KCT(SZ:002625) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 08:04Core Viewpoint - Guangqi Technology has achieved significant advancements in its supermaterial technology, leading to substantial revenue growth and market expansion, particularly in the civil and low-altitude economy sectors [1][5]. Group 1: Company Achievements - Guangqi Technology's subsidiary, Shenzhen Guangqi Supermaterial Technology Co., has successfully passed the CNAS qualification expansion assessment, enhancing its testing capabilities in composite materials and coatings [1]. - The company reported a revenue of 943 million yuan for the first half of 2025, a year-on-year increase of 10.70%, with net profit reaching 386 million yuan, up 6.75% [1]. - Supermaterial product revenue contributed 936 million yuan, marking a 47.35% increase, becoming the main driver of performance growth [1][2]. Group 2: Financial Performance - The proportion of revenue from supermaterial products rose from 74.55% to 99.23% year-on-year [2]. - The overall gross margin for Guangqi Technology increased to 55.06%, up 1.66 percentage points, while the gross margin for supermaterial products reached 54.95%, an increase of 0.26 percentage points [2]. - In 2024, supermaterial batch production revenue was 1.269 billion yuan, with a staggering growth of 911.24% in research income [2]. Group 3: Production Capacity and Expansion - The company has initiated large-scale production expansion in three locations: Zhuzhou, Tianjin, and Leshan, to meet the increasing demand for supermaterial products [3][4]. - The Zhuzhou 905 base is expected to begin large-scale production in October, while the Tianjin 906 base is on track for November [4]. - The company has established eight subsidiaries to cover the entire supply chain, ensuring coordinated production capacity across upstream, midstream, and downstream operations [3]. Group 4: Market Development - Guangqi Technology has accumulated a number of potential clients and application areas in the civil market, establishing a first-mover advantage [5]. - The company is actively involved in the low-altitude economy and has completed multiple extreme environment tests for its products [5]. - Guangqi Technology has invested in Leshan Tianqiong, an AI-driven drone manufacturer, to strengthen its position in the drone industry [6]. Group 5: Strategic Initiatives - The company aims to enhance the drone industry ecosystem through strategic partnerships and resource integration, focusing on the entire supply chain from core component R&D to application services [6]. - Guangqi Technology plans to continue exploring high-potential segments within the civil drone market, leveraging technology and capital collaboration [6].