Core Viewpoint - The company, Yizhiming (300415.SZ), has sufficient production capacity for electric injection molding machines and is focusing on localizing its operations in Southeast Asia to enhance market penetration [1] Group 1: Company Strategy - The core strategy in the Southeast Asian market is to deepen localization efforts [1] - The company aims to improve response speed through a regional service network [1] - It combines efficient, precise, and green energy-saving product advantages to offer customized overall solutions [1]

Core Viewpoint - The company is addressing investor inquiries regarding the production capacity planning for the FF series electric injection molding machines, particularly in the context of growing market demand in the transparent PET packaging and cosmetics packaging sectors [1] Group 1: Production Capacity and Expansion Plans - The company has indicated that it has sufficient production capacity for its electric injection molding machines [1] - There are inquiries about specific expansion plans for the FF series electric injection molding machines to meet market growth from Q4 2025 to H1 2026 [1] Group 2: Competitive Landscape and Strategies - In the Southeast Asian market, the company faces competition from both local manufacturers and international brands [1] - The company's core strategy to address competition includes deepening local presence, enhancing regional service networks for faster response times, and leveraging the advantages of efficient, precise, and green energy-saving products to provide customized solutions [1]

Group 1 - The company's overseas revenue growth is primarily driven by sales volume, particularly benefiting from the increasing orders in the new energy vehicle and consumer electronics sectors [1] - The establishment of the factory in India will effectively avoid tariff barriers, shorten delivery times, and reduce cross-border logistics costs [1] - The company is enhancing its sales and service network in overseas regions, significantly boosting sales scale [1]

伊之密（300415.SZ）11月11日在投资者互动平台表示，目前公司与ACRC以联合研发为核心合作模 式，聚焦镁合金铸造、数字化制造等领域技术探索。 （记者 胡玲） 每经AI快讯，有投资者在投资者互动平台提问：IMA美洲委员会议成功链接了如ACRC等顶尖研究机 构，请问贵司与ACRC等机构的合作是联合研发、技术授权还是共建实验室等具体模式？是否有明确的 联合项目规划、资金投入与知识产权共享方案？ ...

截至发稿，伊之密市值为115亿元。 每经头条（nbdtoutiao）——进博会"爆品"来袭！德国"天价"扳手引围观，阿根廷牛儿为中国"贴膘"，卢 旺达咖啡豆火出圈…… 每经AI快讯，伊之密（SZ 300415，收盘价：24.44元）发布公告称，2025年11月10日，伊之密接受平安 证券等投资者调研，公司董事会秘书肖德银，证券事务助理何文杰参与接待，并回答了投资者提出的问 题。 （记者 曾健辉） 2024年1至12月份，伊之密的营业收入构成为：其他行业占比29.01%，汽车占比26.31%，3C产品占比 17.89%，家用电器占比6.97%，日用品占比6.4%，包装占比5.78%。 ...

Group 1: Company Overview - The company operates in the molding equipment industry, focusing on high molecular materials and metal forming, with main products including injection molding machines, die-casting machines, and rubber machines [3] - The company has a strong emphasis on technological innovation and product development, particularly in the semi-solid magnesium alloy injection molding machine sector, which is designed for lightweight components in new energy vehicles [4] Group 2: Market Performance - The injection molding machine market saw a steady demand in 2023, with a recovery in industry prosperity compared to 2022, and the company’s sales growth outpaced the overall industry [4] - The company’s injection molding machine sales revenue has shown rapid growth, benefiting from government policies promoting industrial equipment upgrades [4] Group 3: Production Capacity - The company has multiple production facilities in China, including a headquarters and factories in Guangdong, with a total area exceeding 8,000 square meters for various machine types [5] - An overseas factory in Ohio, USA, and a facility in Gujarat, India, are operational, focusing on local production and support for HPM products [5][6] Group 4: Demand Trends - Domestic demand for injection molding machines remains robust, particularly in traditional sectors like home appliances and daily goods, while new energy vehicles and consumer electronics are driving higher demand for advanced models [8] - The die-casting machine market is experiencing growth in large integrated die-casting demand, with significant orders from leading new energy vehicle companies [9] Group 5: Global Expansion - The company has established a global presence with over 40 overseas distributors, covering more than 90 countries, and is focusing on local investments in key markets like India [11] - The company aims to enhance its international competitiveness by leveraging its dual-brand strategy with "YIZUMI" and "HPM" [11]

Core Viewpoint - Yizhim's net profit attributable to shareholders reached 220 million yuan in Q3 2025, marking a year-on-year increase of 21.24%, driven by strong domestic and international demand [1] Financial Performance - In the first three quarters of 2025, the company experienced robust export performance, benefiting from the global manufacturing shift to Southeast Asia, Mexico, and Central and Eastern Europe, with emerging markets contributing significantly to growth [1] - The dual growth in injection molding and die-casting machine businesses reflects effective market expansion [1] R&D and Competitive Advantage - The company maintains high R&D investment to break through frontier technologies, aligning its high-end product matrix with downstream lightweight and precision demands, thereby establishing a long-term competitive moat [1] Market Dynamics - The combination of increasing domestic high-end demand and the benefits from the overseas manufacturing shift has positively impacted the company's performance [1] Incentive Mechanism - The implementation of a medium to long-term incentive plan binds the team to growth, supported by a strict exit and accountability mechanism that creates a closed loop of "incentive-constraint-accountability" [1] - This mechanism works in conjunction with the compensation management system to promote stable operations [1] Investment Rating - Given the significant technological advantages in die-casting and injection molding machines, along with the growth in overseas capacity and channel development, the investment rating is maintained at "Buy" [1]

Industry Overview - The Chinese plastic machinery industry began in the late 1950s and has developed a complete industrial system over 60 years, with plastic machinery production ranking first in the world for 20 consecutive years [4] - According to the China Plastics Machinery Industry Association, China's plastic machinery production accounts for over 50% of the global total, with sales revenue accounting for approximately 35% [5] Company Profile - Yizumi, established in 2002, is a key player in the injection molding machine sector, ranking second in market share, with the first being Haitian International [5][6] - The company focuses on high polymer materials and metal forming, with core products including injection molding machines and die-casting machines, both of which are significant in scale and rank among the top in the industry [7] Product Applications - Injection molding machines are categorized into general and specialized types, used in automotive, home appliances, 3C (computer, communication, consumer electronics), and packaging industries [8] - Die-casting machines include cold chamber die-casting machines, specialized types, and magnesium alloy series, primarily applied in the automotive, motorcycle, 3C, and home appliance sectors [8] Financial Performance - For the first three quarters of 2025, the company reported revenue of 4.31 billion, a year-on-year increase of 17.2% [9] - In the third quarter, the company achieved revenue of 1.56 billion, reflecting a year-on-year growth of 19.6% [11] - The net profit attributable to shareholders for the first three quarters reached 560 million, up 17.4%, nearing last year's total [11] - In the third quarter, net profit attributable to shareholders was 220 million, showing a year-on-year increase of 21.2%, indicating an accelerating trend [13]

伊之密（300415.SZ）11月6日在投资者互动平台表示，目前公司与国内外多家客户在不同阶段（包括试 样和批量认证）均保持着紧密的合作关系，客户粘性不断增强。 （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："认证"壁垒是构建客户粘性的关键。请问，目前处于不 同认证阶段（如试样、小批量、量产）的潜在客户数量分别有多少？公司预计在2025年和2026年，有望 转化为正式订单并确认收入的客户家数目标是多少？ ...

Core Viewpoint - The demand for magnesium alloy structural components in the electric vehicle sector is experiencing significant growth, prompting the company to optimize its production capacity dynamically based on market needs [1] Group 1: Company Developments - The company has indicated that its UN series semi-solid magnesium alloy injection molding machines have a well-established product layout and engineering capabilities [1] - The company is committed to continuously investing in equipment, processes, and supply chain collaboration to ensure timely responses to customer demands and to seize industry development opportunities [1] Group 2: Market Trends - There is a notable increase in orders from the electric vehicle powertrain casing sector, although specific figures regarding the concentration of these orders within the total orders for die-casting machines were not disclosed [1] - The company is preparing for a peak in industry demand expected in 2026, although no specific capacity enhancement plans or timelines were provided [1]