1 | | 巴等头部企业，参与了之江实验室新型算力中心、中国联通浙江德清云 | | --- | --- | | | 数据中心、杭钢云计算数据中心等重点项目建设。 | | | 三、公司可控核聚变领域相关业务介绍 | | | 可控核聚变领域如超导托克马克（人造小太阳）等多项大科学工程 | | | 必须在液氦到超流氦温区环境下运行，氦气压缩机作为大型低温系统的 | | | 核心部件，是实现大科学装置低温环境的主要手段。国家重大科研装备 | | | 研制项目"液氦到超流氦温区大型低温制冷系统研制"所采用的是公司 | | | 生产的"兆瓦级"大型的氦气压缩机设备，该项目可获得-271℃温度下 | | | 百瓦级的制冷量。上述技术已取得国家科技成果评价，整体技术达到国 | | | 际领先水平，具有重要的社会效益和经济效益，市场应用前景广阔。公 | | | 司拥有多项氦气压缩机的相关专利。 | | | 四、氢能源领域业务介绍 | | | 公司在氢燃料电池领域的发展，源于对产业链核心技术的长期布 | | | 局。公司一方面是发展燃料电池电堆、动力系统及系统核心零部件制造 | | | 业务，另一方面是将现有压缩机技术、制冷技术 ...

Summary of JinDi Co., Ltd. Conference Call Company Overview - JinDi Co., Ltd. reported a robust growth in its assembly frame and components business, with revenue reaching 640 million yuan in the first three quarters of 2025, a year-on-year increase of 39% [2][3] - The wind power sector contributed 310 million yuan, showing an impressive growth of 86% year-on-year, driven by positive industry expectations and increased bidding volumes [2][6] Key Business Segments Precision Components - The precision components business experienced rapid expansion, with revenue of 622 million yuan in the first three quarters of 2025, a year-on-year growth of 59.21% [2] - Notably, the new energy electric drive rotor products generated 140 million yuan, marking a staggering growth of 243% [2][3] Profitability - The company's profitability is gradually improving, with total profit in Q3 2025 increasing by 41.54% year-on-year [2][5] - The cumulative profit for the first three quarters rose by 39.37%, attributed to improved production efficiency from new production lines [2][5][10] Market Dynamics - Wind power bidding prices have stabilized, and the company is leveraging economies of scale to reduce costs, maintaining stable gross margins [2][7] - Market competition is increasingly focused on product quality and delivery capabilities, with potential minor fluctuations in gross margins due to changes in product structure [2][7] Future Outlook Wind Power Business - The wind power revenue for 2024 was 240 million yuan, with projections for 2025 to reach approximately 400 million yuan, supported by favorable industry expectations and new product developments [6] - Anticipated normal growth in wind power revenue for 2026, driven by new products like system replacements and cast sliding bearings [6] Automotive Components - The customized rotor business is expected to be the fastest-growing segment, with projections for 2026 to exceed 600 million yuan if current quarterly performance is maintained [9] - The number of production projects has increased from 42 to 57 between March and November 2025, with 93 projects currently in various stages of production [9][10] New Product Developments Semiconductor Heat Sinks - JinDi has developed a new semiconductor heat sink using copper and precision stamping technology, aimed at high-end chip markets, with samples already delivered [4][16] - The market capacity for this product is estimated at 700 million units, with expectations for large-scale production within two to three years [17][18] Challenges and Customer Engagement - The progress of the flexible wheel product has been slow due to busy schedules of downstream customers, but the technology shows competitive potential [11][15] - Ongoing arm testing is being conducted with key clients, with a focus on ensuring timely production readiness for potential large orders [12][13] Conclusion - JinDi Co., Ltd. is positioned for continued growth across its key business segments, particularly in wind power and precision components, while also exploring new opportunities in semiconductor applications and hydrogen energy [4][19]

Group 1 - The core announcement is about the results of the "Meijin Convertible Bond" repurchase, with a repurchase price of 100.986 CNY per bond, and a repurchase period from December 1 to December 5, 2025 [1][2] - The effective repurchase quantity was 23 bonds, resulting in a total repurchase amount of 2,322.67 CNY, which will not materially affect the company's cash flow, asset status, or debt servicing ability [2][3] - The unrepurchased bonds will continue to be traded on the Shenzhen Stock Exchange [3] Group 2 - The company held its 47th board meeting on December 10, 2025, to discuss various matters, including the change in consolidation scope regarding its subsidiary, Foshang Feichi Automotive Technology Co., Ltd. [6][7] - The board approved the proposal to change the consolidation scope, which resulted in the company no longer controlling Feichi Technology, thus it will be treated as an associate company [7][12] - The board also approved the postponement of the "Luanzhou Meijin New Energy Co., Ltd. 14,000Nm3/h coke oven gas hydrogen production project" completion date from December 2025 to December 2026, without changing the project’s investment amount or direction [10][25] Group 3 - The company will hold its fifth extraordinary general meeting on December 26, 2025, to discuss the matters approved in the board meeting [38][39] - The meeting will allow for both on-site and online voting, with specific registration and voting procedures outlined for shareholders [40][41]

Core Viewpoint - The article highlights the successful delivery of 500 hydrogen fuel cell commercial vehicles by Qingling, marking a significant step in the commercialization and large-scale development of hydrogen fuel cell vehicles in China [1][8]. Group 1: Project Overview - Qingling launched the world's largest hydrogen fuel cell commercial vehicle demonstration project in Hami, Xinjiang, delivering the first batch of 500 vehicles equipped with Bosch's latest 300Kw hydrogen fuel cell engine [1]. - The project aligns with China's "14th Five-Year Plan" to promote the large-scale application of new technologies and products, integrating Qingling's innovations with Xinjiang's resources [5]. Group 2: Technological Advancements - Qingling's R&D team has overcome 12 core technologies and secured 108 patents, resulting in commercial vehicles that exhibit significant advantages such as high power, low hydrogen consumption, long lifespan, and enhanced safety [7]. - The vehicles are customized for Xinjiang's climate and operational scenarios, making them the only hydrogen fuel cell heavy trucks capable of meeting the demands of coal transportation across the Tianshan Mountains [7]. Group 3: Market and Resource Advantages - Xinjiang boasts significant energy advantages with over 100 billion kilowatt-hours of annual electricity generation from wind and solar resources, providing a low-cost foundation for green hydrogen production [8]. - The region's extensive road transport network and the high volume of coal transportation (over 70% of total freight) create a robust market demand for clean and efficient hydrogen fuel cell vehicles [8]. - Supportive government policies in Xinjiang, including measures to promote the hydrogen energy industry, are fostering a favorable environment for the development of the hydrogen supply chain and industry [8]. Group 4: Future Implications - The mass delivery of hydrogen fuel cell commercial vehicles by Qingling is seen as a new starting point for the commercialization and large-scale development of hydrogen fuel cell vehicles in China, aiming to establish a replicable national model for hydrogen energy transportation [8].

Core Viewpoint - The introduction of hydrogen-powered drones by China National Petroleum Corporation's Liaohe Oilfield enhances pipeline inspection efficiency and overcomes previous limitations in drone endurance and performance in extreme weather conditions [1] Group 1: Technological Advancements - The hydrogen-powered drone completed its first test flight with stable flight conditions and smooth data transmission [1] - The drone's hydrogen fuel cell system has doubled its endurance, allowing for a flight time of up to 90 minutes compared to the previous 30-40 minutes with lithium batteries [1] - The drone can operate in a wide temperature range from -20°C to 50°C, ensuring stable performance in extreme weather [1] Group 2: Operational Efficiency - The drone supports a quick switch between lithium and hydrogen power systems within 10 minutes, facilitating efficient operations [1] - Refueling with hydrogen takes only 5 minutes, enabling a "refuel and fly" operational model [1] - The drone can cover a distance of 20 kilometers in a single flight, significantly improving the inspection range from the previous 6 kilometers [1]

Core Viewpoint - The company, DeGute, is experiencing a decline in stock price and revenue, but it is positioned in several growth sectors such as carbon neutrality, hydrogen energy, and specialized equipment manufacturing, which may present future opportunities for recovery and growth [1][9]. Group 1: Company Performance - On December 9, DeGute's stock fell by 2.19%, with a trading volume of 71.58 million yuan and a market capitalization of 3.545 billion yuan [1]. - For the period from January to September 2025, DeGute reported a revenue of 382 million yuan, a year-on-year decrease of 9.29%, and a net profit attributable to shareholders of 72.26 million yuan, down 26.39% year-on-year [9]. - The company has distributed a total of 87.668 million yuan in dividends since its A-share listing, with 67.668 million yuan distributed over the past three years [10]. Group 2: Industry Position and Innovations - DeGute has developed a high-temperature air preheater for gasification, which can increase production by 45% and save fuel by 9.3% to 13.2%, contributing to reduced carbon emissions [2]. - The company has been recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [2]. - DeGute has entered the hydrogen energy production sector, providing energy-saving heat exchange and storage equipment, and has the capability to design and produce hydrogen storage devices [2][3]. Group 3: Market Dynamics - As of the latest report, 59.28% of DeGute's revenue comes from overseas markets, benefiting from the depreciation of the yuan [4]. - The company operates in the specialized equipment sector, focusing on energy and heavy equipment, and is involved in various concept sectors including carbon neutrality and hydrogen energy [8].

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大 遗漏。 一、协议签署概况 福建雪人集团股份有限公司（以下简称"公司"）的全资子公司福建雪人氢能科技有限公司于2022年11月 21日与日本株式会社水素パワー（以下简称"日本氢动力公司"）在福州签署了《金属极板燃料电池电堆 委托开发合同》。具体内容详见公司于2022年11月22日披露于巨潮资讯网上的《关于战略合作协议进展 暨签署委托开发合同的公告》（公告编号：2022-052）。 二、项目进展情况 截至目前，与日本氢动力公司签订的《金属极板燃料电池电堆委托开发合同》已全面履行完毕，项目于 近日正式通过最终验收。本项目成功交付了完整的金属极板燃料电池电堆技术资料，产品也通过了稳定 性与耐久性等性能测试，产品性能指标符合约定要求。 通过本项目的成功实施，公司技术团队快速掌握金属极板燃料电池电堆的核心设计，建立完整的技术资 料库，为产品规模化生产奠定了坚实的技术基础。 三、对公司的影响 本次项目顺利完成验收，标志着公司已掌握了金属极板燃料电池电堆的核心技术，电堆作为氢燃料电池 ...

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证券日报网讯12月5日，江苏神通（002438）在互动平台回答投资者提问时表示，公司参股子公司神通 新能源在航空航天领域的布局已取得一定进展，开发的高压氢阀产品已在氢燃料动力无人机领域率先投 入应用，产品覆盖制氢、储氢、加氢等环节，具备高安全性能，能够满足航天领域相关高端精密设备的 动力系统需求。 ...

（文章来源：每日经济新闻） 江苏神通（002438.SZ）12月5日在投资者互动平台表示，公司参股子公司神通新能源在航空航天领域的 布局已取得一定进展，开发的高压氢阀产品已在氢燃料动力无人机领域率先投入应用，产品覆盖制氢、 储氢、加氢等环节，具备高安全性能，能够满足航天领域相关高端精密设备的动力系统需求。 每经AI快讯，有投资者在投资者互动平台提问：公司有航空阀门相关产品么？ ...