KCT(SZ:002625) Chang Jiang Shang Bao·2025-09-07 23:21Core Viewpoint - The company, Guangqi Technology, is experiencing significant growth in its orders and production capacity for metamaterials, with a total of 12.78 billion yuan in contracts signed recently, indicating a robust demand in the aerospace sector [1][2][3]. Group 1: Order and Production Growth - Guangqi Technology's subsidiary, Guangqi Advanced Technology, has signed contracts totaling 12.78 billion yuan for the mass production of metamaterial products, with deliveries expected by June 30, 2026 [2]. - The company has secured a total of 20.58 billion yuan in metamaterial contracts in 2025, reflecting a strong order intake [2]. - The mass production revenue from metamaterials reached 9.36 billion yuan in the first half of 2025, marking a 47.35% year-on-year increase and accounting for 99.23% of total revenue [3][5]. Group 2: Capacity Expansion and Financial Performance - To meet growing order demands, Guangqi Technology is implementing a nationwide strategic plan, launching large-scale production expansion starting in the second half of 2024 [3]. - The company has established three major production bases in strategic regions, enhancing its production capacity and delivery capabilities [3]. - In the first half of 2025, the company reported a revenue of 9.43 billion yuan, a 10.7% increase year-on-year, and a net profit of 3.86 billion yuan, up 6.75% [5][6]. Group 3: Research and Development - Guangqi Technology has maintained high levels of investment in research and development, resulting in the successful mass production of its fourth-generation metamaterials [6]. - The company has filed 27 new patent applications and received 30 patents, leading in patent reserves in the metamaterials field globally [6]. - The company has achieved continuous revenue and net profit growth for six and a half years, with revenue increasing from 3.8 billion yuan in 2017 to 15.58 billion yuan in 2024 [4][6].