KCT(SZ:002625) Zheng Quan Ri Bao Wang·2025-10-12 13:43Core Insights - Guangqi Technology has signed contracts totaling 516 million yuan for metamaterial products, with deliveries expected by June 30, 2026, marking a significant increase in order volume [1] - The company has reported nearly 2.6 billion yuan in total orders for the first three quarters of the year, setting a new annual record [1] - Recent order announcements reflect a rapid increase in order delivery pace and strong downstream demand for metamaterials [1] Company Developments - Guangqi Technology is enhancing its production capacity and technology in response to rising demand, focusing on the production of next-generation metamaterial aerospace structures [2] - The company has established multiple production bases, including Zhuzhou, Tianjin, and Leshan, to effectively manage large-scale order releases and deliveries [2] - As a leader in the domestic metamaterials industry, Guangqi Technology has developed a comprehensive capability from design to testing, achieving international leading technical standards [2] Strategic Positioning - The metamaterial aerospace structure products are considered key offerings in the advanced equipment sector, characterized by high customer loyalty and significant technical barriers [2] - The company is leveraging an "order feedback into R&D" model to strengthen its technological moat, allowing for accelerated technology iteration and reinforcing its core position in the customer supply chain [2] - The ongoing production of bulk orders is expected to support the company's capacity release, technological breakthroughs, and enhancement of market competitiveness in the coming years [2]