Group 1: Industry Outlook - The mechanical industry is expected to maintain a steady growth rate of approximately 5.5% in 2025, following a 6.0% increase in 2024 [1] - By the end of 2024, there were 132,000 enterprises in the mechanical industry, with total assets reaching 39.4 trillion yuan, a year-on-year increase of 5.2% [2] - Among 122 monitored mechanical products, 72 showed a year-on-year increase in production, accounting for 59% [2] Group 2: Company Performance - In 2024, the company achieved a revenue of 518 million yuan and a net profit of 115 million yuan [5] - In Q1 2025, the company reported a revenue of 121 million yuan and a net profit of approximately 27.8 million yuan [5] - The company’s direct export value in 2024 was 80.68 million yuan, reflecting a year-on-year growth of 27.87% [9] Group 3: Product Development and Market Expansion - The company is actively researching products applicable to the robotics sector, although its current offerings do not directly serve this market [7][18] - The company’s PEEK material bearings are designed for high-performance applications in energy generation and petrochemical sectors [7] - The company plans to expand its product line to include applications in the automotive sector, particularly in new energy vehicles [15][26] Group 4: Strategic Initiatives - The company is in the process of acquiring 100% of the German company Levicron GmbH, with ongoing progress reported [22] - A share repurchase plan has been approved, with a total fund allocation between 20 million and 40 million yuan, aimed at enhancing shareholder value [21] - The company aims to strengthen its communication with investors and improve the quality of information disclosure [11][16]

Financial Performance - In 2024, the company achieved a revenue of 518 million CNY and a net profit of 115 million CNY, with a non-recurring net profit of 96.02 million CNY [1] - In Q1 2025, the company reported a revenue of 121 million CNY and a net profit of 27.81 million CNY, with a non-recurring net profit of 22.47 million CNY [1] - Revenue breakdown for 2024: - Industrial drive: 298 million CNY (57.64%) - Energy generation: 121 million CNY (23.31%) - Petrochemical: 44 million CNY (8.41%) - Shipbuilding: 26 million CNY (4.93%) - Other: 30 million CNY (5.70%) [1] New Industry Development - The company focuses on three key areas: wind power bearings, high-speed motors, and air-floating main shafts, achieving significant breakthroughs [2] - Successful development of second-generation sliding bearings, offering clear advantages in cost and performance over the first generation [2] - High-speed motors have been produced with rotor speeds reaching 300 m/s, supporting various applications [2] International Business Growth - Direct export revenue in 2024 was 80.68 million CNY, a year-on-year increase of 27.87% [3] - Key export markets include South Korea, India, Singapore, Germany, France, Italy, and Spain [3] Nuclear Power Sector - The company has developed a comprehensive solution for nuclear power sliding bearings, significantly increasing orders in recent years [4] - A dedicated production line for main pump bearings is under construction to enhance capacity and quality assurance [4] Acquisition of Levicron - The acquisition of 100% of Levicron aims to leverage advanced technology and sales channels to expand international market presence [5] - The acquisition process is actively progressing [5] Industrial Bearing Development Plan - Over the next three years, the company will focus on industrial bearings as a core industry, enhancing product reliability and establishing technical standards [6] - Plans to increase international market share and improve brand recognition through technology and talent acquisition [6]

Group 1: Company Overview - The main products and services include dynamic pressure oil film sliding bearings, wind power sliding bearings, high-speed permanent magnet motor products, and industrial transmission services, focusing on energy generation, industrial drive, petrochemicals, and shipping sectors [2] - In 2024, the company achieved operating revenue of CNY 518 million and a net profit attributable to shareholders of CNY 115 million [2] Group 2: Financial Performance - In Q1 2025, the company reported operating revenue of CNY 121 million and a net profit attributable to shareholders of CNY 27.81 million [2] - For 2024, revenue by industry shows: - Industrial drive: CNY 298 million (57.64%) - Energy generation: CNY 121 million (23.31%) - Petrochemicals: CNY 44 million (8.41%) - Shipping: CNY 26 million (4.93%) - Other: CNY 30 million (5.70%) [3] Group 3: International Business - The company’s international business, including direct exports and domestic factory support, has been growing rapidly, with direct export revenue reaching CNY 80.68 million in 2024, a year-on-year increase of 27.87% [4] Group 4: Nuclear Power Sector - The company has developed high-reliability sliding bearing solutions for the nuclear power sector, with a significant increase in orders for nuclear power bearings [5] Group 5: Dividend Policy - The company actively implements a cash dividend policy, prioritizing cash dividends over stock dividends, and may consider mid-term profit distributions under certain conditions [6] Group 6: Product Development - The company has established a research team for gas-lift bearings, focusing on a development model of "independent research + international cooperation + technology introduction" [7] Group 7: Capacity Utilization - The company has improved capacity utilization through optimization of production equipment, processes, and logistics, with plans for significant capacity increases as new projects come online [8]

Summary of Conference Call for Chongde Technology Company Overview - **Company**: Chongde Technology - **Industry**: Nuclear Power, Industrial Services, Wind Power, Oil and Gas, Marine Industry Key Points and Arguments 1. **Gross Margin and Orders**: The company's gross margin slightly decreased in Q1 2025 due to delays in high-margin nuclear power product deliveries, but is expected to stabilize and rise throughout the year. Current orders have increased by over 40% since the beginning of the year, with international orders up nearly 70% and export orders up 80%, indicating strong growth momentum [2][3][6]. 2. **Nuclear Power Projects**: New nuclear power projects have commenced, and the company has passed domestic localization audits to secure bulk orders. The revenue recognition cycle for these projects typically spans three years, with significant revenue expected in 2025 and 2026, as approximately 100 million yuan in orders are concentrated for delivery this year and next [2][7][10]. 3. **Transformation of Rolling Bearing Business**: The company is shifting its focus away from rolling bearings to industrial services, expanding its market presence nationwide and providing aftermarket solutions. The performance of the rolling bearing business was significantly impacted last year due to this transition and challenges in the wind power sector [2][8]. 4. **Market Share in Nuclear Power**: The value of the company's sliding bearings in nuclear power units is estimated between 20 million to 30 million yuan, capturing a significant share of the domestic main pump bearing market. The company faces little competition in the turbine sector, fulfilling most of the demand [2][9]. 5. **Cash Flow Changes**: The change in the company's operating cash flow in Q1 2025 was primarily due to a shift in payment methods and the cancellation of credit by SKF, necessitating cash payments for procurement. Accounts receivable and notes increased, but overall financial health remains stable [2][11][12]. 6. **Share Buyback and Incentives**: The company plans to implement a share buyback for equity incentives and is developing a mechanism for this. Expected revenue growth for 2025 is around 30%, with profit growth projected between 15% to 20%, considering strategic investments [2][6][13][14]. 7. **Future Business Development**: The company anticipates positive trends in business development, with a 40% increase in current orders compared to the end of 2024. The nuclear power sector is entering a new project phase, and the wind power market is expected to expand significantly this year [2][7]. 8. **International Market Strategy**: The company is accelerating its internationalization through local agencies and acquisitions, with overseas revenue accounting for 35% to 40% of total income. The impact of North American trade tensions has been minimal, as the company primarily uses domestic materials [2][6][20][21]. 9. **Acquisition Plans**: The company has ongoing acquisition strategies, particularly in the high-speed motor sector, and is exploring opportunities in artificial intelligence and robotics, focusing on precision machining technology [2][22][23]. 10. **Dividends and Shareholder Returns**: The company plans to maintain a dividend payout ratio of 30% to 40% of annual net profit [2][24]. 11. **Domestic Market Localization**: The current localization rate is approximately 60% to 70% in the supporting market, with a strong demand for further localization in high-end equipment [2][26]. 12. **Revenue Growth Expectations**: The company aims to double its revenue in the next two to three years, with significant growth anticipated in new industries such as wind power bearings and high-speed motors [2][28][29]. Additional Important Information - The company is focusing on providing solutions in the aftermarket and enhancing its competitive edge through product differentiation and high-quality offerings [2][16][17]. - The verification process for bearings in various industries can take 3 to 5 years, which is longer compared to other basic components [2][18]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, market performance, and future growth prospects.

湖南崇德科技股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 湖南崇德科技股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日召开了第二 届董事会第十二次会议，会议审议通过了《关于回购公司股份方案的议案》、《关 于授权管理层办理本次股份回购具体事宜的议案》，同意公司使用自有资金或自 筹资金以集中竞价交易的方式回购公司股份，用于实施股权激励计划或员工持股 计划。本次回购股份资金总额不低于人民币 2,000 万元且不超过人民币 4,000 万元，回购股份价格不超过人民币 76.75 元/股，回购期限自董事会审议通过回 购股份议案之日起不超过 12 个月。具体内容详见公司于 2025 年 4 月 9 日在巨潮 资讯网（www.cninfo.com.cn）披露的《第二届董事会第十二次会议决议公告》（公 告编号：2025-014）、《关于回购公司股份方案的公告》（公告编号：2025-015）。 证券代码：301548 证券简称：崇德科技 公告编号：2025-033 关于回购股份的进展公告 特此公告。 湖南崇德科技股份有限公司董事会 二〇二五年五月七 ...

Core Viewpoint - 崇德科技 has reported significant growth in revenue and profit for 2024, driven by its "one core, two wings" strategy focusing on the core business of dynamic pressure oil film sliding bearings while expanding into industrial services and international markets [1] Financial Performance - In 2024, the company achieved a revenue of 518 million yuan and a net profit attributable to shareholders of 115 million yuan, representing a year-on-year increase of 14.07% [1] - The net cash flow from operating activities reached 141 million yuan, up 170.83% year-on-year [1] - For Q1 2025, the company reported a revenue of 120 million yuan, a growth of 4.68% year-on-year, and a net profit of 27.81 million yuan [1] Industry Position and Innovation - 崇德科技 is recognized as a leading domestic manufacturer of dynamic pressure oil film sliding bearings, addressing the reliability challenges of bearings under high temperature and heavy load, thus breaking foreign technology monopolies [2] - The company has made significant advancements in the localization of key components, including overcoming challenges in the domestic production of third-generation nuclear power main pump bearings [2] International Market Expansion - The company has successfully entered the supply chains of international giants such as Siemens AG, GE, and ABB, with overseas revenue reaching 80.68 million yuan in 2024, marking a 27.87% increase [3] - 崇德科技 has established a European center to enhance local market sales and service capabilities, and has acquired 100% of German company Levicron to strengthen its international market presence [5] New Product Development - The company is actively expanding into new industries, focusing on wind power bearings, high-speed motors, and air-floating main shafts, achieving breakthroughs in these areas [4] - 崇德科技 has developed the second-generation wind power sliding bearings, which are positioned as industry-leading in design and manufacturing technology [4] Future Outlook - With the growth of downstream industries such as energy generation and petrochemicals, the demand for dynamic pressure oil film sliding bearings is expected to rise, positioning 崇德科技 for continued growth [6] - The company's strategic focus on innovation and international expansion is anticipated to enhance its competitive edge and facilitate the import substitution of key components [6]

湖南崇德科技股份有限公司 二〇二五年四月二十八日 2024 年年度报告及 2025 年第一季度报告披露提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 湖南崇德科技股份有限公司《2024 年年度报告》、《2024 年年度报告摘要》 及 《 2025 年 第 一 季 度 报 告 》 于 2025 年 4 月 29 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露，敬请投资者注意查阅。 特此公告。 证券代码：301548 证券简称：崇德科技 公告编号：2025-029 湖南崇德科技股份有限公司 1 ...

证券代码：301548 证券简称：崇德科技 公告编号：2025-025 湖南崇德科技股份有限公司 关于公司 2025 年度日常关联交易预计的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 一、日常关联交易基本情况 （一）日常关联交易概述 因日常经营需要，湖南崇德科技股份有限公司（以下简称"公司"）预计 2025 年度将与关联方斯凯孚（中国）销售有限公司（以下简称"斯凯孚销售"）及其境 内关联公司发生总金额累计不超过人民币 8,150 万元的日常关联交易。2024 年 度公司与关联方实际发生关联交易总额为人民币 6,698.88 万元。 （三）上一年度日常关联交易实际发生情况 单位：万元 公司于 2025 年 4 月 25 日召开第二届董事会第十三次会议、第二届监事会第 十次会议审议通过《关于公司 2025 年度日常关联交易预计的议案》，本议案关 联董事钱卫华先生已回避表决。该议案已经公司董事会独立董事专门会议审议通 过，保荐机构就上述事项发表了无异议的核查意见。根据《公司章程》规定，本 议案尚需提交公司股东大会审议。 本次日常关联交易预计事项不构成《上市公 ...

证券代码：301548 证券简称：崇德科技 公告编号：2025-030 湖南崇德科技股份有限公司 关于召开 2024 年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 湖南崇德科技股份有限公司（以下简称"公司"）2024 年年度报告已于 2025 年 4 月 29 日披露，为使广大投资者进一步了解公司经营情况及未来发展规划， 公司将于 2025 年 5 月 9 日（星期五）15:00-17:00 在全景网举办 2024 年度网上 业绩说明会，本次说明会将采用网络远程的方式举行，投资者可登录全景网"投 资者关系互动平台"（https://ir.p5w.net）参与本次年度业绩说明会。届时， 公司董事长周少华先生、董事兼总经理朱杰先生、独立董事李荻辉女士、副总经 理兼财务总监兼董事会秘书龙畅女士、保荐代表人胡谦女士将出席本次说明会。 为提升交流的针对性，现就公司 2024 年度业绩说明会提前向投资者公开征 集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 8 日 18：00 前将相关问题发送至公司邮箱（zqb@hnsund ...