Group 1: Financial Performance - The company achieved a steady revenue growth in 2024, primarily driven by the antenna, thermal components, and smart module businesses [4] - R&D investment accounted for 8.87% of revenue in 2024, focusing on core business technology upgrades and exploratory projects [3] - The overall operating income and gross margin increased compared to the previous year, with significant improvements in the smart module and thermal component businesses [5] Group 2: Strategic Development - The company plans to enhance its supply chain collaboration and explore new partnerships, particularly in the automotive sector [3] - The 4D millimeter-wave radar waveguide antennas have begun mass delivery, with expectations to provide over one million units to leading domestic customers within the year [3] - The company is actively pursuing opportunities in AI wearable technology and low-orbit satellite communication antennas, having completed R&D for the latter [4][5] Group 3: Market Expansion - Export revenue accounted for 23.26% of the company's total revenue in 2024, primarily targeting Southeast Asia and North America [6] - The company has established deep and ongoing partnerships with major clients in the automotive sector, focusing on 5G, high-precision positioning, and V2X antenna products [4] - The company is committed to optimizing its customer and product structure while actively pursuing cost reduction and efficiency improvement initiatives [5] Group 4: Future Outlook - The management is optimistic about achieving profitability goals for the year, emphasizing a focus on major clients and operational efficiency [6] - The company is exploring potential business collaborations with Huawei and other major clients for low-orbit satellite communication technology [4] - The company is enhancing its product offerings in the VR/AR sector, leveraging unique technologies to gain recognition from American brand clients [3]

Industry Insights - The Ministry of Industry and Information Technology has issued an action plan for improving the quality and safety of communication construction projects from 2025 to 2027, focusing on six key areas including system improvement, quality enhancement, safety management, standard supply acceleration, digital management enhancement, and environmental optimization [1] - The rise of AI presents significant development opportunities for the communication industry, increasing demands on communication capabilities and injecting new growth momentum into the sector [1] Technology Developments - The training of AIGC large models relies heavily on computing card clusters, which in turn drives the demand for ultra-high-speed optical communication, leading to significant advancements in related technologies such as SerDes, silicon photonics, optical chips, and coherent optics [2] - As the scale of model parameters continues to grow, computing card clusters are evolving from thousands to tens of thousands and even hundreds of thousands, necessitating the interconnection of multiple geographically distributed data centers [2] Company Updates - Suobede is involved in mobile intelligent terminal antennas, precision mold design and manufacturing, wireless charging products, sensor molds, and intelligent detection equipment [3] - Runjian Co. is expanding its computing power business through its Wuxiang Cloud Valley data center and has successfully won a contract for the largest single intelligent computing center project for a global operator [3] - Xinwei Communication is accelerating the coverage of new businesses such as high-performance precision connectors and UWB modules, while enhancing its market share in electronic business through its established product advantages [3]

一、说明会召开的时间、地点和方式 1、召开时间：2025年5月14日（星期三）15：00-17：00 2、召开地点：价值在线（www.ir-online.cn） 3、召开方式：网络互动方式 证券代码：300322 证券简称：硕贝德 公告编号：2025-044 惠州硕贝德无线科技股份有限公司 关于举办 2024 年度网上业绩说明会的公告 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"）已于2025年4月28日 在巨潮资讯网上披露了《2024年年度报告》。为便于广大投资者更加全面深入地了 解公司2024年度经营成果及未来发展规划等情况，公司定于2025年5月14日（星期 三）15：00至17：00在"价值在线"（www.ir-online.cn）举办公司2024年度网上业 绩说明会。 投资者可于2025年5月14日（星期三）15：00-17：00通过网址 https://eseb.cn/1odjSBe89MY或使用微信扫描下方小程序码即可进入参与互动交流。 投资者可于2025年5月14日前进行会前提问，公司将通过本次业 ...

Summary of Key Points from Conference Call Records Industry or Company Involved - **Tungsten Industry**: Focus on strategic minerals and the impact of export controls on tungsten - **Huaihe Energy**: Involvement in coal, electricity, and logistics sectors - **5G-A Technology**: Development and deployment of advanced 5G technology Core Points and Arguments Tungsten Industry 1. **Export Control Measures**: The government has initiated actions to combat the smuggling of strategic minerals, including tungsten, which is essential in various industries such as automotive and aerospace [3][1] 2. **Tungsten Characteristics**: Tungsten is recognized for its high melting point, hardness, density, and thermal conductivity, earning it the nickname "industrial teeth" [3][1] 3. **Global Tungsten Supply**: By 2024, global tungsten reserves are projected to reach 4.6 million metric tons, with China contributing over 80% of the world's tungsten production [7][1] 4. **Demand and Applications**: The demand for tungsten is expected to reach 142,000 metric tons in 2024, primarily for hard alloys and tungsten steel, with significant applications in automotive and defense sectors [7][1] 5. **Recycling and Supply Challenges**: China's tungsten recycling rate is only 17%, indicating a gap in recovery and quality compared to international standards, which may affect future supply [7][1] Huaihe Energy 1. **Asset Injection Impact**: The company plans to acquire a significant stake in Huaihe Energy Power Group, which is expected to enhance its operational capacity and increase net profit by 105% [8][1] 2. **Coal Supply and Production**: Huaihe Energy has a strong coal supply chain, with a high coverage rate for long-term contracts, which positions it competitively in the market [11][1] 3. **Future Growth Potential**: The company has additional coal and power assets that could further increase its operational scale, with potential for significant growth in the coming years [11][1] 5G-A Technology 1. **Performance Enhancements**: 5G-A technology is expected to increase upload and download speeds by tenfold, significantly improving connectivity and reducing latency [12][1] 2. **Global Deployment**: Testing networks for 5G-A have been established across 31 provinces in China, with plans for expansion into international markets [12][1] 3. **Investment in Infrastructure**: There is a notable increase in capital expenditure from operators for 5G-A, indicating a strong commitment to enhancing network capabilities [15][1] Other Important but Possibly Overlooked Content - **Market Trends**: The tungsten sector is experiencing a bullish trend due to government actions against smuggling and the strategic importance of tungsten in various applications [4][1] - **Stock Performance**: Several companies within the tungsten industry and those involved in 5G technology have seen significant stock price increases, reflecting positive market sentiment [9][1][13][1] - **Long-term Outlook**: The overall outlook for both the tungsten industry and 5G-A technology remains positive, with expectations of sustained demand and growth opportunities in the coming years [7][1][15][1]

5G又有重磅驱动！ 今日午后，A股5G概念股局部异动，武汉凡谷直线涨停，硕贝德涨超10%，创远信科直线拉涨超13%，硕贝德、广哈 通信、华脉科技、瀛通通讯等纷纷冲高。 据央视新闻报道，最近，不少北京移动和联通用户发现手机上出现了5G高级（下文称"5G-A"）信号。报道认为， 5G-A和5G相比，能够在容量、速率、时延、定位、可靠性等方面实现大幅提升，可以带来更快、更优质的通信体 验，并有望实现低成本千亿物联。 据业内专家介绍，中国电信运营商已在全国31个省区部署了5G-A试验网络，初期容量可支持5000万用户。该技术也 已在欧洲、拉美、中东等全球其他地区得到验证。中国移动表示，计划今年投资近100亿元人民币（约合14亿美 元），扩展其5G-A无线网络中基于人工智能的应用，并升级超过40万个基站。中国电信等其他运营商正在多个行业 试点5G-A解决方案。 与此同时，中国联通计划在39个重点城市和300多个城市应用区启动5G-A，覆盖物联网（IoT）、车联网（IoV）和 工业互联网等关键场景。目前，中国移动已公布100个支持5G-A网络的试点城市，并计划在今年年底前将覆盖范围 扩大到全国300多个城市。仅在北京，就 ...

Group 1 - The 5.5G concept is gaining traction, with companies like Wuhan Fangu and Shobei De seeing significant stock price increases due to their involvement in 5.5G technology and products [1] - Wuhan Fangu's products, such as multi-frequency multi-channel filters, are already being applied in 5.5G systems, leading to a stock price increase of 10.04% [1] - Shobei De has turned profitable and its antenna products are applicable in 5.5G networks, with a stock price rise of 7.68% [1] Group 2 - Recent reports indicate that users in Beijing are experiencing 5G-A signals, which are ten times faster than 5G, with testing networks deployed across 31 provinces in China [2] - Major telecom operators in China are investing heavily in 5G-A, with China Mobile planning to invest nearly 10 billion yuan to expand AI applications in wireless networks [3] - China Telecom and China Unicom are also pushing for 5G-A applications across various industries and key urban areas [3] Group 3 - During the 14th Five-Year Plan, China's 5G-A user base is expected to approach 1.3 billion, accounting for over 50% of the global total, enhancing digital transformation across industries [4] - 5G-A is seen as a significant upgrade to 5G, improving communication speed, connection density, latency, and positioning accuracy, paving the way for 6G technology [5] - The demand for dielectric waveguide filters is expected to rise due to their advantages in size, weight, and cost, benefiting the production of key components like antennas and filters [5] Group 4 - There is potential market growth in areas such as RedCap modules, integrated sensing, satellite communications, and XR, indicating a release of market space [6]

Group 1 - The Terahertz concept sector increased by 2.90%, ranking fifth among concept sectors, with 22 stocks rising, including Sifang Electronics which hit the daily limit, and others like Leike Defense and Yaguang Technology showing significant gains of 7.69% and 7.46% respectively [1] - The top gainers in the Terahertz concept sector included Sifang Electronics, ZTE Corporation, and Yaguang Technology, with net inflows of 9953.89 million, 7174.28 million, and 4470.21 million respectively [2][3] - The overall market saw a net inflow of 2.02 billion into the Terahertz concept sector, with 13 stocks receiving net inflows, and 6 stocks exceeding 3000 million in net inflows [1] Group 2 - The leading stocks by net inflow ratio included Sifang Electronics at 17.39%, Tongfang Co. at 10.47%, and Yaguang Technology at 9.35% [2] - The trading volume and turnover rates for the top stocks in the Terahertz concept sector were notable, with Sifang Electronics showing a turnover rate of 7.20% and ZTE Corporation at 1.79% [2][3] - The stocks with the largest declines included Juguang Technology and Shuo Beid, with declines of 0.80% and 0.07% respectively [1]

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。 证券代码：300322 证券简称：硕贝德 公告编号：2025-043 惠州硕贝德无线科技股份有限公司 关于股票期权注销完成的公告 惠州硕贝德无线科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第五届董事会第二十次会议和第五届监事会第二十次会议，审议通过了 《关于注销 2021 年股票期权激励计划部分股票期权的议案》。因公司未达到 2021 年股票期权激励计划第四个行权期的业绩考核目标，根据公司《2021 年股票期 权激励计划（草案）》的相关规定，公司拟注销前述涉及的 182.65 万份股票期权， 具体内容详见公司于 2025 年 4 月 28 日在巨潮资讯网上披露的相关公告。 2025 年 4 月 30 日 经中国证券登记结算有限责任公司深圳分公司审核确认，上述股票期权的注 销事宜已办理完成。本次注销的股票期权尚未行权，不会对公司总股本造成影响， 注销完成后公司 2021 年股票期权激励计划已全部结束。 特此公告。 惠州硕贝德无线科技股份有限公司董事会 1 ...

Group 1 - Jinchengxin signed a mining production contract with Western Mining for approximately 377 million yuan [1] - Weishinkang's subsidiary received a drug registration certificate for compound amino acid injection (18AA-Ⅸ) [1] - Kangyuan Pharmaceutical obtained a drug registration certificate for Yunu Jian granules [2] Group 2 - Zongheng Communication reported a net profit of 3.42 million yuan in Q1 2025, turning from loss to profit [3] - Phoenix Holdings achieved a net profit of 1.39 million yuan in Q1 2025, also turning from loss to profit [3] - Dayuan Pump Industry reported a net profit of 39.21 million yuan in Q1 2025, a decrease of 3.95% year-on-year [5] Group 3 - Shuo Beid reported a net profit of 14.53 million yuan in Q1 2025, an increase of 276.05% year-on-year [7] - Tongde Chemical reported a net profit of 10.31 million yuan in Q1 2025, a decrease of 51.51% year-on-year [8] - Vanadium Titanium Co. reported a net loss of 98 million yuan in Q1 2025, a decline of 40.84% in revenue [9] Group 4 - Xineng Taishan reported a net profit of 16.23 million yuan in Q1 2025, turning from loss to profit [10] - Andavil reported a net profit of 13.83 million yuan in 2024, a decrease of 87.82% year-on-year [12] - Xingyuan Environment reported a net loss of 302 million yuan in 2024, a reduction in loss by 69.46% [14] Group 5 - China Rare Earth reported a net loss of 287 million yuan in 2024, turning from profit to loss [15] - Zhejiang Huaye reported a net profit of 92.94 million yuan in 2024, an increase of 32.21% year-on-year [16] - Mengjie Co. reported a net profit of 24.88 million yuan in 2024, an increase of 10.99% year-on-year [18] Group 6 - Tongde Chemical reported a net loss of 71.99 million yuan in 2024, turning from profit to loss [19] - Rongsheng Development reported a net loss of 8.44 billion yuan in 2024, turning from profit to loss [21] - Sanwei Communication reported a net loss of 27.1 million yuan in 2024, turning from profit to loss [22] Group 7 - Wankang Technology reported a net loss of 16.3 million yuan in 2024, turning from profit to loss [24] - Huitian New Materials reported a net profit of 1.02 billion yuan in 2024, a decrease of 65.91% year-on-year [25] - Luzhou Laojiao reported a net profit of 13.47 billion yuan in 2024, an increase of 1.71% year-on-year [27] Group 8 - Haiyuan Composite reported a net loss of 16 million yuan in 2024 [29] - Hongchuan Wisdom reported a net profit of 15.8 million yuan in 2024, a decrease of 46.57% year-on-year [30] - Gree Electric reported a net profit of 32.18 billion yuan in 2024, an increase of 10.91% year-on-year [30]

Group 1: Securities Market Regulation - The Shenzhen Stock Exchange took self-regulatory measures against 105 cases of abnormal trading behavior from April 21 to April 25, involving market manipulation and false declarations [1] - The exchange conducted investigations into 12 major corporate events and reported 2 cases to the China Securities Regulatory Commission for suspected violations [1] Group 2: Smartphone Market - In Q1 2025, China's smartphone market saw a 5% year-on-year increase, with shipments reaching 70.9 million units, driven by government subsidies and consumer recovery [1] - Xiaomi regained the top position with a shipment of 13.3 million units, marking a 40% increase and a market share of 19% [1] - Huawei followed closely with 13 million units shipped, maintaining double-digit growth, while Apple experienced an 8% decline in shipments, totaling 9.2 million units [1] Group 3: Low-altitude Economy - The "Low-altitude Economic Development Trend Report" predicts that by 2030, over 100 eVTOL companies will emerge in China, with several expected to obtain operational certifications by 2027 [2] Group 4: Corporate Investigations - Dongni Electronics was placed under investigation by the CSRC for suspected information disclosure violations, following multiple warning letters regarding similar issues [3] - Nord Shares and Hongtian Shares are both under investigation for failing to disclose related party transactions as required [5] Group 5: Financial Performance - Shuo Beid's Q1 2025 report showed a revenue of 518 million yuan, a 41.69% increase, and a net profit of 14.52 million yuan, up 276.05% year-on-year [6] - Luzhou Laojiao reported a 3.19% increase in revenue for 2024, totaling 31.196 billion yuan, with a net profit of 13.473 billion yuan, up 1.71% [7] - Hongchuan Wisdom's 2024 revenue decreased by 6.27% to 1.45 billion yuan, with a net profit drop of 46.57% to 158 million yuan [8] - Gree Electric's 2024 revenue fell by 7.26% to 189.164 billion yuan, while net profit increased by 10.91% to 32.185 billion yuan [9]