广东美信科技股份有限公司 2025 年第三季度报告 证券代码：301577 证券简称：美信科技 公告编号：2025-059 广东美信科技股份有限公司 2025 年第三季度报告 本公司及董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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 1 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 106,383,515.08 | 3.22% | 311,753,539.57 | 3.06% | | 归属于上市公司股东 | 879,673.62 | -76.48% | 11,387,797.47 | ...

Core Viewpoint - Meixin Technology (301577.SZ) has indicated that its power transformers can match HVDC systems, ensuring stable operation of these systems [1] Product and Technology - The company's power transformers are compatible with HVDC systems, which is crucial for maintaining stability [1] - Meixin Technology's signal magnetic components have extensive applications in the communication field, providing technical support and experience for their use in HVDC systems [1] Business Application - Currently, the company's products have not been applied in the SST solid-state transformer architecture [1]

Group 1 - The core viewpoint of the article is that Meixin Technology (美信科技) has the capability to support HVDC (High Voltage Direct Current) systems with its power transformers, ensuring stable operation of these systems [2] - Meixin Technology's signal magnetic components have extensive applications in the communication field, providing technical support and experience for their use in HVDC systems [2] - Currently, Meixin Technology's products have not been applied in the SST (Solid State Transformer) architecture [2]

Core Viewpoint - The company, Meixin Technology, announced that its Bay Area headquarters will officially commence operations in the fourth quarter of 2025, with relocation activities already initiated to ensure efficient service for business expansion needs [1] Group 1 - The Bay Area headquarters is part of the company's strategy to support its expanding business operations [1] - The relocation process has already started, indicating proactive steps towards the new headquarters [1] - The company aims to ensure that the new facility will be operationally efficient upon opening [1]

Group 1 - The company has begun using its new headquarters in the Bay Area starting from October [2] - The signal magnetic components production line will be relocated to the new facility, while the power components production line will primarily remain at the original site [2] - The original workshop for signal components will be utilized for expansion of production capacity [2]

Core Viewpoint - Meixin Technology (301577) has demonstrated its product applicability in AI servers, industrial robots, and data centers, which has been validated by significant international and domestic customer certifications, indicating the company's technological strength and product adaptability, breaking the monopoly of foreign manufacturers in high-end sectors and opening up market growth opportunities [1] Group 1 - The company's products are applicable in various high-tech fields such as AI servers, industrial robots, and data centers [1] - The company has received important certifications from both international and domestic clients, showcasing its technological capabilities [1] - The company's advancements are disrupting the monopoly held by foreign manufacturers in high-end markets [1] Group 2 - The developments are expected to create new growth opportunities in the market [1]

Core Viewpoint - The company, Meixin Technology, has demonstrated its product applicability in AI servers, industrial robots, and data centers, which has been validated by significant international and domestic customer certifications, indicating its technological strength and product adaptability, thereby breaking the monopoly of foreign manufacturers in high-end sectors and opening up market growth opportunities [1] Group 1 - The company's products are applicable in various fields including AI servers, industrial robots, and data centers [1] - The company has received important certifications from both international and domestic clients [1] - The certifications validate the company's technological capabilities and product adaptability [1] Group 2 - The company aims to disrupt the monopoly held by foreign manufacturers in high-end markets [1] - The developments are expected to create new growth opportunities in the market [1]

Group 1 - The company has engaged in a specific investor research activity with Huafu Securities, discussing various business developments and plans [1] - The company's products are applicable in AI servers, industrial robots, and data centers, having received certifications from significant international and domestic clients, indicating strong technical capabilities and market potential [1] - The company plans to officially use its Bay Area headquarters in the fourth quarter of this year, with relocation already initiated to support business expansion [1] Group 2 - The company is focusing its R&D efforts on high-value sectors such as new energy vehicles, AI servers, artificial intelligence, and industrial automation, which show strong demand and growth potential [2] - The R&D strategy includes accelerating new project development and technology iteration to maintain industry-leading product performance and technical specifications [2] - The company aims to overcome key technological bottlenecks and enhance product differentiation to capture opportunities in high-growth emerging markets, supporting sustained performance and market position [2]

Group 1: Company Products and Applications - The company's products can be applied in AI servers, industrial robots, and data centers, having received certifications from significant international and domestic clients, which demonstrates the company's technical strength and product adaptability, breaking the monopoly of foreign manufacturers in high-end fields and opening up market growth opportunities [2] - The company’s wholly-owned subsidiary, Guangdong Weizhi Robot Manufacturing Co., Ltd., focuses on precision control of industrial machinery and automated production of high-value magnetic components, aiming for breakthroughs in technology and capacity upgrades to achieve high-end intelligent manufacturing [3] Group 2: Headquarters and Operational Plans - The company’s Bay Area headquarters is set to officially commence operations in the fourth quarter of this year, with relocation work already initiated, ensuring efficient service for the company's expanding business needs post-setup [2] Group 3: Research and Development Strategy - The company plans to focus its R&D efforts on high-value sectors such as new energy vehicles, AI servers, artificial intelligence, and industrial automation, with a strategy to accelerate new project development and technology iteration to maintain industry-leading product performance and technical standards [3] - The company aims to overcome key technological bottlenecks through innovation, enhancing product differentiation and competitiveness, ultimately seizing opportunities in high-growth emerging markets to support sustained performance growth and solidify market position, thereby providing long-term value returns for investors [3]

Core Viewpoint - Meixin Technology's stock performance shows a slight increase, with notable financing activities indicating a low financing balance relative to market capitalization and a high short-selling position [1][2]. Financing Summary - On October 15, Meixin Technology had a financing buy-in of 4.27 million yuan and a financing repayment of 5.29 million yuan, resulting in a net financing buy of -1.02 million yuan [1]. - The total financing balance as of October 15 is 54.10 million yuan, accounting for 4.88% of the circulating market value, which is below the 20th percentile level over the past year, indicating a low position [1]. - The short-selling data shows no shares were sold or repaid on October 15, with a short-selling balance of 0.00 yuan, which is above the 90th percentile level over the past year, indicating a high position [1]. Company Performance - As of September 30, the number of shareholders for Meixin Technology is 7,452, a decrease of 3.93% from the previous period, while the average circulating shares per person increased by 4.09% to 2,528 shares [2]. - For the first half of 2025, Meixin Technology reported a revenue of 205 million yuan, a year-on-year increase of 2.98%, while the net profit attributable to the parent company was 10.51 million yuan, a decrease of 7.64% year-on-year [2]. Dividend and Shareholding - Since its A-share listing, Meixin Technology has distributed a total of 48.69 million yuan in dividends [3]. - As of June 30, 2025, the fourth largest circulating shareholder is CITIC Prudential Multi-Strategy Mixed Fund (LOF) A, holding 486,900 shares as a new shareholder [3].