伊之密分析师会议-20250827

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - In H1 2025, the company achieved good operating results due to the industry's recovery, the implementation of the global strategy, and the promotion of the "dual - carbon" policy. The company's revenue and net profit both increased year - on - year [25][26]. - The Indian factory is an important part of the company's global strategy, which can enhance the company's competitiveness in the Indian market, expand overseas markets, and reduce trade risks [27]. - The company's semi - solid magnesium alloy injection molding machine is a high - end intelligent equipment mainly used in new energy vehicles, and there are increasing market opportunities for it [27][28]. - The company has advantages in R & D innovation, with increased R & D investment and an experienced R & D team [28][29]. - The die - casting machine industry in 2025 shows trends of innovation, intelligence, and green development. The company has made achievements in die - casting machine R & D [29][30]. - The company is increasing investment in the fields of automation transformation and intelligent manufacturing to provide customers with solutions and create more value [30][31]. 3. Summary by Directory 3.1 Research Basic Situation - Research object: Yizumi [16] - Industry: Special equipment [16] - Reception time: August 27, 2025 [16] - Reception staff: Board secretary Xiao Deyin, securities affairs representative Chen Jiewen, and securities affairs assistant He Wenjie [16] 3.2 Detailed Research Institutions - Multiple institutions participated in the research, including securities companies such as China Galaxy Securities Co., Ltd., Zhongtai Securities Co., Ltd., and Citic Securities Co., Ltd.; asset management companies such as Grand Alliance Asset Management and Bojun Capital Management (Hong Kong); and fund management companies such as Beijing Yutian and Beijing Zhiwei Private Equity [17][18][19] 3.3 Main Content Data - Company's H1 2025 Operating Results: The company's total operating revenue was 2.7462985 billion yuan, a year - on - year increase of 15.9%; the net profit attributable to shareholders of the listed company was 344.59167973 million yuan, a year - on - year increase of 15.2%. The sales revenue of injection molding machines, die - casting machines, and rubber machines all increased year - on - year [25]. - Indian Factory: Located in the GIDC Industrial Park in Gujarat, India, with a land area of about 81,000 square meters and a first - phase workshop building area of over 20,000 square meters. It is mainly used for the production of intelligent equipment and injection molding machines, which can enhance the company's competitiveness in the Indian market and reduce trade risks [27]. - Semi - solid Magnesium Alloy Injection Molding Machine: Designed for high - performance and lightweight magnesium alloy castings in new energy vehicles, using an "integrated" molding method, and is a high - end intelligent equipment integrating multiple technologies, mainly used in the production of large key parts for new energy vehicles [27][28]. - R & D Innovation Advantages: With a technology center as the R & D platform, the company increased R & D investment by 8.00% year - on - year in H1 2025. It has an R & D team of over 900 people and more than 400 patent technology achievements, including 82 invention patents [28][29]. - Die - casting Machine Industry and Company's R & D: In 2025, the die - casting machine industry shows trends of innovation, intelligence, and green development. The company's LEAP series of large die - casting machines have achieved results in the integrated die - casting field, and it has also developed super - large die - casting machines such as the 7000T and 9000T models [29][30]. - Automation Transformation and Intelligent Manufacturing: The company provides intelligent manufacturing solutions for customers, integrates various digital technologies, and has put the Wusha Third Factory into use. It is also planning to invest in a more advanced intelligent warehousing center and an intelligent manufacturing base, and has started the construction of the first - phase factory of the East China Manufacturing Base (Nanxun) [30][31]