SINOLINK SECURITIES(SH:600109) Xin Lang Cai Jing·2025-09-08 10:47Group 1: Company Overview - Beijing Zhongshi Weiye Technology Co., Ltd. recently held a roadshow event attracting over 40 institutions including Guojin Securities and Founder Securities, revealing important information about the company's business layout and performance growth [1] - The company is a global leader in functional polymer materials and thermal management solutions, focusing on core materials and components while keeping pace with the AI+ industry development trend [2] Group 2: Business Strategy and Development - Zhongshi Weiye emphasizes technological research and development, aiming to provide comprehensive reliability solutions for electronic devices, and has established production bases in Wuxi, Yixing, and Thailand, along with R&D bases in Beijing and Shanghai [2] - The company is enhancing its R&D innovation to seize opportunities in emerging fields driven by the AI wave, aiming to offer high value-added products and services to leading global customers [2] Group 3: Performance Growth Analysis - The company's performance growth in the first half of 2025 is attributed to the recovery in consumer electronics demand, the launch of new projects and products, and increased demand for thermal materials from major clients [3] - The company has optimized its product supply structure and implemented cost-reduction measures, which have improved profitability [3] Group 4: Product Offerings and Technical Barriers - Zhongshi Weiye provides comprehensive thermal solutions, including high thermal conductivity graphite products, thermal interface materials, and heat pipes, catering to various industry needs [4] - The company has established independent R&D teams and experimental platforms in multiple thermal technology fields, maintaining advanced technology to offer reliable solutions [4] Group 5: Client Collaboration - In the consumer electronics sector, the company serves major clients in the 3C industry, including long-term partnerships with North American clients and Samsung [5] - In the digital infrastructure sector, the company collaborates closely with leading communication terminal manufacturers such as H Company and ZTE [5] Group 6: Production Base Development - The Yixing production base has established a complete production line capable of mass production and stable delivery, accelerating investment in thermal module capacity [6] - The Thailand production base has passed several key system certifications and achieved mass production delivery, with expansion projects for high thermal conductivity graphite production lines underway [6] Group 7: Business Progress Across Fields - In thermal solutions, the combination of graphite and heat spreaders has become mainstream, with the company maintaining a leading position in artificial synthetic graphite [7] - The company is advancing thermal solutions and related product applications in data centers, with VC module products accelerating in high-speed optical module applications [7] - The company has developed foldable flexible graphite components that have received global patent certification, applicable in foldable screen smartphones [7]