KCT(SZ:002625) Zheng Quan Zhi Xing·2025-05-27 00:12Group 1: Guangqi Technology - Guangqi Technology showcases a unique full industry chain layout and technological advantages in the field of metamaterials [1] - The company has solved the technical difficulties of large-scale production of metamaterials and emphasizes the importance of collaborative capabilities across the entire industry chain [1] - Over the next five years, the company will continue to iterate on technology, addressing both its own technological advancements and customer needs [1] - In the civilian sector, the company is advancing the establishment of smart automotive testing standards and conducting drone test flights [1] - Although the revenue proportion from civilian products is not yet clear, the company will explore more application directions [1] - The company collaborates with multiple universities and research institutions to promote technological innovation [1] - Guangqi Technology has achieved fully intelligent operational decision-making, enhancing production efficiency and addressing raw material supply issues [1] - In response to the global chip shortage, the company relies on a strong supercomputing center and self-developed testing technology to ensure product delivery [1] - R&D investments for the first quarters of 2024 and 2025 were 96.15 million and 19.08 million respectively, accounting for 6.17% and 5.13% of total revenue [1] - Whether the company's products are subject to export controls depends on specific application fields and end product models [1] Group 2: Zhouming Technology - Zhouming Technology is a leading enterprise in the LED display industry, consistently driving development through innovation [2] - As of the 2024 annual report, the company's LED display business accounts for 92.49% of total revenue, widely applied in advertising and sports events, becoming the main profit source [2] - The company actively promotes the R&D of high-end Mini/Micro LED product lines to meet high-end application demands [2] - Through the LED+I strategy upgrade, Zhouming Technology constructs an intelligent and scenario-based innovative ecosystem [2] - By early 2025, the Zhouming gent platform successfully integrated multiple mainstream models, launching innovative products like the I holographic companion assistant [2] - The company has made significant achievements in technological innovation and intellectual property protection, with 1,124 R&D personnel in 2024, accounting for 19.94% of the total workforce [2]