Investment Rating - The report assigns a "Buy" investment rating for the company, marking its first coverage [6]. Core Insights - The company is the largest manufacturer of auxiliary electric heaters for air conditioning in China and ranks among the top two in the PTC electric heater sector for new energy vehicles. It is also the only supplier of mass-produced pre-plated nickel materials for power applications [4]. - The company plans to focus on three main business areas: enhancing its automotive thermal management product matrix, leveraging its technical and channel advantages in automotive parts and lithium battery casing materials to develop core products in robotics, and developing solid-state battery materials [4]. - The company has entered into a strategic partnership with Shanghai Zhishi to expand its business in flexible fabric pressure sensors and robot electronic skin applications [5]. - Revenue forecasts for 2025-2027 are projected at 38.21 billion, 41.34 billion, and 45.16 billion yuan respectively, with corresponding EPS of 0.19, 0.23, and 0.24 yuan. The current stock price corresponds to PE ratios of 25.6, 21.8, and 20.2 times for the respective years [6]. Summary by Sections Business Focus - The company aims to transition from a supplier of automotive thermal management components to an integrated service provider, significantly increasing the value per vehicle [4]. - The company will also focus on developing core products in robotics and solid-state battery materials, leveraging its existing technological expertise [4]. Strategic Partnership - The collaboration with Shanghai Zhishi is expected to enhance the company's capabilities in flexible fabric pressure sensors and robot electronic skin, providing a competitive edge in the market [5]. Financial Projections - The company anticipates steady overall performance in 2025, with the home appliance electric heating segment remaining stable, the new energy vehicle PTC segment experiencing rapid growth, and the industrial equipment segment declining slightly. The new materials segment is expected to turn profitable [4]. - Detailed financial forecasts indicate a revenue growth rate of 3.0% in 2025, followed by 8.2% in 2026 and 9.2% in 2027, with a projected decline in net profit for 2025 before recovering in subsequent years [9].

镇江东方电热科技股份有限公司 《关于公司使用部分暂时闲置募集资金进行现金管理的议案》已经公司第五届董事会第二 十六次会议及第五届监事会第二十三次会议分别审议通过，保荐机构出具了同意的核查意见。 截至本公告日，公司募集资金现金管理未到期产品金额为0元。 关于部分暂时闲置募集资金现金管理到期赎回的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 镇江东方电热科技股份有限公司（以下简称"东方电热"或"公司"）于2024年10月25 日召开第五届董事会第二十六次会议及第五届监事会第二十三次会议，分别审议通过了《关于 公司使用部分暂时闲置募集资金进行现金管理的议案》。董事会同意公司在确保不影响募集资 金投资项目建设进度的前提下，使用部分暂时闲置募集资金进行现金管理，资金总额不超过 25,000万元（含，下同），用于购买结构性存款、大额存单等安全性高、流动性好的低风险产 品，产品期限不超过一年，以上资金额度自董事会审议通过之日起12个月内有效，可以滚动使 用。保荐机构东方证券股份有限公司（以下简称"保荐机构"）出具了同意的核查意见。具体 内容详见公司于2024年10月29日 ...

Group 1 - The company has approved a profit distribution plan for the fiscal year 2024, which includes a total cash dividend distribution of 47,295,262.08 yuan (including tax) [2][3] - The profit distribution plan specifies a cash dividend of 0.32 yuan per 10 shares for all shareholders, based on a total share count of 1,477,976,940 shares, excluding repurchased shares [2][3] - The dividend distribution date is set for June 19, 2025, with the ex-dividend date on June 20, 2025 [2][3] Group 2 - The dividend will be distributed directly to shareholders' accounts through their securities companies or other custodial institutions [3] - The distribution applies to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the close of trading on June 19, 2025 [3] - The company will not withhold individual income tax at the time of distribution; tax will be calculated based on the holding period when shares are sold [2][3]

镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2025-046 镇江东方电热科技股份有限公司 2024 年度权益分派实施公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 3.本次实施的利润分配方案与公司股东大会审议通过的利润分配方案一致。 4.本次实施利润分配方案距离公司股东大会审议通过 2024 年度利润分配方 案的时间未超过两个月。 二、本次实施的利润分配方案 本公司 2024 年度利润分配方案为：以公司现有总股本剔除已回购股份 0 股 后的 1,477,976,940 股为基数，向全体股东每 10 股派 0.32 元人民币现金（含税； 扣税后，通过深股通持有股份的香港市场投资者、境外机构（含 QFII、RQFII） 以及持有首发前限售股的个人和证券投资基金每 10 股派 0.288 元；持有首发后 限售股、股权激励限售股及无限售流通股的个人股息红利税实行差别化税率征收， 镇江东方电热科技股份有限公司（以下简称"公司"或"本公司"）2024 年度利润分配预案的议案已获 2025 年 5 月 30 日召开的 2024 年度 ...

镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2025-045 镇江东方电热科技股份有限公司 关于为控股子公司提供担保的进展公告 本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 一、担保情况概述 镇江东方电热科技股份有限公司（以下简称"公司"或"乙方"）于2025年4月22日召开 第六届董事会第四次会议，审议通过了《关于公司2025年度为合并报表范围内子公司提供担保 额度的议案》，其中：同意公司在2025年度为控股子公司江苏华智新能源科技有限公司（以下 简称"江苏华智"或"债务人"）向相关银行申请的综合授信提供担保额度不超过4.5亿元。 具体内容详见公司在中国证监会指定信息披露网站-巨潮资讯网披露的《关于公司2025年度为 合并报表范围内子公司提供担保额度的公告》（公告编号：2025-027）。2025年5月30日，公 司召开的2024年度股东大会审议批准了上述事项。 二、本次担保情况 2025年6月12日，公司与南京银行股份有限公司镇江分行（以下简称"南京银行镇江分行"、 "甲方"或"债权人"）签署合同编号为Ea1506425 ...

1.字节跳动梁汝波：AI发展阶段目前是在"马拉松的前500米" 6月11日，火山引擎FORCE2025原动力大会在京举行。字节跳动CEO梁汝波表示，需要把好的技术推广出 去，让客户深度使用，这对于字节跳动保持技术竞争力很重要。"我们越来越深刻地感觉到，AI发展还是很 早期阶段，目前还只是马拉松的前500米。 点评：梁汝波将AI发展比作"马拉松前500米"，强调当前仍处早期阶段，需长期投入与耐心。 2.多家车企连夜宣布！承诺"支付账期不超过60天" 据新华社，6月10日夜至11日晨，吉利汽车集团有限公司、重庆长安汽车股份有限公司、比亚迪汽车工业有 限公司、奇瑞汽车股份有限公司等汽车生产企业陆续发表声明，承诺"支付账期不超过60天"。截至目前，已 有8家汽车生产企业就此作出承诺。近期，工业和信息化部、国务院国资委等部门就保障产业链供应链稳 定、促进汽车产业高质量发展作出一系列部署要求，多家车企积极响应。 点评：车企集体承诺60天账期，响应政策稳链纾困，促行业良性竞争。 3.7分04秒957，小米SU7 Ultra量产版创"纽北最速量产电动车"圈速纪录 6月11日，小米汽车正式公布了小米SU7 Ultra量产版首次 ...

Investment Rating - The investment rating for the company is "Accumulate" [4] Core Views - The company has entered into a strategic partnership with Shanghai Zhishi to enhance its flexible sensor capabilities for automotive and robotics applications [7] - Revenue projections for 2025-2027 are estimated at 3.9 billion, 4.4 billion, and 4.9 billion CNY, with year-on-year growth rates of 4%, 15%, and 10% respectively, resulting in a CAGR of 10% [2] - The net profit attributable to the parent company is forecasted to be 260 million, 320 million, and 350 million CNY for the same period, with growth rates of -17%, 20%, and 10% respectively, leading to a CAGR of 3% [2] Financial Summary - The company's revenue for 2024 is projected at 3.71 billion CNY, with a decrease of 9.62% compared to the previous year [3] - The net profit for 2024 is expected to be 318 million CNY, reflecting a significant decline of 50.62% year-on-year [3] - The earnings per share (EPS) for 2024 is estimated at 0.21 CNY, with a P/E ratio of 24.98 [3] Strategic Developments - The partnership with Shanghai Zhishi aims to leverage both companies' strengths to expand the application of flexible fabric pressure sensors in the automotive sector, targeting a leadership position in niche markets [7] - The collaboration is expected to enhance the company's product offerings in the new energy vehicle sector, potentially increasing the average selling price (ASP) per vehicle [7] - The company is also focusing on the development of electronic skin technology for robotics, aiming to connect with leading robotics manufacturers [7]

Investment Rating - The report maintains an "Accumulate" rating for the company [4] Core Views - The company has entered into a strategic partnership with Shanghai Zhishi to enhance its flexible sensor capabilities for automotive and robotics applications [7] - Revenue projections for 2025-2027 are estimated at 3.9 billion, 4.4 billion, and 4.9 billion CNY, with year-on-year growth rates of 4%, 15%, and 10% respectively, resulting in a CAGR of 10% [2] - The net profit attributable to the parent company is forecasted to be 260 million, 320 million, and 350 million CNY for 2025-2027, with corresponding growth rates of -17%, 20%, and 10% [2] Financial Summary - The company's revenue for 2024 is projected at 3.71 billion CNY, with a decrease of 9.62% compared to the previous year [3] - The net profit for 2024 is expected to be 318 million CNY, reflecting a significant decline of 50.62% year-on-year [3] - The earnings per share (EPS) for 2025 is estimated at 0.18 CNY, with a P/E ratio of 30.06 [3] Strategic Developments - The partnership with Shanghai Zhishi aims to leverage both companies' strengths to expand the application of flexible fabric pressure sensors in the automotive sector, targeting leading automotive manufacturers [7] - The collaboration is expected to enhance the company's product offerings in the new energy vehicle market, potentially increasing the average selling price (ASP) per vehicle [7] - The company plans to focus on three main areas: robotics components, materials, and application scenarios, indicating a strong intent to expand into the robotics sector [7]

Economic and Regulatory News - The first meeting of the China-US economic and trade consultation mechanism has entered its second day, with discussions described as professional, rational, in-depth, and candid by Li Chenggang, the Deputy Minister of Commerce [1] - The State Administration for Market Regulation has publicly solicited opinions on the "Live E-commerce Supervision Management Measures" to enhance supervision and promote healthy development in the live e-commerce sector [1] - The Ministry of Commerce has extended the anti-dumping investigation period for imported pork and pork products from the EU until December 16, 2025, due to the complexity of the case [1] Company News - BYD Auto has announced a unified payment term of 60 days for suppliers to support the stability of the industrial supply chain and promote high-quality development in the automotive industry [2] - Tencent Music Entertainment Group plans to acquire 100% of Himalaya for $1.26 billion in cash and stock, with Himalaya stating that its brand, product independence, and core management team will remain unchanged [3] - Chengdu Huami has successfully launched a 4-channel, 12-bit, 16GSPS high-precision RF direct sampling ADC chip, marking a significant breakthrough in high-speed data conversion technology [4] - Dongfang Electric has signed a strategic cooperation agreement with Xiaomi's subsidiary to develop robotic electronic skin, leveraging each other's strengths in product development and market expansion [5] - Haiguang Information and Zhongke Shuguang will hold an investor briefing on June 11, 2025, regarding significant asset restructuring matters [6][7] - Qu Mei Home announced that a director sold 58,000 shares during a period of abnormal stock trading, which saw a cumulative price increase of over 20% [7] - Guangting Information plans to acquire 100% of Kaima Technology for 360 million yuan, aiming to integrate resources and enhance cooperation in overseas markets [7]

基金参与调研的公司中，按所属板块统计，深市主板公司有7家，创业板公司有11家，沪市主板公司有2 家，科创板公司有2家。所属行业来看，基金调研的公司共涉及11个行业，所属电子行业最多，有6家公 司上榜；医药生物、国防军工等紧随其后，分别有3家、3家公司上榜。 从基金调研公司的A股总市值统计，总市值在500亿元以上的共有2家，其中总市值超千亿元的有京东方 A等，总市值不足100亿元的有14家，分别是联环药业、迈普医学、佰奥智能等。 市场表现上，基金调研股中，近5日上涨的有15只，涨幅居前的有西测测试、楚天龙、博实结等，涨幅 为33.13%、22.89%、13.56%；下跌的有7只，跌幅居前的有迈普医学、古麒绒材、孩子王等，跌幅为 11.40%、10.37%、8.51%。 昨日基金共对22家公司进行调研，扎堆调研孩子王、东方电热、扬杰科技等。 证券时报·数据宝统计，6月10日共36家公司被机构调研，按调研机构类型看，基金参与22家公司的调研 活动，其中，5家以上基金扎堆调研公司共5家。孩子王最受关注，参与调研的基金达35家；东方电热、 扬杰科技等分别获17家、15家基金集体调研。 6月10日基金调研公司一览 | 代 ...