Zheng Quan Zhi Xing·2025-09-01 00:08Group 1: Yunyi Electric - The company is focusing on the strategic new track of new energy connection components, expecting rapid growth in the first half of 2025 due to expanding external market demand and strong internal capabilities [1] - The revenue from nitrogen-oxygen sensor business is expected to maintain growth, with the company achieving independent R&D and production of core sensor units, reducing reliance on overseas supply chains [1] - The gross margin of the intelligent wiper system has improved due to increased self-manufacturing rates and lean production, with project volume expected to ramp up in the first half of next year [1] Group 2: Feikai Materials - The company anticipates significant revenue growth for TMO products in the first half of 2025, driven by declining raw material prices and improved gross margins [2] - The company has made technological breakthroughs in thick film negative photoresists and is expanding EMC materials into advanced packaging and third-generation semiconductors [2] - The acquisition of JNC's liquid crystal business is expected to help the company enter the high-value-added small and medium-sized market [2] Group 3: Meichang Co., Ltd. - The company achieved a cost reduction of approximately 12% in the second quarter, with tungsten wire bus costs decreasing by over 10% due to improved industry maturity and lower procurement prices [3] - The self-manufacturing ratio of tungsten wire bus is expected to increase to around 50% by the fourth quarter [3] - The company has a competitive advantage in recycling waste tungsten wire due to its full-process production capabilities [3]