12月3日，湖北众联资产评估有限公司出具专项评估报告（众联评报字[2025]第1299号），对湖北兴福电子材料股份有限公司拟收购的湖北三峡实验室光刻 胶用光引发剂制备专有技术及实验设备所有权进行评估，确定其在评估基准日2025年10月31日的含税市场价值为4626.78万元，为此次技术成果转化及资产 收购提供了专业价值参考。 据悉，本次评估由湖北三峡实验室与湖北兴福电子材料股份有限公司共同委托，评估目的是为前者"光刻胶用光引发剂制备关键技术"成果转化提供价值依 据。该技术成果转化旨在将实验室创新技术落地为实际生产力，充分发挥其社会与经济价值，推动相关产业升级和经济高质量发展。 此次资产收购及技术成果转化，是产学研深度融合的重要实践。湖北兴福电子作为外商投资上市企业，主营业务涵盖电子专用材料研发、制造与销售等，此 次收购将进一步拓展其产品品类、优化产业布局，提升在半导体行业的核心竞争力。而湖北三峡实验室作为湖北省政府批准组建的事业单位，依托多家高校 及企业共建，此次技术成果转化也为科研机构创新技术走向市场提供了成功范例。 评估对象包括两部分核心资产：一是光刻胶用光引发剂制备专有技术，二是配套实验设备。其中，专有 ...

Summary of the Conference Call for Maiwei Co., Ltd. Industry and Company Overview - The conference call focuses on Maiwei Co., Ltd., a company involved in semiconductor equipment, photovoltaic technology, and display equipment sectors [2][3][5][6]. Key Points and Arguments Semiconductor Equipment - Maiwei's order volume has doubled for two consecutive years, reaching 4 billion yuan, driven by growth in both front-end (etching, thin film deposition) and back-end (slicing, bonding) semiconductor equipment [2][3]. - The company signed new orders worth approximately 1 billion yuan in 2024, with expectations to reach 2 billion yuan in 2025 and 4 billion yuan in 2026, indicating a strong growth trajectory [3]. - The front-end equipment includes etching and thin film deposition, which account for about 20% of total semiconductor equipment capital expenditure, comparable to lithography machines [3]. - Maiwei's R&D expenditure for 2024 is projected to be 1 billion yuan, which is 50% of leading semiconductor equipment companies, enhancing its market competitiveness and accelerating product expansion [2][4]. Photovoltaic Technology - The company sees significant opportunities in the U.S. market for HJT (Heterojunction Technology) due to its shorter process, resource savings, and lower patent risks, making it suitable for U.S. expansion [5][10]. - Maiwei aims to enhance AGT (Advanced Glass Technology) module power, with expectations to reach 770-780 watts in 2025 and 800 watts by year-end, driven by various technological advancements [9]. Display Equipment - Maiwei focuses on OLED (flexible laser cutting) and Micro LED (wafer bonding, laser transfer) technologies, with key clients including BOE and Tianma, resulting in significant order growth [6]. New Material Breakthroughs - The company plans to achieve breakthroughs in molybdenum materials, which are increasingly replacing tungsten in advanced logic devices and NAND flash memory, necessitating higher requirements for etching and thin film deposition [7][8]. Additional Important Insights - The U.S. photovoltaic manufacturing landscape differs significantly from China, particularly in cost structure, with U.S. operations focusing more on operational and facility costs rather than capital expenditures [10][11]. - AGT technology has a competitive edge in the U.S. market due to its lower operational costs and absence of patent issues, as its patents expired around 2015 [12]. - Maiwei is actively pursuing partnerships with U.S. companies to support AGT production capacity, with expectations of a market valuation reaching 60 to 70 billion yuan [13][14].

（编辑 袁冠琳） 证券日报网讯 12月9日，光力科技在互动平台回答投资者提问时表示，公司客户覆盖欧美、东南亚等全 球市场，具有广泛的客户认知度。国产化半导体机械划切设备性能已媲美国际竞争对手对标型号，得到 了客户的广泛认可，获得了头部封测企业和众多中小客户的批量订单。公司基于8230技术平台为客户开 发的在各种应用场景的高端定制机型也逐步实现批量销售。公司将运用英国、以色列、中国三地研发技 术的协同优势，加上中国制造供应链的强大成本和效率优势，跟客户的紧密合作，持续迭代和丰富产品 线，适配不同应用场景的划磨需求，为客户提供个性化的划磨整体解决方案，为客户提供更好的产品和 更优的服务，助力公司业务的增长。 ...

| ☑ | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □电话会议 | | □其他 | | | 参与单位名称 | 山西证券：刘斌 | | 及人员姓名 | 洛克化学：陈睿 | | 时间 2025 | 年 12 月 8 日 | | 地点 国机精工 | 会议室 | | 上市公司接待 | 董事会秘书：赵祥功 | | 人员姓名 | 投资者关系助理：汪智婷 | | | 1.问：请简单介绍一下公司的主营业务。 | | | 答：国机精工在轴承行业和磨料磨具行业开展业务，提供满足国 | | | 家战略需求的产品、技术和服务，业务涵盖"新材料、基础零部件、 | | | 机床工具、高端装备、供应链管理与服务"五大业务板块。总体来看， | | | 目前，特种轴承以及超硬材料磨具业务是公司利润的主要来源，风电 | | | 轴承是增速最快的业务。 | | | 公司轴承业务的核心支撑力量为洛阳轴承研究所有限公司、超硬 | | 投资者关系活 | 材料及制品的核心支撑力量为郑州磨料磨具磨削研究所有限公司，这 | ...

Industry Overview - The Chinese radiosonde industry is currently experiencing a dual drive of technological upgrades and market expansion, with a projected market size of approximately 2.914 billion yuan in 2024, representing a year-on-year growth of 12.29% [1][8] - The frequency coding method has become mainstream, with BeiDou/GPS integration achieving comprehensive ground-to-air IoT coverage, detecting altitudes of 60-70 km and reaching international advanced precision levels [1][8] - Future developments are expected to lead the industry towards intelligent, green, and global directions, reinforcing China's leading position in global radiosonde technology and supporting high-quality development in meteorological warning, climate research, and low-altitude economy [1][8] Market Size - The market size of the Chinese radiosonde industry is projected to reach approximately 2.914 billion yuan in 2024, with a year-on-year growth of 12.29% [1][9] - The industry is driven by technological advancements, particularly the adoption of frequency coding and BeiDou/GPS integration, which enhances detection capabilities and precision [1][9] Industry Chain - The upstream of the radiosonde industry includes raw materials and components such as sensors, conversion circuits, encoding devices, radio transmitters, and power supplies [6] - The midstream involves the production and manufacturing of radiosondes, while the downstream focuses on applications in meteorological forecasting, aerospace, and military sectors [6] Key Enterprises - The competitive landscape of the Chinese radiosonde industry is characterized by a concentration of leading players driven by technology [9] - Shanghai Changwang, established in 1930, leads the market with its GTS1 digital radiosonde, producing 150,000 units annually and supplying 90 meteorological stations [10] - China Huayun Meteorological Technology Group, a subsidiary of the China Meteorological Administration, holds a significant market share in P-band and L-band systems and is a leader in the BeiDou radiosonde field [9][10] Development Trends 1. **Accelerated Technological Upgrades**: The industry is transitioning from electronic to intelligent digital radiosondes, with BeiDou/GPS dual-mode positioning technology expected to be fully implemented by 2025, enhancing wind measurement precision [11] 2. **Expansion of Low-altitude Economy**: The low-altitude economy in China is projected to reach 670.25 billion yuan in 2024, opening new growth avenues for radiosondes in various applications beyond traditional meteorological observation [11] 3. **Accelerated Domestic Substitution**: The core components of radiosondes are increasingly being domestically produced, with the BeiDou radiosonde system achieving 100% autonomy, and advancements in temperature detection precision [12]

证券日报网讯 12月8日，希荻微在互动平台回答投资者提问时表示，公司车规和工规模拟集成电路研发 项目的具体应用前景包括数据中心等。公司研发的大电流POL（PointofLoad，负载点）芯片产品和E- Fuses负载开关芯片产品可以为PC和服务器核心处理器供电以及保护系统免受输入瞬变、短路和电压尖 峰等危害，优化电力传输，提升系统可靠性。截至目前，公司已推出10-20A大电流POL芯片，该产品在 正与下游多家客户进行软硬件适配，部分信创客户已进入量产爬坡阶段，更大电流规格的芯片产品也正 在研发与调试过程中，有望为数据中心提供更强大的性能支持；欧美芯片厂商由于成立时间较久，在资 金实力、人才储备以及客户资源积累方面具备一定的先发优势，其所能提供的产品料号也更为丰富，然 而在车规芯片和工规芯片领域，国产化替代已是大势所趋，公司可以提供更贴近中国客户需求的产品规 划定义和技术支持。公司会保持差异化战略，深入了解市场动态，确保产品研发方向与市场需求高度契 合，同时科学统筹调配研发资源，提高研发效率，缩短研发周期，不断推出高效率、高精度、高可靠 性、高性价比的芯片产品，通过丰富产品矩阵和提供优质服务提升公司的竞争力。 ...

对此，重庆川仪自动化公司联合合作伙伴，以湖南石化年产60万吨己内酰胺产业链搬迁与升级转型发展 项目煤气化装置建设为契机，开展高压水煤浆电磁流量计国产化关键技术研究。研发团队针对水煤浆气 化装置两相流干扰噪声强、快速响应要求高等难点，攻克了100赫兹高频励磁与非稳态信号融合处理技 术，设计了一种基于预设权重比例对目标采样数据进行运算的噪声提取及修正方法，提高了高浓度浆液 电磁流量计的测量稳定性；针对工况变化对励磁电流的不同需求，研发了适应不同工况的可调恒流源新 型励磁电路，开发了励磁电流误差的实时监测模块，提升了电磁流量计的工况适应能力；针对水煤浆介 质成分复杂、传感器部件易失效等难点，提出了一种电极座内凹的降噪结构，研发了碳化钨涂层电极、 补偿弹簧、内凹电极座等关键部件，提高了信噪比，延长了电磁流量计的使用寿命。 鉴定专家组：项目整体技术国内领先 11月22日，中国仪器仪表学会在湖南岳阳组织召开"高压水煤浆电磁流量计国产化研制及应用"科技成果 鉴定会，由重庆川仪自动化股份公司、中石化宁波工程公司和中石化湖南石化公司共同完成的该项目通 过鉴定。鉴定专家组评价：整体技术国内领先。 高压水煤浆电磁流量计作为水煤浆气 ...

Core Insights - The production launch of the embedded intelligent instrument module expansion project by Guangzhou Silin Jie Technology Co., Ltd. marks a significant leap in its R&D, production, and operational capabilities in the embedded intelligent instrument module sector, addressing market demand and enhancing technological strength [1][2] Capacity Enhancement - The new base in Panyu is equipped with a dust-free workshop, advanced laboratories, and an AI testing demonstration center, significantly improving product consistency and delivery efficiency while reserving ample capacity for future business expansion [2] - The company's core competitiveness stems from its self-developed "controller module + functional module" hardware architecture, which breaks the monopoly of imported equipment in the consumer electronics PCBA testing field, achieving a dominant position [2] - In the first three quarters of 2025, the company achieved total revenue of 180 million yuan, a year-on-year increase of 55.76%, with Q3 revenue reaching 76.99 million yuan, up 97.04% year-on-year, indicating a positive interaction between scaled production and market demand [3] Ecosystem Expansion - The new base serves as a hub for industry chain collaboration, strategic expansion, and global layout, enhancing the company's diversified development pattern [4] - The company has established deep cooperative relationships with leading global enterprises such as Quanta Computer and Foxconn, and has formed strategic partnerships with the Guangdong Product Quality Supervision and Inspection Research Institute to promote domestic applications of testing instruments [4] - The project is expected to drive the collaborative upgrade of upstream and downstream supporting enterprises, injecting strong momentum into the local economy [4] Business Field Expansion - The formal launch of the "14th Five-Year Plan" strategy marks a significant milestone, with low-altitude economy and artificial intelligence identified as core tracks [5] - The company plans to acquire 71% of Qingdao Keke Electronics for 1.314 billion yuan to leverage its technology in military control components, expanding into high-value markets such as military and aerospace [5] - The company aims to deepen its presence in the Asia-Pacific market while actively expanding into high-end markets in Europe and North America [5] Industry Empowerment - As a benchmark enterprise in the domestic industrial automation testing field, the company focuses on independent innovation and technological breakthroughs to drive industry transformation and promote the localization of high-end instrument equipment [6] - The company has maintained a high level of R&D investment, with R&D expenses accounting for 25.43%, 30.95%, and 26.57% of revenue from 2022 to 2024, respectively [6] - The company has accumulated 32 independent invention patents and a total of 244 various patents and software copyrights, establishing a solid technological barrier [6] Technological Innovation - The company's self-developed embedded intelligent instrument module has successfully broken the foreign monopoly in the high-end testing field, enhancing customer cooperation and business sustainability [7] - The company extends its core technology into emerging fields such as new energy, biomedical, and semiconductor testing, providing customized core module solutions through collaboration with customer R&D teams [7] - The company aims to leverage its Panyu base to deepen industry chain collaboration and emerging track layout, enhancing the reliability standards of military-grade products for civilian upgrades [7]

该产品作为动物疫苗制造的关键成分，占比达50%，其主要功能是包裹抗原并实现缓释效应，从而有效 提升动物的免疫应答水平。目前，荆门石化已完成注射用白油JSV-P-5共5个批次的稳定生产，并与疫苗 用油领域5家客户建立合作关系，其中2家终端客户已将产品作为原料用于批量制剂生产。经市场验证， 该产品已累计应用于超过4000万羽家禽的免疫接种，使用效果良好。 中化新网讯 截至12月2日，荆门石化累计生产销售注射用白油JSV-P-5近1000吨，标志着该公司在动物 疫苗佐剂专用白油领域实现定型批量生产，国产化替代取得显著成效。 ...

在我国新材料产业加速推进国产化替代、全力培育新质生产力的关键阶段，一批产业龙头企业正以自主 创新破局"卡脖子"难题，为制造业产业链供应链自主可控筑牢根基。 广州慧谷新材料科技股份有限公司(简称"慧谷新材")深耕功能性涂层材料领域二十五载，从打破外资技 术垄断到构建自主创新体系，从夯实国内市场到拓展国际布局，走出了一条"科技自立、产业自强"的高 质量发展之路。 作为即将登陆创业板的产业先锋，慧谷新材不仅成长为功能性涂层材料细分领域的国产标杆，更以核心 技术为下游家电、新能源、电子等关键产业锻造坚实"材料底座"，为国家产业升级注入强劲新动能。 锚定"卡脖子"难题 双技术平台筑牢创新根基 功能性涂层材料是制造业的关键基础材料，其核心树脂合成技术曾长期被欧美企业垄断，国内行业一度 陷入"复配易、合成难"的发展困局。 自1999年成立以来，慧谷新材便将科技创新作为核心战略，以分子结构设计为原点，搭建起功能性树脂 与功能性涂层材料两大技术平台，形成"树脂自供+涂层复配"的技术闭环，彻底扭转行业"重应用、轻基 础"的传统发展模式。 始终与国家产业发展同频共振，是慧谷新材技术攻坚的鲜明底色。 公司成立初期致力于换热器节能涂层 ...