格隆汇9月12日丨安泰科技(000969.SZ)在互动平台表示，公司产业目前暂不涉及固态电池业务，也没有 参股固态电池项目。据公司了解，目前只有参股公司安泰创明生产的超级多孔活性炭可以用于电池负极 材料，但该公司不并表。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司参股的固态电池项目进展如何了？及时发 布最新消息！ （记者 张明双） 安泰科技（000969.SZ）9月12日在投资者互动平台表示，公司产业目前暂不涉及固态电池业务，也没有 参股固态电池项目。据公司了解，目前只有参股公司安泰创明生产的超级多孔活性炭可以用于电池负极 材料，但该公司不并表。 ...

每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘您好，请问贵公司钨铜复合偏滤器量产技 术，是否已应用于ITER国际热核聚变项目？全氟磺酸质子膜，是否突破国外封锁并获得氢能订单？ （记者 张明双） 安泰科技（000969.SZ）9月12日在投资者互动平台表示，1）公司研发生产的偏滤器全钨复合部件、钨 铜复合部件等产品已成功应用于国际热核聚变实验堆ITER项目。2）公司不涉及全氟磺酸质子膜业务。 ...

（原标题：300857，3年涨超11倍，身兼多重热门题材！全国首张3D打印药品生产许可证来了，机构高 频调研7只概念股） 3D打印产业进入爆发初期，应用领域的纵深带动其市场规模持续增长。 受3D打印产品逐步规模化应用和部分积压的3D打印设备需求释放的带动，中商产业研究院发布的报告 显示，2024年中国3D打印市场规模约为423亿元，预计2025年市场规模将达457亿元。 机构高频调研7只概念股 全国首张3D打印药品生产许可证落地南京 据新华日报消息，近日，江苏省药监局核发了全国首张应用3D打印技术生产药品的《药品生产许可 证》，标志着我国在3D打印技术药品研发和产业化进程上迈出关键一步，极大鼓舞了3D打印技术医药 企业继续创新发展的信心。 本次许可核发对象是南京三迭纪医药科技有限公司的3D打印数字化药品生产基地。该基地位于南京市 江宁区生命科学加速带园区，包括MED^®(熔融挤出沉积)生产中心、质量控制中心与仓储中心，具备3 亿片3D打印药品的年生产能力，这也是目前全球最大的3D打印药品商业化产能基地。 和传统制药技术相比，3D打印技术在药物复杂结构设计、数字化药品开发、药物精准递送和智能制造 等方面具有明显 ...

转自：证券时报 人民财讯9月10日电，据新华日报消息，近日，江苏省药监局核发了全国首张应用3D打印技术生产药品 的《药品生产许可证》，标志着我国在3D打印技术药品研发和产业化进程上迈出关键一步，极大鼓舞 了3D打印技术医药企业继续创新发展的信心。 从二级市场表现来看，数据宝统计，截至9月10日收盘，3D打印概念股今年以来平均上涨37.05%。中洲 特材年内涨幅192%，高居榜首。其次是华曙高科，年内累计上涨111.02%。涨幅靠前的还有铂力特、奥 比中光-UW、南风股份等。 | | | 机构调研次数居前的3D打印概念股 | | | | | --- | --- | --- | --- | --- | --- | | 代码 | 简称 | A股市值 | 2025年以 来涨跌幅 | 2025年以来 2025年以来 机构调研次 机构调研家 | | | | | (亿元) | (%) | 数 | 数 | | 002008 | 大族激光 | 365. 61 | 44. 07 | 72 | 57 | | 688322 | 奥比中元-UW | 339. 61 | 82. 09 | 21 | 399 | | | 悦安新材 | | ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price not specified [5]. Core Insights - The company's core industries remain resilient, with strong growth in high-end powder business despite a slight decline in overall revenue [1][2]. - The company has optimized its product structure and accelerated new product promotion, achieving significant growth in high-end medical equipment and semiconductor fields [2]. - The company has successfully completed key projects, maintaining its leading position in the refractory tungsten and molybdenum metal products industry [2]. Financial Performance - In H1 2025, the company achieved revenue of 3.715 billion yuan, a year-over-year decrease of 5.3%, and a net profit of 187 million yuan, down 33.2% year-over-year [1]. - The second quarter of 2025 saw revenue of 1.933 billion yuan, a decrease of 4.8% year-over-year but an increase of 8.4% quarter-over-quarter [1]. - The company’s net profit for Q2 2025 was 105 million yuan, down 48.1% year-over-year but up 26.8% quarter-over-quarter [1]. Segment Performance - The refractory tungsten and molybdenum business faced pressure due to overseas market fluctuations and rising raw material prices, but new contract signings increased significantly [2]. - The magnetic materials segment saw new contract amounts of 916 million yuan, a year-over-year increase of 9.9%, despite a revenue decline of 6.4% [3]. - The high-end powder segment continues to break through, with a new project partially in production, solidifying the company's position in the metal soft magnetic powder field [4]. Profit Forecast - The company’s profit forecast has been slightly adjusted upwards, with expected net profits for 2025-2027 at 353 million, 375 million, and 397 million yuan respectively, corresponding to P/E ratios of 41.7, 39.3, and 37.1 [4].

Group 1 - The report highlights a sustained strengthening of GMV inflection points, indicating optimism for long-term growth in the education sector, particularly for Oriental Selection [4][5] - The report notes a significant increase in the dividend payout ratio to 60% for Excellence Education Group, which may support revenue growth in the second half of 2025 [10][11] - Shanghai Film's performance is under short-term pressure, but the release of "Wang Wang Mountain Little Monster" is expected to provide performance elasticity [13][15] Group 2 - Huabei Mining's revenue for H1 2025 decreased by 45% year-on-year, but cost control measures are expected to enhance future performance as quality projects are gradually put into production [19][21] - The report indicates that the pet ecosystem construction by Reap Bio is becoming increasingly comprehensive, with a notable increase in revenue and net profit in H1 2025 [24][25] - Silver Wheel's revenue and net profit showed significant growth in Q2 2025, driven by dual engines of "server liquid cooling + robotic joints" [27][29] Group 3 - Shaanxi Coal's production and sales volumes remained stable, with a slight increase in coal production in H1 2025, despite a decrease in revenue [31][33] - China Ruyi's net profit turned from loss to profit in H1 2025, driven by game publishing and content investment [36][37] - Light Media's animation production capacity continues to improve, with IP operations expected to become a new growth point [40][42] Group 4 - Cambrian's revenue for H1 2025 saw an extraordinary increase of 4347.82% year-on-year, with net profit also experiencing substantial growth [46]

Core Viewpoint - Antai Technology's stock price decreased by 2.58% to 13.99 yuan, with a trading volume of 467,700 hands and a transaction amount of 653 million yuan [1] Financial Performance - In the first half of 2025, the company reported operating revenue of 3.715 billion yuan, a year-on-year decrease of 5.29% [1] - The net profit after deducting non-recurring items was 168 million yuan, reflecting a year-on-year increase of 19.10% [1] - The net cash flow from operating activities increased by 87.79 million yuan year-on-year [1] Business Operations - Antai Technology's main business includes high-end powder metallurgy materials and products, advanced functional materials and devices, high-speed tool steel, and energy-saving and environmental protection materials [1] - The company plans to increase its stake in He Ye Technology to 82.85% for 46.757 million yuan and intends to transfer all equity of Dahui Private Equity for 21.865 million yuan [1] - The subsidiary He Ye Technology plans to invest 36.84 million yuan in the construction of a mold factory [1] Market Activity - On August 26, the net inflow of main funds was 6.8039 million yuan, while the net outflow over the past five days was 52.485 million yuan [1]

安泰科技 20250826 摘要 安泰科技 2025 年上半年营收虽受并购项目缺席影响，但扣除该项目后， 净利润同比增长 25%，扣非归母净利润增长 19%，显示公司经营业绩 稳健，整体增速保持在 20%左右。 钨钼业务受出口管制影响，营收下降 18%，净利润下降 9%，但合同额 基本持平。石材业务合同额增长 9%，但价格下跌及出口积压导致收入 和利润下降，公司正积极拓展东南亚市场。 安泰飞金受益于非晶材料在节能环保领域的广泛应用，实现高增长。公 司正推动电动汽车驱动电机用铁芯背心带牌的测试和检测，并与飞行联 盟合作制定技术规范，以适应不同应用领域的需求。 高速工具钢行业保持高增长，合冶公司粉末高速钢营收增长十几个百分 点，净利润同比增长 90%以上，预计未来三到五年内仍将是国内主要产 品。 可控核聚变项目中标金额显著提升，但结算周期影响收入确认。公司将 调整组织架构和资源投入以匹配 2026 年至 2027 年进入实践阶段的需 求。 Q&A 安泰科技在 2025 年上半年的经营情况如何？ 2025 年上半年，安泰科技的营业收入下降了 5%，主要受到出口业务结算和市 场结构变化的影响。归母净利润下降了 33% ...

Core Viewpoint - The powder high-speed steel market is expanding due to increasing demand in high-end manufacturing sectors such as aerospace and automotive, with the market size in China projected to reach 3.9 billion yuan in 2024, a year-on-year increase of 4% [1][12]. Industry Overview - Powder high-speed steel is produced using powder metallurgy technology, which offers significant advantages over traditional casting methods, such as uniform distribution of carbide particles, leading to improved strength, toughness, and hardness [2][4]. - The production process involves high-pressure inert gas or water atomization to create fine, uniform steel powder, which is then shaped and sintered [2]. Industry Development History - The powder high-speed steel industry has evolved over decades, with the first generation emerging in the 1960s. The introduction of new technologies in the 1990s significantly reduced impurity levels, leading to the second generation, while the third generation, post-2000, features finer steel powder and further improved properties [6][10]. Industry Chain - The upstream materials for powder high-speed steel include hard alloy steel powder, carbon steel, tungsten, molybdenum, chromium, vanadium, and cobalt. The midstream involves the production of powder high-speed steel, while the downstream applications span mechanical processing, automotive, aerospace, and mold manufacturing [8]. Current Industry Status - Domestic production of powder high-speed steel has increased significantly, with a production volume of 15,600 tons in 2018, projected to grow to 19,500 tons by 2024, reflecting a compound annual growth rate of 3.8% [10][12]. Competitive Landscape - International companies like Sandvik, Erasteel, Toshiba Materials, and Kennametal dominate the high-end market, while domestic leaders like Tiangong International are making strides in mid-to-high-end market segments through technological advancements [14]. Key Companies - Tiangong International, established in 1981, is a leading manufacturer of high-speed steel and cutting tools, with a revenue of 4.832 billion yuan in the 2024 fiscal year, a decrease of 6.42% year-on-year [16]. - HeYe Technology, a subsidiary of Antai Technology, specializes in high-speed tool steel and has a broad market presence across various industrial sectors [18]. Industry Trends - Continuous technological innovation is expected to enhance the performance of powder high-speed steel, with a focus on optimizing alloy compositions and improving sintering processes [20]. - The market is becoming increasingly competitive, necessitating domestic companies to strengthen their technological capabilities and brand positioning [21]. - The industry is also moving towards green transformation, with companies adopting energy-efficient production methods and cleaner technologies to reduce environmental impact [23].