格隆汇9月8日丨罗普特(688619.SH)公布，根据公司发展战略规划，公司子公司罗普特上海公司拟与浪 潮计算机、厦门智算智投共同投资设立合资公司,提升市场竞争力以实现高质量发展，从而为股东带来 更大投资回报。合资公司注册资本为1,000万元，其中罗普特上海公司以600万元货币资金认缴出资，占 合资公司注册资本的60%，浪潮计算机以200万元货币资金认缴出资，占合资公司注册资本的20%，厦 门智算智投以200万元货币资金认缴出资，占合资公司注册资本的20%。 ...

Investment Rating - The report indicates a positive outlook for the thermal management materials industry, driven by strong downstream market demand and technological advancements [3][21]. Core Insights - The thermal management materials industry is experiencing sustained growth due to increasing demand from downstream sectors such as consumer electronics, automotive electronics, and data centers. The global thermal management market is projected to grow at a compound annual growth rate (CAGR) of 8.5%, increasing from $17.3 billion in 2023 to $26.1 billion by 2028 [3][21]. - The penetration rates of heat pipes and vapor chambers are continuously rising, with local procurement becoming a significant trend as domestic companies mature technologically [3][21]. Summary by Sections 1. Industry Demand and Growth - The global demand for thermal management materials is on the rise, with a forecasted market size growth from $17.3 billion in 2023 to $26.1 billion by 2028, reflecting a CAGR of 8.5% [3][21]. - The shift towards high-performance, miniaturized, and integrated electronic products is intensifying the need for effective thermal management solutions [3][21]. 2. Market Segmentation - Heat pipes and vapor chambers are becoming mainstream solutions in high-end smartphones, with market sizes expected to reach $3.776 billion and $1.197 billion respectively by 2025, with CAGRs of 6.17% and 14.20% [15][18]. - The thermal interface materials market is projected to grow from $5.2 billion in 2019 to $7.6 billion by 2026, with a CAGR of 5.57% [16][19]. 3. Local Procurement Trends - Local procurement is becoming a dominant trend in the thermal management materials industry, driven by supply chain security concerns among domestic electronic brands [35][36]. - Domestic companies like Suzhou Tianmai and Zhongshi Technology are expected to benefit from this trend as they enhance their technological capabilities [35][36]. 4. Key Beneficiaries - Suzhou Tianmai is highlighted as a key player in the industry, having established itself early in the ultra-thin heat pipe and vapor chamber market, achieving significant production scale and client certifications [4][35].

Company Overview - Luopute Technology Group Co., Ltd. is located in Xiamen Torch High-tech Zone, Fujian Province, and was established on March 17, 2006. The company went public on February 23, 2021. Its main business involves the design and implementation of social security system solutions, development and sales of security video surveillance products, and operation and maintenance services. The revenue composition is as follows: social security system solutions 65.68%, maintenance and other services 31.49%, and sales of security video surveillance products 2.83% [2]. Stock Performance - As of September 3, Luopute's stock price decreased by 2.05%, trading at 16.75 yuan per share, with a total market capitalization of 3.106 billion yuan. The trading volume was 14.2047 million yuan, with a turnover rate of 0.45% [1]. - Year-to-date, Luopute's stock price has increased by 91.43%. However, it has seen a decline of 5.37% over the last five trading days, an increase of 8.91% over the last 20 days, and a rise of 67.33% over the last 60 days [2]. Shareholder Information - As of June 30, the number of Luopute's shareholders reached 8,326, an increase of 10.92% from the previous period. The average number of circulating shares per shareholder is 22,272, which is a decrease of 9.85% from the previous period [3]. Financial Performance - For the first half of 2025, Luopute reported operating revenue of 71.2163 million yuan, representing a year-on-year growth of 81.38%. The net profit attributable to the parent company was -47.3746 million yuan, showing a year-on-year increase of 4.12% [3]. Dividend Information - Since its A-share listing, Luopute has distributed a total of 24.8033 million yuan in dividends. However, there have been no dividend distributions in the past three years [4].

Group 1 - The company will participate in the 2025 semi-annual performance briefing for the artificial intelligence industry organized by the Shanghai Stock Exchange on September 9, 2025, from 15:00 to 17:00 [2][3] - The briefing will be held in an online text interaction format, allowing investors to engage and ask questions [2][3] - Key personnel attending the briefing include the Chairman, General Manager, Independent Director, Chief Financial Officer, and Board Secretary [2] Group 2 - Investors can submit questions for the briefing from September 2, 2025, to September 8, 2025, by logging into the Shanghai Stock Exchange Roadshow Center or via the company's email [3] - After the briefing, investors can view the main content and details of the event on the Shanghai Stock Exchange Roadshow Center [3]

关于参加 2025 年半年度科创板人工智能行业 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 投资者可于 2025 年 9 月 2 日（星期二）至 9 月 8 日（星期一）16:00 前登录 上 证 路 演 中 心 网 站 首 页 ， 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir.ropeok@ropeok.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 证券代码：688619 证券简称：罗普特 公告编号：2025-044 罗普特科技集团股份有限公司 （二）会议召开地点：上证路演中心（http://roadshow.sseinfo.com） 会议召开时间：2025 年 9 月 9 日（星期二）15:00-17:00 会议召开地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络文字互动 （三）会议召开方式：上证路演中心网络文字互动 三、参加人员 董事长、总经理：陈延行 ...

Core Viewpoint - The report by Kaiyuan Securities on Luopute highlights the company's transformation and growth potential in the computer vision sector, giving it a "Buy" rating for investment [1][2]. Group 1: Company Overview - Luopute has been deeply engaged in computer vision for 20 years and has established a national-level AI technology center, providing solutions in public safety, smart justice, and smart cities [2]. - The company is recognized as a leading supplier of AI technology solutions that empower digital economic development in China [2]. Group 2: Financial Performance - In the first half of 2025, Luopute achieved a revenue of 70 million yuan, representing a year-on-year increase of 81.4% [2]. - The net profit improved to a loss of 50 million yuan, reducing the loss by 2.0361 million yuan compared to the previous year [2]. - The net cash flow from operating activities turned positive at 7.3425 million yuan [2]. Group 3: Future Growth Prospects - The company is expected to return to a high growth trajectory with the recovery of its traditional business and the expansion of new businesses in integrated models and robotics [2]. - Forecasted net profits for 2025, 2026, and 2027 are -85 million yuan, 60 million yuan, and 110 million yuan, respectively, with corresponding PE ratios of 58.1 and 31.6 for 2026 and 2027 [2]. Group 4: Strategic Initiatives - The company is advancing into the private deployment of large model integrated machines, with the DeepSeek model being a key product that offers "soft and hard collaboration" and is suitable for various industries [3]. - Luopute has partnered with leading robotics companies to develop specialized robots for smart security and industrial applications, aiming to become a benchmark enterprise in Fujian's robotics industry [4].

Group 1 - The core viewpoint of the news is that 罗普特 experienced a decline in stock price and significant changes in financing activities, indicating potential volatility in its market performance [1] - On August 26, 罗普特's stock price fell by 3.41%, with a trading volume of 98.21 million yuan. The financing buy-in amount was 12.07 million yuan, while the financing repayment was 14.32 million yuan, resulting in a net financing buy of -2.25 million yuan [1] - As of August 26, the total financing and securities lending balance for 罗普特 was 73.12 million yuan, which accounts for 2.18% of its circulating market value, indicating a high level compared to the past year [1] Group 2 - As of June 30, 罗普特 had 8,326 shareholders, an increase of 10.92% from the previous period, while the average circulating shares per person decreased by 9.85% to 22,272 shares [2] - For the first half of 2025, 罗普特 reported operating revenue of 71.22 million yuan, representing a year-on-year growth of 81.38%. However, the net profit attributable to the parent company was -47.37 million yuan, showing a slight increase of 4.12% year-on-year [2] - Since its A-share listing, 罗普特 has distributed a total of 24.80 million yuan in dividends, with no dividends paid in the last three years [3]

预付款项变动幅度为54.09%,原因:预付项目货款及短期租赁款等。 财务报表中对有大幅变动的财务项目的原因说明如下： 交易性金融资产变动幅度为-73.62%,原因:部分理财产品到期赎回。 应收票据变动幅度为-99.44%,原因:承兑汇票到期兑付。 据证券之星公开数据整理，近期罗普特（688619）发布2025年中报。截至本报告期末，公司营业总收入 7121.63万元，同比上升81.38%，归母净利润-4737.46万元，同比上升4.12%。按单季度数据看，第二季 度营业总收入5072.4万元，同比上升228.62%，第二季度归母净利润-2275.38万元，同比上升19.65%。本 报告期罗普特公司应收账款体量较大，当期应收账款占最新年报营业总收入比达241.14%。 在建工程变动幅度为416.88%,原因:新增工程建设及租赁物改良支出建设。 本次财报公布的各项数据指标表现尚佳。其中，毛利率25.61%，同比增21.6%，净利率-67.15%，同比 增46.85%，销售费用、管理费用、财务费用总计4134.0万元，三费占营收比58.05%，同比减50.39%，每 股净资产4.56元，同比减17.42%，每股经营 ...

重要内容提示： 根据罗普特科技集团股份有限公司（以下简称"公司"）2025 年第二次临 时股东大会的授权，公司于 2025 年 6 月 23 日召开第三届董事会第五次会议，审 议通过了《关于向 2025 年股票期权激励计划激励对象首次授予股票期权的议案》， 根据《上市公司股权激励管理办法》及上海证券交易所、中国证券登记结算有限 责任公司上海分公司有关规定，公司已完成 2025 年股票期权激励计划（以下简 称"激励计划"）授予登记工作，现将有关情况公告如下： 罗普特科技集团股份有限公司 关于 2025 年股票期权激励计划首次授予登记完成的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688619 证券简称：罗普特 公告编号：2025-043 一、已履行的相关审批程序和信息披露情况 1、2025 年 6 月 11 日，公司召开了第三届董事会第四次会议，审议通过了 《关于<公司 2025 年股票期权激励计划（草案）>及其摘要的议案》《关于<公司 2025 年股票期权激励计划实施考核管理办法>的议案》《关于提请股 ...

Financial Performance - In the first half of 2025, the company achieved operating revenue of 71.22 million yuan, representing a year-on-year increase of 81.38% [1][2] - The net profit attributable to shareholders was -47.37 million yuan, an improvement from -49.41 million yuan in the same period last year [1][2] - The company's cash flow from operating activities was 7.34 million yuan, a significant recovery from -70.48 million yuan in the previous year [2] Historical Performance - In 2024, the company reported operating revenue of 142.96 million yuan, a decline of 68.35% compared to 2023 [2][4] - The net profit attributable to shareholders for 2024 was -193.23 million yuan, worsening from -47.89 million yuan in 2023 [4] - In 2023, the company recorded operating revenue of 448 million yuan, a substantial increase of 164.69% year-on-year [3] Stock Market Activity - The company was listed on the Sci-Tech Innovation Board on February 23, 2021, with an initial public offering price of 19.31 yuan per share [5] - The stock reached a peak price of 42.22 yuan on its first trading day but has since experienced a decline and is currently in a state of underperformance [5] Fundraising and Use of Proceeds - The total amount raised by the company was 904 million yuan, with a net amount of 819 million yuan after expenses [6] - The funds were intended for the construction of a research and development center, market expansion, and working capital [6]