with overseas sales growing by 57% last year, contributing significantly to overall performance [3] - The company has secured over 300 projects in the "innovation" sector, including major contracts with leading institutions, which has been a key driver of revenue growth [3] 2025 Strategic Plans - The company aims to capitalize on AI opportunities, with products like the RTX50 series gaming laptops and AI smart glasses experiencing high demand upon launch [4] - The company is focused on building a comprehensive e-sports ecosystem, with plans to establish at least 100 e-sports hotels this year, having already built 32 and with 40 more under construction [4] - The company will continue to pursue its dual strategy of "e-sports + innovation," particularly in light of the government's push for comprehensive innovation replacement by 2027 [4]

证券代码：872190 证券简称：雷神科技 公告编号：2025-038 一、 说明会类型 青岛雷神科技股份有限公司（以下简称"雷神科技"或"公司"）于 2025 年 4 月 28 日在北京证券交易所信息披露平台（www.bse.cn）披 露了《青岛雷神科技股份有限公司 2024 年年度报告》及《青岛雷神 科技股份有限公司 2024 年年度报告摘要》，为方便广大投资者更深入 了解公司 2024 年年度经营业绩的具体情况，加强与投资者的互动交 流，公司拟召开 2024 年年度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 15 日（星期四）15:00-17:00。 （二）会议召开地点 本次业绩说明会将采用网络远程的方式举行，投资者可登陆全景 网"投资者关系互动平台"（http://ir.p5w.net）参与公司 2024 年年度报 告说明会。 1 青岛雷神科技股份有限公司 2024 年年度报告说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 四、 投资 ...

Group 1 - The core viewpoint of the news is that Qingdao Thunder Technology Co., Ltd. has successfully won the bid for the Haiguang chip desktop segment in the procurement project of Guotai Junan Securities, indicating its growing recognition and competitiveness in the financial sector of China's trusted innovation industry [1][4] - The winning model is the Boyue LX12-H0150 desktop computer, equipped with the Haiguang C86-3G eight-core processor with a clock speed of 3.0GHz, providing sufficient computing speed for complex tasks [3] - The financial trusted innovation industry in China is expected to grow from a market size of 113.825 billion yuan in 2022 to 301.901 billion yuan by 2026, with a compound annual growth rate of 21.5% [3] Group 2 - Thunder Technology is one of the earliest companies to layout domestic trusted innovation, accumulating deep technical expertise and industry experience, and has established a leading position in the financial trusted innovation sector [4] - The company has expanded its trusted innovation product offerings across various sectors, including finance, education, and healthcare, with over 300 successful bids, becoming a significant force in China's trusted innovation industry [4] - The "14th Five-Year Plan" emphasizes the complete domestic replacement of administrative and e-government systems by 2025, indicating a rapidly releasing market potential for the trusted innovation industry [5]

Investment Rating - The report assigns a "Buy" investment rating for the company, marking its first coverage [5]. Core Insights - The company is positioned to lead the development of smart glasses and is closely following the trend of AI PCs, showcasing its innovative products at the 2025 International Eyewear Exhibition [3][4]. - The company has introduced three models of smart glasses, demonstrating its technological strength in AR and AI, with the AI+AR version featuring the world's first dual-eye full-color array waveguide technology [3]. - The company continues to innovate in the gaming PC sector, launching various products that meet user demands, including high-performance laptops and mini PCs [4]. Financial Forecast - Revenue projections for 2025, 2026, and 2027 are estimated at 34.03 billion, 37.46 billion, and 42.07 billion yuan respectively, with corresponding EPS of 0.62, 0.92, and 1.32 yuan [5][9]. - The current stock price corresponds to a PE ratio of 53, 36, and 25 for the years 2025, 2026, and 2027 respectively, indicating potential for revenue and profit growth driven by market demand recovery and new customer acquisition [5][9]. - The company is expected to experience significant growth in net profit, with a forecasted increase of 190.1% in 2025 and continued growth in subsequent years [9].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [5]. Core Insights - The company is leading the development of smart glasses and is closely following the trend of AI PCs, showcasing its innovative products at the 2025 International Eyewear Exhibition [3][4]. - The company has introduced three models of smart glasses, including the world's first dual-eye full-color array waveguide technology, enhancing user experience with high brightness [3]. - The company is also launching a series of gaming laptops and mini PCs to meet the growing demand in the esports and AI PC markets [4]. Financial Forecast - Revenue projections for 2025, 2026, and 2027 are estimated at 34.03 billion, 37.46 billion, and 42.07 billion yuan respectively, with corresponding EPS of 0.62, 0.92, and 1.32 yuan [5][7]. - The company is expected to benefit from market demand recovery and the introduction of new clients, leading to sustained revenue and profit growth [5]. - The projected growth rates for revenue are 15.1% in 2025, 10.1% in 2026, and 12.3% in 2027 [7]. Key Financial Metrics - The company’s net profit is forecasted to grow significantly, with a projected increase of 190.1% in 2025, followed by 47.5% in 2026 and 43.9% in 2027 [9]. - The return on equity (ROE) is expected to rise from 2.5% in 2024 to 12.0% by 2027, indicating improved profitability [9]. - The company's asset-liability ratio is projected to decrease from 54.2% in 2024 to 49.5% in 2027, reflecting a strengthening balance sheet [9].

Investment Rating - The report maintains an "Outperform" rating for the company [6][7]. Core Insights - The company reported a revenue of 2.955 billion yuan for 2024, representing a year-on-year increase of 15.65%, while the net profit attributable to the parent company was 21 million yuan, down 37.66% year-on-year [6]. - The company is expected to benefit from the recovery of the PC market stimulated by national subsidies in the second half of 2024, with a focus on the performance of new products, including RTX 50 series graphics cards and AI smart glasses [6][7]. - The company has seen significant growth in its overseas business, which increased by 57.54% year-on-year, driven by partnerships with distributors in various regions [6]. Financial Data and Profit Forecast - Total revenue projections for 2025-2027 are 32.58 billion yuan, 35.74 billion yuan, and 39.28 billion yuan respectively, with adjustments made due to market conditions [7]. - The net profit forecast for the same period is 0.40 billion yuan, 0.45 billion yuan, and 0.52 billion yuan respectively, reflecting a downward adjustment due to market price wars and fluctuations in profit margins [7]. - The company’s gross margin for 2024 was 8.08%, a decrease of 0.58 percentage points year-on-year, influenced by increased competition and foreign exchange losses [6][7].