Core Viewpoint - The company Shobeyde (300322) is actively expanding its product applications in the robotics sector and has secured significant orders in the low-orbit satellite communication antenna market, particularly for maritime use [1] Group 1: Product Applications - The company's antennas, wiring harnesses, and cooling products are applicable in the robotics field [1] - The low-orbit satellite communication antennas are primarily used in ground terminal products such as mobile phones, automobiles, and ships, with a focus on maritime applications for current orders [1] Group 2: Automotive Sector Engagement - The company has successfully entered the supply chain of major domestic automotive clients, providing products that include GPS/Beidou/high-precision positioning, LTE/5G/V2X, Bluetooth/WIFI, and millimeter-wave radar antennas [1] Group 3: Cooling Products Development - The company is currently testing server liquid cooling plates for a client in Taiwan, indicating ongoing development in cooling solutions [1]

证券代码：300322 证券简称：硕贝德 公告编号：2026-001 | 序号 | 委托方 | 受托方 | 产品名称 | 产品类型 | 赎回金额 | 起息日 | 到期日 | 预期年化 | 现金管 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 收益率 | 理收益 | | 1 | 广州硕贝德 | 兴业银行 | 兴业银行企业金融 | 保本浮动收益型 | 2,000.00 | 2025/6/24 | 2025/12/24 | 1.20%/ | 17.95 | | | | | 人民币结构性存款 | | | | | 1.79% | | 惠州硕贝德无线科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 惠州硕贝德无线科技股份有限公司（以下简称"公司"）于2025年12月17日召 开的第六届董事会第二次临时会议审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，同意公司及下属子公司在确保不影响募 ...

Core Viewpoint - The report from Zhongyou Securities highlights the strong performance growth and robust profit recovery momentum of Shuo Beid. The company focuses on its core business and deepens collaboration with clients, leading to positive developments in antennas, harnesses and connectors, thermal modules, and smart sensor modules [1] Group 1: Business Segments - Antenna business is experiencing growth across multiple tracks, with terminal antennas benefiting from the recovery in the consumer electronics market, resulting in increased shipment volume and net profit. Collaboration with key clients in laptop antennas has stabilized high-value order deliveries, maintaining high gross margins [1] - The automotive antenna segment has seen a significant increase in net profit year-on-year due to optimized customer structure, new project mass production, and the bulk shipment of 4D millimeter-wave radar waveguide antennas [1] - The thermal components and modules business is leveraging high-value SOC thermal projects for mass production and stable delivery, entering a rapid scaling phase that releases scale effects. The forward-looking layout of two-phase flow and liquid cooling products lays a foundation for long-term development [1] - The harnesses and connectors business is seizing opportunities in the electric vehicle industry, with enhanced internal management leading to increased customer recognition and rapid growth in new orders [1] - The smart sensor module business has completed the divestiture of the fingerprint module segment to focus on core areas, with mass production and delivery from the Vietnam factory significantly boosting overall business scale [1] Group 2: Investment Rating - The report initiates coverage with a "Buy" rating for the company, reflecting confidence in its growth trajectory and operational strategies [1]

证券日报网讯1月5日，硕贝德（300322）在互动平台回答投资者提问时表示，公司的散热产品可用于手 机、游戏机、笔记本电脑、基站、服务器、光伏储能及新能源汽车等领域。 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has demonstrated strong revenue growth and profit recovery, with a 50.25% year-on-year increase in revenue to 1.99 billion yuan and a staggering 1290.66% increase in net profit attributable to shareholders to 51 million yuan for the first three quarters of 2025 [4]. - The focus on core business areas has yielded significant results, with four main product lines—antennas, wiring harnesses and connectors, thermal modules, and smart sensor modules—showing positive synergy and growth [5]. - The company is expected to achieve revenues of 2.8 billion yuan, 3.6 billion yuan, and 4.7 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits projected at 80 million yuan, 110 million yuan, and 140 million yuan [6]. Company Overview - The latest closing price of the company's stock is 27.29 yuan, with a total market capitalization of 12.6 billion yuan and a circulating market value of 12 billion yuan [3]. - The company has a total share capital of 460 million shares, with 440 million shares in circulation [3]. - The company has a debt-to-asset ratio of 66.4%, indicating a relatively high level of leverage [3]. Financial Projections - Revenue is projected to grow at rates of 51.09% in 2025, 28.31% in 2026, and 30.10% in 2027 [9]. - The company is expected to achieve a gross profit margin of approximately 23% in 2025, increasing to 24.9% by 2027 [14]. - The earnings per share (EPS) is forecasted to turn positive, reaching 0.18 yuan in 2025 and 0.31 yuan in 2027 [9][14].

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：贵公司的lcp液晶聚合物天线产品是否量产？有哪些客 户生产的手机在使用lcp天线？ 硕贝德（300322.SZ）1月5日在投资者互动平台表示，公司LCP天线已量产出货。 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：目前北美客户批量采购公司哪些产品？送样给北美客 户的产品有哪些？ 硕贝德（300322.SZ）1月5日在投资者互动平台表示，公司为北美客户提供的智能穿戴天线及部分零部 件已批量出货。 ...

每经AI快讯，有投资者在投资者互动平台提问：公司的散热产品是否可以用于卫星散热？公司有没有 卫星散热技术？ （文章来源：每日经济新闻） 硕贝德（300322.SZ）1月5日在投资者互动平台表示，公司的散热产品可用于手机、游戏机、笔记本电 脑、基站、服务器、光伏储能及新能源汽车等领域。 ...

Core Viewpoint - The company is focusing on large customers and actively exploring new clients, with its low-orbit satellite communication antennas primarily receiving orders for maritime applications [2]. Group 1: Company Engagement - The company has been asked by investors about its contact with SpaceX and the applicability of its satellite antennas for Starlink [2]. Group 2: Product Applications - The low-orbit satellite antennas can be applied to mobile phones, vehicles, and maritime terminals, indicating a diverse range of potential uses [2].

Core Insights - The consumer electronics sector experienced a significant increase of 2.82% on January 5, with Jiahe Intelligent leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Jiahe Intelligent (300793) closed at 18.46, with a rise of 13.18% and a trading volume of 550,800 shares, amounting to a transaction value of 979 million [1] - Darui Electronics (300976) saw a closing price of 67.70, increasing by 12.70% with a trading volume of 86,800 shares, resulting in a transaction value of 569 million [1] - Xiechuang Data (300857) closed at 185.73, up 10.11%, with a trading volume of 282,600 shares and a transaction value of 5.108 billion [1] - Other notable performers included Kechuan Technology (603052) at 34.71 (+10.02%), Longqi Technology (603341) at 46.49 (+10.01%), and Yingqu Technology (002925) at 18.63 (+9.98%) [1] Capital Flow - The consumer electronics sector saw a net outflow of 1.085 billion from institutional investors, while retail investors contributed a net inflow of 1.845 billion [2] - Notable stocks with significant capital flow included Yingqu Technology (002925) with a net inflow of 153 million from institutional investors, despite a net outflow of 84.96 million from speculative funds [3] - Longqi Technology (603341) had a net inflow of 120 million from institutional investors, while experiencing a net outflow of 126 million from speculative funds [3]