Group 1 - The company, Beilong Precision (301567.SZ), has confirmed its products are utilized in the smartphone supply chains of major brands like Huawei and Apple [2] - In the smartphone sector, the company provides structural components such as lens tubes, isolation rings, pressure rings, lens seats, bases, carriers, shielding covers, and VCM motors to industry leaders including Sunny Optical, Amphenol, Samsung Electro-Mechanics, and TDK [2] - The products are widely applied in both Android and iOS operating system smartphones [2]

每经AI快讯，有投资者在投资者互动平台提问：请问贵公司有没有光刻相关的技术储备？ 贝隆精密（301567.SZ）9月9日在投资者互动平台表示，公司是一家精密结构件制造及研发企业，产品 主要运用于智能手机领域，和可穿戴设备、智慧安居、汽车电子等非智能手机领域，目前尚无您提及的 相关业务。 （文章来源：每日经济新闻） ...

证券日报网讯贝隆精密9月9日在互动平台回答投资者提问时表示，公司目前汽车电子精密结构件产品包 括车载镜筒、镜座、外壳、支架等，主要应用于车载摄像头模组。 （文章来源：证券日报） ...

Group 1 - The company experienced a revenue decline of 7.60% and a net profit decrease of 40.08% due to several factors including delayed product launches and increased competition [1][2][3] - The precision manufacturing industry is facing challenges with high prices for new products and the need for strategic price reductions on older products, impacting revenue [2][3] - The company is undergoing a transition with new clients' products ramping up production, which has led to increased costs and lower profit margins during the initial stages [3] Group 2 - The company has implemented measures to address the decline in net profit, including hiring external consultants for management improvement [3] - The company has been actively monitoring its compliance with regulations and has not reported any significant issues or concerns [1][2] - The company is in the process of transitioning its new facility into fixed assets, which has resulted in increased depreciation and amortization expenses [2][3]

兴业证券股份有限公司 关于贝隆精密科技股份有限公司 2025 年半年度跟踪报告 | 保荐机构名称：兴业证券股份有限公司 | 被保荐公司简称：贝隆精密 | | --- | --- | | 保荐代表人姓名：张华辉 | 联系电话：020-83637785 | | 保荐代表人姓名：贾晓斌 | 联系电话：020-83637785 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 不适用 | | 2．督导公司建立健全并有效执行规章制度的 | | | 情况 | | | （1）是否督导公司建立健全规章制度（包括 但不限于防止关联方占用公司资源的制度、 | 是 | | 募集资金管理制度、内控制度、内部审计制 | | | 度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月查询 | | （2）公司募集资金项目进展是否与信息披露 | 是 | | 文件一致 | | ...

Group 1: Financial Performance - The company achieved a sales revenue of 40.52 million yuan in July 2025, representing a 23.11% increase month-over-month [2] - The sales revenue from VCM motor precision components reached 38.29 million yuan, showing a year-over-year growth of 13.33% [3] Group 2: Market Outlook and Product Development - The company anticipates improved profitability due to the gradual mass production of the IMMT project and increased market share in camera module carriers for a well-known North American smartphone brand [2] - The global penetration rate for periscope cameras in smartphones is estimated to be around 11% in 2024, with Apple holding approximately 36%-38% and Android at 5%-6%, indicating significant growth potential [3] Group 3: Cost Control Measures - The company implements cost control measures across procurement, production, and operations, including establishing long-term partnerships with quality suppliers and optimizing inventory management [4] - Lean management principles are applied to enhance project success rates and reduce production cycles [4] Group 4: Competitive Landscape - The company holds a strong market position in the precision complex structure components sector, with major clients including Sunny Optical, Amphenol, Samsung Electro-Mechanics, and TDK Group [5] - The industry is characterized by intense competition, with a limited number of high-tech companies capable of producing high-quality, complex products [5] Group 5: Strategic Expansion and Diversification - The company is cautiously expanding into non-smartphone sectors such as automotive electronics and AI glasses, although the current revenue contribution from these areas is minimal [6] - Future plans include further product line expansion in the smartphone sector and exploring new markets in AR/VR and smart security [6] Group 6: Long-term Development Strategy - The company aims to become a leading enterprise in precision manufacturing, focusing on high-value-added products and expanding its product lines and process capabilities [6] - The strategy includes maintaining a focus on high-quality major clients and enhancing competitiveness through smart manufacturing and lean management [6]

Financial Performance - The company reported total revenue of 180 million yuan for the first half of 2025, a decrease of 7.6% year-on-year [1] - The net profit attributable to shareholders was 10.5863 million yuan, down 40.08% compared to the previous year [1] - In Q2 2025, total revenue was 94.6436 million yuan, a decline of 6.68% year-on-year, with net profit of 2.5485 million yuan, down 72.71% [1] - The gross margin was 20.89%, a decrease of 12.26% year-on-year, while the net margin was 5.87%, down 35.15% [1] - Total operating expenses were 18.0732 million yuan, accounting for 10.03% of revenue, an increase of 27.43% year-on-year [1] Cash Flow and Receivables - The company's cash flow per share was 0.37 yuan, a decrease of 52.67% year-on-year [1] - Accounts receivable amounted to 127 million yuan, representing 335.72% of the net profit, indicating a significant receivables issue [1][3] - The cash and cash equivalents increased by 105.05% year-on-year to 37.6328 million yuan [1] Return on Investment - The company's return on invested capital (ROIC) was 5.43% last year, indicating average capital returns [3] - The historical median ROIC since the company went public is 15.81%, suggesting better investment returns in previous years [3] Technology and Production - The company is utilizing the IMMT (Insert Molding and Mounting Technology) for modular integration, which optimizes traditional processes and reduces component costs [3][4] - The technology is currently applied in the smartphone VCM motor sector, with plans to explore its application in other product areas as industry technology matures [4]

Core Viewpoint - Beilong Precision Technology Co., Ltd. reported challenges in its business performance for the first half of 2025, primarily due to delays in the release of mainstream smartphone models and increased competition leading to price reductions on older products, although the company anticipates recovery in profitability in the future [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 180 million yuan, with the second quarter revenue reaching 94.64 million yuan, a quarter-on-quarter increase of 10.59% [1]. - The net profit attributable to shareholders was 10.59 million yuan, with a net profit of 6.01 million yuan after deducting non-recurring gains and losses [1]. - In July 2025, the company recorded sales revenue of 40.52 million yuan, reflecting a month-on-month growth of 23.11% [1]. Group 2: R&D and Technological Capabilities - The company emphasized its focus on R&D, particularly in VCM motors and IMMT products, with R&D investment amounting to 12.71 million yuan, a year-on-year increase of 6.15% [2]. - Beilong Precision is recognized as a high-tech enterprise with a provincial-level technology center and has participated in multiple national and industry standards drafting [2]. - The company has obtained a total of 114 patent authorizations, including 34 invention patents, showcasing its strong innovation capabilities [2]. Group 3: Product Development and Market Position - The company has expanded its product line from lens components and camera module components to include smartphone motor components, achieving sales revenue of 38.29 million yuan in this new area, a year-on-year increase of 13.33% [3]. - Beilong Precision's precision mold development and manufacturing capabilities are critical for producing high-value structural components, which are essential for various applications in smartphones and other electronic devices [2][3].

证券代码：301567 证券简称：贝隆精密 公告编号：2025-029 贝隆精密科技股份有限公司 第二届监事会第九次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 （一）审议通过《关于<2025 年半年度报告>及其摘要的议案》 经审议，监事会认为：董事会编制和审核《2025 年半年度报告》及其摘要 的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日披露于公司指定信息披露媒体《中国证券报》、 《证券 日 报 》、《 证 券 时 报 》、《 上 海 证 券 报 》、《 经 济 参 考 网 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《2025 年半年度报告》、《2025 年半年度 报告摘要》。 一、监事会会议召开情况 议的会议通知于 2025 年 8 月 15 日通过电子邮件等方式送达至各位监事，通知中 包括会议相关资料，同时列明了会议的召开时间、地点和审议内容。 事会秘书吴磊先生、证券事务代表杭天宇 ...

Group 1 - The core point of the article is that Beilong Precision (SZ 301567) held its second board meeting on August 25, 2025, to review the agenda including the 2025 semi-annual report and its summary [1] - For the year 2024, Beilong Precision's revenue composition is 97.41% from precision structural components manufacturing and 2.59% from other businesses [1] - As of the report, Beilong Precision has a market capitalization of 3.2 billion yuan [1]