QYResearch的观点和数据因被众多国内外知名企业、证券公司及媒体频繁引用与转载，而享有高度的 品牌知名度。其权威认证确保了所提供的行业分析及定制报告的可信度与专业度，是业界信赖的优选。 0 1 恒州博智的LED照明报告被深圳民爆光电公司中的年报引用 民爆光电（301362）2024年度管理层讨论与分析 据恒州博智发布的《2023年中国LED照明行业全景图谱》显示，2023年，全球LED防爆照明市场销售额达到 了49亿元，并预测在2028年将达到79亿元，期间的复合年增长率（CAGR）约为7.8%。这一增长可归因于 LED防爆灯在石油和采矿、军事基地、机场以及其他商业和工业领域的广泛应用，这些领域对于安全照明有着 极高的要求。 来源：证券之星 更多：https://stock.stockstar.com/RB2025040100020605.shtml 最新报告推荐：2025年全球及中国极端温度LED照明企业出海开展业务规划及策略研究报告 0 2 深圳思创策划咨询有限公司引用了恒州博智出版的外墙翻新服务市场分析报告 深圳建筑外立面改造项目可行性研究报告——市场分析 根据 QYR（恒州博智）的统计及预测，2 ...

Core Viewpoint - The company, Jiechang Drive, reported a robust performance in its 2024 annual report, showcasing significant growth in revenue and net profit, driven by its leadership in the smart linear drive control systems sector [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue of 3.652 billion yuan, representing a year-on-year increase of 20.37% [1] - The net profit attributable to shareholders reached 282 million yuan, marking a year-on-year growth of 36.91% [1] - The core business segment, linear drive products, saw a revenue increase of 20.65% [2] Group 2: Market Expansion - The company's overseas business revenue amounted to 2.535 billion yuan, accounting for 69.4% of total revenue, with a year-on-year growth of 18.85% [2] - Domestic business revenue grew by 24.99%, indicating a dual-driven growth model from both international and domestic markets [2] - The company is actively responding to the Belt and Road Initiative to enhance its international market presence [2] Group 3: Innovation and R&D - In 2024, the company invested 232 million yuan in R&D, ensuring funding for key technology breakthroughs and product innovations [3] - The company holds a total of 941 patents, including 111 domestic invention patents and 109 international invention patents [3] - The company is involved in significant R&D projects, including the "High Thrust Density Electric Linear Actuator" project in Zhejiang Province [3] Group 4: Robotics and Smart Manufacturing - The company is expanding into the robotics sector, focusing on linear actuators and dexterous hands for humanoid robots, targeting a market potential of hundreds of billions [4] - A joint venture, Zhejiang Lingjie Robotics Co., Ltd., was established to focus on the development and manufacturing of core components for robotics [4] Group 5: Investor Returns - The company plans to distribute a cash dividend of 0.30 yuan per share, totaling 115 million yuan, with a payout ratio of 40.80% [5] - The commitment to shareholder returns reflects the company's focus on long-term value creation while maintaining business growth [5]

Summary of the Conference Call for Jiechang Drive Company Overview - Jiechang Drive reported a record revenue of over 900 million in Q1 2025, with profits exceeding 100 million, maintaining the growth trend from Q4 2024. The net profit margin is approximately 15.6% [2][3] - The company expects total revenue for 2025 to exceed 4 billion, with net profits projected between 450 million to 500 million [2][3] Business Segment Performance - **Office Business**: Expected revenue of approximately 2.4 billion in 2024, a year-on-year growth of 25% [2][4] - **Medical Business**: Projected revenue of around 400 million, with a 10% year-on-year increase [2][4] - **Smart Home Business**: Anticipated revenue of about 200 million, showing a 50% growth [2][4] - **Industrial Business**: Close to 50% growth expected [2][4] - **Automotive Sector**: Monthly sales have surpassed 10 million [2] Strategic Initiatives - The company has formed a joint venture with Lingqiao Intelligent to establish Zhejiang Lingjie Robotics, holding a 47% stake, focusing on key components like dexterous hands and drive modules [2][5] - Plans to establish a robotics actuator business center focusing on linear actuators, rotary modules, and hollow cup motors [2][5] Market Expansion and Trade Impact - Jiechang Drive is expanding into Southeast Asia to mitigate the impacts of the North American trade war, with controllable tariff effects. 90% of goods are shipped directly from Malaysia, with tariffs borne by customers [2][6][9] - The company anticipates a recovery in the U.S. market, with some improvement noted in Q1 compared to the previous year [2][6] Financial Outlook - Overall performance is expected to improve in 2025, with revenue exceeding 4 billion and net profit between 450 million to 500 million [2][7] - Specific growth expectations for 2025 include 10%-15% for the office segment, around 10% for the medical segment, and approximately 50% for other segments [2][8] Challenges and Risk Management - The company is addressing losses from its European operations (AIGAN) by reducing operational losses and improving financial conditions. A new factory is set to start production in May, with cost reductions expected [2][8] - The impact of tariffs on exports from Malaysia to the U.S. is manageable, with plans to negotiate price adjustments if tariffs persist [2][9] Robotics Division Developments - The robotics division is a key focus for future growth, with ongoing developments in dexterous hands and linear actuators. The company is preparing for market entry with low-cost solutions [2][11][24] - The robotics division is not expected to contribute significantly to revenue in the short term but is seen as a long-term growth driver [2][24][25] Conclusion - Jiechang Drive's overall business performance is on an upward trajectory, with a strong outlook for the next two years, aiming for revenue growth to reach 5 billion by 2026. The strategic focus on robotics and market expansion positions the company well for future growth [2][25]

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Views - The company is expected to achieve rapid revenue growth in 2024, with a projected revenue of 3.652 billion yuan, representing a year-on-year increase of 20.4%. The net profit attributable to shareholders is forecasted to be 282 million yuan, up 36.9% year-on-year [4] - The company is deepening its global layout, effectively mitigating trade risks. In 2024, the company's export and domestic sales are projected to be 2.535 billion yuan and 1.108 billion yuan, respectively, with year-on-year growth rates of 18.85% and 24.99% [2] - The company is expanding its robot components business, which is seen as a significant growth direction. A new actuator business center is planned to focus on key areas such as linear actuators and rotary modules [2] Financial Summary - The company achieved a revenue of 3.034 billion yuan in 2023, with a projected increase to 4.406 billion yuan in 2025, reflecting a growth rate of 20.7% [4] - The net profit attributable to shareholders is expected to rise from 206 million yuan in 2023 to 466 million yuan in 2025, indicating a growth rate of 65.1% [4] - The company's overall gross margin for 2024 is projected to be 29.57%, an increase of 0.41 percentage points year-on-year [2]

Group 1: Economic Indicators - In the first quarter, the total profit of industrial enterprises above designated size reached 150.936 billion yuan, a year-on-year increase of 0.8% [4] - The Ministry of Commerce and six other departments announced an optimization of the departure tax refund policy, raising the cash refund limit to 20,000 yuan [4][6] Group 2: Company Earnings - Gujing Gongjiu reported a net profit of 5.517 billion yuan for 2024, a year-on-year increase of 20.22%, and proposed a dividend of 50 yuan per 10 shares [8] - Gree Electric reported a net profit of 32.185 billion yuan for 2024, a year-on-year increase of 10.91%, and proposed a dividend of 20 yuan per 10 shares [8] - Luzhou Laojiao reported a net profit of 13.473 billion yuan for 2024, a year-on-year increase of 1.71%, and proposed a dividend of 45.92 yuan per 10 shares [8] - Yake Technology reported a net profit of 872 million yuan for 2024, a year-on-year increase of 50.41%, and proposed a dividend of 2.6 yuan per 10 shares [8] - Yunda Holdings reported a net profit of 1.914 billion yuan for 2024, a year-on-year increase of 17.77%, and proposed a dividend of 2 yuan per 10 shares [8] Group 3: Significant Corporate Announcements - National City Mining reported a net profit of 612 million yuan for the first quarter of 2025, a year-on-year increase of 18,279.65%, primarily due to increased investment income from the sale of subsidiaries [9] - Zhenghe Ecology signed a strategic cooperation agreement with Yanshan (Hebei) Cultural Tourism Development Group, planning a total investment of 2 billion yuan for a tourism integration project [9] - New Life Fortune announced plans to issue shares and pay cash to acquire 100% of Guangzhou Jinnan Magnetic Materials, which is expected to constitute a major asset restructuring [9] - Chengdi Xiangjiang announced that its subsidiary won a bid for a project with a contract value of 1.632 billion yuan, with a construction period of 92 days [10]

Group 1 - Haiyuan Composite will implement delisting risk warning from April 29, 2025, with stock name changed to "*ST Haiyuan" and daily price fluctuation limit set at 5% [3] - Xinlaifu plans to acquire 100% of Jin Nan Magnetic Materials, with the transaction expected to constitute a major asset restructuring, and stock will resume trading on April 28, 2025 [4] - Hongbaoli's subsidiary successfully completed trial production of polyether technology transformation project, producing qualified products [5] - Xingguang Co. received a warning letter from Guangdong Securities Regulatory Bureau due to significant discrepancies in 2024 performance forecast and actual results [6] - Meirui New Materials' subsidiary successfully completed the production process for its polyurethane industrial park phase one project [7] Group 2 - Taigang Stainless Steel reported Q1 2025 net profit of 188 million yuan, a year-on-year increase of 5506.92%, with revenue of 23.31 billion yuan, down 4.71% [9] - Shen Shen Fang A reported Q1 2025 net profit of 72.42 million yuan, a year-on-year increase of 3718.51%, with revenue of 330 million yuan, up 457.38% [10] - Qingda Environmental reported Q1 2025 net profit of 68.71 million yuan, a year-on-year increase of 990.26%, with revenue of 619 million yuan, up 317.43% [11] - Jincai Hulin reported Q1 2025 net profit of 13.65 million yuan, a year-on-year increase of 466.95%, with revenue of 206 million yuan, down 33% [13] - New Sai Co. reported Q1 2025 net profit of 18.19 million yuan, a year-on-year increase of 315.74%, with revenue of 1.215 billion yuan, up 312.03% [14] - Kexing Pharmaceutical reported Q1 2025 net profit of 25.58 million yuan, a year-on-year increase of 106.21%, with revenue of 354 million yuan, down 1.97% [15] - Jiechang Drive reported Q1 2025 net profit of 113 million yuan, a year-on-year increase of 62.21%, with revenue of 961 million yuan, up 35.59% [16] - Taihe Co. reported Q1 2025 net profit of 78.53 million yuan, a year-on-year increase of 50.94%, with revenue of 1.033 billion yuan, up 18.5% [17] - Xiyu Co. reported Q1 2025 net profit of 499 million yuan, a year-on-year increase of 53.08%, with revenue of 9.729 billion yuan, up 15.82% [18] - Hualing Cable reported Q1 2025 net profit of 32.16 million yuan, a year-on-year increase of 55.54%, with revenue of 1.005 billion yuan, up 11.38% [19] - Dong'a Ejiao reported Q1 2025 net profit of 425 million yuan, a year-on-year increase of 20.25%, with revenue of 1.719 billion yuan, up 18.24% [20] - China Rare Earth reported Q1 2025 net profit of 72.62 million yuan, turning from loss to profit, with revenue of 728 million yuan, up 141.32% [21] - Gree Electric reported 2024 net profit of 32.185 billion yuan, a year-on-year increase of 10.91%, with revenue of 189.164 billion yuan, down 7.26% [22] - Luzhou Laojiao reported 2024 net profit of 13.473 billion yuan, a year-on-year increase of 1.71%, with revenue of 31.196 billion yuan, up 3.19% [24] - Yake Technology reported 2024 net profit of 872 million yuan, a year-on-year increase of 50.41%, with revenue of 6.862 billion yuan, up 44.84% [25] - Gujing Gongjiu reported 2024 net profit of 5.517 billion yuan, a year-on-year increase of 20.22%, with revenue of 23.578 billion yuan, up 16.41% [26] - Lanzhou Bank reported 2024 net profit of 1.888 billion yuan, a year-on-year increase of 1.29%, with revenue of 7.854 billion yuan, down 2.02% [27] - China Power Construction reported 2024 net profit of 12.015 billion yuan, a year-on-year decrease of 7.21%, with revenue of 633.685 billion yuan, up 4.07% [28] - China Communications Construction reported Q1 2025 net profit of 5.467 billion yuan, a year-on-year decrease of 10.98%, with revenue of 154.644 billion yuan, down 12.58% [29] Group 3 - Koweil plans to reduce its shareholding by up to 3.21% [31] - Nanya New Materials plans to reduce its repurchased shares by up to 238,480 shares, accounting for 1% of total shares [32] - Xiangsheng Medical's shareholders plan to reduce their holdings by up to 1.72% [33] Group 4 - Zhenhua Heavy Industry plans to repurchase shares worth 50 million to 100 million yuan [35] - Deep Keda plans to acquire 16.92% of the equity of its subsidiary Xianma Technology for 47.376 million yuan [37] - Jinchengxin signed a mining production contract with Western Mining, with an estimated contract value of approximately 377 million yuan [38]

瑞信证券（中国）有限公司 关于浙江捷昌线性驱动科技股份有限公司 2024 年度募集资金存放与使用情况的核查意见 瑞信证券（中国）有限公司（以下简称"瑞信证券"或"保荐人"）作为浙 江捷昌线性驱动科技股份有限公司（以下简称"捷昌驱动"或"公司"）2020 年 非公开发行股票的保荐人，根据《证券发行上市保荐业务管理办法》《上市公司 监管指引第 2 号—上市公司募集资金管理和使用的监管要求》《上海证券交易所 股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相关法律、 法规和规范性文件的规定，对捷昌驱动 2020 年非公开发行股票募集资金在 2024 年度的存放与实际使用情况进行了核查，核查情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准浙江捷昌线性驱动科技股份有限公 司非公开发行股票的批复》（证监许可[2020]1758 号）核准，捷昌驱动非公开 发行股票 24,392,247 股，募集资金总额为人民币 1,484,999,997.36 元，扣除 发行费用人民币（不含增值税）23,675,842.14 元 ...

了信 浙江捷昌线性驱动科技股份有限公司 内部控制审计报告 it. 立信会计师事务所(特殊普通合伙) O CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 内部控制审计报告 信会师报字[2025]第 ZF10547 号 浙江捷昌线性驱动科技股份有限公司全体股东; 2024 年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mo.fgov.cn）"进行查 "进行查"或进入"注册会计师行业统一监管平台（http://acc.moc.gov.cn）"进行查询 " " " " " "注册会计师行业统一监管平台（http://acc.moc.gov.cn）"进行直播 -- . 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了浙江捷昌线性驱动科技股份有限公司(以下简称 贵公司)2024年12月31日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是贵公司董事会的责任。 ...

浙江捷昌线性驱动科技股份有限公司 审计报告及财务报表 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"超 报告编码:沪25URTTJ2TX 浙江捷昌线性驱动科技股份有限公司 审计报告及财务报表 (2024 年 01 月 01 日至 2024 年 12 月 31 日止) | 目录 | 页次 | | --- | --- | | 审计报告 | 1-5 | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | 1-4 | | 合并利润表和母公司利润表 | 5-6 | | 合并现金流量表和母公司现金流量表 | 7-8 | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | 财务报表附注 | 1-110 | 立信会计师事务所(特殊普通合伙) o china shu lun pan certified public Accountants LLP 审计报告 信会师报字[2025]第 ZF10546 号 浙江捷昌线性驱动科技股份有限公司全体股东: 一、审计意见 我们审计了浙江捷昌线性驱动科技股份有限公司(以下简称捷昌 驱动)财 ...

闲置募集资金暂时补充流动资金的核查意见 瑞信证券（中国）有限公司（以下简称"瑞信证券"或"保荐人"）作为浙 江捷昌线性驱动科技股份有限公司（以下简称"捷昌驱动"或"公司"）2020 年非公开发行股票的保荐人，根据《证券发行上市保荐业务管理办法》《上市公 司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》《上海证券交易 所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相关法律、 法规和规范性文件的规定，对捷昌驱动本次拟使用非公开发行股票闲置募集资 金暂时补充流动资金进行了审慎核查，具体情况如下： 一、募集资金基本情况 瑞信证券（中国）有限公司 关于浙江捷昌线性驱动科技股份有限公司使用 经中国证券监督管理委员会《关于核准浙江捷昌线性驱动科技股份有限公 司非公开发行股票的批复》（证监许可[2020]1758 号）核准，捷昌驱动非公开 发行股票 24,392,247 股，募集资金总额为人民币 1,484,999,997.36 元，扣除 发行费用人民币（不含增值税）23,675,842.14 元，募集资金净额为人民币 ...