KCT(SZ:002625) Jing Ji Guan Cha Wang·2025-09-07 04:53Core Viewpoint - Guangqi Technology has signed significant contracts for the mass production of metamaterials, indicating a transition from research to production, which is expected to impact the company's performance in 2023 and 2026 [1][2]. Group 1: Contract Details - Guangqi Technology signed a total of 1.017 billion yuan contracts for metamaterial products with one client and an additional 260 million yuan with four other clients, totaling 1.278 billion yuan in recent contracts [1]. - The products from these contracts are expected to be delivered by June 30, 2026, marking a critical phase in the company's transition to mass production [1]. Group 2: Financial Performance - In the first half of 2023, the revenue from metamaterial products reached 936 million yuan, reflecting a year-on-year growth of 47.35% [2]. - The company has accumulated a total of 2.058 billion yuan in mass production contracts this year [1]. Group 3: Production Capacity Expansion - Guangqi Technology is facing tight production capacity and plans to initiate a large-scale expansion plan in the second half of 2024 to meet future mass production demands [2]. - The second phase of the Shunde 709 base is set to commence production in October 2024, while the first phase of the Zhuzhou base has completed equipment testing and is expected to begin large-scale production in mid to late October [2]. - The Tianjin base is also under construction, with plans to start production by late November [2].