Core Viewpoint - Suzhou Goodway (002079) has confirmed that its power module products are widely used in aerospace and rail transportation sectors [1] Group 1 - The company engages in the production of power module products [1] - These products have applications in critical industries such as aerospace and rail transportation [1]

Group 1 - The company has confirmed that its power module products are widely used in the aerospace and rail transportation sectors [1]

Core Insights - The high-purity indium industry in China has experienced rapid growth, becoming a crucial support for semiconductor materials, photovoltaic industries, and electronic device manufacturing. However, in 2023, the market faced a significant downturn due to a deep destocking cycle in the semiconductor market and a persistent slump in the consumer electronics market, leading to a 25% year-on-year decline in market size. A recovery is expected in 2024, with the market size projected to reach 2 billion yuan, a 6% increase year-on-year. The industry is anticipated to continue growing, driven by high-end manufacturing and the expansion of the new energy sector, particularly in semiconductor materials as reliance on high-purity indium increases with advancements in 5G communication, artificial intelligence, and data center construction [1][6]. Industry Overview - High-purity indium is a silver-white metal material purified through processes such as electrolysis, chemical cleaning, and vacuum distillation, achieving purity levels from 5N (99.999%) to 7N8 (99.999998%). It is primarily used in the preparation of III-V semiconductor compounds like indium phosphide (InP) and indium antimonide (InSb), as well as in ITO targets and high-purity alloys. The main production methods include electrolysis, vacuum distillation, zone melting, metal-organic compound methods, and low-halogen compound methods [2][3]. Industry Chain - The upstream raw materials for the high-purity indium industry include primary indium and recycled indium. Primary indium is mostly a byproduct of zinc mining, with China being rich in zinc reserves, particularly in Yunnan, Guangxi, and Hunan. Recycled indium is becoming increasingly important due to stricter environmental policies and tight primary indium supply, with secondary resources like waste ITO targets and liquid crystal panel dismantling waste becoming key supplements. The midstream refers to the high-purity indium industry, while the downstream includes applications in semiconductors, electronics, and new energy sectors [4][5]. Market Size and Trends - China is the largest producer of primary indium, holding 72% of the global reserves. In 2024, the production of primary indium in China is expected to reach 688 tons, a 6.5% year-on-year increase. This growth in primary indium production will ensure a stable supply of raw materials for high-purity indium production. The semiconductor industry, which has strict purity requirements, is projected to grow significantly, with the Chinese semiconductor market expected to reach $630.5 billion in 2024, a 43% increase from $440.4 billion in 2020 [5][6]. Competitive Landscape - The competitive landscape shows that overseas markets for high-purity indium and its oxides have advanced technology and established companies like Dowa and Rasa. In contrast, China's high-purity indium industry has been developing rapidly in recent years, with companies like Zhuzhou Keno New Materials Co., Ltd., Yunnan Tin Company Limited, and Henan Yuguang Gold and Lead Co., Ltd. making significant strides [6][7]. Development Trends 1. Recycled indium is becoming a critical support for supply, with the domestic recycled indium production accounting for about 30% of the total. The market share of recycled indium is expected to continue increasing, with companies focusing on improving recovery technologies for waste materials [10]. 2. The industry concentration is expected to rise, with smaller companies facing challenges due to outdated technology and increasing environmental costs. Leading companies are expanding capacity and securing stable raw material supplies through investments in overseas mines and long-term supply agreements [11][12]. 3. Domestic companies are advancing in high-purity indium production, particularly in the 7N grade, which has historically been dominated by Japanese and Korean firms. With government support and increased R&D investment, companies are expected to overcome key technological barriers and promote green processes to enhance purity stability while reducing energy consumption and emissions [13].

Group 1 - The company Suzhou Guder continues to maintain a leading position in industry technology, as stated in their response to investor inquiries on December 3 [2] - The subsidiary Suzhou Jingyin has achieved significant results in de-silvering research and development, with a silver content of 10% in their silver-coated copper products now reaching mass production [2]

每经AI快讯，有投资者在投资者互动平台提问：请问公司在量子传感器有什么技术储备吗？参股公司 传感器目前有没有应用在比较有名的机器人公司？具体应用到哪几家？ 苏州固锝（002079.SZ）12月3日在投资者互动平台表示，公司的参股联营公司苏州明皜传感和苏州华锝 所生产的传感器产品不涉及量子传感器类目；公司自身代工的功率器件等产品有应用于包括家电机器 人、工业设备机器人等在内的场景。请投资者注意风险。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company is making significant progress in reducing silver content in its products, with a focus on maintaining technological leadership in the industry [2] Group 1: Production and Technology - The company's subsidiary, Suzhou Jinyin, continues to maintain a leading position in industry technology [2] - The company has achieved mass production of copper products with a silver content of 10% [2] Group 2: Cost Management - The company is addressing high silver metal costs through its de-silvering research and development efforts [2]

Group 1: Financial Performance - The company achieved a revenue of 30 billion in Q3 2025, aiming for a target of 60 billion by the end of the year [1] - The sales net profit margin decreased from 8.79% in 2021 to 1.31% in 2024, indicating a decline in profitability despite revenue growth [3] - The weighted return on net assets fell from 10.06% to 2.49% over the same period, reflecting challenges in maintaining profitability [3] Group 2: Product Development and Market Strategy - The company is actively working on the mass production of third-generation semiconductor products, responding to market demand [1] - The company has achieved a 10% silver content in its silver-copper products, maintaining a technological edge in the photovoltaic slurry industry [3] - The company is exploring potential collaborations in the electric vehicle sector, leveraging its existing product advantages [2] Group 3: Investor Relations and Future Outlook - The company is enhancing investor communication and engagement through various activities to build investor confidence [3] - The current capital increase plan is under review by the exchange, with no specific timeline for completion provided [2] - The company is committed to optimizing product structure and enhancing competitiveness to improve overall profitability and shareholder returns [3]

证券代码：002079 证券简称：苏州固锝 公告编号：2025-074 苏州固锝电子股份有限公司 关于参加2025苏州上市公司投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 为进一步加强与投资者的互动交流，苏州固锝电子股份有限公司（以下简称"公司"） 将参加由苏州市地方金融管理局指导、苏州市上市公司协会与深圳市全景网络有限公司联合 举办的"2025苏州上市公司投资者集体接待日"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"（http://rs.p5w.net）， 或关注微信公众号：全景财经，或下载全景路演 APP，参与本次互动交流，活动时间为 2025 年 12 月 2 日（星期二，15:30-17:00）。 届时公司管理层将在线就投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与。 特此公告。 苏州固锝电子股份有限公司董事会 二〇二五年十一月二十九日 ...

Core Viewpoint - Suzhou Goodwill has confirmed that its products are utilized in well-known global smartphone brands and leading domestic smartphone manufacturers [2] Company Summary - Suzhou Goodwill's products are applied in renowned international smartphone brands [2] - The company also supplies products to top domestic smartphone manufacturers [2]

Group 1 - The company, Suzhou Good Drive (002079), has accumulated significant supplier and customer resources in key upstream and downstream sectors over the years [1] - The company's procurement and sales operations extend to regions including Europe, the United States, Japan, South Korea, Taiwan, and Southeast Asian countries [1]