Summary of Key Points from Conference Call Records Industry or Company Involved - **AI Glasses**: Multiple significant products are set to be released, including those from Meta and Xiaomi [2][15] - **Liquid Cooling**: National standards for liquid cooling are about to be published, indicating growth in this sector [3] - **Superconductors**: Shanghai Superconductor's IPO application has been accepted, aiming to raise 1.2 billion yuan for high-temperature superconducting materials [4][17] - **POE Particles**: Domestic production of POE particles is being initiated to replace imports [5][16] - **High-end PCB**: Companies like Zhongjing Electronics and Yihua New Materials are involved in high-end PCB production for various applications [6][10] - **Air Conditioning Components**: Shunwei Co. is a leading supplier of air conditioning fan blades, indirectly supplying Xiaomi [7][16] - **Laser Defense Systems**: New developments in lightweight laser defense systems are being tested [12][17] Core Points and Arguments - **AI Glasses Market**: - Meta plans to release new AI glasses with expected sales of 4-5 million units in 2025 [15] - Xiaomi's AI glasses are in small-scale production with projected sales of 300,000-500,000 units [15] - Companies like Biyi Co. and Lianchuang Optoelectronics are heavily involved in AR/VR technologies [15] - **Liquid Cooling Industry**: - The market for liquid cooling servers in China is projected to reach $16.2 billion by 2029, with a CAGR of 46.8% from 2024 to 2029 [3] - Current penetration in data centers is below 10%, indicating significant growth potential [3] - **Superconductors**: - Shanghai Superconductor holds over 80% market share in domestic high-temperature superconducting materials [17] - The company reported a revenue increase of 189% year-on-year, reaching 240 million yuan in 2024 [17] - **POE Particles**: - The domestic market for POE is expected to reach 50-60 billion yuan in 2025, with significant import substitution potential [16] - The company anticipates net profits of 0.5 billion yuan in 2025, increasing to 5.2 billion yuan by 2027 [16] - **High-end PCB**: - Companies are focusing on high-end applications in AI, VR, and gaming, with significant demand for flexible circuit boards [16] - The domestic high-end PCB market is experiencing rapid growth due to increased demand from tech companies [16] - **Air Conditioning Components**: - Shunwei Co. has a global market share of over 35% in plastic air conditioning fan blades [7] - The company is also involved in the low-altitude economy through partnerships in agricultural drone technology [16] Other Important but Possibly Overlooked Content - **Market Dynamics**: The AI glasses market is highly competitive, with major players like Meta and Xiaomi launching new products [15] - **Regulatory Environment**: The upcoming national standards for liquid cooling may streamline the industry and enhance growth prospects [3] - **Investment Opportunities**: Companies involved in superconductors and liquid cooling are positioned for significant growth due to technological advancements and market demand [4][3] - **Financial Performance**: Many companies are reporting substantial year-on-year growth, indicating a robust recovery and expansion in their respective sectors [17][16] This summary encapsulates the critical insights from the conference call records, highlighting the evolving landscape of various industries and the companies poised to benefit from these trends.

逸豪新材（301176）发布股票交易异常波动公告，公司于2025年6月18日至2025年6月19日连续两个交易 日内收盘价格涨幅偏离值累计达到30%，属于股票交易异常波动情况。经核查，公司前期披露的信息不 存在需要更正、补充之处，近期未发现公共传媒报道了与公司相关且市场关注度较高的信息，公司近期 生产经营情况及内外部经营环境未发生重大变化，公司生产经 ...

本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：301176 证券简称：逸豪新材 公告编号：2025-025 赣州逸豪新材料股份有限公司 股票交易异常波动公告 2、公司未发现近期公共传媒报道了与公司相关且市场关注度较高的信息。 3、公司近期生产经营情况及内外部经营环境未发生重大变化，公司生产经 营正常。 一、股票交易异常波动的具体情况 赣州逸豪新材料股份有限公司（以下简称"公司"）（证券简称：逸豪新材， 证券代码：301176）于 2025 年 6 月 18 日至 2025 年 6 月 19 日连续两个交易日内 日收盘价格涨幅偏离值累计达到 30%。根据《深圳证券交易所交易规则》的有关 规定，属于股票交易异常波动的情况。 二、公司关注并核实情况的说明 针对公司股票交易异常波动情形，公司董事会通过自查及电话、书面问询、 现场问询等方式，对公司、公司控股股东、实际控制人就相关问题进行了核实， 具体情况如下： 1、公司前期披露的信息不存在需要更正、补充之处。 4、公司、控股股东和实际控制人不存在关于公司的应披露而未披露的重大 事项，也不存在处于筹划阶段的重大 ...

Group 1: Solid-State Battery Sector - Nord Shares experienced a 10.12% increase over three consecutive days, attributed to solid-state battery developments [3] - Xiangtan Electric Chemical saw a first board increase of 10.05%, also linked to solid-state battery advancements [3] - Fengyuan Shares had a first board rise of 10.03%, driven by solid-state battery news [3] - Haike New Source achieved a first board increase of 20.02%, related to solid-state battery technology [3] - Keheng Shares recorded an 11.68% rise, associated with solid-state battery innovations [3] Group 2: Robotics Sector - Kaiwang Technology had a first board increase of 20.01%, driven by robotics and connectivity [5] - Rongtai Shares saw a first board rise of 10.01%, linked to robotics [5] - Baoxin Technology experienced a first board increase of 10.00%, attributed to robotics developments [5] - Jiangsu Leili recorded an 11.98% rise, associated with robotics [5] - Shuanglin Shares had a 10.06% increase, also related to robotics [5] Group 3: AI and Chip Industry - Guojin Securities reported that Nvidia's GB200/300 is actively increasing orders, predicting explosive growth for ASICs in 2025 and 2026, with many AI-PCB companies experiencing strong orders [6] - Marvell revised its data center and AI ASIC target share, increasing the total addressable market (TAM) for data centers to $94 billion by 2028, up from $75 billion, and for AI custom chips (ASIC) to $54 billion, up from $43 billion [9] Group 4: Oil and Gas Services - Reports indicate that U.S. officials are preparing for potential strikes on Iran, which may impact the oil and gas sector [11] Group 5: Digital Currency - Circle, the first stock of stablecoins, surged over 33% in the overnight market, closing at $199.59, which is more than 540% above its issue price of $31 [13] Group 6: Market Focus Stocks - Dongxin Peace saw a 10.02% increase over nine days, with six consecutive boards [18] - Zhun Oil Shares recorded a 9.96% rise over five consecutive boards [12] - Shandong Molong experienced a 10.00% increase over five consecutive boards [12]

智通财经6月19日电，PCB概念近期反复活跃，逸豪新材、中京电子2连板，天山电子、科翔股份、则成 电子、骏亚科技等跟涨。消息面上，国金证券表示，英伟达GB200/300积极拉货，2025、2026年ASIC迎 来爆发式增长，目前多家AI- PCB公司订单强劲，满产满销，正在大力扩产，二、三季度业绩高增长有 望持续，看好核心受益公司。 PCB概念反复活跃 逸豪新材2连板 ...

Market Overview - The market experienced a rebound with all three major indices slightly up, driven by strong performance in computing hardware stocks, particularly in PCB and CPO sectors [1] - Notable stocks that hit the daily limit include Yihua New Materials, Kexiang Co., and Huadian Co. [1] - Banking stocks showed volatility but strengthened, with Agricultural Bank, Pudong Development Bank, and Chengdu Bank reaching historical highs [1] - The storage chip sector saw a midday surge, with Dawi Co. hitting the limit [1] - Military stocks also rose, with Beifang Changlong hitting the limit [1] - AI glasses concept stocks remained active, with Biyi Co. hitting the limit [1] - Overall, over 3,400 stocks declined, with a total trading volume of 1.22 trillion [1] Hot Topics PCB Sector - The PCB sector saw significant gains, with stocks like Zhongjing Electronics, Yihua New Materials, and Huadian Co. hitting the limit [4] - Shenghong Technology's market value surpassed 100 billion [4] Blockchain Sector - The blockchain sector continued to be active, with stocks like GCL-Poly and Dongxin Peace hitting consecutive limits [7] - The People's Bank of China Governor highlighted the accelerating application of new technologies in cross-border payments, promoting the development of central bank digital currencies [7] Smart Glasses Sector - The smart glasses sector experienced a surge, with stocks like Biyi Co. and Lianjian Optoelectronics hitting the limit [10] - A significant collaboration was announced between Oakley and Meta to develop smart glasses, with results expected to be revealed soon [10] - Xiaomi's AI smart glasses are set to be launched on June 26 [10] Industry Insights - According to Prismark, the server PCB market is projected to grow at a CAGR of 11.6% from 2024 to 2029, reaching $18.9 billion, becoming the largest application area for PCBs [6] - The demand for high-end PCBs is expected to remain tight in the medium to long term due to the continuous upgrade of AI servers and the need for high-speed data transmission [6] - The global cross-border payment transaction volume is expected to reach $194.6 trillion in 2024, with a projected CAGR of 6.4% to $320 trillion by 2032 [9] - The demand for stablecoins in cross-border payments is anticipated to grow significantly, given the current market size of approximately $230 billion [9]

Market Overview - The A-share market experienced a slight increase on June 18, with the Shanghai Composite Index rising by 0.04%, the Shenzhen Component Index by 0.24%, and the ChiNext Index by 0.23% [2] - A total of 1,813 stocks rose, while 3,479 stocks fell, with 49 stocks hitting the daily limit up [3][4] Sector Performance - The computing hardware sector saw a collective surge, with PCB and CPO sectors leading the gains, and stocks like Yihua New Materials, Kexiang Co., and Hudian Co. hitting the daily limit up [4] - The banking sector showed strong performance, with several banks, including Agricultural Bank of China and Shanghai Pudong Development Bank, reaching historical highs [8][10] Technological Advancements - A significant breakthrough was reported by the Shanghai Institute of Optics and Fine Mechanics, where a team developed a high-parallel optical computing integrated chip, "Meteor No. 1," achieving a parallelism greater than 100 [5][6] - This advancement in optical computing is expected to enhance performance and open new avenues for low-power, low-latency, high-capacity optical computers, which are crucial for AI and large-scale data exchange [6] Policy Developments - The Chinese government issued an action plan to enhance Shanghai's status as an international financial center, focusing on attracting financial institutions and improving financial services [15][17] - The China Securities Regulatory Commission (CSRC) introduced new guidelines for the Sci-Tech Innovation Board, aimed at enhancing inclusivity and adaptability for high-quality technology enterprises [20][21]

Core Viewpoint - Yihau New Materials (301176.SZ) reported a revenue increase of 12.55% for 2024, but continued to face net losses, indicating ongoing financial challenges despite revenue growth [1][2]. Financial Performance Summary - For 2024, the company achieved a revenue of 1.437 billion yuan, up from 1.277 billion yuan in 2023, marking a growth of 12.55% [2]. - The net profit attributable to shareholders was -38.86 million yuan, a decline of 17.92% compared to -32.96 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses was -40.51 million yuan, worsening by 12.71% from -35.94 million yuan in 2023 [2]. - The net cash flow from operating activities was -183.27 million yuan, a significant decline of 497.86% from -30.66 million yuan in the previous year [2]. Q1 2025 Performance - In the first quarter of 2025, the company reported a revenue of 360.16 million yuan, reflecting a year-on-year increase of 17.10% from 307.55 million yuan [3]. - The net profit attributable to shareholders for Q1 2025 was -1.54 million yuan, an improvement of 15.49% compared to -1.82 million yuan in the same period last year [3]. - The net profit after deducting non-recurring gains and losses was -2.01 million yuan, showing an 11.54% improvement from -2.28 million yuan in Q1 2024 [3]. - The net cash flow from operating activities for Q1 2025 was -57.19 million yuan, a decline of 24.20% from -46.05 million yuan in the previous year [3]. Company Background - Yihau New Materials was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 28, 2022, with an initial public offering of 42.27 million shares at a price of 23.88 yuan per share [4]. - The total amount raised from the IPO was 1.009 billion yuan, with a net amount of 903.45 million yuan after deducting issuance costs [4]. - The actual fundraising exceeded the planned amount by 157.30 million yuan, which was intended for projects including the production of high-precision electrolytic copper foil and a research and development center [4].

Group 1: Stock Performance and Market Stability - The company's stock was issued at a price of 23.88 CNY, but the current stock price is 17 CNY, significantly below the issuance price, raising concerns about market stability and investor confidence [1] - The company acknowledges that stock prices in the secondary market are influenced by multiple factors and emphasizes the importance of transparent communication regarding financial and operational status [1] - The company plans to continuously optimize its main business and strengthen its industrial chain collaboration to enhance overall company value [1] Group 2: Market Conditions and Business Strategy - The domestic electrolytic copper foil industry remains highly competitive, with processing fees at historical lows, impacting the company's performance [2] - The company aims to consolidate and expand its market share in high-end electronic circuit copper foil, improve product quality, and enhance production capacity for high-frequency and ultra-thin copper foil [2] - Adjustments to the PCB product structure and production layout are planned to increase the proportion of high-value-added products and improve capacity utilization [2] Group 3: Financial Performance and Future Outlook - The company's performance has been disappointing since its listing, with ongoing challenges in achieving profitability in the PCB business, particularly for double-sided and multi-layer products [3] - The company expects that as industry competition leads to capacity reduction, supply and demand relationships will gradually improve, potentially enhancing future performance [3] - Ongoing projects funded by the initial public offering are progressing as expected, aligning with the company's commitments made during the IPO [3] Group 4: Shareholder Actions and Market Management - The company is committed to market value management and will disclose any plans for share buybacks in accordance with relevant laws and regulations [4] - Concerns were raised regarding major shareholders reducing their holdings despite the stock price being below the issuance price, with clarifications that the reducing shareholders are not the controlling shareholders of the company [5]

本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 赣州逸豪新材料股份有限公司（以下简称"公司"）于 2024 年 10 月 11 日 召开了第二届董事会第二十三次会议和第二届监事会第十七次会议，审议通过了 《关于使用部分闲置募集资金暂时补充流动资金的议案》及《关于使用暂时闲置 超募资金暂时补充流动资金的议案》，同意公司使用总额人民币 35,000 万元的 部分闲置募集资金及 6,293.86 万元暂时闲置超募资金暂时补充流动资金，全部用 于与公司主营业务相关的生产经营业务，使用期限自公司董事会审议通过之日起 不超过 12 个月，到期将归还至募集资金专用账户。具体内容详见公司于 2024 年 10 月 11 日在巨潮资讯网披露的《关于使用暂时闲置超募资金及部分闲置募集资 金暂时补充流动资金的公告》（公告编号：2024-060）。 证券代码：301176 证券简称：逸豪新材 公告编号：2025-023 赣州逸豪新材料股份有限公司 关于归还用于暂时补充流动资金的超募资金的公告 公司已于 2025 年 5 月 14 日将上述用于暂时补充流动资金的部分闲置超募 资金 4,7 ...